ALPS Equal Financials
| EQL Etf | USD 133.20 0.51 0.38% |
Net Expense Ratio 0.0025 |
ALPS |
The data published in ALPS Equal's official financial statements typically reflect ALPS Equal's business processes, product offerings, services, and other fundamental events. However, there are additional fundamental indicators that are easier to understand and visualize along the underlying realities that are driving ALPS Equal's quantitative information. For example, before you start analyzing numbers published by ALPS accountants, it's essential to understand ALPS Equal's liquidity, profitability, and earnings quality within the context of the ALPS space in which it operates.
ALPS Equal Etf Summary
ALPS Equal competes with WisdomTree Earnings, Invesco SP, IShares MSCI, First Trust, and First Trust. 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.| Instrument | USA Etf View All |
| Exchange | NYSE ARCA Exchange |
| ISIN | US00162Q2057 |
| CUSIP | 00162Q205 |
| Region | North America |
| Investment Issuer | ALPS |
| Etf Family | ALPS |
| Fund Category | Size and Style |
| Portfolio Concentration | Large Cap |
| Benchmark | Dow Jones Industrial |
| Phone | NA |
| Currency | USD - US Dollar |
ALPS Equal Key Financial Ratios
ALPS Financial Ratios Relationships
Comparative valuation techniques use various fundamental indicators to help in determining ALPS Equal's current stock value. Our valuation model uses many indicators to compare ALPS Equal value to that of its competitors to determine the firm's financial worth. You can analyze the relationship between different fundamental ratios across ALPS Equal competition to find correlations between indicators driving ALPS Equal's intrinsic value. More Info.ALPS Equal Sector is one of the top ETFs in price to earning as compared to similar ETFs. It also is one of the top ETFs in price to book as compared to similar ETFs fabricating about 0.13 of Price To Book per Price To Earning. The ratio of Price To Earning to Price To Book for ALPS Equal Sector is roughly 7.69 . Comparative valuation analysis is a catch-all technique that is used if you cannot value ALPS Equal by discounting back its dividends or cash flows. It compares the stock's price multiples to nearest competition to determine if the stock is relatively undervalued or overvalued.ALPS Equal Sector Systematic Risk
ALPS Equal's systematic risk plays a vital role in portfolio allocation when considering its stock to be added to a well-diversified portfolio. ALPS Equal volatility which cannot be eliminated through diversification, requires returns over the risk-free rate. Over the long run, a well-diversified portfolio provides returns that match its exposure to systematic risk. In this case, investors face a trade-off between expected returns and systematic risk and, therefore, can only reduce a portfolio's exposure to systematic risk by sacrificing expected returns on the portfolio.
The output start index for this execution was ten with a total number of output elements of fifty-one. The Beta measures systematic risk based on how returns on ALPS Equal Sector correlated with the market. If Beta is less than 0 ALPS Equal generally moves in the opposite direction as compared to the market. If ALPS Equal Beta is about zero movement of price series is uncorrelated with the movement of the benchmark. if Beta is between zero and one ALPS Equal Sector is generally moves in the same direction as, but less than the movement of the market. For Beta = 1 movement of ALPS Equal is generally in the same direction as the market. If Beta > 1 ALPS Equal moves generally in the same direction as, but more than the movement of the benchmark.
ALPS Equal Thematic Clasifications
ALPS Equal Sector is part of several thematic ideas from Size And Style ETFs to Large Cap ETFs. If you are a theme-oriented, socially responsible, and at the same time, a result-driven investor, you can align your investing habits with your values without jeopardizing your expectations about returns. You can easily create an optimal portfolio of stocks, ETFs, funds, or cryptocurrencies based on a specific theme of your liking. Get More Thematic IdeasALPS Equal December 1, 2024 Opportunity Range
Along with financial statement analysis, the daily predictive indicators of ALPS Equal help investors to analyze its daily demand and supply, volume, patterns, and price swings to determine the real value of ALPS Equal Sector. We use our internally-developed statistical techniques to arrive at the intrinsic value of ALPS Equal Sector based on widely used predictive technical indicators. In general, we focus on analyzing ALPS Etf price patterns and their correlations with different microeconomic environment and drivers. We also apply predictive analytics to build ALPS Equal's daily price indicators and compare them against related drivers.
| Downside Deviation | 0.614 | |||
| Information Ratio | (0.03) | |||
| Maximum Drawdown | 2.56 | |||
| Value At Risk | (0.85) | |||
| Potential Upside | 0.9391 |
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 Latest Portfolios module to quick portfolio dashboard that showcases your latest portfolios.
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.