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ALAI - ETF AI Analysis
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Alger AI Enablers & Adopters ETF (ALAI)
Rating:69Neutral
Price Target:―
Positive Factors
Strong Top Holdings
Several key holdings, including Nvidia and AppLovin, have delivered strong year-to-date performance, driving the ETF's overall gains.
Sector Focus on Growth Industries
The ETF is heavily weighted in technology and communication services, sectors with high growth potential.
Healthy Year-to-Date Performance
The fund has shown solid year-to-date returns, indicating strong momentum in its portfolio.
Negative Factors
High Geographic Concentration
With nearly all holdings based in the U.S., the ETF lacks diversification across international markets.
Overweight in Few Stocks
The top three holdings—Nvidia, AppLovin, and Microsoft—make up over 30% of the portfolio, increasing concentration risk.
Mixed Short-Term Performance
The ETF's one-month performance has been slightly negative, suggesting short-term volatility.
ALAI vs. SPDR S&P 500 ETF (SPY)
AUM297.52M
RegionGlobal
Expense Ratio0.55%
Beta1.59
IssuerAlger
Inception DateApr 05, 2024
Dividend Yield1.48%
Asset ClassEquity
Index TrackedNo Underlying Index
Share Statistics
EPS (TTM)N/A
Shares OutstandingN/A
10 Day Avg. Volume134,779
30 Day Avg. Volume95,482
Financial Highlights & Ratios
PEG RatioN/A
Price to Book (P/B)N/A
Price to Sales (P/S)N/A
P/FCF RatioN/A
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
46.25Price Target Upside― Downside
Rating ConsensusStrong Buy
Number of Analyst Covering59
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
ALAI Summary
The Alger AI Enablers & Adopters ETF (ALAI) is an investment fund focused on companies driving innovation in artificial intelligence and robotics. It includes well-known names like Nvidia and Microsoft, which are leaders in AI technology and adoption. This ETF is ideal for investors who want to tap into the growth potential of cutting-edge industries like automation and machine learning. However, since it heavily invests in technology and communication services, its performance can be sensitive to changes in these sectors and broader market trends.
How much will it cost me?The Alger AI Enablers & Adopters ETF (ALAI) has an expense ratio of 0.55%, which means you’ll pay $5.50 per year for every $1,000 invested. This is slightly higher than the average for ETFs because it is actively managed and focuses on a specialized theme like AI and robotics, requiring more research and expertise. However, this cost reflects the potential value of accessing a curated portfolio of innovative companies in a high-growth sector.
What would affect this ETF?The Alger AI Enablers & Adopters ETF (ALAI) could benefit from increasing global adoption of AI and robotics, as well as continued innovation in technology and communication services, which make up a significant portion of its holdings. However, challenges such as regulatory scrutiny on AI, potential economic slowdowns, or rising interest rates could negatively impact growth-focused companies like Nvidia, Microsoft, and Meta Platforms that dominate the ETF's portfolio.
ALAI Top 10 Holdings
The Alger AI Enablers & Adopters ETF is riding the wave of AI innovation, with Nvidia and TSMC leading the charge thanks to their focus on cutting-edge technologies and strong financial performance. Alphabet and Tesla are also contributing positively, bolstered by strategic investments in AI and steady growth momentum. However, Meta Platforms and Nebius Group are holding the fund back, with mixed signals and valuation concerns weighing on their performance. With a heavy tilt toward the technology sector and global exposure, this ETF is a concentrated bet on the transformative power of AI and robotics.
Name | Company Name | Weight % | Market Value | Market Cap | Yearly Gain | Overall Rating |
|---|---|---|---|---|---|---|
| Nvidia | 12.32% | $30.52M | $4.60T | 32.07% | 76 Outperform | |
| Microsoft | 9.63% | $23.84M | $3.59T | 12.61% | 79 Outperform | |
| Meta Platforms | 7.90% | $19.56M | $1.64T | 5.79% | 76 Outperform | |
| Amazon | 6.36% | $15.76M | $2.58T | 10.88% | 71 Outperform | |
| Nebius Group | 5.49% | $13.61M | $24.23B | 216.52% | 46 Neutral | |
| TSMC | 4.63% | $11.47M | $1.37T | 53.54% | 81 Outperform | |
| AppLovin | 4.38% | $10.85M | $213.90B | 92.26% | 74 Outperform | |
| Alphabet Class C | 3.87% | $9.58M | $3.89T | 65.02% | 82 Outperform | |
| Broadcom | 3.74% | $9.27M | $1.63T | 44.99% | 76 Outperform | |
| Tesla | 3.19% | $7.89M | $1.43T | 10.34% | 73 Outperform |
ALAI Technical Analysis
Positive
―
Price Trends
36.37
Positive
35.97
Positive
31.72
Positive
Market Momentum
0.17
Negative
50.94
Neutral
70.20
Neutral
Evaluating momentum and price trends is crucial in ETF analysis to make informed investment decisions. For ALAI, the sentiment is Positive. The current price of undefined is equal to the 20-day moving average (MA) of 36.45, equal to the 50-day MA of 36.37, and equal to the 200-day MA of 31.72, indicating a bullish trend. The MACD of 0.17 indicates Negative momentum. The RSI at 50.94 is Neutral, neither overbought nor oversold. The STOCH value of 70.20 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for ALAI.
ALAI Peer Comparison
Comparison Results
Performance Comparison
ALAI
Alger AI Enablers & Adopters ETF
36.56
10.34
39.44%
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Glossary
BuyAn ETF rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the ETF is likely to deliver higher returns compared to other ETFs in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldAn ETF rated as a "Hold" s expected to perform in line with the overall market or a specific benchmark. This rating indicates that the ETF is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellAn ETF rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the ETF may deliver lower returns compared to other ETFs in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst ETF Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in ETFs carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.Date of analysis: ―
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