Firsthand Alternative Energy Fund Price on May 10, 2023
| ALTEX Fund | USD 10.21 0.14 1.39% |
If you're considering investing in Firsthand Mutual Fund, it is important to understand the factors that can impact its price. As of today, the current price of Firsthand Alternative stands at 10.21, as last reported on the 29th of November, with the highest price reaching 10.21 and the lowest price hitting 10.21 during the day. At this stage we consider Firsthand Mutual Fund to be not too volatile. Firsthand Alternative secures Sharpe Ratio (or Efficiency) of 0.0275, which denotes the fund had a 0.0275% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Firsthand Alternative Energy, which you can use to evaluate the volatility of the entity. Please confirm Firsthand Alternative's Coefficient Of Variation of 3637.62, mean deviation of 1.24, and Downside Deviation of 1.62 to check if the risk estimate we provide is consistent with the expected return of 0.0429%.
Firsthand Mutual Fund price history is provided at the adjusted basis, taking into account all of the recent filings.
Firsthand |
Sharpe Ratio = 0.0275
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| Negative Returns | ALTEX |
Estimated Market Risk
| 1.56 actual daily | 13 87% of assets are more volatile |
Expected Return
| 0.04 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
| 0.03 actual daily | 2 98% of assets perform better |
Based on monthly moving average Firsthand Alternative is performing at about 2% of its full potential. If added to a well diversified portfolio the total return can be enhanced and market risk can be reduced. You can increase risk-adjusted return of Firsthand Alternative by adding it to a well-diversified portfolio.
Firsthand Alternative Valuation on May 10, 2023
It is possible to determine the worth of Firsthand Alternative on a given historical date. On May 10, 2023 Firsthand was worth 11.28 at the beginning of the trading date compared to the closed value of 11.28. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Firsthand Alternative mutual fund. Still, in general, we apply an absolute valuation method to find Firsthand Alternative's value based on its fundamental and technical indicators available within our service. As compared to an absolute model, our relative valuation model uses a comparative analysis of Firsthand Alternative where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Firsthand Alternative's related companies.
| Open | High | Low | Close | Volume | |
| 11.21 | 11.21 | 11.21 | 11.21 | 1.00 | |
05/10/2023 | 11.28 | 11.28 | 11.28 | 11.28 | 1.00 |
| 11.24 | 11.24 | 11.24 | 11.24 | 1.00 |
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Firsthand Alternative Trading Date Momentum on May 10, 2023
| On May 11 2023 Firsthand Alternative Energy was traded for 11.24 at the closing time. The highest daily price throughout the period was 11.24 and the lowest price was 11.24 . There was no trading activity during the period 1.0. Lack of trading volume on 05/11/2023 added to the next day price reduction. The overall trading delta to closing price of the next trading day was 0.35% . The overall trading delta to current closing price is 0.53% . |
Firsthand Alternative Fundamentals Correlations and Trends
By evaluating Firsthand Alternative's financials over time, investors can gain insight into future company performance. However, you can also analyze the published financial statements to find patterns among Firsthand Alternative's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Firsthand financial account trend analysis is a perfect complement when working with valuation or volatility modules.About Firsthand Alternative Mutual Fund history
Firsthand Alternative investors dedicate a lot of time and effort to gaining insight into how a market's past behavior relates to its future. Access to timely market data for Firsthand is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Firsthand Alternative will depend on recognizing future opportunities and eliminating past mistakes. Historical data analysis is the study of market behavior over a given time. Recorded market-related data such as price, volatility, and volume can be quantified and studied over a defined period. Through a detailed examination of a market's past behavior, traders and investors can gain perspective on the inner workings of that market. The information obtained throughout analyzing Firsthand Alternative stock prices may prove useful in developing a viable investing in Firsthand Alternative
The fund normally invests at least 80 percent of its assets in alternative energy and alternative energy technology companies, both U.S. and international. Firsthand Alternative is traded on NASDAQ Exchange in the United States.
Firsthand Alternative Mutual Fund Technical Analysis
Firsthand Alternative technical mutual fund analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, fund market cycles, or different charting patterns.
Price Boundaries
Firsthand Alternative Period Price Range
Low | November 29, 2024
| High |
0.00 | 0.00 |
Firsthand Alternative Energy cannot be verified against its exchange. Please verify the symbol is currently traded on NMFQS Exchange. If you still believe the symbol you are trying to look up is valid, please let us know, and we will check it as soon as possible.
Firsthand Alternative November 29, 2024 Market Strength
Market strength indicators help investors to evaluate how Firsthand Alternative mutual fund reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Firsthand Alternative shares will generate the highest return on investment. By undertsting and applying Firsthand Alternative mutual fund market strength indicators, traders can identify Firsthand Alternative Energy entry and exit signals to maximize returns
Firsthand Alternative Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Firsthand Alternative's price direction in advance. Along with the technical and fundamental analysis of Firsthand Mutual Fund historical price patterns, it is also worthwhile for investors to track various predictive indicators of Firsthand to make sure they correctly time the market and exploit it's hidden potentials. Even though most predictive indicators are useful for the short-term horizon, it's virtually impossible to predict the unforeseen market. For traders with a short-term horizon, predictive indicators add value when properly applied. Long-term investors, however, may find many predictive indicators less useful.
| Risk Adjusted Performance | 0.0261 | |||
| Jensen Alpha | 0.0732 | |||
| Total Risk Alpha | (0.23) | |||
| Sortino Ratio | (0.06) | |||
| Treynor Ratio | (0.10) |
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Other Information on Investing in Firsthand Mutual Fund
Firsthand Alternative financial ratios help investors to determine whether Firsthand Mutual Fund is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in Firsthand with respect to the benefits of owning Firsthand Alternative security.
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