First Trust Short Fund Technical Analysis
| FDHAX Fund | USD 17.60 -0.05 -0.28% |
As of the 23rd of March, FIRST TRUST trades at 17.60 per share. Key technical indicators include Mean Deviation of 0.1226, standard deviation of 0.1692, and Variance of 0.0286. The technical model evaluates historical price movement, trading volume, and volatility patterns to quantify trend strength. Current values are evaluated relative to sector peers and historical ranges.
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
Backtesting a what-if scenario on First Trust Short shows how the fund may have behaved if the position had been entered, held, or resized under different historical assumptions. The real value is perspective: it shows whether the thesis would have remained investable across different historical windows or depended too heavily on one favorable stretch.
| 12/23/2025 |
| 03/23/2026 |
Opening a 0.00 position in FIRST TRUST on December 23, 2025 and holding to today would produce 0.00 in aggregate gains. The net result is a 0.0% return on investment in FIRST TRUST for the period over the 90 day window. Price and volume history from exchange records underpins the dataset. FIRST TRUST is grouped with peers such as Rational/Pier, Virtus Convertible, Lord Abbett, Columbia Convertible, and Gabelli Convertible based on business similarity. The investment seeks to provide a high level of current income capital appreciation is the secondary consideration More
Upside and Downside Indicators for FIRST TRUST Signals
Upside and downside indicators for FIRST TRUST summarize momentum balance and potential range context for the fund. They provide a structured view of short-term momentum and range behavior.
| Information Ratio | 0.3809 | |||
| Maximum Drawdown | 0.8969 | |||
| Value At Risk | -0.28 | |||
| Potential Upside | 0.3359 |
Market Risk Indicators for FIRST TRUST Dashboard
FIRST TRUST's risk profile is reflected through volatility and return variability measures. The indicators highlight how volatility has behaved across recent periods.| Risk Adjusted Performance | -0.15 | |||
| Jensen Alpha | -0.03 | |||
| Total Risk Alpha | -0.01 | |||
| Treynor Ratio | -0.95 |
Experienced market participants anticipate that FIRST TRUST's price will even out over time. Periods when FIRST TRUST's deviates significantly from its historical mean may warrant further fundamental analysis.
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 | -0.15 | |||
| Market Risk Adjusted Performance | -0.94 | |||
| Mean Deviation | 0.1226 | |||
| Coefficient Of Variation | -707.92 | |||
| Standard Deviation | 0.1692 | |||
| Variance | 0.0286 | |||
| Information Ratio | 0.3809 | |||
| Jensen Alpha | -0.03 | |||
| Total Risk Alpha | -0.01 | |||
| Treynor Ratio | -0.95 | |||
| Maximum Drawdown | 0.8969 | |||
| Value At Risk | -0.28 | |||
| Potential Upside | 0.3359 | |||
| Skewness | 0.8677 | |||
| Kurtosis | 1.67 |
First Trust Short Backtested Returns
FIRST TRUST appears to exhibit a very low volatility profile over the selected 3 months investment horizon. It maintains a Sharpe Ratio of -0.14, illustrating dispersion-adjusted losses. We identified twenty-one technical indicators influencing the company's volatility profile. Please review metrics such as mean deviation of 0.1226, standard deviation of 0.1692, and Variance of 0.0286 to confirm whether our risk estimates align with your expectations. The fund has a Beta (Market Risk) of 0.0355, which indicates very low measured sensitivity to broad market movements. As returns on the market increase, FIRST TRUST's returns are expected to increase less than the market. However, during a bear market, the loss from holding FIRST TRUST is expected to be smaller as well.
Auto-correlation | 0.27 |
Poor predictability
Comparing FIRST TRUST's price behavior from 23rd of December 2025 to 6th of February 2026 with the period from 6th of February 2026 to 23rd of March 2026 produces poor predictability. The stronger the relationship between the current interval and its lagged values, the more accurately future price behavior of First Trust Short may be projected. The coefficient of 0.27 links nearly 27.0% of FIRST TRUST's present price action to its own historical movements.
| Correlation Coefficient | 0.27 | |
| Spearman Rank Test | 0.11 | |
| Residual Average | 0.0 | |
| Price Variance | 0.01 |
Technical analysis for FIRST TRUST examines price and volume patterns over time. It captures historical price and volume behavior using available data.
Technical Analysis
This analysis covers thirty-seven data points across the selected time horizon. 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 Short 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. Trend persistence provides context for directional stability. Certain defensive traits may reduce sensitivity to broader macroeconomic fluctuations.
Unless otherwise specified, data for First Trust Short is compiled from fund disclosures and market reference feeds and standardized for comparability. Updates may occur throughout the day.
This content is curated and reviewed by:
Ellen Johnson - Member of Macroaxis Editorial BoardFIRST TRUST Technical Indicators
Investors following First Trust Short often rely on technical indicators to test whether price action is supporting continuation, exhaustion, or a possible change in direction. The practical goal is to improve execution quality rather than to suggest that charts alone can predict every move.
| Cycle Indicators | ||
| Math Operators | ||
| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
| Risk Adjusted Performance | -0.15 | |||
| Market Risk Adjusted Performance | -0.94 | |||
| Mean Deviation | 0.1226 | |||
| Coefficient Of Variation | -707.92 | |||
| Standard Deviation | 0.1692 | |||
| Variance | 0.0286 | |||
| Information Ratio | 0.3809 | |||
| Jensen Alpha | -0.03 | |||
| Total Risk Alpha | -0.01 | |||
| Treynor Ratio | -0.95 | |||
| Maximum Drawdown | 0.8969 | |||
| Value At Risk | -0.28 | |||
| Potential Upside | 0.3359 | |||
| Skewness | 0.8677 | |||
| Kurtosis | 1.67 |
March 23, 2026 Daily Trend Indicators
Investors following First Trust Short often rely on technical indicators to test whether price action is supporting continuation, exhaustion, or a possible change in direction. The practical goal is to improve execution quality rather than to suggest that charts alone can predict every move.
| Accumulation Distribution | 0.00 | ||
| Daily Balance Of Power | 0.00 | ||
| Rate Of Daily Change | 1.00 | ||
| Day Median Price | 17.60 | ||
| Day Typical Price | 17.60 | ||
| Price Action Indicator | -0.02 |