First Trustaberdeen Global Etf Profile
| FAM Etf | USD 6.32 0.03 0.47% |
Performance5 of 100
| Odds Of DistressLess than 31
|
First TrustAberdeen is selling at 6.32 as of the 8th of May 2024; that is -0.47 percent down since the beginning of the trading day. The etf's lowest day price was 6.28. First TrustAberdeen has about a 31 percent probability of financial distress in the next few years of operation and did not have a very good performance during the last 90 trading days. Equity ratings for First TrustAberdeen Global are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 8th of April 2024 and ending today, the 8th of May 2024. Click here to learn more.
First TrustAbrdn Global Opportunity Income Fund is a closed-ended fixed income mutual fund launched and managed by First Trust Advisors L.P. First TrustAberdeen is listed under Asset Management in the United States and is traded on New York Stock Exchange exchange. The company has 10.14 M outstanding shares of which 5.58 K shares are currently shorted by investors with about 0.16 days to cover. More on First TrustAberdeen Global
Moving together with First Etf
| 0.86 | JANT | AIM ETF Products | PairCorr |
| 0.7 | ARB | AltShares Trust | PairCorr |
| 0.75 | XOP | SPDR SP Oil | PairCorr |
| 0.9 | FLOW | Global X Funds | PairCorr |
Moving against First Etf
| 0.63 | VCIF | VCIF Symbol Change | PairCorr |
First Etf Highlights
Most reasonable investors view market volatility as an opportunity to invest at a favorable price or to sell short against a bearish trend. First TrustAberdeen's investment highlights are automatically generated signals that are significant enough to either complement your investing judgment regarding First TrustAberdeen or challenge it. These highlights can help you better understand the position you are entering and avoid costly mistakes.
| Chairman | James Bowen |
| Old Names | [Family Memorials Inc, Family Insights Group Limited] |
| Business Concentration | World Bond, Asset Management, Financial Services (View all Sectors) |
| Update Date | 31st of March 2024 |
| Nav | 6.65 |
| Prev Close Price | 6.43 |
| Country Name | USA |
| Code | FAM |
| I S I N | US3373191077 |
| Name | First Trustabrdn Global Opportunity Income Fund |
| Currency Name | US Dollar |
| Currency Code | USD |
| Open Figi | BBG000PSM933 |
| Type | FUND |
| Expense Ratio | 1.21 |
First TrustAberdeen Global [FAM] is traded in USA and was established 2004-11-23. The fund is not classified under any group at the present time. First TrustAberdeen currently have in assets under management (AUM). The fund is currently generating return of 0.46% with the current yeild of 0.01%, while the total return for the last 3 years was -5.35%.
First TrustAberdeen Global has about 1.83 M in cash with 18.72 M of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 0.18.
Check First TrustAberdeen Probability Of Bankruptcy
First TrustAberdeen Target Price Odds Analysis
Contingent on a normal probability distribution, the odds of First TrustAberdeen jumping above the current price in 90 days from now is about 40.13%. The First TrustAberdeen Global probability density function shows the probability of First TrustAberdeen etf to fall within a particular range of prices over 90 days. Considering the 90-day investment horizon First TrustAberdeen has a beta of 0.628. This usually indicates as returns on the market go up, First TrustAberdeen average returns are expected to increase less than the benchmark. However, during the bear market, the loss on holding First TrustAberdeen Global will be expected to be much smaller as well. Additionally, first TrustAberdeen Global has an alpha of 7.0E-4, implying that it can generate a 6.72E-4 percent excess return over NYSE Composite after adjusting for the inherited market risk (beta).
Based on a normal probability distribution, the odds of First TrustAberdeen to move above the current price in 90 days from now is about 40.13 (This First TrustAberdeen Global probability density function shows the probability of First Etf to fall within a particular range of prices over 90 days) .
First TrustAberdeen Risk Profiles
Investors will always prefer to have the highest possible return on investment while minimizing volatility. First TrustAberdeen market risk premium is the additional return an investor will receive from holding First TrustAberdeen long position in a well-diversified portfolio. The market premium is part of the Capital Asset Pricing Model (CAPM), which most analysts and investors use to calculate the acceptable rate of return on investment in First TrustAberdeen. At the center of the CAPM is the concept of risk and reward, which is usually communicated by investors using alpha and beta measures. Although First TrustAberdeen's alpha and beta are two of the key measurements used to evaluate First TrustAberdeen's performance over the market, the standard measures of volatility play an important role as well.
| Risk Adjusted Performance | 0.0464 | |||
| Jensen Alpha | 7.0E-4 | |||
| Total Risk Alpha | (0.04) | |||
| Sortino Ratio | (0.03) |
First TrustAberdeen Against Markets
Picking the right benchmark for First TrustAberdeen etf is fundamental to making educated investment choices. Many naive investors compare their positions with the S&P 500 or with the Nasdaq. But these benchmarks are not all-inclusive and generally should be used only for large-capitalization equities or stock offerings from large companies. When the price of a selected benchmark declines in a down market, there may be an uptick in First TrustAberdeen etf price where buyers come in believing the asset is cheap. The opposite is true when the market is bullish; so, accurately picking the benchmark for First TrustAberdeen is critical whether you are bullish or bearish towards First TrustAberdeen Global at a given time. Please also check how First TrustAberdeen's historical prices are related to one of the top price index indicators.
Be your own money manager
Our tools can tell you how much better you can do entering a position in First TrustAberdeen without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.Did you try this?
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How to buy First Etf?
Before investing in First TrustAberdeen, you must ensure you fully understand your financial goals and how diversified (or not) your overall investments are now. Then, after you clearly understand your investment objectives, consider investing in First TrustAberdeen. To buy First TrustAberdeen etf, you can follow these steps:- Choose a brokerage firm: You need to select a brokerage firm to buy shares of First TrustAberdeen. Some popular options include Charles Schwab, Fidelity, TD Ameritrade, and Robinhood.
- Open an account: Once you have chosen a brokerage firm, you will need to open an account. You will be required to provide personal information, such as your name, address, and Social Security number.
- Fund your account: You will need to deposit funds into your brokerage account to purchase First TrustAberdeen etf. You can do this by transferring funds from your bank account or other investment accounts.
- Place your order: Once you have located First TrustAberdeen Global etf in your brokerage account, you can place your order to buy it. You will need to specify the number of shares you want to buy and the price you are willing to pay.
- Monitor your investment: After you have purchased First TrustAberdeen Global etf, you should monitor your investment to track its performance and make informed decisions about buying, selling, or holding the etf
It's important to note that investing in stocks, such as First TrustAberdeen Global, carries risks, and you should carefully consider your investment goals and risk tolerance before making any investment decisions. Also, remember various factors, including economic indicators, change in net worth, political events, company-specific news, and investor sentiment, can influence the stock market. These factors can cause fluctuations in etf prices and lead to market volatility affecting your buy or sell decision. However, volatility can also present opportunities for investors to make gains by buying stocks when prices are low and selling when they are high. It's important for investors to have a long-term perspective and a well-diversified portfolio to manage the impact of stock market volatility on their investments.
Already Invested in First TrustAberdeen Global?
The danger of trading First TrustAberdeen Global is mainly related to its market volatility and ETF specific events. As an investor, you must understand the concept of risk-adjusted return before you start trading. The most common way to measure the risk of First TrustAberdeen is by using the Sharpe ratio. The ratio expresses how much excess return you acquire for the extra volatility you endure for holding a more risker asset than First TrustAberdeen. The Sharpe ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile First TrustAberdeen is, you must compare it to a benchmark. Traditionally, the risk-free rate of return is the rate of return on the shortest-dated U.S. Treasury, such as a 3-year bond.
Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in First TrustAberdeen Global. Also, note that the market value of any etf could be tightly coupled with the direction of predictive economic indicators such as signals in nation. Note that the First TrustAberdeen information on this page should be used as a complementary analysis to other First TrustAberdeen's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Equity Forecasting module to use basic forecasting models to generate price predictions and determine price momentum.
The market value of First TrustAberdeen 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 TrustAberdeen's value that differs from its market value or its book value, called intrinsic value, which is First TrustAberdeen'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 TrustAberdeen's market value can be influenced by many factors that don't directly affect First TrustAberdeen'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 TrustAberdeen's value and its price as these two are different measures arrived at by different means. Investors typically determine if First TrustAberdeen is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, First TrustAberdeen'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.