Alger ETF Financial Statements From 2010 to 2026
| CNEQ Etf | 34.72 0.41 1.17% |
Check Alger ETF financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among Alger ETF's main balance sheet or income statement drivers, such as , as well as many indicators such as . Alger financial statements analysis is a perfect complement when working with Alger ETF Valuation or Volatility modules.
This module can also supplement various Alger ETF Technical models . Check out the analysis of Alger ETF Correlation against competitors. Pair Trading with Alger ETF
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Alger ETF position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Alger ETF will appreciate offsetting losses from the drop in the long position's value.Moving together with Alger Etf
| 0.84 | VUG | Vanguard Growth Index | PairCorr |
| 0.79 | IWF | iShares Russell 1000 | PairCorr |
| 0.92 | IVW | iShares SP 500 | PairCorr |
| 0.89 | SPYG | SPDR Portfolio SP | PairCorr |
| 0.91 | IUSG | iShares Core SP | PairCorr |
The ability to find closely correlated positions to Alger ETF could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Alger ETF when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Alger ETF - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling The Alger ETF to buy it.
The correlation of Alger ETF 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 perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Alger ETF moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Alger ETF moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Alger ETF can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Check out the analysis of Alger ETF Correlation against competitors. You can also try the Instant Ratings module to determine any equity ratings based on digital recommendations. Macroaxis instant equity ratings are based on combination of fundamental analysis and risk-adjusted market performance.
Investors evaluate Alger ETF using market value (trading price) and book value (balance sheet equity), each telling a different story. Calculating Alger ETF's intrinsic value—the estimated true worth—helps identify when the stock trades at a discount or premium to fair value. Market participants employ diverse analytical approaches to determine fair value and identify buying opportunities when prices dip below calculated worth. External factors like market trends, sector rotation, and investor psychology can cause Alger ETF's market price to deviate significantly from intrinsic value.
It's important to distinguish between Alger ETF's intrinsic value and market price, which are calculated using different methodologies. Investment decisions regarding Alger ETF should consider multiple factors including financial performance, growth metrics, competitive position, and professional analysis. Conversely, Alger ETF's market price signifies the transaction level at which participants voluntarily complete trades.