(CNEQ) The Alger Trust - Ratings and Ratios
Exchange: NYSE ARCA • Country: USA • Currency: USD • Type: Etf • • Large Growth
CNEQ: Software, Hardware, Semiconductors, IT, Communications
The Alger ETF Trust (NYSE ARCA:CNEQ) is a non-diversified exchange-traded fund (ETF) primarily targeting large-capitalization companies exhibiting strong growth potential. The fund allocates at least 25% of its total assets to industries such as software, technology hardware, semiconductors, information technology services, electronic equipment, communications equipment, broadline retail, and interactive media and services. This focus reflects a strategic emphasis on sectors driving technological innovation and digital transformation. The funds investment strategy leverages a combination of quantitative and qualitative analysis to identify companies with sustainable competitive advantages and robust earnings growth prospects.
Over the next three months, CNEQ is expected to face headwinds due to its current price of 23.83 trading below its SMA 20 (26.17) and SMA 50 (26.46), indicating potential near-term resistance levels. The SMA 200 (23.80) suggests a critical support level, with the funds price hovering slightly above this threshold. The ATR of 0.60 signals moderate volatility, while the average 20-day volume of 28,401 shares indicates limited liquidity. With an AUM of $24.01M, the funds smaller size may result in higher sensitivity to market movements. Overall, the technical outlook suggests a cautious stance, with potential sideways trading or slight downside risk unless the price breaks above the SMA 20 and SMA 50 levels.
Additional Sources for CNEQ ETF
Tweets: X Stocktwits
Fund Manager Positions: Dataroma Stockcircle
CNEQ ETF Overview
Market Cap in USD | 23m |
Category | Large Growth |
TER | 0.55% |
IPO / Inception | 2024-04-04 |
CNEQ ETF Ratings
Growth 5y | 45.3% |
Fundamental | - |
Dividend | 7.19% |
Rel. Strength Industry | 8.56 |
Analysts | - |
Fair Price Momentum | 21.35 USD |
Fair Price DCF | - |
CNEQ Dividends
Dividend Yield 12m | 0.18% |
Yield on Cost 5y | 0.20% |
Annual Growth 5y | -100.00% |
Payout Consistency | 100.0% |
CNEQ Growth Ratios
Growth Correlation 3m | -32% |
Growth Correlation 12m | 89.1% |
Growth Correlation 5y | 89.1% |
CAGR 5y | 18.77% |
CAGR/Max DD 5y | 0.97 |
Sharpe Ratio 12m | 2.27 |
Alpha | 4.24 |
Beta | 1.59 |
Volatility | 44.50% |
Current Volume | 12.8k |
Average Volume 20d | 12.7k |
As of March 15, 2025, the stock is trading at USD 23.85 with a total of 12,754 shares traded.
Over the past week, the price has changed by +0.08%, over one month by -14.97%, over three months by -12.02% and over the past year by +18.77%.
Partly, yes. Based on ValueRay Analyses, The Alger Trust (NYSE ARCA:CNEQ) is currently (March 2025) ok to buy, but has to be watched. It has a Growth Technical Rating of 45.33 and therefor an somewhat technical positive rating according to historical growth.
Based on ValueRays Analyses, Dividends and Discounted-Cash-Flow, the Fair Value of CNEQ as of March 2025 is 21.35. This means that CNEQ is currently overvalued and has a potential downside of -10.48%.
The Alger Trust has no consensus analysts rating.
According to ValueRays Forecast Model, CNEQ The Alger Trust will be worth about 25.1 in March 2026. The stock is currently trading at 23.85. This means that the stock has a potential upside of +5.37%.
Issuer | Forecast | Upside |
---|---|---|
Wallstreet Target Price | - | - |
Analysts Target Price | - | - |
ValueRay Target Price | 25.1 | 5.4% |