First Trust Total Risk Alpha
| FTHY Stock | | | USD 13.39 -0.27 -1.98% |
The Total Risk Alpha indicator for First Trust High is derived from observed market data. The dataset is based on observed market activity where data is available. First Trust has a market cap of 497.17 M. Use
Investing Opportunities to explore allocation context. First Trust High can be added to a watchlist or portfolio for position tracking. All values are presented as reference data. Broader economic conditions can influence First Trust High's company valuation — related indicators include
signals in rate.
First Trust High has current Total Risk Alpha of 0.0314. 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] |
| = | 0.0314 | |
| 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 High is rated
below average in total risk alpha among leading competitors. It is currently under evaluation in maximum drawdown among leading competitors reporting about
49.64 of Maximum Drawdown per Total Risk Alpha. At
49.64 , First Trust High'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