First Trust Total Risk Alpha
| FIXD Etf | | | USD 43.56 -0.41 -0.93% |
Technical inputs supporting the Total Risk Alpha indicator for First Trust TCW are shown here. Values are derived from historical price and volume observations. Review
Investing Opportunities to understand diversified portfolio construction. Clearer exposure analysis supports long-term portfolio balance. Diversified allocation aims to distribute exposure across multiple positions. A position in First Trust TCW appears within the mix. The allocation reflects this within the position set. Position sizing reflects the allocation methodology applied to the portfolio. This overview is based on available data and does not express a directional 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 services.
First Trust TCW has current Total Risk Alpha of 0.0114. 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] |
| = | 0.0114 | |
| 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 |
Total Risk Alpha Peers Comparison
Total Risk Alpha Relative To Other Indicators
First Trust TCW is rated
below average for total risk alpha among peer ETFs. It is currently under evaluation for maximum drawdown among peer ETFs with a Maximum Drawdown-to-Total Risk Alpha ratio near
93.10 . The Maximum Drawdown to Total Risk Alpha ratio for First Trust TCW comes in at
93.10 The benchmark portfolio represents the market risk matched to the total risk of the stock ETF or fund.
Compare First Trust to Peers
Other Technical Indicators