Alps Equal Sector Etf Price on November 20, 2024
| EQL Etf | USD 130.35 0.31 0.24% |
Below is the normalized historical share price chart for ALPS Equal Sector extending back to July 07, 2009. This chart has been adjusted for all splits and dividends and is plotted against all major global economic recessions. As of today, the current price of ALPS Equal stands at 130.35, as last reported on the 24th of January, with the highest price reaching 130.35 and the lowest price hitting 130.04 during the day.
If you're considering investing in ALPS Etf, it is important to understand the factors that can impact its price. As of now, ALPS Etf is very steady. ALPS Equal Sector secures Sharpe Ratio (or Efficiency) of 0.0604, which signifies that the etf had a 0.0604 % return per unit of risk over the last 3 months. We have found thirty technical indicators for ALPS Equal Sector, which you can use to evaluate the volatility of the entity. Please confirm ALPS Equal's mean deviation of 0.5013, and Risk Adjusted Performance of 0.0273 to double-check if the risk estimate we provide is consistent with the expected return of 0.0416%.
ALPS Etf price history is provided at the adjusted basis, taking into account all of the recent filings.
3 y Volatility 16.7 | 200 Day MA 122.9382 | 1 y Volatility 12.02 | 50 Day MA 128.9822 | Inception Date 2009-07-06 |
ALPS |
Sharpe Ratio = 0.0604
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| Negative Returns | EQL |
Estimated Market Risk
| 0.69 actual daily | 6 94% of assets are more volatile |
Expected Return
| 0.04 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
| 0.06 actual daily | 4 96% of assets perform better |
Based on monthly moving average ALPS Equal is performing at about 4% 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 ALPS Equal by adding it to a well-diversified portfolio.
Average Mkt Cap Mil 122.3 K |
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ALPS Equal Valuation on November 20, 2024
It is possible to determine the worth of ALPS Equal on a given historical date. On November 20, 2024 ALPS was worth 128.54 at the beginning of the trading date compared to the closed value of 129.22. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of ALPS Equal etf. Still, in general, we apply an absolute valuation method to find ALPS Equal's value based on its fundamental and technical indicators available within our service. As compared to an absolute model, our relative valuation model uses a comparative analysis of ALPS Equal where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against ALPS Equal's related companies.
| Open | High | Low | Close | Volume | |
| 128.19 | 129.11 | 127.93 | 128.99 | 7,113 | |
11/20/2024 | 128.54 | 129.23 | 128.41 | 129.22 | 5,082 |
| 130.26 | 130.59 | 130.19 | 130.43 | 4,778 |
| Backtest ALPS Equal | | | ALPS Equal History | | | ALPS Equal Valuation | Previous | Next |
ALPS Equal Trading Date Momentum on November 20, 2024
| On November 21 2024 ALPS Equal Sector was traded for 130.43 at the closing time. Highest ALPS Equal's price during the trading hours was 130.59 and the lowest price during the day was 130.19 . The net volume was 4.8 K. The overall trading history on the 21st of November contributed to the next trading period price upswing. The overall trading delta to the next next day price was 0.94% . The overall trading delta to current price is 2.34% . |
ALPS Equal Sector Fundamentals Correlations and Trends
By evaluating ALPS Equal's financials over time, investors can gain insight into future company performance. However, you can also analyze the published financial statements to find patterns among ALPS Equal's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. ALPS financial account trend analysis is a perfect complement when working with valuation or volatility modules.About ALPS Equal Etf history
ALPS Equal investors dedicate a lot of time and effort to gaining insight into how a market's past behavior relates to its future. Access to timely market data for ALPS is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in ALPS Equal Sector will depend on recognizing future opportunities and eliminating past mistakes. Historical data analysis is the study of market behavior over a given time. Recorded market-related data such as price, volatility, and volume can be quantified and studied over a defined period. Through a detailed examination of a market's past behavior, traders and investors can gain perspective on the inner workings of that market. The information obtained throughout analyzing ALPS Equal stock prices may prove useful in developing a viable investing in ALPS Equal
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.
ALPS Equal Etf Technical Analysis
ALPS Equal 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.
Price Boundaries
ALPS Equal Period Price Range
Low | January 24, 2025
| High |
0.00 | 0.00 |
ALPS Equal Sector cannot be verified against its exchange. Please verify the symbol is currently traded on NYSE ARCA Exchange. If you still believe the symbol you are trying to look up is valid, please let us know, and we will check it as soon as possible.
ALPS Equal January 24, 2025 Market Strength
Market strength indicators help investors to evaluate how ALPS Equal etf reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading ALPS Equal shares will generate the highest return on investment. By undertsting and applying ALPS Equal etf market strength indicators, traders can identify ALPS Equal Sector entry and exit signals to maximize returns
ALPS Equal Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for ALPS Equal's price direction in advance. Along with the technical and fundamental analysis of ALPS Etf historical price patterns, it is also worthwhile for investors to track various predictive indicators of ALPS to make sure they correctly time the market and exploit it's hidden potentials. Even though most predictive indicators are useful for the short-term horizon, it's virtually impossible to predict the unforeseen market. For traders with a short-term horizon, predictive indicators add value when properly applied. Long-term investors, however, may find many predictive indicators less useful.
| Risk Adjusted Performance | 0.0273 | |||
| Jensen Alpha | 0.0015 | |||
| Total Risk Alpha | (0.02) | |||
| Sortino Ratio | (0.04) | |||
| Treynor Ratio | 0.0429 |
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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 Portfolio Suggestion module to get suggestions outside of your existing asset allocation including your own model 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.