First Trust Total Risk Alpha
| FSCS Etf | | | 36.02 -0.37 -1.02% |
First Trust total risk alpha lookup summarizes this and related technical indicators for First Trust SMID. Some instruments may have limited coverage due to data differences;
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First Trust SMID has current Total Risk Alpha of 0.0213. 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] |
| = | 0.0213 | |
| 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 SMID is rated
below average. in total risk alpha as compared to similar ETFs. It is currently under evaluation. in maximum drawdown as compared to similar ETFs reporting about
141.40 of Maximum Drawdown per Total Risk Alpha. The ratio of Maximum Drawdown to Total Risk Alpha for First Trust SMID is roughly
141.40 The benchmark portfolio represents the market risk matched to the total risk of the stock ETF or fund.
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