Alps Electrification Infrastructure Etf Market Value
| ELFY Etf | 32.94 0.00 0.00% |
| Symbol | ALPS |
The market value of ALPS Electrification 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 Electrification's value that differs from its market value or its book value, called intrinsic value, which is ALPS Electrification'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 Electrification's market value can be influenced by many factors that don't directly affect ALPS Electrification'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 Electrification's value and its price as these two are different measures arrived at by different means. Investors typically determine if ALPS Electrification is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, ALPS Electrification'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.
ALPS Electrification 'What if' Analysis
In the world of financial modeling, what-if analysis is part of sensitivity analysis performed to test how changes in assumptions impact individual outputs in a model. When applied to ALPS Electrification's etf what-if analysis refers to the analyzing how the change in your past investing horizon will affect the profitability against the current market value of ALPS Electrification.
| 04/24/2025 |
| 07/23/2025 |
If you would invest 0.00 in ALPS Electrification on April 24, 2025 and sell it all today you would earn a total of 0.00 from holding ALPS Electrification Infrastructure or generate 0.0% return on investment in ALPS Electrification over 90 days. ALPS Electrification is related to or competes with Franklin Templeton, Tidal Trust, IShares Dividend, Altrius Global, Invesco Exchange, Franklin International, and Madison ETFs. ALPS Electrification is entity of United States More
ALPS Electrification Upside/Downside Indicators
Understanding different market momentum indicators often help investors to time their next move. Potential upside and downside technical ratios enable traders to measure ALPS Electrification's etf current market value against overall market sentiment and can be a good tool during both bulling and bearish trends. Here we outline some of the essential indicators to assess ALPS Electrification Infrastructure upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.18 | |||
| Information Ratio | 0.1105 | |||
| Maximum Drawdown | 5.35 | |||
| Value At Risk | (1.60) | |||
| Potential Upside | 2.3 |
ALPS Electrification Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for ALPS Electrification's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as ALPS Electrification's standard deviation. In reality, there are many statistical measures that can use ALPS Electrification historical prices to predict the future ALPS Electrification's volatility.| Risk Adjusted Performance | 0.2439 | |||
| Jensen Alpha | 0.3261 | |||
| Total Risk Alpha | 0.0822 | |||
| Sortino Ratio | 0.1061 | |||
| Treynor Ratio | (1.51) |
ALPS Electrification Backtested Returns
ALPS Electrification appears to be very steady, given 3 months investment horizon. ALPS Electrification secures Sharpe Ratio (or Efficiency) of 0.27, which signifies that the etf had a 0.27 % return per unit of risk over the last 3 months. We have found twenty-seven technical indicators for ALPS Electrification Infrastructure, which you can use to evaluate the volatility of the entity. Please makes use of ALPS Electrification's mean deviation of 0.8624, and Risk Adjusted Performance of 0.2439 to double-check if our risk estimates are consistent with your expectations. The etf shows a Beta (market volatility) of -0.19, which signifies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning ALPS Electrification are expected to decrease at a much lower rate. During the bear market, ALPS Electrification is likely to outperform the market.
Auto-correlation | 0.90 |
Excellent predictability
ALPS Electrification Infrastructure has excellent predictability. Overlapping area represents the amount of predictability between ALPS Electrification time series from 24th of April 2025 to 8th of June 2025 and 8th of June 2025 to 23rd of July 2025. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of ALPS Electrification price movement. The serial correlation of 0.9 indicates that approximately 90.0% of current ALPS Electrification price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.9 | |
| Spearman Rank Test | 0.87 | |
| Residual Average | 0.0 | |
| Price Variance | 0.45 |
ALPS Electrification lagged returns against current returns
Autocorrelation, which is ALPS Electrification etf's lagged correlation, explains the relationship between observations of its time series of returns over different periods of time. The observations are said to be independent if autocorrelation is zero. Autocorrelation is calculated as a function of mean and variance and can have practical application in predicting ALPS Electrification's etf expected returns. We can calculate the autocorrelation of ALPS Electrification returns to help us make a trade decision. For example, suppose you find that ALPS Electrification has exhibited high autocorrelation historically, and you observe that the etf is moving up for the past few days. In that case, you can expect the price movement to match the lagging time series.
Current and Lagged Values |
| Timeline |
ALPS Electrification regressed lagged prices vs. current prices
Serial correlation can be approximated by using the Durbin-Watson (DW) test. The correlation can be either positive or negative. If ALPS Electrification etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if ALPS Electrification etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in ALPS Electrification etf over time.
Current vs Lagged Prices |
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ALPS Electrification Lagged Returns
When evaluating ALPS Electrification's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of ALPS Electrification etf have on its future price. ALPS Electrification autocorrelation represents the degree of similarity between a given time horizon and a lagged version of the same horizon over the previous time interval. In other words, ALPS Electrification autocorrelation shows the relationship between ALPS Electrification etf current value and its past values and can show if there is a momentum factor associated with investing in ALPS Electrification Infrastructure.
Regressed Prices |
| Timeline |
Also Currently Popular
Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.When determining whether ALPS Electrification offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of ALPS Electrification's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Alps Electrification Infrastructure Etf. Outlined below are crucial reports that will aid in making a well-informed decision on Alps Electrification Infrastructure Etf:Check out ALPS Electrification Correlation, ALPS Electrification Volatility and ALPS Electrification Alpha and Beta module to complement your research on ALPS Electrification. You can also try the Sectors module to list of equity sectors categorizing publicly traded companies based on their primary business activities.
ALPS Electrification 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.