First Trust Total Risk Alpha
| FSMB Etf | | | USD 20.13 0.02 0.1% |
The Total Risk Alpha technical lookup provides context for First Trust Short and related instruments. Availability can vary by instrument;
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Investing Opportunities provides context for diversified portfolio construction. Refined allocation visibility enhances overall portfolio context. This reflects a position in First Trust Short within the allocation view. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as
signals in state.
First Trust Short has current Total Risk Alpha of 0.0133. 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] |
| = | 0.0133 | |
| 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 Short 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
37.47 of Maximum Drawdown per Total Risk Alpha. At
37.47 , First Trust Short'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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