First Trust Total Risk Alpha
| FDN Etf | | | USD 240.10 -0.85 -0.35% |
The Total Risk Alpha lookup presents technical context for First Trust Dow and related instruments. Coverage depends on data availability and normalization;
Equity Screeners provides additional screening context.
Investing Opportunities provides context for diversified portfolio construction. Such insight adds context to allocation decisions within a diversified portfolio. This suggests a position in First Trust Dow in the portfolio view. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as
signals in median.
First Trust Dow has current Total Risk Alpha of
-0.12. The total risk alpha measures the performance of an asset by comparing its returns with those of a selected benchmark portfolio.
Total Risk Alpha | = | RFR + (ER[b] - ER[a]) | x | STD[a] / STD[b] |
| = | -0.12 | |
| ER[a] | = | Expected return on investing in First Trust |
| ER[b] | = | Expected return on market index or selected benchmark |
| STD[a] | = | Standard Deviation of returns on First Trust |
| STD[b] | = | Standard Deviation of selected market or benchmark |
| RFR | = | Risk Free Rate of return. Typically T-Bill Rate |
First Trust Total Risk Alpha Peers Comparison
First Total Risk Alpha Relative To Other Indicators
First Trust Dow is rated
below average in total risk alpha against similar ETFs. It is currently under evaluation in maximum drawdown against similar ETFs .
The benchmark portfolio represents the market risk matched to the total risk of the stock ETF or fund.
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