FTA Stock Summary and Trading Ideas (First Trust Large Cap Value Alphadex | NASDAQ:FTA)

The Fund will seek investment results that correspond generally to the price and yield (before the Funds fees and expenses) of an equity index called the NASDAQ AlphaDEX Large Cap Value Index. The Index is a modified equal dollar-weighted index developed and maintained by The NASDAQ OMX Group, Inc. that is designed to generate positive alpha relative to traditional passive-style indices through the use of the AlphaDEX selection methodology. The Index is created and administered by Nasdaq, Inc. which employs the AlphaDEX stock selection methodology to select stocks from the NASDAQ US 500 Large Cap Value Index that meet certain criteria. Nasdaq constructs the NASDAQ AlphaDEX Large Cap Value Index by ranking the top 187 eligible stocks from the NASDAQ US 500 Large Cap Index on growth factors including 3-, 6- and 12- month price appreciation, sales to price and one year sales growth, and separately on value factors including book value to price, cash flow to price and return on assets. The selected stocks are divided into quintiles based on their rankings and the top ranked quintiles receive a higher weight within the index. The stocks are equally-weighted within each quintile. The index is reconstituted and rebalanced quarterly.

First Trust Large Cap Value Alphadex trades on the NASDAQ stock market under the symbol FTA.

As of April 19, 2024, FTA stock price climbed to $73.56 with 82,639 million shares trading.

FTA has a beta of 0.88, meaning it tends to be less sensitive to market movements. FTA has a correlation of 0.54 to the broad based SPY ETF.

FTA has a market cap of $1.18 billion. This is considered a Small Cap stock.

In the last 3 years, FTA stock traded as high as $76.51 and as low as $57.18.

FTA stock has underperformed the market in the last year with a return of +12.1%, while SPY returned +21.2%. This shows that you would have done better investing in the overall market (through SPY) over the last year than in FTA shares. However, FTA has outperformed the market in the last 3 month and 2 week periods, returning +7.0% and -2.2%, while SPY returned +4.3% and -3.5%, respectively. This indicates FTA has been having a stronger performance recently.

FTA support price is $72.15 and resistance is $73.41 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that FTA stock will trade within this expected range on the day.