ALFA AlphaClone Alternative Alpha ETF
- Hedge Fund
ALFA - Profile
- Issuer: Exchange Traded Concepts
- Structure: ETF
- Expense Ratio: 0.95%
- ETF Home Page: ALFA
- Inception: May 31, 2012
- Tax Form: 1099
- ALFA Tracks This Index: AlphaClone Hedge Fund Long/Short Index
- 52 Week Lo: $35.71
- 52 Week Hi: $46.44
- AUM: $138.1 M
- Shares: 3.0 M
Alternative ETFs in the Hedge Fund Category
|Type||Ticker||Expense Ratio||Assets||Avg. Daily Vol||YTD Return|
|Most Liquid (Volume)|
|Top YTD Performer|
The index tracks the performance of US-traded equity securities to which hedge funds and institutional investors have disclosed significant exposure. The proprietary index methodology developed by AlphaClone ranks hedge funds and institutional investors based on the efficacy of replicating their publicity disclosed positions. Equities are selected from those managers with the highest ranking, or Clone Score. The index is risk managed in that it can vary between being long only and market hedged based on certain rules-driven relative price targets tied to a broad market index.
ALFA - Realtime Rating
Realtime Rating Summary
ALFA is a passive ETF that seeks to replicate AlphaClone Hedge Fund Long/Short Index. The index tracks the performance of US-traded equity securities to which hedge funds and institutional investors have disclosed significant exposure. The proprietary index methodology developed by AlphaClone ranks hedge funds and institutional investors based on the efficacy of replicating their publicity disclosed positions. Equities are selected from those managers with the highest ranking, or Clone Score. The index is risk managed in that it can vary between being long only and market hedged based on certain rules-driven relative price targets tied to a broad market index.
The adjacent table gives investors an individual Realtime Rating for ALFA on several different metrics, including liquidity, expenses, performance, volatility, dividend, concentration of holdings in addition to an overall rating. The "A+ Metric Rated ETF" field, available to ETFdb Pro members, shows the ETF in the Hedge Fund with the highest Metric Realtime Rating for each individual field. To view all of this data, sign up for a free 14-day trial for ETFdb Pro. To view information on how the ETFdb Realtime Ratings work, click here.
ALFA In-Depth Analysis
The following tables and charts contain in-depth metrics for ALFA and compare it to similar peer ETFs within its ETFdb Category.
ALFA - HoldingsFilings Data as of: Apr 05, 2015
Top Ten Holdings
AAPL 4.07%Apple Inc
BIIB 3.29%Biogen Inc
BIDU 3.24%Baidu Inc ADR
VRX 3.16%Valeant Pharmaceuticals International Inc
CPN 2.27%Calpine Corp
SPR 2.24%Spirit AeroSystems Holdings Inc
TDG 2.11%TransDigm Group Inc
TWC 2.09%Time Warner Cable Inc
DAL 2.08%Delta Air Lines Inc
BABA 2.07%Alibaba Group Holding Ltd ADR
This section compares how balanced and deep ALFA is relative to the peer group ETFdb Category.
ALFA Asset Allocation
ALFA Sector Breakdown
ALFA Market Cap Breakdown
ALFA Region Breakdown
ALFA Market Tier Breakdown
ALFA Country Breakdown
ALFA - Expenses & Fees
This section compares the cost efficiency of ALFA to peers in the same ETFdb Category.
Expenses Ratio Analysis
Commission Free Trading in ALFA
ALFA is not currently available for commission free trading on any platforms.
Category Commission Free Trading
There are 7 other ETFs in the Hedge Fund ETFdb Category that are also eligible for commission free trading:
ALFA - Performance
This section shows how ALFA has performed relative to its peer group ETFdb Category.
ALFA - Charts
The following charts can be customized to display historical performance in a number of different formats, including line charts, bar charts, and candlesticks. Time periods can be adjusted to increase or decrease the period shown, ranging from five minutes to several months.
The following chart also includes the option to compare the performance of ALFA relative to other ETFs and benchmarks or to include indicators such as Bollinger Bands, relative strength, and moving averages.
ALFA - Technicals
ALFA Volatility Analysis
This section shows how the volatility of ALFA compares to the peer group ETFdb Category.
- 20 Day MA: $45.63
- 60 Day MA: $44.57
- MACD 15 Period: 0.41
- MACD 100 Period: 2.69
- Williams % Range 10 Day: 16.55
- Williams % Range 20 Day: 11.44
- RSI 10 Day: 62
- RSI 20 Day: 60
- RSI 30 Day: 60
- Ultimate Oscillator: 55
ALFA Bollinger Bands
- Lower Bollinger (10 Day): $45.36
- Upper Bollinger (10 Day): $46.38
- Lower Bollinger (20 Day): $44.79
- Upper Bollinger (20 Day): $46.43
- Lower Bollinger (30 Day): $44.40
- Upper Bollinger (30 Day): $46.50
ALFA Support & Resistance
- Support Level 1: $46.07
- Support Level 2: $45.94
- Resistance Level 1: $46.32
- Resistance Level 2: $46.44
- Stochastic Oscillator %D (1 Day): 68.48
- Stochastic Oscillator %D (5 Day): 81.01
- Stochastic Oscillator %K (1 Day): 65.63
- Stochastic Oscillator %K (5 Day): 70.04
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