Alger ETF Financials
| AWEG Etf | 27.41 0.39 1.44% |
Net Expense Ratio 0.0065 |
Alger |
The data published in Alger ETF's official financial statements typically reflect Alger ETF's business processes, product offerings, services, and other fundamental events. However, there are additional fundamental indicators that are easier to understand and visualize along the underlying realities that are driving Alger ETF's quantitative information. For example, before you start analyzing numbers published by Alger accountants, it's essential to understand Alger ETF's liquidity, profitability, and earnings quality within the context of the Mid-Cap Growth space in which it operates.
Alger ETF Etf Summary
Alger ETF competes with JPMorgan Fundamental, Vanguard Mid, SPDR SP, SPDR SP, and Direxion Daily. Alger ETF is entity of United States. It is traded as Etf on NYSE ARCA exchange.| Instrument | USA Etf View All |
| Exchange | NYSE ARCA Exchange |
| ISIN | US0155643051 |
| CUSIP | 015564305 |
| Region | North America |
| Investment Issuer | Fred Alger Management |
| Fund Category | Size and Style |
| Portfolio Concentration | Mid Cap |
| Benchmark | Dow Jones Industrial |
Alger ETF Systematic Risk
Alger ETF's systematic risk plays a vital role in portfolio allocation when considering its stock to be added to a well-diversified portfolio. Alger ETF volatility which cannot be eliminated through diversification, requires returns over the risk-free rate. Over the long run, a well-diversified portfolio provides returns that match its exposure to systematic risk. In this case, investors face a trade-off between expected returns and systematic risk and, therefore, can only reduce a portfolio's exposure to systematic risk by sacrificing expected returns on the portfolio.
The output start index for this execution was three with a total number of output elements of fifty-eight. The Beta measures systematic risk based on how returns on Alger ETF correlated with the market. If Beta is less than 0 Alger ETF generally moves in the opposite direction as compared to the market. If Alger ETF Beta is about zero movement of price series is uncorrelated with the movement of the benchmark. if Beta is between zero and one Alger ETF is generally moves in the same direction as, but less than the movement of the market. For Beta = 1 movement of Alger ETF is generally in the same direction as the market. If Beta > 1 Alger ETF moves generally in the same direction as, but more than the movement of the benchmark.
About Alger ETF Financials
What exactly are Alger ETF Financials? Typically, a company's financial statements are the reports that show the financial position of the company. Three primary documents fall into the category of financial statements. These documents include Alger ETF's income statement, its balance sheet, and the statement of cash flows. Potential Alger ETF investors and stakeholders use financial statements to determine how well the company is positioned to perform in the future. Although Alger ETF investors may use each financial statement separately, they are all related. The changes in Alger ETF's assets and liabilities, for example, are also reflected in the revenues and expenses that we see on Alger ETF's income statement, which results in the company's gains or losses. Cash flows can provide more information regarding cash listed on a balance sheet, but not equivalent to net income shown on the income statement. Please read more on our technical analysis and fundamental analysis pages.Alger ETF Thematic Clasifications
The Alger ETF is part of several thematic ideas from Mid Cap ETFs to Size And Style ETFs. If you are a theme-oriented, socially responsible, and at the same time, a result-driven investor, you can align your investing habits with your values without jeopardizing your expectations about returns. You can easily create an optimal portfolio of stocks, ETFs, funds, or cryptocurrencies based on a specific theme of your liking. Get More Thematic IdeasAlger ETF November 23, 2024 Opportunity Range
Along with financial statement analysis, the daily predictive indicators of Alger ETF help investors to analyze its daily demand and supply, volume, patterns, and price swings to determine the real value of The Alger ETF. We use our internally-developed statistical techniques to arrive at the intrinsic value of The Alger ETF based on widely used predictive technical indicators. In general, we focus on analyzing Alger Etf price patterns and their correlations with different microeconomic environment and drivers. We also apply predictive analytics to build Alger ETF's daily price indicators and compare them against related drivers.
| Downside Deviation | 1.1 | |||
| Information Ratio | 0.0383 | |||
| Maximum Drawdown | 6.57 | |||
| Value At Risk | (1.73) | |||
| Potential Upside | 1.75 |
Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in The Alger ETF. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in income. You can also try the Volatility Analysis module to get historical volatility and risk analysis based on latest market data.
The market value of Alger ETF is measured differently than its book value, which is the value of Alger that is recorded on the company's balance sheet. Investors also form their own opinion of Alger ETF's value that differs from its market value or its book value, called intrinsic value, which is Alger ETF's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Alger ETF's market value can be influenced by many factors that don't directly affect Alger ETF's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Alger ETF's value and its price as these two are different measures arrived at by different means. Investors typically determine if Alger ETF is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Alger ETF's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.