First Trust High Stock Market Value
| FTHY Stock | USD 14.66 0.03 0.20% |
| Symbol | First |
First Trust High Price To Book Ratio
Is Asset Management & Custody Banks space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of First Trust. If investors know First will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about First Trust listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share 1.47 |
The market value of First Trust High is measured differently than its book value, which is the value of First that is recorded on the company's balance sheet. Investors also form their own opinion of First Trust's value that differs from its market value or its book value, called intrinsic value, which is First Trust's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because First Trust's market value can be influenced by many factors that don't directly affect First Trust's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between First Trust's value and its price as these two are different measures arrived at by different means. Investors typically determine if First Trust is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, First Trust's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.
First Trust 'What if' Analysis
In the world of financial modeling, what-if analysis is part of sensitivity analysis performed to test how changes in assumptions impact individual outputs in a model. When applied to First Trust's stock what-if analysis refers to the analyzing how the change in your past investing horizon will affect the profitability against the current market value of First Trust.
| 11/19/2023 |
| 12/13/2024 |
If you would invest 0.00 in First Trust on November 19, 2023 and sell it all today you would earn a total of 0.00 from holding First Trust High or generate 0.0% return on investment in First Trust over 390 days. First Trust is related to or competes with MFS Investment, Eaton Vance, DTF Tax, Blackrock Muniholdings, DWS Municipal, RiverNorth Flexible, and John Hancock. First Trust is entity of United States. It is traded as Stock on NYSE exchange. More
First Trust Upside/Downside Indicators
Understanding different market momentum indicators often help investors to time their next move. Potential upside and downside technical ratios enable traders to measure First Trust's stock current market value against overall market sentiment and can be a good tool during both bulling and bearish trends. Here we outline some of the essential indicators to assess First Trust High upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.4811 | |||
| Information Ratio | (0.14) | |||
| Maximum Drawdown | 2.61 | |||
| Value At Risk | (0.75) | |||
| Potential Upside | 0.8225 |
First Trust Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for First Trust's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as First Trust's standard deviation. In reality, there are many statistical measures that can use First Trust historical prices to predict the future First Trust's volatility.| Risk Adjusted Performance | 0.0559 | |||
| Jensen Alpha | 0.0133 | |||
| Total Risk Alpha | (0.04) | |||
| Sortino Ratio | (0.14) | |||
| Treynor Ratio | 0.1744 |
First Trust High Backtested Returns
At this stage we consider First Stock to be very steady. First Trust High secures Sharpe Ratio (or Efficiency) of 0.0555, which denotes the company had a 0.0555% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for First Trust High, which you can use to evaluate the volatility of the firm. Please confirm First Trust's Downside Deviation of 0.4811, mean deviation of 0.396, and Coefficient Of Variation of 1205.51 to check if the risk estimate we provide is consistent with the expected return of 0.0286%. First Trust has a performance score of 4 on a scale of 0 to 100. The firm shows a Beta (market volatility) of 0.18, which means not very significant fluctuations relative to the market. As returns on the market increase, First Trust's returns are expected to increase less than the market. However, during the bear market, the loss of holding First Trust is expected to be smaller as well. First Trust High right now shows a risk of 0.51%. Please confirm First Trust High potential upside, as well as the relationship between the daily balance of power and relative strength index , to decide if First Trust High will be following its price patterns.
Auto-correlation | 0.92 |
Excellent predictability
First Trust High has excellent predictability. Overlapping area represents the amount of predictability between First Trust time series from 19th of November 2023 to 1st of June 2024 and 1st of June 2024 to 13th of December 2024. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of First Trust High price movement. The serial correlation of 0.92 indicates that approximately 92.0% of current First Trust price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.92 | |
| Spearman Rank Test | 0.8 | |
| Residual Average | 0.0 | |
| Price Variance | 0.2 |
First Trust High lagged returns against current returns
Autocorrelation, which is First Trust stock's lagged correlation, explains the relationship between observations of its time series of returns over different periods of time. The observations are said to be independent if autocorrelation is zero. Autocorrelation is calculated as a function of mean and variance and can have practical application in predicting First Trust's stock expected returns. We can calculate the autocorrelation of First Trust returns to help us make a trade decision. For example, suppose you find that First Trust has exhibited high autocorrelation historically, and you observe that the stock is moving up for the past few days. In that case, you can expect the price movement to match the lagging time series.
Current and Lagged Values |
| Timeline |
First Trust regressed lagged prices vs. current prices
Serial correlation can be approximated by using the Durbin-Watson (DW) test. The correlation can be either positive or negative. If First Trust stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if First Trust stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in First Trust stock over time.
Current vs Lagged Prices |
| Timeline |
First Trust Lagged Returns
When evaluating First Trust's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of First Trust stock have on its future price. First Trust autocorrelation represents the degree of similarity between a given time horizon and a lagged version of the same horizon over the previous time interval. In other words, First Trust autocorrelation shows the relationship between First Trust stock current value and its past values and can show if there is a momentum factor associated with investing in First Trust High.
Regressed Prices |
| Timeline |
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Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.Additional Tools for First Stock Analysis
When running First Trust's price analysis, check to measure First Trust's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy First Trust is operating at the current time. Most of First Trust's value examination focuses on studying past and present price action to predict the probability of First Trust's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move First Trust's price. Additionally, you may evaluate how the addition of First Trust to your portfolios can decrease your overall portfolio volatility.