First Trust Health Etf Price on December 5, 2023
| FXH Etf | USD 104.37 0.44 0.42% |
Below is the normalized historical share price chart for First Trust Health extending back to May 10, 2007. 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 104.37, as last reported on the 4th of May, with the highest price reaching 104.37 and the lowest price hitting 104.37 during the day.
If you're considering investing in First Etf, it is important to understand the factors that can impact its price. We consider First Trust very steady. First Trust Health secures Sharpe Ratio (or Efficiency) of 0.0404, which denotes the etf had a 0.0404% return per unit of risk over the last 3 months. We have found twenty-seven technical indicators for First Trust Health, which you can use to evaluate the volatility of the entity. Please confirm First Trust's Mean Deviation of 0.6379, downside deviation of 0.8412, and Coefficient Of Variation of 6284.97 to check if the risk estimate we provide is consistent with the expected return of 0.0325%.
First Etf price history is provided at the adjusted basis, taking into account all of the recent filings.
3 y Volatility 16.95 | 200 Day MA 101.9294 | 1 y Volatility 18.77 | 50 Day MA 106.347 | Inception Date 2007-05-08 |
First |
Sharpe Ratio = 0.0404
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| Cash | Small Risk | Average Risk | High Risk | Huge Risk |
| Negative Returns | FXH |
Estimated Market Risk
| 0.81 actual daily | 7 93% of assets are more volatile |
Expected Return
| 0.03 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
| 0.04 actual daily | 3 97% of assets perform better |
Based on monthly moving average First Trust is performing at about 3% 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 21.5 K |
First Trust Valuation on December 5, 2023
It is possible to determine the worth of First Trust on a given historical date. On December 5, 2023 First was worth 97.62 at the beginning of the trading date compared to the closed value of 96.94. 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 | |
| 97.30 | 98.10 | 97.25 | 97.72 | 31,995 | |
12/05/2023 | 97.62 | 97.65 | 96.94 | 96.94 | 32,949 |
| 97.47 | 97.89 | 96.95 | 97.03 | 44,284 |
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First Trust Trading Date Momentum on December 5, 2023
| On December 06 2023 First Trust Health was traded for 97.03 at the closing time. Highest First Trust's price during the trading hours was 97.89 and the lowest price during the day was 96.95 . The net volume was 44.3 K. The overall trading history on the 6th of December contributed to the next trading period price growth. The overall trading delta to the next next day price was 0.09% . The overall trading delta to current price is 5.65% . |
First Trust Health 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 Health 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
First Trust Etf Technical Analysis
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.
Price Boundaries
First Trust Period Price Range
Low | December 5, 2023
| High |
97.62 | 96.94 |
First Trust May 4, 2024 Market Strength
Market strength indicators help investors to evaluate how First Trust etf reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading First Trust shares will generate the highest return on investment. By undertsting and applying First Trust etf market strength indicators, traders can identify First Trust Health entry and exit signals to maximize returns
| Accumulation Distribution | 239.57 | |||
| Daily Balance Of Power | (0.96) | |||
| Rate Of Daily Change | 0.99 | |||
| Day Median Price | 97.3 | |||
| Day Typical Price | 97.18 | |||
| Price Action Indicator | (0.70) | |||
| Period Momentum Indicator | 7.43 |
First Trust Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for First Trust's price direction in advance. Along with the technical and fundamental analysis of First Etf historical price patterns, it is also worthwhile for investors to track various predictive indicators of First to make sure they correctly time the market and exploit it's hidden potentials. Even though most predictive indicators are useful for the short-term horizon, it's virtually impossible to predict the unforeseen market. For traders with a short-term horizon, predictive indicators add value when properly applied. Long-term investors, however, may find many predictive indicators less useful.
| Risk Adjusted Performance | 0.0123 | |||
| Jensen Alpha | (0.04) | |||
| Total Risk Alpha | (0.05) | |||
| Sortino Ratio | (0.05) | |||
| Treynor Ratio | 0.0028 |
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Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in First Trust Health. Also, note that the market value of any etf could be tightly coupled with the direction of predictive economic indicators such as signals in interest. You can also try the Money Flow Index module to determine momentum by analyzing Money Flow Index and other technical indicators.
The market value of First Trust Health 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.