Firsthand Alternative Energy Fund Market Value
| ALTEX Fund | USD 12.23 0.17 1.37% |
| Symbol | Firsthand |
Firsthand Alternative 'What if' Analysis
In the world of financial modeling, what-if analysis is part of sensitivity analysis performed to test how changes in assumptions impact individual outputs in a model. When applied to Firsthand Alternative's mutual fund what-if analysis refers to the analyzing how the change in your past investing horizon will affect the profitability against the current market value of Firsthand Alternative.
| 11/13/2025 |
| 02/11/2026 |
If you would invest 0.00 in Firsthand Alternative on November 13, 2025 and sell it all today you would earn a total of 0.00 from holding Firsthand Alternative Energy or generate 0.0% return on investment in Firsthand Alternative over 90 days. Firsthand Alternative is related to or competes with Fidelity Income, Commonwealth Japan, WisdomTree SmallCap, Fidelity Sustainable, Fidelity Income, Fidelity Fund, and Fidelity Income. The fund normally invests at least 80 percent of its assets in alternative energy and alternative energy technology comp... More
Firsthand Alternative Upside/Downside Indicators
Understanding different market momentum indicators often help investors to time their next move. Potential upside and downside technical ratios enable traders to measure Firsthand Alternative's mutual fund current market value against overall market sentiment and can be a good tool during both bulling and bearish trends. Here we outline some of the essential indicators to assess Firsthand Alternative Energy upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.32 | |||
| Information Ratio | 0.0801 | |||
| Maximum Drawdown | 12.23 | |||
| Value At Risk | (3.93) | |||
| Potential Upside | 4.15 |
Firsthand Alternative Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Firsthand Alternative's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Firsthand Alternative's standard deviation. In reality, there are many statistical measures that can use Firsthand Alternative historical prices to predict the future Firsthand Alternative's volatility.| Risk Adjusted Performance | 0.1021 | |||
| Jensen Alpha | 0.1723 | |||
| Total Risk Alpha | 0.028 | |||
| Sortino Ratio | 0.0817 | |||
| Treynor Ratio | 0.2252 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Firsthand Alternative's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Firsthand Alternative February 11, 2026 Technical Indicators
| Cycle Indicators | ||
| Math Operators | ||
| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
| Risk Adjusted Performance | 0.1021 | |||
| Market Risk Adjusted Performance | 0.2352 | |||
| Mean Deviation | 1.72 | |||
| Semi Deviation | 1.99 | |||
| Downside Deviation | 2.32 | |||
| Coefficient Of Variation | 838.21 | |||
| Standard Deviation | 2.36 | |||
| Variance | 5.59 | |||
| Information Ratio | 0.0801 | |||
| Jensen Alpha | 0.1723 | |||
| Total Risk Alpha | 0.028 | |||
| Sortino Ratio | 0.0817 | |||
| Treynor Ratio | 0.2252 | |||
| Maximum Drawdown | 12.23 | |||
| Value At Risk | (3.93) | |||
| Potential Upside | 4.15 | |||
| Downside Variance | 5.37 | |||
| Semi Variance | 3.98 | |||
| Expected Short fall | (1.84) | |||
| Skewness | 0.2001 | |||
| Kurtosis | 1.84 |
Firsthand Alternative Backtested Returns
Firsthand Alternative appears to be not too volatile, given 3 months investment horizon. Firsthand Alternative secures Sharpe Ratio (or Efficiency) of 0.22, which denotes the fund had a 0.22 % return per unit of risk over the last 3 months. We have found twenty-six technical indicators for Firsthand Alternative Energy, which you can use to evaluate the volatility of the entity. Please utilize Firsthand Alternative's Coefficient Of Variation of 838.21, mean deviation of 1.72, and Downside Deviation of 2.32 to check if our risk estimates are consistent with your expectations. The fund shows a Beta (market volatility) of 1.21, which means 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, Firsthand Alternative will likely underperform.
Auto-correlation | 0.69 |
Good predictability
Firsthand Alternative Energy has good predictability. Overlapping area represents the amount of predictability between Firsthand Alternative time series from 13th of November 2025 to 28th of December 2025 and 28th of December 2025 to 11th of February 2026. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Firsthand Alternative price movement. The serial correlation of 0.69 indicates that around 69.0% of current Firsthand Alternative price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.69 | |
| Spearman Rank Test | 0.73 | |
| Residual Average | 0.0 | |
| Price Variance | 0.36 |
Also Currently Popular
Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.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.
| Pair Correlation Compare performance and examine fundamental relationship between any two equity instruments | |
| Money Flow Index Determine momentum by analyzing Money Flow Index and other technical indicators | |
| Portfolio Diagnostics Use generated alerts and portfolio events aggregator to diagnose current holdings |