First Trust Total Risk Alpha
| FJAN Etf | | | USD 50.98 -0.57 -1.11% |
First Trust total risk alpha lookup summarizes this and related technical indicators for First Trust Exchange Traded. Coverage varies by data normalization and availability; see
Equity Screeners for broader screening context. Use
Investing Opportunities to better understand diversified portfolio construction. Such insight adds context to allocation decisions within a diversified portfolio. This includes a position in First Trust Exchange Traded within the portfolio mix. 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.
First Trust Exchange Traded has current Total Risk Alpha of 0.0132. 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] |
| = | 0.0132 | |
| 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 Exchange Traded currently holds the
# 5 position in total risk alpha as compared to similar ETFs. It is currently under evaluation. in maximum drawdown as compared to similar ETFs reporting about
170.70 of Maximum Drawdown per Total Risk Alpha. The ratio of Maximum Drawdown to Total Risk Alpha for First Trust Exchange Traded is roughly
170.70 The benchmark portfolio represents the market risk matched to the total risk of the stock ETF or fund.
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