Alps Equal Sector Etf Fundamentals
ALPS Equal Sector fundamentals help investors to digest information that contributes to ALPS Equal's financial success or failures. It also enables traders to predict the movement of ALPS Etf. The fundamental analysis module provides a way to measure ALPS Equal's intrinsic value by examining its available economic and financial indicators, including the cash flow records, the balance sheet account changes, the income statement patterns, and various microeconomic indicators and financial ratios related to ALPS Equal etf.
ALPS |
ALPS Equal Sector ETF Beta Analysis
ALPS Equal's Beta is one of the most important measures of equity market volatility. Beta can be thought of as asset elasticity or sensitivity to market. In other words, it is a number that shows the relationship of an equity instrument to the financial market in which this instrument is traded. For example, if Beta of equity is 2, it is expected to significantly outperform market when the market is going up and significantly underperform when the market is going down. Similarly, Beta of 1 indicates that an asset and market will generate similar returns over time.
Current ALPS Equal Beta | 0.94 |
Most of ALPS Equal's fundamental indicators, such as Beta, are part of a valuation analysis module that helps investors searching for stocks that are currently trading at higher or lower prices than their real value. If the real value is higher than the market price, ALPS Equal Sector is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.
In a nutshell, Beta is a measure of individual stock risk relative to the overall volatility of the stock market. and is calculated based on very sound finance theory - Capital Assets Pricing Model (CAPM).However, since Beta is calculated based on historical price movements it may not predict how a firm's stock is going to perform in the future.
CompetitionIn accordance with the recently published financial statements, ALPS Equal Sector has a Beta of 0.94. This is much higher than that of the ALPS family and significantly higher than that of the Large Value category. The beta for all United States etfs is notably lower than that of the firm.
ALPS Equal Sector Fundamental Drivers Relationships
Comparative valuation techniques use various fundamental indicators to help in determining ALPS Equal's current stock value. Our valuation model uses many indicators to compare ALPS Equal value to that of its competitors to determine the firm's financial worth. You can analyze the relationship between different fundamental ratios across ALPS Equal competition to find correlations between indicators driving ALPS Equal's intrinsic value. More Info.ALPS Equal Sector is one of the top ETFs in price to earning as compared to similar ETFs. It also is one of the top ETFs in price to book as compared to similar ETFs fabricating about 0.13 of Price To Book per Price To Earning. The ratio of Price To Earning to Price To Book for ALPS Equal Sector is roughly 7.69 . Comparative valuation analysis is a catch-all technique that is used if you cannot value ALPS Equal by discounting back its dividends or cash flows. It compares the stock's price multiples to nearest competition to determine if the stock is relatively undervalued or overvalued.ALPS Beta Peer Comparison
Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses ALPS Equal's direct or indirect competition against its Beta to detect undervalued stocks with similar characteristics or determine the etfs which would be a good addition to a portfolio. Peer analysis of ALPS Equal could also be used in its relative valuation, which is a method of valuing ALPS Equal by comparing valuation metrics of similar companies.ALPS Equal is currently under evaluation in beta as compared to similar ETFs.
Fund Asset Allocation for ALPS Equal
The fund invests 99.79% of asset under management in tradable equity instruments, with the rest of investments concentrated in various types of exotic instruments.Asset allocation divides ALPS Equal's investment portfolio among different asset categories to balance risk and reward by investing in a diversified mix of instruments that align with the investor's goals, risk tolerance, and time horizon. Mutual funds, which pool money from multiple investors to buy a diversified portfolio of securities, use asset allocation strategies to manage the risk and return of their portfolios.
Mutual funds allocate their assets by investing in a diversified portfolio of securities, such as stocks, bonds, cryptocurrencies and cash. The specific mix of these securities is determined by the fund's investment objective and strategy. For example, a stock mutual fund may invest primarily in equities, while a bond mutual fund may invest mainly in fixed-income securities. The fund's manager, responsible for making investment decisions, will buy and sell securities in the fund's portfolio as market conditions and the fund's objectives change.
ALPS Equal returns are very sensitive to returns on the market. As the market goes up or down, ALPS Equal is expected to follow.
ALPS Fundamentals
| Price To Earning | 19.99 X | |||
| Price To Book | 2.60 X | |||
| Price To Sales | 1.85 X | |||
| Number Of Employees | 138 | |||
| Beta | 0.94 | |||
| Total Asset | 264.57 M | |||
| One Year Return | 16.60 % | |||
| Three Year Return | 10.10 % | |||
| Five Year Return | 15.00 % | |||
| Ten Year Return | 10.80 % | |||
| Net Asset | 264.57 M | |||
| Last Dividend Paid | 0.38 | |||
| Equity Positions Weight | 99.79 % |
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Other Tools for ALPS Etf
When running ALPS Equal's price analysis, check to measure ALPS Equal's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy ALPS Equal is operating at the current time. Most of ALPS Equal's value examination focuses on studying past and present price action to predict the probability of ALPS Equal's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move ALPS Equal's price. Additionally, you may evaluate how the addition of ALPS Equal to your portfolios can decrease your overall portfolio volatility.
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