First Trust Value At Risk
| FMF Etf | | | USD 49.66 -0.19 -0.38% |
Technical inputs supporting the Value At Risk indicator for First Trust Managed are shown here. The information is based on observed market data across timeframes. Use
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First Trust Managed has current Value At Risk of
-1.26. Value At Risk (or VAR) is a statistical technique used to measure the level of financial risk of investment instrument over a specific time frame. It is a widely used measure of the risk of loss on a specific investing instrument.
Value At Risk | = | ER[a] x N | + | (Z-SCORE x STD x SQRT (N)) |
| = | -1.26 | |
| ER[a] | = | Expected return on investing in First Trust |
| STD | = | Standard Deviation of First Trust |
| N | = | Number of points for the period |
| Z-SCORE | = | Number of standard deviations above or below the mean |
Value At Risk Peers Comparison
Value At Risk Relative To Other Indicators
First Trust Managed ranks
second among etfs in value at risk relative to comparable ETFs. It is currently under evaluation in maximum drawdown relative to comparable ETFs .
Value At Risk is used by risk managers in order to measure and control the level of risk which the firm undertakes. The risk manager job is to ensure that risks are not taken beyond the level at which the firm can absorb the losses of a probable worst outcome. VAR can be defined as the loss level that will not be exceeded with a certain confidence level during a certain period of time.
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