Alger Large Cap Fund Market Value
| AAGOX Fund | USD 89.78 0.81 0.91% |
| Symbol | Alger |
Alger Large '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 Large'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 Large.
| 10/30/2024 |
| 11/29/2024 |
If you would invest 0.00 in Alger Large on October 30, 2024 and sell it all today you would earn a total of 0.00 from holding Alger Large Cap or generate 0.0% return on investment in Alger Large over 30 days. Alger Large is related to or competes with Baillie Gifford, Invesco Global, Alphacentric Lifesci, Fidelity Advisor, and Highland Longshort. The advisor focuses on growing companies that generally have broad product lines, markets, financial resources and depth... More
Alger Large 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 Large'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 Large Cap upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.52 | |||
| Information Ratio | 0.0812 | |||
| Maximum Drawdown | 5.65 | |||
| Value At Risk | (2.11) | |||
| Potential Upside | 2.39 |
Alger Large Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Alger Large's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Alger Large's standard deviation. In reality, there are many statistical measures that can use Alger Large historical prices to predict the future Alger Large's volatility.| Risk Adjusted Performance | 0.1425 | |||
| Jensen Alpha | 0.1039 | |||
| Total Risk Alpha | 0.0281 | |||
| Sortino Ratio | 0.0672 | |||
| Treynor Ratio | 0.2208 |
Alger Large Cap Backtested Returns
Alger Large appears to be very steady, given 3 months investment horizon. Alger Large Cap secures Sharpe Ratio (or Efficiency) of 0.26, which signifies that the fund had a 0.26% return per unit of standard deviation over the last 3 months. We have found twenty-eight technical indicators for Alger Large Cap, which you can use to evaluate the volatility of the entity. Please makes use of Alger Large's risk adjusted performance of 0.1425, and Mean Deviation of 0.8879 to double-check if our risk estimates are consistent with your expectations. The fund shows a Beta (market volatility) of 0.99, which signifies possible diversification benefits within a given portfolio. Alger Large returns are very sensitive to returns on the market. As the market goes up or down, Alger Large is expected to follow.
Auto-correlation | 0.76 |
Good predictability
Alger Large Cap has good predictability. Overlapping area represents the amount of predictability between Alger Large time series from 30th of October 2024 to 14th of November 2024 and 14th of November 2024 to 29th of November 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 Large Cap price movement. The serial correlation of 0.76 indicates that around 76.0% of current Alger Large price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.76 | |
| Spearman Rank Test | 0.67 | |
| Residual Average | 0.0 | |
| Price Variance | 1.33 |
Alger Large Cap lagged returns against current returns
Autocorrelation, which is Alger Large 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 Large's mutual fund expected returns. We can calculate the autocorrelation of Alger Large returns to help us make a trade decision. For example, suppose you find that Alger Large 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 Large 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 Large mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Alger Large 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 Large mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Alger Large Lagged Returns
When evaluating Alger Large's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Alger Large mutual fund have on its future price. Alger Large 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 Large autocorrelation shows the relationship between Alger Large mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Alger Large Cap.
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 Large 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 Large security.
| Equity Forecasting Use basic forecasting models to generate price predictions and determine price momentum | |
| Cryptocurrency Center Build and monitor diversified portfolio of extremely risky digital assets and cryptocurrency |