Alger 35 Valuation
| ATFV Etf | USD 25.11 0.33 1.30% |
At this time, the entity appears to be undervalued. Alger 35 ETF shows a prevailing Real Value of $27.37 per share. The current price of the entity is $25.11. Our model approximates the value of Alger 35 ETF from analyzing the entity fundamentals such as beta of 1.15, and Net Asset of 9.05 M as well as examining its technical indicators and probability of bankruptcy.
Undervalued
Today
Please note that Alger 35's price fluctuation is very steady at this time. Calculation of the real value of Alger 35 ETF is based on 3 months time horizon. Increasing Alger 35's time horizon generally increases the accuracy of value calculation and significantly improves the predictive power of the methodology used.
The fair value of the Alger etf is determined by what a typical buyer is willing to pay for full or partial control of Alger 35 ETF. Since Alger 35 is currently traded on the exchange, buyers and sellers on that exchange determine the market value of Alger Etf. However, Alger 35's intrinsic value may or may not be the same as its current market price, in which case there is an opportunity to profit from the mispricing, assuming the market price will eventually merge with its intrinsic value. | Historical | Market 25.11 | Real 27.37 | Hype 25.11 | Naive 25.08 |
The intrinsic value of Alger 35's stock can be calculated using various methods such as discounted cash flow analysis, price-to-earnings ratio, or price-to-book ratio. That value may differ from its current market price, which is determined by supply and demand factors such as investor sentiment, market trends, news, and other external factors that may influence Alger 35's stock price. It is important to note that the real value of any stock may change over time based on changes in the company's performance.
Estimating the potential upside or downside of Alger 35 ETF helps investors to forecast how Alger etf's addition to their portfolios will impact the overall performance. We also use other valuation drivers to help us estimate the true value of Alger 35 more accurately as focusing exclusively on Alger 35's fundamentals will not take into account other important factors: About Alger 35 Valuation
Our relative valuation model uses a comparative analysis of Alger 35. We calculate exposure to Alger 35's market risk, different technical and fundamental indicators, and relevant financial multiples and ratios and then compare them to those of Alger 35's related companies.Under normal circumstances, the fund invests in a stock portfolio of approximately 35 equity securities of companies of any market capitalization that the Manager believes are undergoing Positive Dynamic Change. Alger 35 is traded on NYSEARCA Exchange in the United States.
Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Alger 35 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 census. You can also try the Global Markets Map module to get a quick overview of global market snapshot using zoomable world map. Drill down to check world indexes.
The market value of Alger 35 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 35's value that differs from its market value or its book value, called intrinsic value, which is Alger 35'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 35's market value can be influenced by many factors that don't directly affect Alger 35'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 35's value and its price as these two are different measures arrived at by different means. Investors typically determine if Alger 35 is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Alger 35'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.