First Trust Total Risk Alpha
| XDEC Etf | | | USD 40.15 -0.30 -0.74% |
The Total Risk Alpha profile for First Trust Exchange Traded is based on historical price and volume observations. All inputs reflect available trading data across supported markets. Normalization methods and data feeds may affect reported values. Related screening structures are referenced through
Equity Screeners. Portfolio design and allocation context appear in
Your Current Watchlist. Portfolio-level transparency adds depth to allocation analysis. This suggests a position in First Trust Exchange Traded. This appears in the portfolio view. Position weights are derived from the portfolio construction methodology. Reported data is organized for reference and does not imply a course of action. 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 0.011. 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] |
| = | 0.011 | |
| 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 for total risk alpha among peer ETFs. It is currently under evaluation for maximum drawdown among peer ETFs with a Maximum Drawdown-to-Total Risk Alpha ratio near
137.97 . The Maximum Drawdown to Total Risk Alpha ratio for First Trust Exchange Traded comes in at
137.97 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