First Trust Longshort Etf Price on March 26, 2024
| FTLS Etf | USD 63.19 0.22 0.35% |
Below is the normalized historical share price chart for First Trust LongShort extending back to September 09, 2014. This chart has been adjusted for all splits and dividends and is plotted against all major global economic recessions. As of today, the current price of First Trust stands at 63.19, as last reported on the 27th of June, with the highest price reaching 63.19 and the lowest price hitting 62.92 during the day.
If you're considering investing in First Etf, it is important to understand the factors that can impact its price. Currently, First Trust LongShort is very steady. First Trust LongShort secures Sharpe Ratio (or Efficiency) of 0.0855, which denotes the etf had a 0.0855% return per unit of risk over the last 3 months. We have found thirty technical indicators for First Trust LongShort, which you can use to evaluate the volatility of the entity. Please confirm First Trust's Coefficient Of Variation of 1324.63, downside deviation of 0.6244, and Mean Deviation of 0.4275 to check if the risk estimate we provide is consistent with the expected return of 0.0487%.
First Etf price history is provided at the adjusted basis, taking into account all of the recent filings.
3 y Volatility 9.8 | 200 Day MA 57.9011 | 1 y Volatility 8.3 | 50 Day MA 61.0508 | Inception Date 2014-09-08 |
First |
Sharpe Ratio = 0.0855
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Estimated Market Risk
| 0.57 actual daily | 5 95% of assets are more volatile |
Expected Return
| 0.05 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
| 0.09 actual daily | 6 94% of assets perform better |
Based on monthly moving average First Trust is performing at about 6% of its full potential. If added to a well diversified portfolio the total return can be enhanced and market risk can be reduced. You can increase risk-adjusted return of First Trust by adding it to a well-diversified portfolio.
Average Mkt Cap Mil 106.6 K |
First Trust Valuation on March 26, 2024
It is possible to determine the worth of First Trust on a given historical date. On March 26, 2024 First was worth 61.49 at the beginning of the trading date compared to the closed value of 61.41. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of First Trust etf. Still, in general, we apply an absolute valuation method to find First Trust's value based on its fundamental and technical indicators available within our service. As compared to an absolute model, our relative valuation model uses a comparative analysis of First Trust where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against First Trust's related companies.
| Open | High | Low | Close | Volume | |
| 61.21 | 61.83 | 61.21 | 61.31 | 62,900 | |
03/26/2024 | 61.49 | 61.64 | 61.38 | 61.41 | 124,500 |
| 61.49 | 61.54 | 61.16 | 61.40 | 508,600 |
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First Trust Trading Date Momentum on March 26, 2024
| On March 27 2024 First Trust LongShort was traded for 61.40 at the closing time. The top price for the day was 61.54 and the lowest listed price was 61.16 . The trading volume for the day was 508.6 K. The trading history from March 27, 2024 was a factor to the next trading day price decrease. The overall trading delta against the next closing price was 0.02% . The overall trading delta against the current closing price is 0.60% . |
First Trust LongShort Fundamentals Correlations and Trends
By evaluating First Trust's financials over time, investors can gain insight into future company performance. However, you can also analyze the published financial statements to find patterns among First Trust's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. First financial account trend analysis is a perfect complement when working with valuation or volatility modules.About First Trust Etf history
First Trust investors dedicate a lot of time and effort to gaining insight into how a market's past behavior relates to its future. Access to timely market data for First is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in First Trust LongShort will depend on recognizing future opportunities and eliminating past mistakes. Historical data analysis is the study of market behavior over a given time. Recorded market-related data such as price, volatility, and volume can be quantified and studied over a defined period. Through a detailed examination of a market's past behavior, traders and investors can gain perspective on the inner workings of that market. The information obtained throughout analyzing First Trust stock prices may prove useful in developing a viable investing in First Trust
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