Alger Weatherbie Specialized Fund Price on November 14, 2023
| ASYMX Fund | USD 15.72 0.14 0.88% |
Below is the normalized historical share price chart for Alger Weatherbie Specialized extending back to August 30, 2017. 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 Weatherbie stands at 15.72, as last reported on the 3rd of December, with the highest price reaching 15.72 and the lowest price hitting 15.72 during the day.
If you're considering investing in Alger Mutual Fund, it is important to understand the factors that can impact its price. At this stage we consider Alger Mutual Fund to be very steady. Alger Weatherbie Spe secures Sharpe Ratio (or Efficiency) of 0.15, which signifies that the fund had a 0.15% return per unit of standard deviation over the last 3 months. We have found twenty-eight technical indicators for Alger Weatherbie Specialized, which you can use to evaluate the volatility of the entity. Please confirm Alger Weatherbie's mean deviation of 0.9549, and Risk Adjusted Performance of 0.0954 to double-check if the risk estimate we provide is consistent with the expected return of 0.19%.
Alger Mutual Fund price history is provided at the adjusted basis, taking into account all of the recent filings.
Alger |
Sharpe Ratio = 0.153
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Estimated Market Risk
| 1.24 actual daily | 11 89% of assets are more volatile |
Expected Return
| 0.19 actual daily | 3 97% of assets have higher returns |
Risk-Adjusted Return
| 0.15 actual daily | 12 88% of assets perform better |
Based on monthly moving average Alger Weatherbie is performing at about 12% 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 Weatherbie by adding it to a well-diversified portfolio.
Alger Weatherbie Valuation on November 14, 2023
It is possible to determine the worth of Alger Weatherbie on a given historical date. On November 14, 2023 Alger was worth 11.48 at the beginning of the trading date compared to the closed value of 11.48. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Alger Weatherbie mutual fund. Still, in general, we apply an absolute valuation method to find Alger Weatherbie's value based on its fundamental and technical indicators available within our service. As compared to an absolute model, our relative valuation model uses a comparative analysis of Alger Weatherbie where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Alger Weatherbie's related companies.
| Open | High | Low | Close | Volume | |
| 10.84 | 10.84 | 10.84 | 10.84 | 1.00 | |
11/14/2023 | 11.48 | 11.48 | 11.48 | 11.48 | 1.00 |
| 11.48 | 11.48 | 11.48 | 11.48 | 1.00 |
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Alger Weatherbie Trading Date Momentum on November 14, 2023
| On November 15 2023 Alger Weatherbie Specialized was traded for 11.48 at the closing time. The highest daily price throughout the period was 11.48 and the lowest price was 11.48 . There was no trading activity during the period 1.0. Lack of trading volume on 11/15/2023 did not affect price variability. The overall trading delta to current closing price is 1.39% . |
Alger Weatherbie Spe Fundamentals Correlations and Trends
By evaluating Alger Weatherbie's financials over time, investors can gain insight into future company performance. However, you can also analyze the published financial statements to find patterns among Alger Weatherbie's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Alger financial account trend analysis is a perfect complement when working with valuation or volatility modules.About Alger Weatherbie Mutual Fund history
Alger Weatherbie 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 Weatherbie Spe 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 Weatherbie stock prices may prove useful in developing a viable investing in Alger Weatherbie
Under normal circumstances, the fund invests at least 80 percent of its net assets, plus any borrowings for investment purposes, in equity securities of smallcap and midcap companies. Equity securities include common or preferred stocks that are listed on U.S. or foreign exchanges. Smallcap or midcap companies are companies that, at the time of purchase, have total market capitalization within the range of companies included in the Russell 2500 Growth Index or the Russell Midcap Growth Index, respectively, as reported by the indexes as of the most recent quarter-end.
Alger Weatherbie Mutual Fund Technical Analysis
Alger Weatherbie 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 Weatherbie Period Price Range
Low | December 3, 2024
| High |
0.00 | 0.00 |
Alger Weatherbie Specialized 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 Weatherbie December 3, 2024 Market Strength
Market strength indicators help investors to evaluate how Alger Weatherbie 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 Weatherbie shares will generate the highest return on investment. By undertsting and applying Alger Weatherbie mutual fund market strength indicators, traders can identify Alger Weatherbie Specialized entry and exit signals to maximize returns
Alger Weatherbie Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Alger Weatherbie'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 | 0.0954 | |||
| Jensen Alpha | (0.02) | |||
| Total Risk Alpha | (0.05) | |||
| Sortino Ratio | 0.0229 | |||
| Treynor Ratio | 0.1016 |
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| Volatility Indicators | ||
| Volume Indicators |
Other Information on Investing in Alger Mutual Fund
Alger Weatherbie 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 Weatherbie security.
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