First Trust Total Risk Alpha
| FMF Etf | | | USD 49.85 -0.91 -1.79% |
Reference data associated with the Total Risk Alpha technical indicator for First Trust Managed. Certain instruments may report limited data depending on market coverage.
First Trust Managed has current Total Risk Alpha of 0.1884. 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] |
| = | 0.1884 | |
| 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 Managed ranks
third among etfs in total risk alpha relative to comparable ETFs. It is currently under evaluation in maximum drawdown relative to comparable ETFs at roughly
22.27 Maximum Drawdown per unit of Total Risk Alpha. First Trust Managed carries a
22.27 x Maximum Drawdown-to-Total Risk Alpha ratio
The benchmark portfolio represents the market risk matched to the total risk of the stock ETF or fund.
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Other Technical Indicators