First Trust Total Risk Alpha
| NFTY Etf | | | USD 51.41 -0.80 -1.53% |
Observed values used in the Total Risk Alpha indicator for First Trust India are included in this dataset. The information is based on observed market data across timeframes. For portfolio construction context, review
Correlation Analysis. Clearer exposure analysis supports long-term portfolio balance. The holding in First Trust India represents an allocation. This is situated within the portfolio mix. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as
signals in population.
First Trust India has current Total Risk Alpha of
-0.1. 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] |
| = | -0.1 | |
| 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 India is rated
below average in total risk alpha compared to similar ETFs. It is currently under evaluation in maximum drawdown compared to similar ETFs .
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