Firsthand Alternative Energy Fund Manager Performance Evaluation
| ALTEX Fund | USD 10.21 0.14 1.39% |
The fund shows a Beta (market volatility) of 1.07, which means a somewhat significant risk relative to the market. Firsthand Alternative returns are very sensitive to returns on the market. As the market goes up or down, Firsthand Alternative is expected to follow.
Risk-Adjusted Performance
2 of 100
Weak | Strong |
Weak
Compared to the overall equity markets, risk-adjusted returns on investments in Firsthand Alternative Energy are ranked lower than 2 (%) of all funds and portfolios of funds over the last 90 days. In spite of fairly strong technical and fundamental indicators, Firsthand Alternative is not utilizing all of its potentials. The current stock price disturbance, may contribute to short-term losses for the investors.
...more| Expense Ratio Date | 30th of April 2023 | |
| Expense Ratio | 2.0100 |
Firsthand |
Firsthand Alternative Relative Risk vs. Return Landscape
If you would invest 1,001 in Firsthand Alternative Energy on August 31, 2024 and sell it today you would earn a total of 20.00 from holding Firsthand Alternative Energy or generate 2.0% return on investment over 90 days. Firsthand Alternative Energy is currently producing 0.0429% returns and takes up 1.5602% volatility of returns over 90 trading days. Put another way, 13% of traded mutual funds are less volatile than Firsthand, and 99% of all traded equity instruments are likely to generate higher returns over the next 90 trading days. Expected Return |
| Risk |
Firsthand Alternative Current Valuation
Fairly Valued
Today
Please note that Firsthand Alternative's price fluctuation is not too volatile at this time. At this time, the entity appears to be fairly valued. Firsthand Alternative shows a prevailing Real Value of $10.11 per share. The current price of the fund is $10.21. We determine the value of Firsthand Alternative from reviewing fund fundamentals and technical indicators as well as its Probability Of Bankruptcy. In general, we advise acquiring undervalued mutual funds and dropping overvalued mutual funds since, at some point, mutual fund prices and their ongoing real values will submerge.
Since Firsthand Alternative is currently traded on the exchange, buyers and sellers on that exchange determine the market value of Firsthand Mutual Fund. However, Firsthand Alternative's intrinsic value may or may not be the same as its current market price, in which case there is an opportunity to profit from the mispricing, assuming the market price will eventually merge with its intrinsic value. | Historical | Market 10.21 | Real 10.11 | Hype 10.07 |
The intrinsic value of Firsthand Alternative's stock can be calculated using various methods such as discounted cash flow analysis, price-to-earnings ratio, or price-to-book ratio. That value may differ from its current market price, which is determined by supply and demand factors such as investor sentiment, market trends, news, and other external factors that may influence Firsthand Alternative's stock price. It is important to note that the real value of any stock may change over time based on changes in the company's performance.
Estimating the potential upside or downside of Firsthand Alternative Energy helps investors to forecast how Firsthand mutual fund's addition to their portfolios will impact the overall performance. We also use other valuation drivers to help us estimate the true value of Firsthand Alternative more accurately as focusing exclusively on Firsthand Alternative's fundamentals will not take into account other important factors: Firsthand Alternative Market Risk Analysis
Today, many novice investors tend to focus exclusively on investment returns with little concern for Firsthand Alternative's investment risk. Standard deviation is the most common way to measure market volatility of mutual funds, such as Firsthand Alternative Energy, and traders can use it to determine the average amount a Firsthand Alternative's price has deviated from the expected return over a period of time. It is calculated by determining the expected price for the established period and then subtracting this figure from each price point. The differences are then squared, summed, and averaged to produce the variance.
Sharpe Ratio = 0.0275
| Best Portfolio | Best Equity | |||
| Good Returns | ||||
| Average Returns | ||||
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| Cash | Small Risk | Average Risk | High Risk | Huge Risk |
| 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 Fundamentals Growth
Firsthand Mutual Fund prices reflect investors' perceptions of the future prospects and financial health of Firsthand Alternative, and Firsthand Alternative fundamentals are critical determinants of its market performance. Overall, investors pay close attention to revenue and earnings growth, profit margins, and debt levels. These fundamentals can have a significant impact on Firsthand Mutual Fund performance.
| Price To Earning | 19.75 X | ||||
| Price To Book | 1.52 X | ||||
| Price To Sales | 1.04 X | ||||
About Firsthand Alternative Performance
Evaluating Firsthand Alternative's performance through its fundamental ratios, provides valuable insights into its operational efficiency and profitability. For instance, if Firsthand Alternative has a high ROA and ROE, it suggests that the company is efficiently using its assets and equity to generate substantial profits, making it an attractive investment. Conversely, if Firsthand Alternative has a low ROA and ROE, it may indicate underlying issues in asset and equity management, signaling a need for operational improvements. Please also refer to our technical analysis and fundamental analysis pages.
The fund normally invests at least 80 percent of its assets in alternative energy and alternative energy technology companies, both U.S. and international. It may purchase stocks of any capitalization, including, but not limited to, large-cap, mid-cap or small-cap stocks. The funds international stock investments may include stocks of companies based in or doing substantial business in both developed markets and emerging markets. It may also from time to time, as part of its principal investment strategies, invest a substantial portion of its assets in cash or cash equivalents. The fund is non-diversified.Things to note about Firsthand Alternative performance evaluation
Checking the ongoing alerts about Firsthand Alternative for important developments is a great way to find new opportunities for your next move. Mutual Fund alerts and notifications screener for Firsthand Alternative help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.| The fund generated three year return of -12.0% | |
| Firsthand Alternative holds about 25.62% of its assets under management (AUM) in cash |
- Analyzing Firsthand Alternative's financial statements, including its income statement, balance sheet, and cash flow statement, helps in understanding its overall financial health and growth potential.
- Getting a closer look at valuation ratios like price-to-earnings (P/E) ratio, price-to-sales (P/S) ratio, and price-to-book (P/B) ratio help in understanding whether Firsthand Alternative's stock is overvalued or undervalued compared to its peers.
- Examining Firsthand Alternative's industry or sector and how it is performing can give you an idea of its growth potential and how it is positioned relative to its competitors.
- Evaluating Firsthand Alternative's management team can have a significant impact on its success or failure. Reviewing the track record and experience of Firsthand Alternative's management team can help you assess the Mutual Fund's leadership.
- Pay attention to analyst opinions and ratings of Firsthand Alternative's mutual fund. These opinions can provide insight into Firsthand Alternative's potential for growth and whether the stock is currently undervalued or overvalued.
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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