First Trust Smid Etf Market Value
| FSGS Etf | 31.54 0.15 0.47% |
| Symbol | First |
The market value of First Trust SMID is measured differently than its book value, which is the value of First that is recorded on the company's balance sheet. Investors also form their own opinion of First Trust's value that differs from its market value or its book value, called intrinsic value, which is First Trust's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because First Trust's market value can be influenced by many factors that don't directly affect First Trust's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between First Trust's value and its price as these two are different measures arrived at by different means. Investors typically determine if First Trust is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, First Trust's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.
First Trust 'What if' Analysis
In the world of financial modeling, what-if analysis is part of sensitivity analysis performed to test how changes in assumptions impact individual outputs in a model. When applied to First Trust's etf what-if analysis refers to the analyzing how the change in your past investing horizon will affect the profitability against the current market value of First Trust.
| 10/28/2025 |
| 01/26/2026 |
If you would invest 0.00 in First Trust on October 28, 2025 and sell it all today you would earn a total of 0.00 from holding First Trust SMID or generate 0.0% return on investment in First Trust over 90 days. First Trust is related to or competes with First Trust, WBI BullBear, ProShares Ultra, Strategy Shares, Nushares ETF, Global X, and JP Morgan. First Trust is entity of United States. It is traded as Etf on NASDAQ exchange. More
First Trust Upside/Downside Indicators
Understanding different market momentum indicators often help investors to time their next move. Potential upside and downside technical ratios enable traders to measure First Trust's etf current market value against overall market sentiment and can be a good tool during both bulling and bearish trends. Here we outline some of the essential indicators to assess First Trust SMID upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.9409 | |||
| Information Ratio | (0.05) | |||
| Maximum Drawdown | 3.7 | |||
| Value At Risk | (1.69) | |||
| Potential Upside | 1.56 |
First Trust Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for First Trust's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as First Trust's standard deviation. In reality, there are many statistical measures that can use First Trust historical prices to predict the future First Trust's volatility.| Risk Adjusted Performance | 0.0294 | |||
| Jensen Alpha | (0.04) | |||
| Total Risk Alpha | (0.06) | |||
| Sortino Ratio | (0.05) | |||
| Treynor Ratio | 0.0241 |
First Trust January 26, 2026 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 | 0.0294 | |||
| Market Risk Adjusted Performance | 0.0341 | |||
| Mean Deviation | 0.7035 | |||
| Semi Deviation | 0.8906 | |||
| Downside Deviation | 0.9409 | |||
| Coefficient Of Variation | 2658.29 | |||
| Standard Deviation | 0.9025 | |||
| Variance | 0.8146 | |||
| Information Ratio | (0.05) | |||
| Jensen Alpha | (0.04) | |||
| Total Risk Alpha | (0.06) | |||
| Sortino Ratio | (0.05) | |||
| Treynor Ratio | 0.0241 | |||
| Maximum Drawdown | 3.7 | |||
| Value At Risk | (1.69) | |||
| Potential Upside | 1.56 | |||
| Downside Variance | 0.8853 | |||
| Semi Variance | 0.7932 | |||
| Expected Short fall | (0.70) | |||
| Skewness | (0.01) | |||
| Kurtosis | 0.1138 |
First Trust SMID Backtested Returns
Currently, First Trust SMID is very steady. First Trust SMID secures Sharpe Ratio (or Efficiency) of 0.0338, which denotes the etf had a 0.0338 % return per unit of risk over the last 3 months. We have found thirty technical indicators for First Trust SMID, which you can use to evaluate the volatility of the entity. Please confirm First Trust's Downside Deviation of 0.9409, mean deviation of 0.7035, and Coefficient Of Variation of 2658.29 to check if the risk estimate we provide is consistent with the expected return of 0.0306%. The etf shows a Beta (market volatility) of 0.99, which means possible diversification benefits within a given portfolio. First Trust returns are very sensitive to returns on the market. As the market goes up or down, First Trust is expected to follow.
Auto-correlation | 0.11 |
Insignificant predictability
First Trust SMID has insignificant predictability. Overlapping area represents the amount of predictability between First Trust time series from 28th of October 2025 to 12th of December 2025 and 12th of December 2025 to 26th of January 2026. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of First Trust SMID price movement. The serial correlation of 0.11 indicates that less than 11.0% of current First Trust price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.11 | |
| Spearman Rank Test | 0.14 | |
| Residual Average | 0.0 | |
| Price Variance | 0.18 |
Thematic Opportunities
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Check out First Trust Correlation, First Trust Volatility and First Trust Alpha and Beta module to complement your research on First Trust. You can also try the Theme Ratings module to determine theme ratings based on digital equity recommendations. Macroaxis theme ratings are based on combination of fundamental analysis and risk-adjusted market performance.
First Trust technical etf analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, etf market cycles, or different charting patterns.