First Trust's market value is the price at which a share of First Trust trades on a public exchange. It measures the collective expectations of First Trust Canadian investors about its performance. First Trust is selling at 74.25 as of the 27th of January 2026; that is 0.17% down since the beginning of the trading day. The etf's open price was 74.38. With this module, you can estimate the performance of a buy and hold strategy of First Trust Canadian and determine expected loss or profit from investing in First Trust over a given investment horizon. Check out First Trust Correlation, First Trust Volatility and First Trust Alpha and Beta module to complement your research on First Trust.
Please note, there is a significant difference between First Trust's value and its price as these two are different measures arrived at by different means. Investors typically determine if First Trust is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, First Trust's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.
First Trust 'What if' Analysis
In the world of financial modeling, what-if analysis is part of sensitivity analysis performed to test how changes in assumptions impact individual outputs in a model. When applied to First Trust's etf what-if analysis refers to the analyzing how the change in your past investing horizon will affect the profitability against the current market value of First Trust.
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10/29/2025
No Change 0.00
0.0
In 3 months and 1 day
01/27/2026
0.00
If you would invest 0.00 in First Trust on October 29, 2025 and sell it all today you would earn a total of 0.00 from holding First Trust Canadian or generate 0.0% return on investment in First Trust over 90 days. First Trust is related to or competes with IShares ESG, IShares MSCI, Invesco RAFI, Desjardins, Purpose Core, CI Gold, and Fidelity Value. The First Trust ETF seeks to achieve its investment objective by investing in securities of issuers that are based in Ca... More
First Trust Upside/Downside Indicators
Understanding different market momentum indicators often help investors to time their next move. Potential upside and downside technical ratios enable traders to measure First Trust's etf current market value against overall market sentiment and can be a good tool during both bulling and bearish trends. Here we outline some of the essential indicators to assess First Trust Canadian upside and downside potential and time the market with a certain degree of confidence.
Today, many novice investors tend to focus exclusively on investment returns with little concern for First Trust's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as First Trust's standard deviation. In reality, there are many statistical measures that can use First Trust historical prices to predict the future First Trust's volatility.
As of now, First Etf is very steady. First Trust Canadian secures Sharpe Ratio (or Efficiency) of 0.18, which denotes the etf had a 0.18 % return per unit of risk over the last 3 months. We have found thirty technical indicators for First Trust Canadian, which you can use to evaluate the volatility of the entity. Please confirm First Trust's Mean Deviation of 0.553, coefficient of variation of 541.33, and Downside Deviation of 0.7957 to check if the risk estimate we provide is consistent with the expected return of 0.13%. The etf shows a Beta (market volatility) of 0.17, which means not very significant fluctuations relative to the market. As returns on the market increase, First Trust's returns are expected to increase less than the market. However, during the bear market, the loss of holding First Trust is expected to be smaller as well.
Auto-correlation
0.65
Good predictability
First Trust Canadian has good predictability. Overlapping area represents the amount of predictability between First Trust time series from 29th of October 2025 to 13th of December 2025 and 13th of December 2025 to 27th of January 2026. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of First Trust Canadian price movement. The serial correlation of 0.65 indicates that roughly 65.0% of current First Trust price fluctuation can be explain by its past prices.
Correlation Coefficient
0.65
Spearman Rank Test
0.65
Residual Average
0.0
Price Variance
1.97
Pair Trading with First Trust
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if First Trust position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in First Trust will appreciate offsetting losses from the drop in the long position's value.
The ability to find closely correlated positions to First Trust could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace First Trust when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back First Trust - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling First Trust Canadian to buy it.
The correlation of First Trust is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as First Trust moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if First Trust Canadian moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for First Trust can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.
First Trust financial ratios help investors to determine whether First Etf is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in First with respect to the benefits of owning First Trust security.