Alger Growth Income Fund Market Value
| AGIZX Fund | USD 78.45 0.37 0.47% |
| Symbol | Alger |
Alger Growth '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 Growth'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 Growth.
| 12/13/2022 |
| 12/02/2024 |
If you would invest 0.00 in Alger Growth on December 13, 2022 and sell it all today you would earn a total of 0.00 from holding Alger Growth Income or generate 0.0% return on investment in Alger Growth over 720 days. Alger Growth is related to or competes with Simt Real, Guggenheim Risk, Prudential Real, Goldman Sachs, Virtus Real, and Franklin Real. The advisor intends to invest at least 65 percent of its total assets in dividend paying equity securities More
Alger Growth 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 Growth'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 Growth Income upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.7965 | |||
| Information Ratio | (0.07) | |||
| Maximum Drawdown | 3.28 | |||
| Value At Risk | (1.24) | |||
| Potential Upside | 0.9575 |
Alger Growth Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Alger Growth's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Alger Growth's standard deviation. In reality, there are many statistical measures that can use Alger Growth historical prices to predict the future Alger Growth's volatility.| Risk Adjusted Performance | 0.0924 | |||
| Jensen Alpha | (0.02) | |||
| Total Risk Alpha | (0.04) | |||
| Sortino Ratio | (0.06) | |||
| Treynor Ratio | 0.0987 |
Alger Growth Income Backtested Returns
At this stage we consider Alger Mutual Fund to be out of control. Alger Growth Income 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 Growth Income, which you can use to evaluate the volatility of the entity. Please confirm Alger Growth's mean deviation of 0.5197, and Risk Adjusted Performance of 0.0924 to double-check if the risk estimate we provide is consistent with the expected return of 0.0983%. The fund shows a Beta (market volatility) of 0.77, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, Alger Growth's returns are expected to increase less than the market. However, during the bear market, the loss of holding Alger Growth is expected to be smaller as well.
Auto-correlation | 0.87 |
Very good predictability
Alger Growth Income has very good predictability. Overlapping area represents the amount of predictability between Alger Growth time series from 13th of December 2022 to 8th of December 2023 and 8th of December 2023 to 2nd 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 Growth Income price movement. The serial correlation of 0.87 indicates that approximately 87.0% of current Alger Growth price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.87 | |
| Spearman Rank Test | 0.86 | |
| Residual Average | 0.0 | |
| Price Variance | 21.2 |
Alger Growth Income lagged returns against current returns
Autocorrelation, which is Alger Growth 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 Growth's mutual fund expected returns. We can calculate the autocorrelation of Alger Growth returns to help us make a trade decision. For example, suppose you find that Alger Growth 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 Growth 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 Growth mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Alger Growth 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 Growth mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Alger Growth Lagged Returns
When evaluating Alger Growth's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Alger Growth mutual fund have on its future price. Alger Growth 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 Growth autocorrelation shows the relationship between Alger Growth mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Alger Growth Income.
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 Growth 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 Growth security.
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