ALG Competition
ALG competes with Staked Ether, Phala Network, EigenLayer, Morpho, and DIA; as well as few others. The company operates under Blockchain sector and is part of Cryptocurrency industry. Analyzing ALG competition allows you to expand the diversification possibilities of your existing portfolios and to get a better perspective on locking in new positions. Investors sometimes prefer comparable analysis of ALG to its intrinsic valuation because they are able to contrast its competitors on a relative basis. Check out Trending Equities to better understand how to build diversified portfolios. Also, note that the market value of any cryptocurrency could be closely tied with the direction of predictive economic indicators such as signals in board of governors.
You can use the Comparative Equity Analysis module to analyze the advantages of investing in your portfolio's related equities across multiple sectors and thematic ideas. Please use the input box below to enter symbols for particular investments you would like to analyze. With the equity comparison module, you can estimate the relative effect of ALG competition on your existing holdings.
ALG |
ALG Competition Correlation Matrix
Typically, diversification allows investors to combine positions across different asset classes to reduce overall portfolio risk. Correlation between ALG and its competitors represents the degree of relationship between the price movements of corresponding cryptos. A correlation of about +1.0 implies that the price of ALG and its corresponding peer move in tandem. A correlation of -1.0 means that prices move in opposite directions. A correlation of close to zero suggests that the price movements of assets are uncorrelated; in other words, the historical price movement of ALG does not affect the price movement of the other competitor.
| Click cells to compare fundamentals | Check Volatility | Backtest Portfolio |
High positive correlations
| High negative correlations
|
Risk-Adjusted Indicators
There is a big difference between ALG Crypto Coin performing well and ALG Cryptocurrency doing well as a business compared to the competition. There are so many exceptions to the norm that investors cannot definitively determine what's good or bad unless they analyze ALG's multiple risk-adjusted performance indicators across the competitive landscape. These indicators are quantitative in nature and help investors forecast volatility and risk-adjusted expected returns across various positions.| Mean Deviation | Jensen Alpha | Sortino Ratio | Treynor Ratio | Semi Deviation | Expected Shortfall | Potential Upside | Value @Risk | Maximum Drawdown | ||
|---|---|---|---|---|---|---|---|---|---|---|
| ALG | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| STETH | 3.04 | (0.89) | 0.00 | (1.17) | 0.00 | 5.03 | 20.32 | |||
| PHA | 10.07 | 1.10 | 0.07 | 0.16 | 8.86 | 20.69 | 135.36 | |||
| EIGEN | 6.15 | (1.79) | 0.00 | (1.93) | 0.00 | 9.50 | 34.37 | |||
| EOSDAC | 5.18 | (0.89) | 0.00 | 1.22 | 0.00 | 10.31 | 38.81 | |||
| BLZ | 7.78 | (1.25) | 0.00 | (1.84) | 0.00 | 14.07 | 117.69 | |||
| MORPHO | 7.58 | (0.37) | 0.00 | (0.22) | 0.00 | 19.80 | 49.22 | |||
| DIA | 4.59 | (0.88) | 0.00 | (1.45) | 0.00 | 8.33 | 29.93 | |||
| EM | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
ALG Competitive Analysis
The better you understand ALG competitors, the better chance you have of utilizing it as a position in your portfolios. From an individual investor's perspective, ALG's competitive analysis can cover a whole range of metrics. Some of these will be more critical depending on who you are as an investor and how you react to market volatility. However, if you are locking your investment sandscape to a long-term horizon, comparing the fundamental indicator across ALG's competition over several years is one of the best ways to analyze its investment potential.| Better Than Average | Worse Than Peers | View Performance Chart |
| STETH | PHA | EIGEN | EOSDAC | BLZ | MORPHO | DIA | EM | |
| 0.89 1,926 Staked | 9.09 0.12 Phala | 3.39 1.14 EigenLayer | 1.03 0.0002 EOSDAC | 2.22 0.04 BLZ | 2.27 1.29 Morpho | 2.38 0.43 DIA | 0.00 0.00008 EM | Market Volatility (90 Days Market Risk) |
| Market Performance (90 Days Performance) | ||||||||
| Odds of Financial Distress (Probability Of Bankruptcy) | ||||||||
| Current Valuation (Equity Enterprise Value) | ||||||||
| Buy or Sell Advice (Average Analysts Consensus) | ||||||||
Trade Advice (90 Days Macroaxis Advice) | ||||||||
| Day Typical Price | ||||||||
| Accumulation Distribution | ||||||||
| Market Facilitation Index | ||||||||
| Daily Balance Of Power | ||||||||
| Period Momentum Indicator | ||||||||
| Rate Of Daily Change | ||||||||
| Day Median Price | ||||||||
| Price Action Indicator | ||||||||
| Coefficient Of Variation | ||||||||
| Mean Deviation | ||||||||
| Jensen Alpha | ||||||||
| Total Risk Alpha | ||||||||
| Sortino Ratio | ||||||||
| Downside Variance | ||||||||
| Standard Deviation | ||||||||
| Kurtosis | ||||||||
| Potential Upside | ||||||||
| Treynor Ratio | ||||||||
| Maximum Drawdown | ||||||||
| Variance | ||||||||
| Market Risk Adjusted Performance | ||||||||
| Risk Adjusted Performance | ||||||||
| Skewness | ||||||||
| Semi Deviation | ||||||||
| Information Ratio | ||||||||
| Value At Risk | ||||||||
| Expected Short fall | ||||||||
| Downside Deviation | ||||||||
| Semi Variance |
ALG Competition Performance Charts
Five steps to successful analysis of ALG Competition
ALG's competitive analysis is the process of researching and evaluating its competitive landscape. It provides an understanding of the strengths, weaknesses, opportunities, and threats (SWOT) faced by ALG in relation to its competition. ALG's competition analysis typically involves several steps, including:- Identifying the key players in the market: This involves identifying the major competitors of ALG in the market, both direct and indirect, as well as new entrants and disruptive technologies.
- Assessing the strengths and weaknesses of each competitor: This involves evaluating each competitor's strengths and weaknesses in areas such as product offerings, market share, brand recognition, financial performance, and distribution channels.
- Understanding the competitive environment: This involves evaluating the regulatory environment, economic conditions, and other factors that may impact ALG's competitive landscape.
- Identifying opportunities and threats: This involves using the information gathered during the analysis to identify opportunities and threats to ALG, and developing a strategy to address them.
- Evaluating the competitive landscape: This involves understanding the competitive dynamics of the market, such as pricing, marketing, and distribution strategies, as well as analyzing the competitive advantage of each competitor.
Complement your ALG position
In addition to having ALG in your portfolios, you can quickly add positions using our predefined set of ideas and optimize them against your very unique investing style. A single investing idea is a collection of funds, stocks, ETFs, or cryptocurrencies that are programmatically selected from a pull of investment themes. After you determine your investment opportunity, you can then find an optimal portfolio that will maximize potential returns on the chosen idea or minimize its exposure to market volatility.Did You Try This Idea?
Run Junk Bonds Funds Thematic Idea Now
Junk Bonds Funds
Funds or Etfs that invest most of their assets into speculative (junk) bonds or to other fixed income instruments with interest rates 3 to 4 percentage points above government issues. The Junk Bonds Funds theme has 47 constituents at this time.
You can either use a buy-and-hold strategy to lock in the entire theme or actively trade it to take advantage of the short-term price volatility of individual constituents. Macroaxis can help you discover thousands of investment opportunities in different asset classes. In addition, you can partner with us for reliable portfolio optimization as you plan to utilize Junk Bonds Funds Theme or any other thematic opportunities.
| View All Next | Launch |
Check out Trending Equities to better understand how to build diversified portfolios. Also, note that the market value of any cryptocurrency could be closely tied with the direction of predictive economic indicators such as signals in board of governors. You can also try the Technical Analysis module to check basic technical indicators and analysis based on most latest market data.
Other Tools for ALG Crypto Coin
When running ALG's price analysis, check to measure ALG's coin volatility and technical momentum indicators. We have many different tools that can be utilized to determine how healthy ALG is operating at the current time. Most of ALG's value examination focuses on studying past and present price actions to predict the probability of ALG's future price movements. You can analyze the coin against its peers and the financial market as a whole to determine factors that move ALG's coin price. Additionally, you may evaluate how adding ALG to your portfolios can decrease your overall portfolio volatility.
| Analyst Advice Analyst recommendations and target price estimates broken down by several categories | |
| Equity Forecasting Use basic forecasting models to generate price predictions and determine price momentum | |
| Commodity Directory Find actively traded commodities issued by global exchanges | |
| Sign In To Macroaxis Sign in to explore Macroaxis' wealth optimization platform and fintech modules | |
| Investing Opportunities Build portfolios using our predefined set of ideas and optimize them against your investing preferences | |
| Portfolio File Import Quickly import all of your third-party portfolios from your local drive in csv format | |
| Portfolio Suggestion Get suggestions outside of your existing asset allocation including your own model portfolios | |
| Cryptocurrency Center Build and monitor diversified portfolio of extremely risky digital assets and cryptocurrency | |
| My Watchlist Analysis Analyze my current watchlist and to refresh optimization strategy. Macroaxis watchlist is based on self-learning algorithm to remember stocks you like |