First Trust Correlations

FEMB Etf

USD 27.86 0.12 0.43%

The current 90-days correlation between First Trust Emerging and First Trust SSI is 0.26 (i.e., Modest diversification). 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 correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.

First Trust Correlation With Market

Average diversification

The correlation between First Trust Emerging and DJI is 0.11 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding First Trust Emerging and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with First Etf

Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in First Trust Emerging. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in population.

Moving together with First Etf

0.95	LEMB	iShares JP Morgan	Pair Corr
0.68	CBON	VanEck China Bond	Pair Corr
0.95	CEW	WisdomTree Emerging	Pair Corr
0.76	VEA	Vanguard FTSE Developed	Pair Corr
0.76	IDEV	iShares Core MSCI	Pair Corr
0.9	MFDX	PIMCO RAFI Dynamic	Pair Corr
0.71	SGOV	iShares 0 3	Pair Corr
0.79	TBLU	Tortoise Global Water Symbol Change	Pair Corr
0.76	ESGD	iShares ESG Aware	Pair Corr
0.75	TRV	The Travelers Companies	Pair Corr

Moving against First Etf

0.47	AA	Alcoa Corp	Pair Corr
0.42	HD	Home Depot Earnings Call Tomorrow	Pair Corr
0.42	CVX	Chevron Corp	Pair Corr
0.41	PG	Procter Gamble	Pair Corr
0.37	HPQ	HP Inc	Pair Corr
0.31	DD	Dupont De Nemours	Pair Corr

Related Correlations Analysis

	FCVT	FTHI	FMB	HYLS	FTSL
FCVT		0.97	0.64	0.77	0.7	FCVT
FTHI	0.97		0.7	0.78	0.68	FTHI
FMB	0.64	0.7		0.53	0.3	FMB
HYLS	0.77	0.78	0.53		0.9	HYLS
FTSL	0.7	0.68	0.3	0.9		FTSL
	FCVT	FTHI	FMB	HYLS	FTSL

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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
FCVT	0.83	0.00	0.00	(0.13)	0.00	0.00	1.54	(1.65)	5.50
FTHI	1.02	0.04	0.00	(0.08)	0.00	0.00	1.95	(2.62)	11.29
FMB	0.25	(0.04)	0.00	(7.13)	0.00	0.00	0.41	(0.57)	2.58
HYLS	0.30	0.02	0.25	(0.04)	0.44	(0.33)	0.59	(0.93)	2.77
FTSL	0.14	0.02	0.33	0.00	0.31	(0.17)	0.29	(0.22)	1.93

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