Firsthand Alternative Energy Fund Manager Performance Evaluation
| ALTEX Fund | USD 11.85 0.29 2.39% |
The fund shows a Beta (market volatility) of 1.18, 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.
Risk-Adjusted Performance
Fair
Weak | Strong |
Compared to the overall equity markets, risk-adjusted returns on investments in Firsthand Alternative Energy are ranked lower than 8 (%) of all funds and portfolios of funds over the last 90 days. In spite of fairly weak technical and fundamental indicators, Firsthand Alternative showed solid returns over the last few months and may actually be approaching a breakup point.
...more| Expense Ratio Date | 30th of April 2025 | |
| Expense Ratio | 1.9900 |
Firsthand |
Firsthand Alternative Relative Risk vs. Return Landscape
If you would invest 1,040 in Firsthand Alternative Energy on November 2, 2025 and sell it today you would earn a total of 145.00 from holding Firsthand Alternative Energy or generate 13.94% return on investment over 90 days. Firsthand Alternative Energy is currently producing 0.2421% returns and takes up 2.3836% volatility of returns over 90 trading days. Put another way, 21% of traded mutual funds are less volatile than Firsthand, and 96% of all traded equity instruments are likely to generate higher returns over the next 90 trading days. Expected Return |
| Risk |
Firsthand Alternative Current Valuation
Overvalued
Today
Please note that Firsthand Alternative's price fluctuation is not too volatile at this time. At this time, the entity appears to be overvalued. Firsthand Alternative shows a prevailing Real Value of $11.53 per share. The current price of the fund is $11.85. 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 11.85 | Real 11.53 | Hype 11.85 | Naive 11.96 |
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 Target Price Odds to finish over Current Price
The tendency of Firsthand Mutual Fund price to converge on an average value over time is a known aspect in finance that investors have used since the beginning of the stock market for forecasting. However, many studies suggest that some traded equity instruments are consistently mispriced before traders' demand and supply correct the spread. One possible conclusion to this anomaly is that these stocks have additional risk, for which investors demand compensation in the form of extra returns.
| Current Price | Horizon | Target Price | Odds to move above the current price in 90 days |
| 11.85 | 90 days | 11.85 | about 5.27 |
Based on a normal probability distribution, the odds of Firsthand Alternative to move above the current price in 90 days from now is about 5.27 (This Firsthand Alternative Energy probability density function shows the probability of Firsthand Mutual Fund to fall within a particular range of prices over 90 days) .
Assuming the 90 days horizon the mutual fund has the beta coefficient of 1.18 . This suggests as the benchmark fluctuates upward, the company is expected to outperform it on average. However, if the benchmark returns are projected to be negative, Firsthand Alternative will likely underperform. Additionally Firsthand Alternative Energy has an alpha of 0.214, implying that it can generate a 0.21 percent excess return over Dow Jones Industrial after adjusting for the inherited market risk (beta). Firsthand Alternative Price Density |
| Price |
Predictive Modules for Firsthand Alternative
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Firsthand Alternative. Regardless of method or technology, however, to accurately forecast the mutual fund market is more a matter of luck rather than a particular technique. Nevertheless, trying to predict the mutual fund market accurately is still an essential part of the overall investment decision process. Using different forecasting techniques and comparing the results might improve your chances of accuracy even though unexpected events may often change the market sentiment and impact your forecasting results.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 Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. Firsthand Alternative is not an exception. The market had few large corrections towards the Firsthand Alternative's value, including both sudden drops in prices as well as massive rallies. These swings have made and broken many portfolios. An investor can limit the violent swings in their portfolio by implementing a hedging strategy designed to limit downside losses. If you hold Firsthand Alternative Energy, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of Firsthand Alternative within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | 0.21 | |
β | Beta against Dow Jones | 1.18 | |
σ | Overall volatility | 0.92 | |
Ir | Information ratio | 0.1 |
Firsthand Alternative Alerts and Suggestions
In today's market, stock alerts give investors the competitive edge they need to time the market and increase returns. Checking the ongoing alerts of Firsthand Alternative for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for Firsthand Alternative can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.| Latest headline from news.google.com: New Quantum Computing ETF Ready for its Close Up - ETF Trends | |
| The fund generated five year return of -1.0% | |
| Firsthand Alternative holds about 25.62% of its assets under management (AUM) in cash |
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 | ||||
| Total Asset | 9.35 M | ||||
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.| Latest headline from news.google.com: New Quantum Computing ETF Ready for its Close Up - ETF Trends | |
| The fund generated five year return of -1.0% | |
| 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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