First Trust Correlations

Summary

RNSCDelisted Etf

USD 28.27 0.11 0.39%

The current 90-days correlation between First Trust Small and First Trust Mid is -0.02 (i.e., Good diversification). 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 correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.

First Trust Correlation With Market

Significant diversification

The correlation between First Trust Small and DJI is 0.02 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding First Trust Small and DJI in the same portfolio, assuming nothing else is changed.

Check out Your Equity Center to better understand how to build diversified portfolios. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in state.

Moving against First Etf

0.87	NFLX	Netflix Downward Rally	Pair Corr
0.85	QTJA	Innovator ETFs Trust	Pair Corr
0.85	QTOC	Innovator ETFs Trust	Pair Corr
0.85	QTAP	Innovator Growth 100	Pair Corr
0.84	XTOC	Innovator ETFs Trust	Pair Corr
0.84	XTJA	Innovator ETFs Trust	Pair Corr
0.84	XTAP	Innovator Equity Acc	Pair Corr
0.84	CGGO	Capital Group Global	Pair Corr
0.84	BUFD	FT Cboe Vest	Pair Corr
0.84	PFUT	Putnam Sustainable Future	Pair Corr
0.84	SRLN	SPDR Blackstone Senior	Pair Corr
0.83	CALF	Pacer Small Cap	Pair Corr
0.82	UPRO	ProShares UltraPro SP500	Pair Corr
0.8	VABS	Virtus Newfleet ABSMBS	Pair Corr
0.79	VBR	Vanguard Small Cap	Pair Corr
0.79	IJJ	iShares SP Mid	Pair Corr
0.79	DFAT	Dimensional Targeted	Pair Corr
0.79	AVUV	Avantis Small Cap	Pair Corr
0.79	MDYV	SPDR SP 400	Pair Corr
0.77	SPIB	SPDR Barclays Interm	Pair Corr
0.76	IJS	iShares SP Small	Pair Corr
0.76	SLYV	SPDR SP 600	Pair Corr
0.76	VBF	Invesco Van Kampen	Pair Corr
0.75	IWN	iShares Russell 2000	Pair Corr
0.73	DES	WisdomTree SmallCap	Pair Corr
0.64	HIDE	Alpha Architect High	Pair Corr
0.63	KWEB	KraneShares CSI China Aggressive Push	Pair Corr
0.59	EUSB	iShares Trust	Pair Corr
0.58	KGRN	KraneShares MSCI China	Pair Corr

Related Correlations Analysis

	RNMC	RNLC	RNDV	RNDM	RNEM
RNMC		0.0	0.93	0.0	0.92	RNMC
RNLC	0.0		0.0	0.0	0.0	RNLC
RNDV	0.93	0.0		0.0	0.94	RNDV
RNDM	0.0	0.0	0.0		0.0	RNDM
RNEM	0.92	0.0	0.94	0.0		RNEM
	RNMC	RNLC	RNDV	RNDM	RNEM

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Correlation Matchups

Over a given time period, the two securities move together when the Correlation Coefficient is positive. Conversely, the two assets move in opposite directions when the Correlation Coefficient is negative. Determining your positions' relationship to each other is valuable for analyzing and projecting your portfolio's future expected return and risk.

High positive correlations

RNEM	+ 0.94	RNDV
RNDV	+ 0.93	RNMC
RNEM	+ 0.92	RNMC
RNLC	+ 0.0	RNMC
RNDM	+ 0.0	RNMC
RNDV	+ 0.0	RNLC

High negative correlations

RNEM	- 0.0	RNDM
RNDM	- 0.0	RNDV
RNEM	- 0.0	RNLC
RNDM	- 0.0	RNLC
RNDV	- 0.0	RNLC
RNDM	- 0.0	RNMC

First Trust Constituents Risk-Adjusted Indicators

There is a big difference between First Etf performing well and First Trust ETF doing well as a business compared to the competition. There are so many exceptions to the norm that investors cannot definitively determine what's good or bad unless they analyze First Trust's multiple risk-adjusted performance indicators across the competitive landscape. These indicators are quantitative in nature and help investors forecast volatility and risk-adjusted expected returns across various positions.

	Mean Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
RNMC	0.80	(0.01)	(0.01)	0.12	0.83	(0.88)	2.21	(1.99)	4.87
RNLC	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
RNDV	0.77	0.09	0.09	0.22	0.67	(0.90)	2.09	(1.52)	5.72
RNDM	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
RNEM	0.66	0.11	0.00	0.60	0.78	(0.71)	1.47	(1.07)	7.60

Delisting Warning - RNSC

First Trust Small was delisted

The entity First Trust Small with a symbol RNSC was delisted from NASDAQ Exchange. Please try First Trust SMID with a symbol FSGS from now on. Check all delisted instruments accross multiple markets.

Still Interested in First Trust Small?

Investing in delisted delisted etfs can be risky, as the etf is no longer traded on a public exchange and can therefore be difficult to sell. Delisting typically occurs when a company has failed to meet exchange requirements or has been acquired. Before investing, it's important to thoroughly research the company, including its financial health and prospects for the future, as well as the reasons for its delisting. Additionally, it may be difficult to find accurate and up-to-date information on the company and its stock.

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