Alger 35 Competition
| ATFV Etf | USD 33.49 1.12 3.46% |
Alger 35 vs Pacer Swan Correlation
Very weak diversification
The correlation between Alger 35 ETF and PSCJ is 0.45 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Alger 35 ETF and PSCJ in the same portfolio, assuming nothing else is changed.
Moving together with Alger Etf
Alger 35 Competition Correlation Matrix
Typically, diversification allows investors to combine positions across different asset classes to reduce overall portfolio risk. Correlation between Alger 35 and its competitors represents the degree of relationship between the price movements of corresponding etfs. A correlation of about +1.0 implies that the price of Alger and its corresponding peer move in tandem. A correlation of -1.0 means that prices move in opposite directions. A correlation of close to zero suggests that the price movements of assets are uncorrelated; in other words, the historical price movement of Alger 35 ETF does not affect the price movement of the other competitor.
Alger 35 Constituents Risk-Adjusted Indicators
There is a big difference between Alger Etf performing well and Alger 35 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 Alger 35'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| TLCI | 0.58 | (0.01) | (0.05) | 0.06 | 0.66 | 1.30 | 3.18 | |||
| EDGU | 0.60 | (0.05) | (0.06) | 0.03 | 0.83 | 1.18 | 3.35 | |||
| REIT | 0.50 | 0.05 | (0.04) | (13.77) | 0.64 | 1.31 | 2.76 | |||
| QXQ | 0.82 | (0.07) | 0.00 | (42.52) | 0.00 | 1.36 | 4.87 | |||
| CVRD | 0.47 | 0.01 | (0.03) | 0.11 | 0.46 | 0.95 | 2.98 | |||
| XMAG | 0.55 | 0.03 | (0.08) | (0.58) | 0.63 | 1.03 | 2.79 | |||
| APRT | 0.15 | 0.02 | (0.24) | (2.57) | 0.12 | 0.38 | 1.19 | |||
| NXTE | 1.11 | (0.03) | (0.02) | 0.05 | 1.37 | 2.09 | 6.17 | |||
| ASIA | 0.77 | 0.06 | (0.01) | 0.61 | 0.85 | 1.91 | 4.61 | |||
| PSCJ | 0.20 | 0.00 | (0.21) | 0.06 | 0.21 | 0.50 | 1.57 |
Alger 35 Competitive Analysis
The better you understand Alger 35 competitors, the better chance you have of utilizing it as a position in your portfolios. From an individual investor's perspective, Alger 35's competitive analysis can cover a whole range of metrics. Some of these will be more critical depending on who you are as an investor and how you react to market volatility. However, if you are locking your investment sandscape to a long-term horizon, comparing the fundamental indicator across Alger 35's competition over several years is one of the best ways to analyze its investment potential.| Better Than Average | Worse Than Peers | View Performance Chart |
Alger 35 Competition Performance Charts
Five steps to successful analysis of Alger 35 Competition
Alger 35's competitive analysis is the process of researching and evaluating its competitive landscape. It provides an understanding of the strengths, weaknesses, opportunities, and threats (SWOT) faced by Alger 35 ETF in relation to its competition. Alger 35's competition analysis typically involves several steps, including:- Identifying the key players in the market: This involves identifying the major competitors of Alger 35 in the market, both direct and indirect, as well as new entrants and disruptive technologies.
- Assessing the strengths and weaknesses of each competitor: This involves evaluating each competitor's strengths and weaknesses in areas such as product offerings, market share, brand recognition, financial performance, and distribution channels.
- Understanding the competitive environment: This involves evaluating the regulatory environment, economic conditions, and other factors that may impact Alger 35's competitive landscape.
- Identifying opportunities and threats: This involves using the information gathered during the analysis to identify opportunities and threats to Alger 35 ETF, and developing a strategy to address them.
- Evaluating the competitive landscape: This involves understanding the competitive dynamics of the market, such as pricing, marketing, and distribution strategies, as well as analyzing the competitive advantage of each competitor.
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Check out Alger 35 Correlation with its peers. You can also try the Positions Ratings module to determine portfolio positions ratings based on digital equity recommendations. Macroaxis instant position ratings are based on combination of fundamental analysis and risk-adjusted market performance.
Investors evaluate Alger 35 ETF using market value (trading price) and book value (balance sheet equity), each telling a different story. Calculating Alger 35's intrinsic value - the estimated true worth - helps identify when the stock trades at a discount or premium to fair value. Investment professionals apply varied valuation frameworks to compute inherent worth and acquire positions when market prices trade at discounts to calculated value. External factors like market trends, sector rotation, and investor psychology can cause Alger 35's market price to deviate significantly from intrinsic value.
Understanding that Alger 35's value differs from its trading price is crucial, as each reflects different aspects of the company. Evaluating whether Alger 35 represents a sound investment requires analyzing earnings trends, revenue growth, technical signals, industry dynamics, and expert forecasts. Conversely, Alger 35's market price signifies the transaction level at which participants voluntarily complete trades.