Alger International Growth Fund Market Value
| AFGPX Fund | USD 17.25 0.13 0.76% |
| Symbol | Alger |
Alger International '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 International'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 International.
| 06/02/2024 |
| 11/29/2024 |
If you would invest 0.00 in Alger International on June 2, 2024 and sell it all today you would earn a total of 0.00 from holding Alger International Growth or generate 0.0% return on investment in Alger International over 180 days. Alger International is related to or competes with Artisan Emerging, Siit Emerging, Rbc Emerging, Goldman Sachs, Dws Emerging, Transamerica Emerging, and Barings Emerging. Under normal circumstances, the fund invests at least 80 percent of its net assets in equity securities, including commo... More
Alger International 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 International'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 International Growth upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.23) | |||
| Maximum Drawdown | 4.02 | |||
| Value At Risk | (1.39) | |||
| Potential Upside | 1.06 |
Alger International Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Alger International's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Alger International's standard deviation. In reality, there are many statistical measures that can use Alger International historical prices to predict the future Alger International's volatility.| Risk Adjusted Performance | (0.05) | |||
| Jensen Alpha | (0.13) | |||
| Total Risk Alpha | (0.18) | |||
| Treynor Ratio | (0.10) |
Alger International Backtested Returns
Alger International secures Sharpe Ratio (or Efficiency) of -0.0181, which signifies that the fund had a -0.0181% return per unit of standard deviation over the last 3 months. Alger International Growth exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Alger International's mean deviation of 0.5966, and Risk Adjusted Performance of (0.05) to double-check the risk estimate we provide. The fund shows a Beta (market volatility) of 0.58, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, Alger International's returns are expected to increase less than the market. However, during the bear market, the loss of holding Alger International is expected to be smaller as well.
Auto-correlation | -0.22 |
Weak reverse predictability
Alger International Growth has weak reverse predictability. Overlapping area represents the amount of predictability between Alger International time series from 2nd of June 2024 to 31st of August 2024 and 31st of August 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 International price movement. The serial correlation of -0.22 indicates that over 22.0% of current Alger International price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.22 | |
| Spearman Rank Test | -0.28 | |
| Residual Average | 0.0 | |
| Price Variance | 0.1 |
Alger International lagged returns against current returns
Autocorrelation, which is Alger International 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 International's mutual fund expected returns. We can calculate the autocorrelation of Alger International returns to help us make a trade decision. For example, suppose you find that Alger International 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 International 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 International mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Alger International 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 International mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Alger International Lagged Returns
When evaluating Alger International's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Alger International mutual fund have on its future price. Alger International 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 International autocorrelation shows the relationship between Alger International mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Alger International Growth.
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 International 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 International security.
| Alpha Finder Use alpha and beta coefficients to find investment opportunities after accounting for the risk | |
| USA ETFs Find actively traded Exchange Traded Funds (ETF) in USA | |
| Economic Indicators Top statistical indicators that provide insights into how an economy is performing | |
| Portfolio Center All portfolio management and optimization tools to improve performance of your portfolios |