The Alger Etf Performance
| AWEG Etf | 27.41 0.39 1.44% |
The etf shows a Beta (market volatility) of 1.24, which signifies a somewhat significant risk relative to the market. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, Alger ETF will likely underperform.
Risk-Adjusted Performance
9 of 100
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Compared to the overall equity markets, risk-adjusted returns on investments in The Alger ETF are ranked lower than 9 (%) of all global equities and portfolios over the last 90 days. Despite nearly uncertain technical and fundamental indicators, Alger ETF may actually be approaching a critical reversion point that can send shares even higher in December 2024. ...more
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Alger |
Alger ETF Relative Risk vs. Return Landscape
If you would invest 2,507 in The Alger ETF on August 26, 2024 and sell it today you would earn a total of 234.00 from holding The Alger ETF or generate 9.33% return on investment over 90 days. The Alger ETF is currently generating 0.1437% in daily expected returns and assumes 1.1408% risk (volatility on return distribution) over the 90 days horizon. In different words, 10% of etfs are less volatile than Alger, and 98% of all traded equity instruments are projected to make higher returns than the company over the 90 days investment horizon. Expected Return |
| Risk |
Alger ETF Market Risk Analysis
Today, many novice investors tend to focus exclusively on investment returns with little concern for Alger ETF's investment risk. Standard deviation is the most common way to measure market volatility of etfs, such as The Alger ETF, and traders can use it to determine the average amount a Alger ETF'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 = 0.126
| Best Portfolio | Best Equity | |||
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| Cash | AWEG | Average Risk | High Risk | Huge Risk |
| Negative Returns |
Estimated Market Risk
| 1.14 actual daily | 10 90% of assets are more volatile |
Expected Return
| 0.14 actual daily | 2 98% of assets have higher returns |
Risk-Adjusted Return
| 0.13 actual daily | 9 91% of assets perform better |
Based on monthly moving average Alger ETF is performing at about 9% 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 ETF by adding it to a well-diversified portfolio.
About Alger ETF Performance
By analyzing Alger ETF's fundamental ratios, stakeholders can gain valuable insights into Alger ETF's financial health, operational efficiency, and overall profitability, helping them make informed investment and management decisions. For instance, if Alger ETF 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 ETF has a low ROA and ROE, it may indicate underlying issues in asset and equity management, signaling a need for operational improvements.
Alger ETF is entity of United States. It is traded as Etf on NYSE ARCA exchange.| Latest headline from news.google.com: Investment Analysis and Advice - Stock Traders Daily |
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 Bollinger Bands module to use Bollinger Bands indicator to analyze target price for a given investing horizon.
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.