The Alger Etf Technical Analysis
| ALAI Etf | 26.10 0.06 0.23% |
As of the 24th of November, Alger ETF shows the Risk Adjusted Performance of 0.1695, mean deviation of 0.9247, and Semi Deviation of 1.18. Alger ETF technical analysis gives you the methodology to make use of historical prices and volume patterns to determine a pattern that approximates the direction of the entity's future prices.
Alger ETF Momentum Analysis
Momentum indicators are widely used technical indicators which help to measure the pace at which the price of specific equity, such as Alger, fluctuates. Many momentum indicators also complement each other and can be helpful when the market is rising or falling as compared to AlgerAlger |
Alger ETF technical etf analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, etf market cycles, or different charting patterns.
Alger ETF Technical Analysis
The output start index for this execution was three with a total number of output elements of fifty-eight. The Average True Range was developed by J. Welles Wilder in 1970s. It is one of components of the Welles Wilder Directional Movement indicators. The ATR is a measure of Alger ETF volatility. High ATR values indicate high volatility, and low values indicate low volatility.
Alger ETF Trend Analysis
Use this graph to draw trend lines for The Alger ETF. You can use it to identify possible trend reversals for Alger ETF as well as other signals and approximate when it will take place. Remember, you need at least two touches of the trend line with actual Alger ETF price movement. To start drawing, click on the pencil icon on top-right. To remove the trend, use eraser icon.Alger ETF Best Fit Change Line
The following chart estimates an ordinary least squares regression model for The Alger ETF applied against its price change over selected period. The best fit line has a slop of 0.08 , which means The Alger ETF will continue generating value for investors. It has 122 observation points and a regression sum of squares at 243.68, which is the sum of squared deviations for the predicted Alger ETF price change compared to its average price change.About Alger ETF Technical Analysis
The technical analysis module can be used to analyzes prices, returns, volume, basic money flow, and other market information and help investors to determine the real value of The Alger ETF on a daily or weekly bases. We use both bottom-up as well as top-down valuation methodologies to arrive at the intrinsic value of The Alger ETF based on its technical analysis. In general, a bottom-up approach, as applied to this etf, focuses on Alger ETF price pattern first instead of the macroeconomic environment surrounding Alger ETF. By analyzing Alger ETF's financials, daily price indicators, and related drivers such as dividends, momentum ratios, and various types of growth rates, we attempt to find the most accurate representation of Alger ETF's intrinsic value. As compared to a bottom-up approach, our top-down model examines the macroeconomic factors that affect the industry/economy before zooming in to Alger ETF specific price patterns or momentum indicators. Please read more on our technical analysis page.
Alger ETF November 24, 2024 Technical Indicators
Most technical analysis of Alger help investors determine whether a current trend will continue and, if not, when it will shift. We provide a combination of tools to recognize potential entry and exit points for Alger from various momentum indicators to cycle indicators. When you analyze Alger charts, please remember that the event formation may indicate an entry point for a short seller, and look at different other indicators across different periods to confirm that a breakdown or reversion is likely to occur.
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| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
| Risk Adjusted Performance | 0.1695 | |||
| Market Risk Adjusted Performance | 0.2932 | |||
| Mean Deviation | 0.9247 | |||
| Semi Deviation | 1.18 | |||
| Downside Deviation | 1.5 | |||
| Coefficient Of Variation | 464.08 | |||
| Standard Deviation | 1.33 | |||
| Variance | 1.78 | |||
| Information Ratio | 0.1175 | |||
| Jensen Alpha | 0.1591 | |||
| Total Risk Alpha | 0.0674 | |||
| Sortino Ratio | 0.1044 | |||
| Treynor Ratio | 0.2832 | |||
| Maximum Drawdown | 6.35 | |||
| Value At Risk | (2.02) | |||
| Potential Upside | 2.56 | |||
| Downside Variance | 2.25 | |||
| Semi Variance | 1.4 | |||
| Expected Short fall | (0.98) | |||
| Skewness | (0.35) | |||
| Kurtosis | 1.52 |
Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in The Alger ETF. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in nation. You can also try the Alpha Finder module to use alpha and beta coefficients to find investment opportunities after accounting for the risk.
The market value of Alger ETF is measured differently than its book value, which is the value of Alger that is recorded on the company's balance sheet. Investors also form their own opinion of Alger ETF's value that differs from its market value or its book value, called intrinsic value, which is Alger ETF'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 Alger ETF's market value can be influenced by many factors that don't directly affect Alger ETF'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 Alger ETF's value and its price as these two are different measures arrived at by different means. Investors typically determine if Alger ETF is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Alger ETF'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.