First Trust California Etf Performance
| FCAL Etf | USD 50.10 0.09 0.18% |
The etf shows a Beta (market volatility) of -0.0122, which means not very significant fluctuations relative to the market. As returns on the market increase, returns on owning First Trust are expected to decrease at a much lower rate. During the bear market, First Trust is likely to outperform the market.
Risk-Adjusted Performance
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Insignificant
Compared to the overall equity markets, risk-adjusted returns on investments in First Trust California are ranked lower than 4 (%) of all global equities and portfolios over the last 90 days. Despite quite persistent basic indicators, First Trust is not utilizing all of its potentials. The recent stock price mess, may contribute to short-term losses for the institutional investors. ...more
1 | Disposition of 12500 shares by Bartlett Robert W of First Trust at 4.664 subject to Rule 16b-3 | 09/20/2024 |
2 | Disposition of tradable shares by Cohen Joseph N of First Trust subject to Rule 16b-3 | 10/17/2024 |
3 | Muni Bonds Dont Fight The Fed, Buy Dips - Seeking Alpha | 10/21/2024 |
4 | First Trust California Municipal High Income ETF Sees Significant Drop in Short Interest | 11/01/2024 |
5 | Acquisition by Kum Chong Guk of 22500 shares of First Trust at 6.75 subject to Rule 16b-3 | 11/11/2024 |
6 | First Trust California Municipal High Income ETF declares 0.1275 dividend | 11/21/2024 |
| In Threey Sharp Ratio | -0.62 |
First |
First Trust Relative Risk vs. Return Landscape
If you would invest 4,959 in First Trust California on August 30, 2024 and sell it today you would earn a total of 51.00 from holding First Trust California or generate 1.03% return on investment over 90 days. First Trust California is currently generating 0.0167% in daily expected returns and assumes 0.2874% risk (volatility on return distribution) over the 90 days horizon. In different words, 2% of etfs are less volatile than First, and 99% of all traded equity instruments are projected to make higher returns than the company over the 90 days investment horizon. Expected Return |
| Risk |
First Trust Market Risk Analysis
Today, many novice investors tend to focus exclusively on investment returns with little concern for First Trust's investment risk. Standard deviation is the most common way to measure market volatility of etfs, such as First Trust California, and traders can use it to determine the average amount a First Trust's price has deviated from the expected return over a period of time. It is calculated by determining the expected price for the established period and then subtracting this figure from each price point. The differences are then squared, summed, and averaged to produce the variance.
Sharpe Ratio = 0.058
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| Negative Returns | FCAL |
Estimated Market Risk
| 0.29 actual daily | 2 98% of assets are more volatile |
Expected Return
| 0.02 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
| 0.06 actual daily | 4 96% of assets perform better |
Based on monthly moving average First Trust is performing at about 4% of its full potential. If added to a well diversified portfolio the total return can be enhanced and market risk can be reduced. You can increase risk-adjusted return of First Trust by adding it to a well-diversified portfolio.
First Trust Fundamentals Growth
First Etf prices reflect investors' perceptions of the future prospects and financial health of First Trust, and First Trust fundamentals are critical determinants of its market performance. Overall, investors pay close attention to revenue and earnings growth, profit margins, and debt levels. These fundamentals can have a significant impact on First Etf performance.
| Return On Equity | 0.035 | |||
| Return On Asset | 0.41 | |||
| Profit Margin | 9.54 % | |||
| Operating Margin | 28.33 % | |||
| Current Valuation | 304.37 M | |||
| Shares Outstanding | 29.23 M | |||
| Price To Earning | 43.37 X | |||
| Price To Book | 1.18 X | |||
| Price To Sales | 3.29 X | |||
| Revenue | 74.21 M | |||
| EBITDA | 24.59 M | |||
| Cash And Equivalents | 74.8 M | |||
| Cash Per Share | 2.56 X | |||
| Total Debt | 133.83 M | |||
| Debt To Equity | 7.06 % | |||
| Book Value Per Share | 8.01 X | |||
| Cash Flow From Operations | 18.3 M | |||
| Earnings Per Share | 0.20 X | |||
| Total Asset | 116.31 M | |||
| Retained Earnings | 33.45 M | |||
About First Trust Performance
By examining First Trust's fundamental ratios, stakeholders can obtain critical insights into First Trust's financial health, operational efficiency, and overall profitability. These insights assist in making well-informed investment and management decisions. For example, a high Return on Assets and Return on Equity would indicate that First Trust is effectively utilizing its assets and equity to generate significant profits, enhancing its appeal to investors. On the other hand, low ROA and ROE values could reveal issues in asset and equity management, highlighting the need for operational improvements.
The fund seeks to achieve its investment objectives by investing at least 80 percent of its net assets in municipal debt securities that pay interest that is exempt from regular federal income taxes and California income taxes. California Municipal is traded on NASDAQ Exchange in the United States.| About 20.0% of the company shares are held by company insiders | |
| Latest headline from seekingalpha.com: First Trust California Municipal High Income ETF declares 0.1275 dividend | |
| The fund created three year return of 0.0% | |
| First Trust California retains most of the assets under management (AUM) in different types of exotic instruments. |
Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in First Trust California. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in nation. You can also try the Price Ceiling Movement module to calculate and plot Price Ceiling Movement for different equity instruments.
The market value of First Trust California 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.