First Asset Morningstar Etf Technical Analysis
| QXM Etf | CAD 38.25 0.41 1.08% |
As of the 17th of March 2026, First Asset is trading near 38.25 per share. Technical analytics identify Mean Deviation of 0.7634, coefficient of variation of 2174.63, and Downside Deviation of 1.05. The analytical framework assesses directional consistency across time frames. Peer-relative positioning is derived from normalized indicator data.
First Asset 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 Asset Morningstar gives investors a practical way to test how changes in horizon, position size, or market timing might have affected the result. Valuation should still be reviewed through market value, enterprise value, revenue scale, and balance-sheet quality. The point is not to predict the future from one chart, but to understand how sensitive the trade has been to timing and holding assumptions.
| 12/17/2025 |
| 03/17/2026 |
An initial 0.00 allocation to First Asset on December 17, 2025 held through today would earn 0.00 in overall gains. In total, that is a 0.0% total return in First Asset overall across 90 days. First Asset has comparable peers such as IShares Core, TD Q, Hamilton Canadian, CI Canada, RBC Quant, BMO SIA, and IShares Conservative. The comparison helps frame competitive context. The ETF has been designed to replicate, to the extent possible, the performance of the Morningstar National Bank Qubec I... More
Upside and Downside Indicators for First Asset Dashboard
This section highlights upside and downside signals that contextualize First Asset price behavior. They compare current price to recent trend and sentiment readings.
| Downside Deviation | 1.05 | |||
| Information Ratio | 0.0626 | |||
| Maximum Drawdown | 4.34 | |||
| Value At Risk | -1.81 | |||
| Potential Upside | 1.45 |
First Asset Volatility and Risk Indicators Summary
Risk measures here provide context on First Asset's return distribution and drawdown behavior. The measures summarize variability without implying direction.| Risk Adjusted Performance | 0.0388 | |||
| Jensen Alpha | 0.0512 | |||
| Total Risk Alpha | 0.0689 | |||
| Sortino Ratio | 0.0596 | |||
| Treynor Ratio | 0.0621 |
While mean reversion in First Asset is a statistically observable tendency, it operates on uncertain timelines. Positions sized too aggressively against the trend can suffer sustained losses before reversion occurs.
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 | 0.0388 | |||
| Market Risk Adjusted Performance | 0.0721 | |||
| Mean Deviation | 0.7634 | |||
| Semi Deviation | 1.01 | |||
| Downside Deviation | 1.05 | |||
| Coefficient Of Variation | 2174.63 | |||
| Standard Deviation | 0.9972 | |||
| Variance | 0.9944 | |||
| Information Ratio | 0.0626 | |||
| Jensen Alpha | 0.0512 | |||
| Total Risk Alpha | 0.0689 | |||
| Sortino Ratio | 0.0596 | |||
| Treynor Ratio | 0.0621 | |||
| Maximum Drawdown | 4.34 | |||
| Value At Risk | -1.81 | |||
| Potential Upside | 1.45 | |||
| Downside Variance | 1.1 | |||
| Semi Variance | 1.01 | |||
| Expected Short fall | -0.75 | |||
| Skewness | 0.0173 | |||
| Kurtosis | 0.5233 |
First Asset Morningstar Backtested Returns
First Asset continues to exhibit a very low volatility profile over the designated horizon. It records an Efficiency (Sharpe) Ratio of 0.026, indicating risk-adjusted returns over the last 3 months. Volatility modeling revealed twenty-nine technical measures impacting risk exposure. Please examine metrics such as mean deviation of 0.7634, coefficient of variation of 2174.63, and Downside Deviation of 1.05 to validate volatility assumptions. The etf owns a Beta (Systematic Risk) of 0.58, which signifies possible diversification benefits within a given portfolio. First Asset moves in the same direction as the market but with less intensity, offering a degree of cushion during selloffs.
Auto-correlation | 0.28 |
Poor predictability
First Asset Morningstar shows poor predictability when comparing price series from 17th of December 2025 to 31st of January 2026 against from 31st of January 2026 to 17th of March 2026. A strong serial relationship would imply that First Asset's recent trajectory contains information about its near-term direction. With a serial correlation of 0.28, nearly 28.0% of First Asset's price variation is attributable to patterns in preceding intervals.
| Correlation Coefficient | 0.28 | |
| Spearman Rank Test | -0.19 | |
| Residual Average | 0.0 | |
| Price Variance | 0.45 |
Technical analysis for First Asset examines price and volume behavior across market regimes. The model references moving averages, relative strength, and price correlation signals.
Technical Analysis
This analysis covers twenty-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 Asset Morningstar volatility. High ATR values indicate high volatility, and low values indicate low volatility.
Technical Analysis Methodology & Indicators
Technical analysis of First Asset evaluates traded price structure, volume, and spread stability relative to NAV behavior. Price movements may be comparatively less responsive to macroeconomic volatility.
Data shown for First Asset Morningstar is aggregated from fund disclosures and market reference feeds and normalized across reporting formats. Source publication cadence can introduce delays.
This content is curated and reviewed by:
Raphi Shpitalnik - Junior Member of Macroaxis Editorial BoardFirst Asset Technical Indicators
Technical analysis of First Asset Morningstar is useful because it helps investors judge whether the current trend still looks durable or is beginning to weaken. This is most useful when investors want to compare trend quality, momentum, and mean-reversion risk before acting.
| Cycle Indicators | ||
| Math Operators | ||
| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
| Risk Adjusted Performance | 0.0388 | |||
| Market Risk Adjusted Performance | 0.0721 | |||
| Mean Deviation | 0.7634 | |||
| Semi Deviation | 1.01 | |||
| Downside Deviation | 1.05 | |||
| Coefficient Of Variation | 2174.63 | |||
| Standard Deviation | 0.9972 | |||
| Variance | 0.9944 | |||
| Information Ratio | 0.0626 | |||
| Jensen Alpha | 0.0512 | |||
| Total Risk Alpha | 0.0689 | |||
| Sortino Ratio | 0.0596 | |||
| Treynor Ratio | 0.0621 | |||
| Maximum Drawdown | 4.34 | |||
| Value At Risk | -1.81 | |||
| Potential Upside | 1.45 | |||
| Downside Variance | 1.1 | |||
| Semi Variance | 1.01 | |||
| Expected Short fall | -0.75 | |||
| Skewness | 0.0173 | |||
| Kurtosis | 0.5233 |
March 17, 2026 Daily Trend Indicators
Technical analysis of First Asset Morningstar is useful because it helps investors judge whether the current trend still looks durable or is beginning to weaken. This is most useful when investors want to compare trend quality, momentum, and mean-reversion risk before acting.
| Accumulation Distribution | 2.48 | ||
| Daily Balance Of Power | 2.16 | ||
| Rate Of Daily Change | 1.01 | ||
| Day Median Price | 38.16 | ||
| Day Typical Price | 38.19 | ||
| Price Action Indicator | 0.30 | ||
| Market Facilitation Index | 0.0004 |
More Resources for First Etf Analysis
Other Information on Investing in First Etf
Financial ratios for First Asset help frame valuation context across profits, cash flow, and enterprise value. They help compare First across valuation measures.