The Alger Etf Performance
| ALAI Etf | 25.96 0.32 1.22% |
The etf shows a Beta (market volatility) of 0.94, which signifies possible diversification benefits within a given portfolio. Alger ETF returns are very sensitive to returns on the market. As the market goes up or down, Alger ETF is expected to follow.
Risk-Adjusted Performance
16 of 100
Weak | Strong |
Solid
Compared to the overall equity markets, risk-adjusted returns on investments in The Alger ETF are ranked lower than 16 (%) of all global equities and portfolios over the last 90 days. Despite fairly conflicting basic indicators, Alger ETF demonstrated solid returns over the last few months and may actually be approaching a breakup point. ...more
1 | Proactive Strategies - Stock Traders Daily | 09/25/2024 |
2 | Global-E Soars Q3 Sales Surge 32, FY24 Outlook Raised Amid GMV Boom | 11/20/2024 |
Alger |
Alger ETF Relative Risk vs. Return Landscape
If you would invest 2,187 in The Alger ETF on August 30, 2024 and sell it today you would earn a total of 409.00 from holding The Alger ETF or generate 18.7% return on investment over 90 days. The Alger ETF is currently generating 0.2815% in daily expected returns and assumes 1.3513% risk (volatility on return distribution) over the 90 days horizon. In different words, 12% of etfs are less volatile than Alger, and 95% of all traded equity instruments are projected to make higher returns than the company over the 90 days investment horizon. Expected Return |
| Risk |
Alger ETF Market Risk Analysis
Today, many novice investors tend to focus exclusively on investment returns with little concern for Alger ETF's investment risk. Standard deviation is the most common way to measure market volatility of etfs, such as The Alger ETF, and traders can use it to determine the average amount a Alger ETF'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 = 0.2083
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| Cash | Small Risk | Average Risk | High Risk | Huge Risk |
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Estimated Market Risk
| 1.35 actual daily | 12 88% of assets are more volatile |
Expected Return
| 0.28 actual daily | 5 95% of assets have higher returns |
Risk-Adjusted Return
| 0.21 actual daily | 16 84% of assets perform better |
Based on monthly moving average Alger ETF is performing at about 16% 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 Alger ETF by adding it to a well-diversified portfolio.
About Alger ETF Performance
By evaluating Alger ETF's fundamental ratios, stakeholders can gain valuable insights into Alger ETF's financial health, operational efficiency, and overall profitability, helping them make informed investment and management decisions. For instance, if Alger ETF 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 Alger ETF 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.
Alger ETF is entity of United States. It is traded as Etf on NYSE ARCA exchange.| Latest headline from benzinga.com: Global-E Soars Q3 Sales Surge 32, FY24 Outlook Raised Amid GMV Boom |
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 FinTech Suite module to use AI to screen and filter profitable investment opportunities.
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.