First Trust Competition
| RND Etf | 30.17 0.23 0.76% |
First Trust vs PGIM ETF Correlation
Poor diversification
The correlation between First Trust Bloomberg and PJIO is 0.71 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding First Trust Bloomberg and PJIO in the same portfolio, assuming nothing else is changed.
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First Trust Competition Correlation Matrix
Typically, diversification allows investors to combine positions across different asset classes to reduce overall portfolio risk. Correlation between First Trust and its competitors represents the degree of relationship between the price movements of corresponding etfs. A correlation of about +1.0 implies that the price of First and its corresponding peer move in tandem. A correlation of -1.0 means that prices move in opposite directions. A correlation of close to zero suggests that the price movements of assets are uncorrelated; in other words, the historical price movement of First Trust Bloomberg does not affect the price movement of the other competitor.
High positive correlations
| High negative correlations
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First Trust Constituents Risk-Adjusted Indicators
There is a big difference between First Etf performing well and First Trust ETF doing well as a business compared to the competition. There are so many exceptions to the norm that investors cannot definitively determine what's good or bad unless they analyze First Trust's multiple risk-adjusted performance indicators across the competitive landscape. These indicators are quantitative in nature and help investors forecast volatility and risk-adjusted expected returns across various positions.| Mean Deviation | Jensen Alpha | Sortino Ratio | Treynor Ratio | Semi Deviation | Expected Shortfall | Potential Upside | Value @Risk | Maximum Drawdown | ||
|---|---|---|---|---|---|---|---|---|---|---|
| SMCF | 0.75 | 0.09 | 0.11 | 0.13 | 0.71 | 2.09 | 4.21 | |||
| SKRE | 1.91 | (0.30) | 0.00 | 0.17 | 0.00 | 2.65 | 17.01 | |||
| USRD | 0.76 | (0.11) | 0.00 | (0.08) | 0.00 | 1.53 | 5.38 | |||
| BTOP | 1.09 | (0.22) | 0.00 | (0.53) | 0.00 | 4.04 | 12.04 | |||
| MLPD | 0.32 | 0.10 | 0.15 | 1.67 | 0.17 | 0.69 | 1.78 | |||
| ABCS | 0.68 | 0.00 | 0.00 | 0.03 | 0.77 | 1.72 | 4.06 | |||
| BEEZ | 0.64 | (0.05) | 0.00 | (0.01) | 0.00 | 1.55 | 4.18 | |||
| JDOC | 0.60 | 0.06 | 0.07 | 0.15 | 0.49 | 1.80 | 3.82 | |||
| JDIV | 0.57 | (0.01) | (0.03) | 0.02 | 0.72 | 1.12 | 3.69 | |||
| PJIO | 0.72 | (0.10) | 0.00 | (0.08) | 0.00 | 1.37 | 4.14 |
First Trust Competitive Analysis
The better you understand First Trust competitors, the better chance you have of utilizing it as a position in your portfolios. From an individual investor's perspective, First Trust's competitive analysis can cover a whole range of metrics. Some of these will be more critical depending on who you are as an investor and how you react to market volatility. However, if you are locking your investment sandscape to a long-term horizon, comparing the fundamental indicator across First Trust's competition over several years is one of the best ways to analyze its investment potential.| Better Than Average | Worse Than Peers | View Performance Chart |
First Trust Competition Performance Charts
Five steps to successful analysis of First Trust Competition
First Trust's competitive analysis is the process of researching and evaluating its competitive landscape. It provides an understanding of the strengths, weaknesses, opportunities, and threats (SWOT) faced by First Trust Bloomberg in relation to its competition. First Trust's competition analysis typically involves several steps, including:- Identifying the key players in the market: This involves identifying the major competitors of First Trust in the market, both direct and indirect, as well as new entrants and disruptive technologies.
- Assessing the strengths and weaknesses of each competitor: This involves evaluating each competitor's strengths and weaknesses in areas such as product offerings, market share, brand recognition, financial performance, and distribution channels.
- Understanding the competitive environment: This involves evaluating the regulatory environment, economic conditions, and other factors that may impact First Trust's competitive landscape.
- Identifying opportunities and threats: This involves using the information gathered during the analysis to identify opportunities and threats to First Trust Bloomberg, and developing a strategy to address them.
- Evaluating the competitive landscape: This involves understanding the competitive dynamics of the market, such as pricing, marketing, and distribution strategies, as well as analyzing the competitive advantage of each competitor.
Complement your First Trust position
In addition to having First Trust in your portfolios, you can quickly add positions using our predefined set of ideas and optimize them against your very unique investing style. A single investing idea is a collection of funds, stocks, ETFs, or cryptocurrencies that are programmatically selected from a pull of investment themes. After you determine your investment opportunity, you can then find an optimal portfolio that will maximize potential returns on the chosen idea or minimize its exposure to market volatility.Did You Try This Idea?
Run Market Neutral Funds Thematic Idea Now
Market Neutral Funds
Funds or Etfs that invest in both long and short positions of different entities to enhance returns from broad market movements over time. The Market Neutral Funds theme has 43 constituents at this time.
You can either use a buy-and-hold strategy to lock in the entire theme or actively trade it to take advantage of the short-term price volatility of individual constituents. Macroaxis can help you discover thousands of investment opportunities in different asset classes. In addition, you can partner with us for reliable portfolio optimization as you plan to utilize Market Neutral Funds Theme or any other thematic opportunities.
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Check out First Trust Correlation with its peers. You can also try the AI Portfolio Prophet module to use AI to generate optimal portfolios and find profitable investment opportunities.
Understanding First Trust Bloomberg requires distinguishing between market price and book value, where the latter reflects First's accounting equity. The concept of intrinsic value—what First Trust's is actually worth based on fundamentals—guides informed investors toward better entry and exit points. Seasoned market participants apply comprehensive analytical frameworks to derive fundamental worth and identify mispriced opportunities. Market sentiment, economic cycles, and investor behavior can push First Trust's price substantially above or below its fundamental value.
It's important to distinguish between First Trust's intrinsic value and market price, which are calculated using different methodologies. Investment decisions regarding First Trust should consider multiple factors including financial performance, growth metrics, competitive position, and professional analysis. In contrast, First Trust's trading price reflects the actual exchange value where willing buyers and sellers reach mutual agreement.