First Trust Managed Fund Technical Analysis
| CWAIX Fund | USD 20.47 -0.06 -0.29% |
As of the 13th of March 2026, shares of First Trust change hands at 20.47 per share. Momentum and volatility readings indicate Standard Deviation of 0.1276, coefficient of variation of 608.83, and Mean Deviation of 0.0792. The system measures statistical relationships between price fluctuations and trading activity. Indicator values are assessed relative to historical performance bands.
First Trust Momentum Analysis
Momentum indicators are widely used technical indicators which help to measure the pace at which the price of specific equity, such as First, fluctuates. Many momentum indicators also complement each other and can be helpful when the market is rising or falling as compared to FirstFirst |
What if' Analysis
Running a what-if backtest on First Trust Managed gives investors a practical way to test how changes in horizon, position size, or market timing might have affected the result. Used properly, this review helps investors decide whether First Trust's historical reward profile was stable enough to support the current thesis.
| 12/13/2025 |
| 03/13/2026 |
An initial 0.00 allocation to First Trust on December 13, 2025 held through today would generate 0.00 in total gains. That corresponds to a 0.0% total return in First Trust overall over 90 days. First Trust is often compared with VANGUARD INTERMEDIATE-TER, VANGUARD INTERMEDIATE-TER, TAX EXEMPT, Tax Exempt, TAX EXEMPT, Tax Exempt, and TAX EXEMPT based on sector and business overlap. Peer context helps frame relative positioning. The fund invests at least 65 percent of its net assets in investment grade securities, which are securities that are rat... More
First Trust Momentum Range Indicators Overview
This section highlights upside and downside signals that contextualize First Trust price behavior. They compare current price to recent trend and sentiment readings.
| Downside Deviation | 0.1928 | |||
| Information Ratio | 0.4603 | |||
| Maximum Drawdown | 0.8761 | |||
| Value At Risk | -0.24 | |||
| Potential Upside | 0.2462 |
First Trust Volatility and Risk Indicators Overview
This section presents risk metrics that describe First Trust's historical price variability. The metrics rely on historical prices to describe variability over time.| Risk Adjusted Performance | 0.0784 | |||
| Jensen Alpha | 0.0124 | |||
| Total Risk Alpha | 0.0186 | |||
| Sortino Ratio | 0.3046 | |||
| Treynor Ratio | 0.3602 |
The mean reversion principle applied to First Trust's suggests that neither prolonged outperformance nor underperformance is permanent. Investors exploit this by positioning against extremes in price relative to fundamental value.
Technical Indicators
| Cycle Indicators | ||
| Math Operators | ||
| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
| Risk Adjusted Performance | 0.0784 | |||
| Market Risk Adjusted Performance | 0.3702 | |||
| Mean Deviation | 0.0792 | |||
| Downside Deviation | 0.1928 | |||
| Coefficient Of Variation | 608.83 | |||
| Standard Deviation | 0.1276 | |||
| Variance | 0.0163 | |||
| Information Ratio | 0.4603 | |||
| Jensen Alpha | 0.0124 | |||
| Total Risk Alpha | 0.0186 | |||
| Sortino Ratio | 0.3046 | |||
| Treynor Ratio | 0.3602 | |||
| Maximum Drawdown | 0.8761 | |||
| Value At Risk | -0.24 | |||
| Potential Upside | 0.2462 | |||
| Downside Variance | 0.0372 | |||
| Semi Variance | -0.01 | |||
| Expected Short fall | -0.10 | |||
| Skewness | -0.57 | |||
| Kurtosis | 4.8 |
First Trust Managed Backtested Returns
First Trust presents a very low volatility profile within the defined horizon. It shows an Efficiency (Sharpe) Ratio of 0.18, quantifying return efficiency across 3 months. Signal processing identified twenty-five dispersion-based indicators. Please review metrics such as Coefficient Of Variation of 608.83, standard deviation of 0.1276, and mean deviation of 0.0792 to review dispersion measures. The fund secures a Beta (Market Risk) of 0.0304, which means relatively modest fluctuations relative to the market. First Trust moves in the same direction as the market but with less intensity, offering a degree of cushion during selloffs.
Auto-correlation | 0.81 |
Very good predictability
First Trust Managed exhibits very good predictability. Autocorrelation measures the degree of predictability between First Trust time series from 13th of December 2025 to 27th of January 2026 and from 27th of January 2026 to 13th of March 2026. Persistent correlation between intervals suggests underlying momentum patterns in First Trust that may carry forward. The measured coefficient of 0.81 means around 81.0% of First Trust's recent price variance traces back to prior period behavior.
| Correlation Coefficient | 0.81 | |
| Spearman Rank Test | 0.73 | |
| Residual Average | 0.0 | |
| Price Variance | 0.01 |
Technical analysis for First Trust examines price and volume behavior across market regimes. Typical tools include moving averages, relative strength index, regressions, and price correlations.
Technical Analysis
The output start index for this execution was twenty-four with a total number of output elements of thirty-seven. The Average True Range was developed by J. Welles Wilder in 1970s. It is one of components of the Welles Wilder Directional Movement indicators. The ATR is a measure of First Trust Managed volatility. High ATR values indicate high volatility, and low values indicate low volatility.
Technical Analysis Methodology & Indicators
Technical analysis of First Trust focuses on NAV trend behavior and volatility patterns where pricing frequency permits. Volatility compression can precede expansion in dispersion regimes.
Inputs for First Trust Managed come from fund disclosures and market reference feeds and are mapped into a consistent schema for analysis. Some fields can appear with publication lag.
This content is curated and reviewed by:
Michael Smolkin - Member of Macroaxis Board of DirectorsFirst Trust Technical Indicators
A technical review of First Trust Managed can improve timing discipline by comparing momentum, reversal risk, and confirmation signals across several time horizons. The stronger process confirms one signal with others instead of reacting to one pattern in isolation.
| Cycle Indicators | ||
| Math Operators | ||
| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
| Risk Adjusted Performance | 0.0784 | |||
| Market Risk Adjusted Performance | 0.3702 | |||
| Mean Deviation | 0.0792 | |||
| Downside Deviation | 0.1928 | |||
| Coefficient Of Variation | 608.83 | |||
| Standard Deviation | 0.1276 | |||
| Variance | 0.0163 | |||
| Information Ratio | 0.4603 | |||
| Jensen Alpha | 0.0124 | |||
| Total Risk Alpha | 0.0186 | |||
| Sortino Ratio | 0.3046 | |||
| Treynor Ratio | 0.3602 | |||
| Maximum Drawdown | 0.8761 | |||
| Value At Risk | -0.24 | |||
| Potential Upside | 0.2462 | |||
| Downside Variance | 0.0372 | |||
| Semi Variance | -0.01 | |||
| Expected Short fall | -0.10 | |||
| Skewness | -0.57 | |||
| Kurtosis | 4.8 |
March 13, 2026 Daily Trend Indicators
A technical review of First Trust Managed can improve timing discipline by comparing momentum, reversal risk, and confirmation signals across several time horizons. The stronger process confirms one signal with others instead of reacting to one pattern in isolation.
| Accumulation Distribution | 0.00 | ||
| Daily Balance Of Power | -Huge | ||
| Rate Of Daily Change | 1.00 | ||
| Day Median Price | 20.47 | ||
| Day Typical Price | 20.47 | ||
| Price Action Indicator | -0.03 |