ALTS.PA's price is influenced by: Underlying Asset Performance: The ETF's value mirrors the performance of its underlying alternative assets like hedge funds or private equity.

Supply and Demand: Higher demand pushes the price up; increased selling pressure lowers it.

Net Asset Value (NAV): NAV reflects the total value of the ETF's holdings after deducting liabilities. A divergence between price and NAV can create arbitrage opportunities.

Market Sentiment: General investor confidence or fear affects investment decisions impacting demand.

Fees and Expenses: Management fees and operational costs directly reduce returns affecting the ETF's attractiveness.

Liquidity: Higher trading volume generally leads to tighter bid-ask spreads, making it easier to buy/sell without significantly impacting the price.

Index Tracking: How closely the ETF tracks its benchmark index affects its performance and thus its price.

Alternative Asset Valuations: Challenges in valuing illiquid underlying assets can introduce pricing uncertainties.

Economic Conditions: Macroeconomic factors like interest rates and inflation can influence the perceived attractiveness of alternative investments.