First Trust Market Risk Adjusted Performance
| FMAY Etf | | | USD 53.61 0.18 0.34% |
Observed values used to calculate the Market Risk Adjusted Performance technical indicator for First Trust Exchange Traded. Some instruments may provide partial coverage depending on trading history.
First Trust Exchange Traded has current Market Risk Adjusted Performance of 0.0181.
MRAP | = | ER[a] + (1/BETA - 1) | X | ER[a] - RFR) |
| = | 0.0181 | |
| ER[a] | = | Expected return on investing in First Trust |
| RFR | = | Risk Free Rate of return. Typically T-Bill Rate |
| BETA | = | Beta of the asset with market or selected benchmark. |
Market Risk Adjusted Performance Peers Comparison
Market Risk Adjusted Performance Relative To Other Indicators
First Trust Exchange Traded is rated
below average in market risk adjusted performance compared to similar ETFs. It is currently under evaluation in maximum drawdown compared to similar ETFs reporting about
90.85 of Maximum Drawdown per Market Risk Adjusted Performance. At
90.85 , First Trust Exchange Traded's Maximum Drawdown-to-Market Risk Adjusted Performance multiple reflects the spread between these metrics
Other Technical Indicators