Alger Emerging Markets Fund Market Value
| AAEMX Fund | USD 10.83 0.05 0.46% |
| Symbol | Alger |
Alger Emerging 'What if' Analysis
In the world of financial modeling, what-if analysis is part of sensitivity analysis performed to test how changes in assumptions impact individual outputs in a model. When applied to Alger Emerging's mutual fund what-if analysis refers to the analyzing how the change in your past investing horizon will affect the profitability against the current market value of Alger Emerging.
| 01/04/2023 |
| 12/24/2024 |
If you would invest 0.00 in Alger Emerging on January 4, 2023 and sell it all today you would earn a total of 0.00 from holding Alger Emerging Markets or generate 0.0% return on investment in Alger Emerging over 720 days. Alger Emerging is related to or competes with Alger Midcap, Alger Midcap, Alger Mid, Alger Small, Alger Small, Alger Small, and Alger Small. The fund invests at least 80 percent of its net assets, plus any borrowings for investment purposes, in equity securitie... More
Alger Emerging Upside/Downside Indicators
Understanding different market momentum indicators often help investors to time their next move. Potential upside and downside technical ratios enable traders to measure Alger Emerging's mutual fund current market value against overall market sentiment and can be a good tool during both bulling and bearish trends. Here we outline some of the essential indicators to assess Alger Emerging Markets upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.1) | |||
| Maximum Drawdown | 3.98 | |||
| Value At Risk | (1.43) | |||
| Potential Upside | 1.49 |
Alger Emerging Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Alger Emerging's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Alger Emerging's standard deviation. In reality, there are many statistical measures that can use Alger Emerging historical prices to predict the future Alger Emerging's volatility.| Risk Adjusted Performance | (0.05) | |||
| Jensen Alpha | (0.07) | |||
| Total Risk Alpha | (0.09) | |||
| Treynor Ratio | (0.17) |
Alger Emerging Markets Backtested Returns
Alger Emerging Markets secures Sharpe Ratio (or Efficiency) of -0.0913, which signifies that the fund had a -0.0913% return per unit of standard deviation over the last 3 months. Alger Emerging Markets exposes twenty-one different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Alger Emerging's mean deviation of 0.6456, and Risk Adjusted Performance of (0.05) to double-check the risk estimate we provide. The fund shows a Beta (market volatility) of 0.37, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, Alger Emerging's returns are expected to increase less than the market. However, during the bear market, the loss of holding Alger Emerging is expected to be smaller as well.
Auto-correlation | 0.22 |
Weak predictability
Alger Emerging Markets has weak predictability. Overlapping area represents the amount of predictability between Alger Emerging time series from 4th of January 2023 to 30th of December 2023 and 30th of December 2023 to 24th of December 2024. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Alger Emerging Markets price movement. The serial correlation of 0.22 indicates that over 22.0% of current Alger Emerging price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.22 | |
| Spearman Rank Test | 0.48 | |
| Residual Average | 0.0 | |
| Price Variance | 0.18 |
Alger Emerging Markets lagged returns against current returns
Autocorrelation, which is Alger Emerging mutual fund's lagged correlation, explains the relationship between observations of its time series of returns over different periods of time. The observations are said to be independent if autocorrelation is zero. Autocorrelation is calculated as a function of mean and variance and can have practical application in predicting Alger Emerging's mutual fund expected returns. We can calculate the autocorrelation of Alger Emerging returns to help us make a trade decision. For example, suppose you find that Alger Emerging has exhibited high autocorrelation historically, and you observe that the mutual fund is moving up for the past few days. In that case, you can expect the price movement to match the lagging time series.
Current and Lagged Values |
| Timeline |
Alger Emerging regressed lagged prices vs. current prices
Serial correlation can be approximated by using the Durbin-Watson (DW) test. The correlation can be either positive or negative. If Alger Emerging mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Alger Emerging mutual fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Alger Emerging mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Alger Emerging Lagged Returns
When evaluating Alger Emerging's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Alger Emerging mutual fund have on its future price. Alger Emerging autocorrelation represents the degree of similarity between a given time horizon and a lagged version of the same horizon over the previous time interval. In other words, Alger Emerging autocorrelation shows the relationship between Alger Emerging mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Alger Emerging Markets.
Regressed Prices |
| Timeline |
Also Currently Popular
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.Other Information on Investing in Alger Mutual Fund
Alger Emerging 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 Emerging security.
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