ALPS Financials
| JRNY Etf | USD 25.89 0.00 0.00% |
ALPS |
The data published in ALPS's official financial statements typically reflect ALPS'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's quantitative information. For example, before you start analyzing numbers published by ALPS accountants, it's essential to understand ALPS's liquidity, profitability, and earnings quality within the context of the ALPS space in which it operates.
Please note, the imprecision that can be found in ALPS's accounting process means that the reasonable investor should take a skeptical approach toward the financial statement analysis of ALPS. Check ALPS's Beneish M Score to see the likelihood of ALPS's management manipulating its earnings.
ALPS Etf Summary
ALPS competes with Defiance Hotel, AdvisorShares Hotel, Direxion Daily, Amplify ETF, and SonicShares Global. The adviser will seek investment results that replicate as closely as possible the performance of the index. Alps Global is traded on NYSEARCA Exchange in the United States.ALPS Key Financial Ratios
ALPS Financial Ratios Relationships
Comparative valuation techniques use various fundamental indicators to help in determining ALPS's current stock value. Our valuation model uses many indicators to compare ALPS value to that of its competitors to determine the firm's financial worth. You can analyze the relationship between different fundamental ratios across ALPS competition to find correlations between indicators driving ALPS's intrinsic value. More Info.ALPS is rated fifth overall ETF in beta as compared to similar ETFs. It is considered the top ETF in one year return as compared to similar ETFs reporting about 25.45 of One Year Return per Beta. The reason why the comparable model can be used in almost all circumstances is due to the vast number of multiples that can be utilized, such as the price-to-earnings (P/E), price-to-book (P/B), price-to-sales (P/S), price-to-cash flow (P/CF), and many others. The P/E ratio is the most commonly used of these ratios because it focuses on the ALPS's earnings, one of the primary drivers of an investment's value.ALPS Market Pulse
| Quote | 25.89 |
| Change(%) | 0.00 |
| Change | 0.00 |
| Open | 25.89 |
| Low | 25.89 |
| High | 25.89 |
| Volume | 0 |
| Exchange | NASDAQ |
Steps to analyze company Financials for Investing
There are several different ways that investors can use financial statements to try and predict whether a stock price will go up or down. Unfortunately, there is no surefire formula, but there are some general guidelines you should consider when looking at the numbers. First, realize what kind of company it is so you know if its revenues are more likely to grow or shrink over time. For example, a software company's revenue is expected to increase yearly due to new products and services that its customers will want to buy. At the same time, a car manufacturer might not be able to sell as many cars when the economy slows down, so it would have less net income during those times. Second, pay attention to its debt-to-equity ratio because this number will tell you how much risk it has. If a company such as ALPS is not taking on any additional risks, its debt-to-equity should be less than one. As a general rule of thumb, if the market value or book value (which can be found in the footnotes) of assets exceeds the company's liabilities, then it is probably in good shape. Finally, use other financial statements to determine if a stock price will go up or down because investors are always looking for growth opportunities when they buy new stocks. For example, if you see that the net revenue of ALPS has grown by more than 25% over the last five years, then there is a good chance that it will continue growing by at least 20% or more each year. On the other hand, if you see that net revenue has only increased by about 15%, which is barely above inflation levels, then chances are it will not grow much faster than this over time, and investors may shy away from buying it. In summary, you can determine if ALPS's financials are consistent with your investment objective using the following steps:- Review ALPS's balance sheet accounts, such as liabilities and equity, to understand its overall financial position.
- Analyze the income statement and examine the company's revenue, expenses, and profits over time to determine its financial performance.
- Study the cash flow inflows and outflows to understand ALPS's liquidity and solvency.
- Look at the growth rates in revenue, earnings, and cash flow over time to determine its potential for future growth.
- Compare ALPS's financials to those of its peers to see how it stacks up and identify any potential red flags.
- Use valuation ratios to evaluate the company's financials using commonly used ratios such as the price-to-earnings (P/E) ratio, price-to-sales (P/S) ratio, and enterprise value-to-earnings before interest, taxes, depreciation, and amortization (EV/EBITDA) ratio to determine if ALPS's stock is overvalued or undervalued.
ALPS December 24, 2024 Opportunity Range
Along with financial statement analysis, the daily predictive indicators of ALPS help investors to analyze its daily demand and supply, volume, patterns, and price swings to determine the real value of ALPS. We use our internally-developed statistical techniques to arrive at the intrinsic value of ALPS 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's daily price indicators and compare them against related drivers.
| Downside Deviation | 1.76 | |||
| Information Ratio | 0.0613 | |||
| Maximum Drawdown | 8.59 | |||
| Value At Risk | (2.18) | |||
| Potential Upside | 2.36 |
Check out Risk vs Return Analysis to better understand how to build diversified portfolios. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in board of governors. You can also try the Idea Analyzer module to analyze all characteristics, volatility and risk-adjusted return of Macroaxis ideas.
The market value of ALPS 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's value that differs from its market value or its book value, called intrinsic value, which is ALPS'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's market value can be influenced by many factors that don't directly affect ALPS'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's value and its price as these two are different measures arrived at by different means. Investors typically determine if ALPS is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, ALPS'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.