Alger Small Cap Fund Price on November 7, 6024
| AOFIX Fund | USD 21.71 0.09 0.42% |
Below is the normalized historical share price chart for Alger Small Cap extending back to March 03, 2008. This chart has been adjusted for all splits and dividends and is plotted against all major global economic recessions. As of today, the current price of Alger Small stands at 21.71, as last reported on the 2nd of December, with the highest price reaching 21.71 and the lowest price hitting 21.71 during the day.
If you're considering investing in Alger Mutual Fund, it is important to understand the factors that can impact its price. Alger Small appears to be very steady, given 3 months investment horizon. Alger Small Cap secures Sharpe Ratio (or Efficiency) of 0.24, which signifies that the fund had a 0.24% return per unit of standard deviation over the last 3 months. We have found twenty-seven technical indicators for Alger Small Cap, which you can use to evaluate the volatility of the entity. Please makes use of Alger Small's risk adjusted performance of 0.1487, and Mean Deviation of 1.1 to double-check if our risk estimates are consistent with your expectations.
Alger Mutual Fund price history is provided at the adjusted basis, taking into account all of the recent filings.
Alger |
Sharpe Ratio = 0.2356
| Best Portfolio | Best Equity | |||
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| Small Returns | AOFIX | |||
| Cash | Small Risk | Average Risk | High Risk | Huge Risk |
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Estimated Market Risk
| 1.38 actual daily | 12 88% of assets are more volatile |
Expected Return
| 0.32 actual daily | 6 94% of assets have higher returns |
Risk-Adjusted Return
| 0.24 actual daily | 18 82% of assets perform better |
Based on monthly moving average Alger Small is performing at about 18% of its full potential. If added to a well diversified portfolio the total return can be enhanced and market risk can be reduced. You can increase risk-adjusted return of Alger Small by adding it to a well-diversified portfolio.
Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.
About Alger Small Mutual Fund history
Alger Small investors dedicate a lot of time and effort to gaining insight into how a market's past behavior relates to its future. Access to timely market data for Alger is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Alger Small Cap will depend on recognizing future opportunities and eliminating past mistakes. Historical data analysis is the study of market behavior over a given time. Recorded market-related data such as price, volatility, and volume can be quantified and studied over a defined period. Through a detailed examination of a market's past behavior, traders and investors can gain perspective on the inner workings of that market. The information obtained throughout analyzing Alger Small stock prices may prove useful in developing a viable investing in Alger Small
The fund normally invests at least 80 percent of its net assets, plus any borrowings for investment purposes, in equity securities of companies that, at the time of purchase of the securities, have total market capitalization range of the Russell 2000 Growth Index. The Russell 2000 Growth Index is a broad-based index of small capitalization stocks. It invests at least 25 percent of its total assets in technology companies focused in the fields of medicine and information.
Alger Small Mutual Fund Technical Analysis
Alger Small technical mutual fund analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, fund market cycles, or different charting patterns.
Price Boundaries
Alger Small Period Price Range
Low | December 2, 2024
| High |
0.00 | 0.00 |
Alger Small Cap cannot be verified against its exchange. Please verify the symbol is currently traded on NMFQS Exchange. If you still believe the symbol you are trying to look up is valid, please let us know, and we will check it as soon as possible.
Alger Small December 2, 2024 Market Strength
Market strength indicators help investors to evaluate how Alger Small mutual fund reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Alger Small shares will generate the highest return on investment. By undertsting and applying Alger Small mutual fund market strength indicators, traders can identify Alger Small Cap entry and exit signals to maximize returns
Alger Small Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Alger Small's price direction in advance. Along with the technical and fundamental analysis of Alger Mutual Fund historical price patterns, it is also worthwhile for investors to track various predictive indicators of Alger to make sure they correctly time the market and exploit it's hidden potentials. Even though most predictive indicators are useful for the short-term horizon, it's virtually impossible to predict the unforeseen market. For traders with a short-term horizon, predictive indicators add value when properly applied. Long-term investors, however, may find many predictive indicators less useful.
| Risk Adjusted Performance | 0.1487 | |||
| Jensen Alpha | 0.0697 | |||
| Total Risk Alpha | 0.0212 | |||
| Sortino Ratio | 0.0989 | |||
| Treynor Ratio | 0.1731 |
| Cycle Indicators | ||
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| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
Other Information on Investing in Alger Mutual Fund
Alger Small financial ratios help investors to determine whether Alger Mutual Fund is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in Alger with respect to the benefits of owning Alger Small security.
| Portfolio Backtesting Avoid under-diversification and over-optimization by backtesting your portfolios | |
| Analyst Advice Analyst recommendations and target price estimates broken down by several categories | |
| Alpha Finder Use alpha and beta coefficients to find investment opportunities after accounting for the risk | |
| Fundamental Analysis View fundamental data based on most recent published financial statements |