Firsthand Alternative Energy Fund Volatility
| ALTEX Fund | USD 11.86 -0.10 -0.84% |
Firsthand Alternative Energy shows a moderate volatility profile over the current evaluation window. Firsthand Alternative Energy continues to report a Sharpe Ratio (Efficiency) of 0.11, reflecting risk-adjusted gains over the last 3 months. The current setup includes 26 technical indicators relevant to risk behavior.
Sharpe Ratio = 0.1088
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| Small Returns | ALTEX | |||
| Cash | Small Risk | Average Risk | High Risk | Huge Risk |
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Firsthand Alternative Energy posted a Market Risk Adjusted Performance of 0.3%, a Risk of 2.11, and a Risk Adjusted Performance of 0.1% for the reported period. Recent moving average trends suggest FIRSTHAND ALTERNATIVE is tracking at about 8% of its historical return corridor. Portfolio-level outcomes depend on how the asset interacts with other holdings.
Key indicators related to FIRSTHAND ALTERNATIVE's volatility include:90 Days Market Risk | Chance Of Distress | 90 Days Economic Sensitivity |
The volatility profile of FIRSTHAND ALTERNATIVE determines how much FIRSTHAND ALTERNATIVE's price can move in either direction over a given time frame. Investors use volatility estimates to size positions, set stop-loss levels, and price the cost of hedging FIRSTHAND ALTERNATIVE exposure.
FIRSTHAND |
Volatility Strategy
Volatility in Firsthand Alternative Energy reflects changing market conditions that influence diversification outcomes. Current statistical measures show total volatility near 2.11% with a beta coefficient of 1.26, indicating sensitivity relative to the broader market benchmark. Risk-adjusted efficiency, represented by a Sharpe ratio of 0.11, evaluates return per unit of total risk. An alpha value of 0.38 reflects performance relative to systematic market exposure. Expected return estimates near 0.23% are derived from historical distribution modeling and help frame forward-looking return assumptions within a portfolio context. Volatility effects depend on underlying market structure and exposure characteristics.
Main indicators related to FIRSTHAND ALTERNATIVE's market risk premium analysis include:
Beta 1.26 | Alpha 0.38 | Risk 2.11 | Sharpe Ratio 0.11 | Expected Return 0.23 |
Moving together with FIRSTHAND Mutual Fund
| 0.89 | FAIRX | THE FAIRHOLME | PairCorr |
| 0.93 | GCEBX | Goldman Sachs Clean Steady Growth | PairCorr |
| 0.95 | GCEGX | Goldman Sachs Clean Steady Growth | PairCorr |
| 0.95 | GCEJX | Goldman Sachs Clean Steady Growth | PairCorr |
| 0.95 | GCEPX | Goldman Sachs Clean Steady Growth | PairCorr |
| 0.95 | GCEDX | Goldman Sachs Clean Steady Growth | PairCorr |
| 0.95 | GCEEX | Goldman Sachs Clean Steady Growth | PairCorr |
| 0.85 | FTYPX | Fidelity Freedom Index | PairCorr |
| 0.91 | FFBTX | Fidelity Freedom Blend | PairCorr |
| 0.84 | GAAVX | Gmo Alternative | PairCorr |
| 0.74 | GCAVX | Gmo Small Cap | PairCorr |
| 0.78 | GHVIX | Gmo High Yield | PairCorr |
| 0.64 | GMCQX | Gmo Equity Allocation | PairCorr |
| 0.91 | WTLTX | Westcore Flexible Income | PairCorr |
| 0.9 | GLOSX | Pioneer Global Equity | PairCorr |
| 0.92 | WEDRX | William Blair Emerging | PairCorr |
| 0.9 | FZICX | Fidelity Intermediate | PairCorr |
| 0.63 | MWMZX | VanEck Morningstar Wide | PairCorr |
| 0.91 | MXSDX | Great West Short | PairCorr |
| 0.9 | KBIWX | Kbi Global Investors | PairCorr |
| 0.76 | PJEAX | Prudential Real Estate | PairCorr |
| 0.88 | NEMUX | Nebraska Municipal | PairCorr |
Moving against FIRSTHAND Mutual Fund
Sensitivity To Market
FIRSTHAND ALTERNATIVE'sThe beta coefficient of 1.26 for Firsthand Alternative Energy measures how its returns respond to broader market changes. In regression terms, beta captures the slope between asset returns and index returns. Historical volatility is currently near 2.11%.Firsthand Alternative Energy return patterns over the selected horizon reflect a moderate level of variability, based on dispersion and downside-focused statistics. Funds with more equity exposure typically show higher volatility than more bond-heavy funds.
| α | 0.38 | β | 1.26 | Check current 90 days FIRSTHAND ALTERNATIVE correlation with market (Dow Jones Industrial)
Downside Risk
FIRSTHAND standard deviation quantifies the typical daily price movement relative to its average over your selected period. Volatile instruments show high standard deviation; stable instruments show low.
Standard Deviation | 2.11 |
The difference between upside risk and downside risk is meaningful for FIRSTHAND ALTERNATIVE investors. Upside risk is measured by FIRSTHAND ALTERNATIVE's standard deviation, while downside risk is captured by semi-deviation or downside deviation of FIRSTHAND ALTERNATIVE's daily returns. Firsthand Alternative Energy posted a Downside Deviation of 2.10, a Downside Variance of 4.41, and a Maximum Drawdown of 13.10 for the reported period.
Mutual Fund Volatility Analysis
When measuring the risk of FIRSTHAND ALTERNATIVE mutual fund, volatility is a critical metric. It indicates how dramatically FIRSTHAND ALTERNATIVE's price swings over a specific time horizon. A mutual fund with high volatility can produce outsized gains or losses compared to a low-volatility alternative.
Transformation |
The output start index for this execution was zero with a total number of output elements of sixty-one. Firsthand Alternative Average Price is the average of the sum of open, high, low and close daily prices of a bar. It can be used to smooth an indicator that normally takes just the closing price as input.
FIRSTHAND ALTERNATIVE Projected Return Density Against Market
Assuming a 90-day horizon the mutual fund has the beta coefficient of 1.2629 . This suggests as the benchmark fluctuates upward, the fund is expected to outperform it on average. However, if the benchmark returns are projected to be negative, FIRSTHAND ALTERNATIVE will likely underperform.FIRSTHAND ALTERNATIVE carries exposure to broad market movements as well as company or sector-specific developments. While portfolio diversification can reduce asset-level risk, systematic volatility cannot be avoided. Standard deviation and beta quantify this exposure. Firsthand Alternative Energy posted a Downside Deviation of 2.10, a Mean Deviation of 1.72, and a Semi Deviation of 1.87 for the reported period.
Predicted Return Density |
| Returns |
What Drives a FIRSTHAND ALTERNATIVE Price Volatility?
Several factors can influence a fund's market volatility:Industry
Specific events can influence volatility within a particular industry. For instance, a significant weather upheaval in a crucial oil-production site may cause oil prices to increase in the oil sector. The direct result will be the rise in the stock price of oil distribution companies. Similarly, any government regulation in a specific industry could negatively influence stock prices due to increased regulations on compliance that may impact the company's future earnings and growth.Political and Economic environment
When governments make significant decisions regarding trade agreements, policies, and legislation regarding specific industries, they will influence stock prices. Everything from speeches to elections may influence investors, who can directly influence the stock prices in any particular industry. The prevailing economic situation also plays a significant role in stock prices. When the economy is doing well, investors will have a positive reaction and hence, better stock prices and vice versa.The Company's Performance
Sometimes volatility will only affect an individual company. For example, a revolutionary product launch or strong earnings report may attract investor attention to the company. This positive attention may impact the company's stock price. In contrast, product recalls and data breaches may negatively influence a company's stock prices.Mutual Fund Risk Measures
Assuming a 90-day horizon the coefficient of variation of FIRSTHAND ALTERNATIVE is 918.92. The daily returns are distributed with a variance of 4.45 and standard deviation of 2.11. The mean deviation of Firsthand Alternative Energy is currently at 1.67. For similar time horizon, the selected benchmark (Dow Jones Industrial) has volatility of 0.8
α | Alpha over Dow Jones | 0.38 | |
β | Beta against Dow Jones | 1.26 | |
σ | Overall volatility | 2.11 | |
Ir | Information ratio | 0.16 |
Mutual Fund Return Volatility
FIRSTHAND ALTERNATIVE historical daily return volatility represents how much of FIRSTHAND ALTERNATIVE fund's daily returns swing around its mean - it is a statistical measure of its dispersion of returns. The fund shows 2.1098% volatility of returns over 90 trading days. By contrast, Dow Jones Industrial accepts 0.792% volatility on return distribution over a 90-day horizon. Performance |
| Timeline |
Related Correlations Analysis
Correlation Matchups
Over a given time period, the two securities move together when the Correlation Coefficient is positive. Conversely, the two assets move in opposite directions when the Correlation Coefficient is negative. Determining your positions' relationship to each other is valuable for analyzing and projecting your portfolio's future expected return and risk.High positive correlations
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Risk-Adjusted Indicators
There is a big difference between FIRSTHAND Mutual Fund performing well and FIRSTHAND ALTERNATIVE Mutual Fund 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 FIRSTHAND ALTERNATIVE'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| FIRQX | 0.17 | 0.01 | 0.17 | 0.01 | 0.24 | 0.36 | 1.15 | |||
| CNJFX | 0.91 | 0.11 | 0.11 | 0.13 | 1.02 | 2.06 | 5.66 | |||
| QSML | 0.81 | -0.07 | 0.00 | 1.66 | 0.00 | 1.77 | 5.64 | |||
| FSYJX | 0.93 | 0.14 | 0.10 | 0.11 | 1.36 | 2.00 | 7.85 | |||
| FIRVX | 0.24 | 0.01 | 0.13 | 0.00 | 0.34 | 0.48 | 1.68 | |||
| FFIDX | 0.56 | -0.05 | 0.00 | -0.12 | 0.00 | 0.95 | 3.17 | |||
| FIRSX | 0.20 | 0.01 | 0.14 | 0.00 | 0.28 | 0.41 | 1.40 | |||
| CAFRX | 1.04 | 0.09 | 0.04 | 0.06 | 2.08 | 1.97 | 8.55 | |||
| FVALX | 0.35 | 0.08 | 0.26 | -1.04 | 0.22 | 0.95 | 2.08 | |||
| RCKSX | 0.62 | 0.12 | 0.17 | 0.12 | 0.63 | 1.27 | 3.62 |
Risk Metrics, Assumptions & Methodology
Volatility for FIRSTHAND ALTERNATIVE reflects NAV dispersion and exposure stability across disclosure periods. Standard deviation provides a baseline measure of variability magnitude.
This section for Firsthand Alternative Energy is built from fund disclosures and market reference feeds, with harmonization applied to align reporting definitions. Values may update on different source schedules. Volatility and downside metrics are estimated from historical return dispersion.
This content is curated and reviewed by:
Michael Smolkin - Member of Macroaxis Board of DirectorsFIRSTHAND ALTERNATIVE Investment Opportunity
Measured over the selected horizon, Firsthand Alternative Energy carries roughly 2.67 times the return volatility of Dow Jones Industrial. That added volatility may be acceptable only if the position is expected to deliver stronger return efficiency or diversification value.You can use Firsthand Alternative Energy to protect your portfolios against small market fluctuations. This directional read frames the latest price swing through a simple momentum and follow-through lens. It works best as a directional cue rather than as a standalone forecast. a moderate downward daily trend and can be a good diversifier. Check odds of FIRSTHAND ALTERNATIVE to be traded at $11.62 in 90 days.Very weak diversification
Across the chosen horizon, ALTEX and DJI show a correlation of 0.46 and fall into the Very weak diversification bucket. In portfolio terms, the overlap visualization shows how much shared movement remains after both positions are combined.
FIRSTHAND ALTERNATIVE Additional Risk Indicators
Risk analysis around Firsthand Alternative Energy becomes more useful when investors review secondary indicators that can confirm, refine, or challenge the basic volatility picture. Used correctly, these measures can support both standalone risk assessment and portfolio-level hedging decisions.
| Risk Adjusted Performance | 0.1242 | |||
| Market Risk Adjusted Performance | 0.2686 | |||
| Mean Deviation | 1.72 | |||
| Semi Deviation | 1.87 | |||
| Downside Deviation | 2.1 | |||
| Coefficient Of Variation | 675.3 | |||
| Standard Deviation | 2.27 |
FIRSTHAND ALTERNATIVE Suggested Diversification Pairs
Pair trading with FIRSTHAND ALTERNATIVE can help investors hedge some company-specific exposure by balancing a long view with an offsetting position. The key question is whether the second leg adds real hedge value instead of just creating a more complex version of the same risk.
The effect of pair diversification on risk is to reduce it, but we should note this doesn't apply to all risk types. When we trade pairs against FIRSTHAND ALTERNATIVE as a counterpart, there is always some inherent risk that will never be diversified away no matter what. This volatility limits the effect of tactical diversification using pair trading. FIRSTHAND ALTERNATIVE's systematic risk is the inherent uncertainty of the entire market, and therefore cannot be mitigated even by pair-trading it against the equity that is not highly correlated to it. On the other hand, FIRSTHAND ALTERNATIVE's unsystematic risk describes the types of risk that we can protect against, at least to some degree, by selecting a matching pair that is not perfectly correlated to Firsthand Alternative Energy.