First Trust Dynamic Europe Equityome Fund (First Trust Dynamic Europe Equityome Fund) GF Value Rank : 0 (As of May. 12, 2024)

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What is First Trust Dynamic Europe Equityome Fund GF Value Rank?

First Trust Dynamic Europe Equityome Fund has the GF Value Rank of 0.

The GF Value Rank is determined by the price-to-GF-Value (P/GF Value) ratio, a proprietary metric calculated based on historical multiples along with an adjustment factor based on a company's past returns and growth and future estimates of the business' performance.

GuruFocus found that for valuation, we cannot simply give stocks a better GF Value rank simply because they have a lower P/GF Value ratio. Backtesting shows that over the long term, the two worst-performing groups are the most expensive group (with the highest P/GF Value ratio) and the least expensive group (with the lowest P/GF Value ratio).

We can understand why the most expensive group underperforms. We were initially puzzled by the underperformance of the least expensive group, but we realized there is a reason why some stocks are super cheap. If they look too undervalued, it is often because the businesses behind them are poor quality. The market realized this and gave them low valuations. In a way, the market is efficient.

After multiple backtesting analyses, we granted the stocks in third-cheapest percentile the highest GF Value rank, as they have performed the best over a full market cycle. Stock performance is actually not as sensitive to valuation as it is to growth and profitability. On average, the companies in the 20%-50% valuation groups have similar performances. Therefore, we should avoid the most expensive and the least expensive stocks. We can be more tolerant of valuation.

Please click GF Score to see more details on the GF Score's 5 Key Aspects of Analysis.

First Trust Dynamic Europe Equityome Fund GF Value Rank Related Terms

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First Trust Dynamic Europe Equityome Fund (First Trust Dynamic Europe Equityome Fund) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » First Trust Dynamic Europe Equity Income Fund (NYSE:FDEU) » Definitions » GF Value Rank

Comparable Companies

Traded in Other Exchanges

N/A

Address

120 East Liberty Drive, Suite 400, Wheaton, IL, USA, 60187

Website

http://www.ftportfolios.com

First Trust Dynamic Europe Equity Income Fund is a non-diversified, closed-end management investment company. The fund's investment objective is to provide a high level of current income with a secondary focus on capital appreciation. The fund pursues its objective by investing a majority of its managed assets in a portfolio of equity securities of European companies of any market capitalization including common and preferred stocks that pay dividends, depositary receipts, and real estate investment trusts.

Executives

M Keefe Denise	director	C/O FIRST TRUST ADVISORS L.P., 120 EAST LIBERTY DRIVE, SUITE 400, WHEATON IL 60187
James A Bowen	director, other: Officer - Investment Advisor	C/O FIRST TRUST ADVISORS LP, 120 EAST LIBERTY DRIVE, SUITE 400, WHEATON IL 60187
Kelly Catherine Dehler	other: Officer - Investment Advisor	C/O FIRST TRUST ADVISORS L.P., 120 EAST LIBERTY DRIVE, SUITE 400, WHEATON IL 60187
Faizan Baig	other: Portfolio Mgr. Sub-Advisor	C/O JANUS CAPITAL MANAGEMENT LLC, 151 DETROIT STREET, DENVER CO 80206
Scott Michael Friske	other: Officer - Investment Advisor	FIRST TRUST ADVISORS L.P., 120 EAST LIBERTY DRIVE, SUITE 400, WHEATON IL 60187
Daniel J Lindquist	officer: Vice President	C/O FIRST TRUST ADVISORS L.P., 120 EAST LIBERTY DRIVE, SUITE 400, WHEATON IL 60187
Robert F Keith	director	C/O FIRST TRUST ADVISORS L.P., 120 EAST LIBERTY DRIVE, SUITE 400, WHEATON IL 60187
Niel B Nielson	director	400 BIRMINGHAM HIGHWAY, CHATTANOOGA TN 37419
Janus Capital Management Llc	other: Investment Sub-Advisor	151 DETROIT ST., DENVER CO 80206-4805
Ben Lofthouse	other: Portfolio Mgr. Sub-Sub-Advisor	C/O HENDERSON GLOBAL INVESTORS, 737 N. MICHIGAN AVENUE, CHICAGO IL 60611
Donald Swade	officer: Treasurer and CFO	C/O FIRST TRUST ADVISORS L.P., 120 EAST LIBERTY DRIVE, SUITE 400, WHEATON IL 60187
Christopher Yarbrough	other: Officer - Sub-Advisor	C/O HENDERSON GLOBAL INVESTORS, 737 N MICHIGAN AVE STE 1700, CHICAGO IL 60611
Charles Spurgeon Thompson	other: Officer - Sub-Advisor	C/O HENDERSON GLOBAL INVESTORS INC., 737 N. MICHIGAN AVE., CHICAGO IL 60611
James G Obrien	other: Officer - Sub-Advisor	C/O HENDERSON GLOBAL INVESTORS, 737 N. MICHIGAN AVENUE, CHICAGO IL 60611
Scott Volk	other: Officer - Sub-Advisor	C/O HENDERSON GLOBAL INVESTORS, 737 N. MICHIGAN AVENUE, CHICAGO IL 60611