Alger 35 Etf Performance
| ATFV Etf | USD 25.11 0.24 0.95% |
The etf shows a Beta (market volatility) of 0.95, which signifies possible diversification benefits within a given portfolio. Alger 35 returns are very sensitive to returns on the market. As the market goes up or down, Alger 35 is expected to follow.
Risk-Adjusted Performance
18 of 100
Weak | Strong |
Solid
Compared to the overall equity markets, risk-adjusted returns on investments in Alger 35 ETF are ranked lower than 18 (%) of all global equities and portfolios over the last 90 days. In spite of fairly fragile technical and fundamental indicators, Alger 35 showed solid returns over the last few months and may actually be approaching a breakup point. ...more
1 | When Moves Investors should Listen - Stock Traders Daily | 09/24/2024 |
| In Threey Sharp Ratio | -0.06 |
Alger |
Alger 35 Relative Risk vs. Return Landscape
If you would invest 2,107 in Alger 35 ETF on August 29, 2024 and sell it today you would earn a total of 428.00 from holding Alger 35 ETF or generate 20.31% return on investment over 90 days. Alger 35 ETF is currently generating 0.2969% in daily expected returns and assumes 1.2375% risk (volatility on return distribution) over the 90 days horizon. In different words, 11% of etfs are less volatile than Alger, and 95% of all traded equity instruments are projected to make higher returns than the company over the 90 days investment horizon. Expected Return |
| Risk |
Alger 35 Market Risk Analysis
Today, many novice investors tend to focus exclusively on investment returns with little concern for Alger 35's investment risk. Standard deviation is the most common way to measure market volatility of etfs, such as Alger 35 ETF, and traders can use it to determine the average amount a Alger 35'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 = 0.2399
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| Cash | Small Risk | Average Risk | High Risk | Huge Risk |
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Estimated Market Risk
| 1.24 actual daily | 11 89% of assets are more volatile |
Expected Return
| 0.3 actual daily | 5 95% of assets have higher returns |
Risk-Adjusted Return
| 0.24 actual daily | 18 82% of assets perform better |
Based on monthly moving average Alger 35 is performing at about 18% 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 Alger 35 by adding it to a well-diversified portfolio.
Alger 35 Fundamentals Growth
Alger Etf prices reflect investors' perceptions of the future prospects and financial health of Alger 35, and Alger 35 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 Alger Etf performance.
| Total Asset | 9.05 M | |||
About Alger 35 Performance
Evaluating Alger 35's performance through its fundamental ratios, provides valuable insights into its operational efficiency and profitability. For instance, if Alger 35 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 Alger 35 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.
Under normal circumstances, the fund invests in a stock portfolio of approximately 35 equity securities of companies of any market capitalization that the Manager believes are undergoing Positive Dynamic Change. Alger 35 is traded on NYSEARCA Exchange in the United States.| The fund holds 87.48% of its assets under management (AUM) in equities |
Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Alger 35 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 census. You can also try the ETF Categories module to list of ETF categories grouped based on various criteria, such as the investment strategy or type of investments.
The market value of Alger 35 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 35's value that differs from its market value or its book value, called intrinsic value, which is Alger 35'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 35's market value can be influenced by many factors that don't directly affect Alger 35'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 35's value and its price as these two are different measures arrived at by different means. Investors typically determine if Alger 35 is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Alger 35'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.