Etienne Grima - First Trust CEO, Corporate Secretary, Director
| EKG Etf | USD 15.98 0.02 0.13% |
Mr. Etienne Grima is Chief Executive Officer Corporationrationrate Secretary Director of the Company. He brings almost 20 years of wide ranging experience to the Board such as basic and clinical administration business development and a dedication to corporate governance. Mr. Grima is a cofounder of the Canadian Heart Research Centre where he acts as COO and CFO. Prior to cofounding the CHRC Mr. Grima managed the St. Michael Hospital Health Sciences Research Centre which is comprised of 120 research members and over 100 research staff. During his tenure he developed a detailed understanding and methodology of the performance of clinical research within a hospital environment and became a member and Accredited Health Science Executive of the Canadian College of Health Service Executives.
| Tenure | 14 years |
| Issuer | First Trust |
| Inception Date | 2022-03-22 |
| Benchmark | Nasdaq Lux Health Tech Index |
| Entity Type | Regulated Investment Company |
| Asset Under Management | 2.35 Million |
| Asset Type | Equity |
| Category | Strategy |
| Focus | Theme |
| Market Concentration | Blended Development |
| Region | Global |
First Trust Nasdaq Money Managers
| Etienne Grima, CEO, Corporate Secretary, Director | ||
| William Smith, Independent Director | ||
| Robert Caines, Director | ||
| Yury Levin, Independent Director | ||
| David Newman, Independent Director | ||
| Simi Grosman, Director | ||
| Anatoly Langer, Chairman of the Board | ||
| John Overall, CFO | ||
| Margaret Helms, Director | ||
| Wendy Hsieh, CFO |
First Etf Performance Indicators
The ability to make a profit is the ultimate goal of any investor. But to identify the right etf is not an easy task. Is First Trust a good investment? Although profit is still the single most important financial element of any organization, multiple performance indicators can help investors identify the equity that they will appreciate over time.
| Total Asset | 708.37 K | |||
| One Year Return | (7.00) % | |||
| Net Asset | 708.37 K | |||
| Equity Positions Weight | 99.89 % |
Pair Trading with First Trust
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if First Trust position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in First Trust will appreciate offsetting losses from the drop in the long position's value.Moving together with First Etf
| 0.68 | XLV | Health Care Select Sell-off Trend | PairCorr |
| 0.66 | VHT | Vanguard Health Care | PairCorr |
| 0.83 | IHI | iShares Medical Devices | PairCorr |
The ability to find closely correlated positions to First Trust could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace First Trust when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back First Trust - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling First Trust Nasdaq to buy it.
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 perfect positive correlation (i.e., a correlation coefficient of +1) implies that as First Trust moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if First Trust Nasdaq moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for First Trust can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in First Trust Nasdaq. Also, note that the market value of any etf could be tightly coupled with the direction of predictive economic indicators such as signals in industry. You can also try the Portfolio Comparator module to compare the composition, asset allocations and performance of any two portfolios in your account.
The market value of First Trust Nasdaq 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.