First Trust Total Risk Alpha
| FNY Etf | | | USD 91.57 0.52 0.57% |
Reference data associated with the Total Risk Alpha technical indicator for First Trust Mid. Certain instruments may report limited data depending on market coverage.
First Trust Mid has current Total Risk Alpha of 0.0681. 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] |
| = | 0.0681 | |
| 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 Mid is rated
below average in total risk alpha compared to similar ETFs. It is currently under evaluation in maximum drawdown compared to similar ETFs reporting about
94.50 of Maximum Drawdown per Total Risk Alpha. At
94.50 , First Trust Mid's Maximum Drawdown-to-Total Risk Alpha multiple reflects the spread between these metrics
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