Alps Etf Performance
| JRNY Etf | USD 25.89 0.00 0.00% |
The etf shows a Beta (market volatility) of -0.0943, which signifies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning ALPS are expected to decrease at a much lower rate. During the bear market, ALPS is likely to outperform the market.
Risk-Adjusted Performance
27 of 100
Weak | Strong |
Strong
Compared to the overall equity markets, risk-adjusted returns on investments in ALPS are ranked lower than 27 (%) of all global equities and portfolios over the last 90 days. In spite of fairly sluggish basic indicators, ALPS showed solid returns over the last few months and may actually be approaching a breakup point. ...more
ALPS |
ALPS Relative Risk vs. Return Landscape
If you would invest 2,214 in ALPS on September 1, 2024 and sell it today you would earn a total of 375.00 from holding ALPS or generate 16.94% return on investment over 90 days. ALPS is currently generating 0.4436% in daily expected returns and assumes 1.2905% risk (volatility on return distribution) over the 90 days horizon. In different words, 11% of etfs are less volatile than ALPS, and 92% of all traded equity instruments are projected to make higher returns than the company over the 90 days investment horizon. Expected Return |
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ALPS Market Risk Analysis
Today, many novice investors tend to focus exclusively on investment returns with little concern for ALPS's investment risk. Standard deviation is the most common way to measure market volatility of etfs, such as ALPS, and traders can use it to determine the average amount a ALPS'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 = 0.3437
| Best Portfolio | Best Equity | |||
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| Cash | Small Risk | Average Risk | High Risk | Huge Risk |
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Estimated Market Risk
| 1.29 actual daily | 11 89% of assets are more volatile |
Expected Return
| 0.44 actual daily | 8 92% of assets have higher returns |
Risk-Adjusted Return
| 0.34 actual daily | 27 73% of assets perform better |
Based on monthly moving average ALPS is performing at about 27% 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 by adding it to a well-diversified portfolio.
ALPS Fundamentals Growth
ALPS Etf prices reflect investors' perceptions of the future prospects and financial health of ALPS, and ALPS 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.
| Total Asset | 10.42 M | |||
About ALPS Performance
Evaluating ALPS's performance through its fundamental ratios, provides valuable insights into its operational efficiency and profitability. For instance, if ALPS 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 ALPS 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 adviser will seek investment results that replicate as closely as possible the performance of the index. Alps Global is traded on NYSEARCA Exchange in the United States.| ALPS is not yet fully synchronised with the market data | |
| The fund retains 99.64% of its assets under management (AUM) in equities |
Check out Risk vs Return Analysis to better understand how to build diversified portfolios. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in board of governors. You can also try the AI Portfolio Architect module to use AI to generate optimal portfolios and find profitable investment opportunities.
The market value of ALPS 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's value that differs from its market value or its book value, called intrinsic value, which is ALPS'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's market value can be influenced by many factors that don't directly affect ALPS'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's value and its price as these two are different measures arrived at by different means. Investors typically determine if ALPS is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, ALPS'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.