First Trust Total Risk Alpha
| GFEB Etf | | | 40.97 -0.24 -0.58% |
Technical inputs supporting the Total Risk Alpha indicator for First Trust Exchange Traded are shown here. Values are derived from historical price and volume observations. Availability can differ across markets, exchanges, and instruments. Use
Risk vs Return Analysis to better understand diversified portfolio construction. Broader allocation clarity strengthens diversification analysis. Allocation decisions are shaped by the composition and weighting of holdings. This captures an allocation to First Trust Exchange Traded. It is represented within the portfolio holdings. The allocation framework shapes how individual positions are weighted. The dataset is presented as structured reference material for independent review. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as
signals in unemployment.
First Trust Exchange Traded has current Total Risk Alpha of 0.0201. 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] |
| = | 0.0201 | |
| 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 Exchange Traded 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
88.30 of Maximum Drawdown per Total Risk Alpha. At
88.30 , First Trust Exchange Traded'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.
Compare First Trust to Peers
Other Technical Indicators