Alps Equal Sector Etf Performance
| EQL Etf | USD 133.20 0.51 0.38% |
The etf shows a Beta (market volatility) of 0.68, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, ALPS Equal's returns are expected to increase less than the market. However, during the bear market, the loss of holding ALPS Equal is expected to be smaller as well.
Risk-Adjusted Performance
18 of 100
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Compared to the overall equity markets, risk-adjusted returns on investments in ALPS Equal Sector are ranked lower than 18 (%) of all global equities and portfolios over the last 90 days. Despite quite uncertain basic indicators, ALPS Equal may actually be approaching a critical reversion point that can send shares even higher in January 2025. ...more
1 | How to Take Advantage of moves in - Stock Traders Daily | 11/22/2024 |
ALPS |
ALPS Equal Relative Risk vs. Return Landscape
If you would invest 12,277 in ALPS Equal Sector on September 2, 2024 and sell it today you would earn a total of 1,043 from holding ALPS Equal Sector or generate 8.5% return on investment over 90 days. ALPS Equal Sector is generating 0.1289% of daily returns assuming volatility of 0.5441% on return distribution over 90 days investment horizon. In other words, 4% of etfs are less volatile than ALPS, and above 98% of all equities are expected to generate higher returns over the next 90 days. Expected Return |
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ALPS Equal Market Risk Analysis
Today, many novice investors tend to focus exclusively on investment returns with little concern for ALPS Equal's investment risk. Standard deviation is the most common way to measure market volatility of etfs, such as ALPS Equal Sector, and traders can use it to determine the average amount a ALPS Equal'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 = 0.237
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Estimated Market Risk
| 0.54 actual daily | 4 96% of assets are more volatile |
Expected Return
| 0.13 actual daily | 2 98% of assets have higher returns |
Risk-Adjusted Return
| 0.24 actual daily | 18 82% of assets perform better |
Based on monthly moving average ALPS Equal 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 ALPS Equal by adding it to a well-diversified portfolio.
ALPS Equal Fundamentals Growth
ALPS Etf prices reflect investors' perceptions of the future prospects and financial health of ALPS Equal, and ALPS Equal 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 ALPS Etf performance.
| Price To Earning | 19.99 X | |||
| Price To Book | 2.60 X | |||
| Price To Sales | 1.85 X | |||
| Total Asset | 264.57 M | |||
About ALPS Equal Performance
By examining ALPS Equal's fundamental ratios, stakeholders can obtain critical insights into ALPS Equal's financial health, operational efficiency, and overall profitability. These insights assist in making well-informed investment and management decisions. For example, a high Return on Assets and Return on Equity would indicate that ALPS Equal is effectively utilizing its assets and equity to generate significant profits, enhancing its appeal to investors. On the other hand, low ROA and ROE values could reveal issues in asset and equity management, highlighting the need for operational improvements.
In order to track the underlying index, the fund will use a fund of funds approach, and seek to achieve its investment objective by investing at least 90 percent of its total assets in the shares of the Underlying Sector ETFs. Alps Equal is traded on NYSEARCA Exchange in the United States.| Latest headline from news.google.com: How to Take Advantage of moves in - Stock Traders Daily | |
| The fund retains 99.79% of its assets under management (AUM) in equities |
Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in ALPS Equal Sector. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in producer price index. You can also try the Stock Tickers module to use high-impact, comprehensive, and customizable stock tickers that can be easily integrated to any websites.
The market value of ALPS Equal Sector is measured differently than its book value, which is the value of ALPS that is recorded on the company's balance sheet. Investors also form their own opinion of ALPS Equal's value that differs from its market value or its book value, called intrinsic value, which is ALPS Equal'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 ALPS Equal's market value can be influenced by many factors that don't directly affect ALPS Equal'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 ALPS Equal's value and its price as these two are different measures arrived at by different means. Investors typically determine if ALPS Equal is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, ALPS Equal'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.