Alger Smallcap Growth Fund Market Value
| ALSRX Fund | USD 18.06 0.14 0.77% |
| Symbol | Alger |
Alger Smallcap '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 Smallcap'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 Smallcap.
| 11/15/2024 |
| 12/15/2024 |
If you would invest 0.00 in Alger Smallcap on November 15, 2024 and sell it all today you would earn a total of 0.00 from holding Alger Smallcap Growth or generate 0.0% return on investment in Alger Smallcap over 30 days. Alger Smallcap is related to or competes with Alger Midcap, Templeton Growth, Alger Capital, Janus Forty, and Janus Overseas. The fund normally invests at least 80 percent of its net assets, plus any borrowings for investment purposes, in equity ... More
Alger Smallcap 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 Smallcap'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 Smallcap Growth upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.18 | |||
| Information Ratio | 0.0329 | |||
| Maximum Drawdown | 6.67 | |||
| Value At Risk | (1.78) | |||
| Potential Upside | 2.0 |
Alger Smallcap Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Alger Smallcap's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Alger Smallcap's standard deviation. In reality, there are many statistical measures that can use Alger Smallcap historical prices to predict the future Alger Smallcap's volatility.| Risk Adjusted Performance | 0.0868 | |||
| Jensen Alpha | 0.0069 | |||
| Total Risk Alpha | (0.02) | |||
| Sortino Ratio | 0.0346 | |||
| Treynor Ratio | 0.0951 |
Alger Smallcap Growth Backtested Returns
At this stage we consider Alger Mutual Fund to be very steady. Alger Smallcap Growth secures Sharpe Ratio (or Efficiency) of 0.085, which signifies that the fund had a 0.085% return per unit of standard deviation over the last 3 months. We have found twenty-seven technical indicators for Alger Smallcap Growth, which you can use to evaluate the volatility of the entity. Please confirm Alger Smallcap's risk adjusted performance of 0.0868, and Mean Deviation of 0.9555 to double-check if the risk estimate we provide is consistent with the expected return of 0.1%. The fund shows a Beta (market volatility) of 1.38, which signifies a somewhat significant risk relative to the market. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, Alger Smallcap will likely underperform.
Auto-correlation | -0.63 |
Very good reverse predictability
Alger Smallcap Growth has very good reverse predictability. Overlapping area represents the amount of predictability between Alger Smallcap time series from 15th of November 2024 to 30th of November 2024 and 30th of November 2024 to 15th 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 Smallcap Growth price movement. The serial correlation of -0.63 indicates that roughly 63.0% of current Alger Smallcap price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.63 | |
| Spearman Rank Test | -0.73 | |
| Residual Average | 0.0 | |
| Price Variance | 0.08 |
Alger Smallcap Growth lagged returns against current returns
Autocorrelation, which is Alger Smallcap 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 Smallcap's mutual fund expected returns. We can calculate the autocorrelation of Alger Smallcap returns to help us make a trade decision. For example, suppose you find that Alger Smallcap 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 Smallcap 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 Smallcap mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Alger Smallcap 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 Smallcap mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Alger Smallcap Lagged Returns
When evaluating Alger Smallcap's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Alger Smallcap mutual fund have on its future price. Alger Smallcap 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 Smallcap autocorrelation shows the relationship between Alger Smallcap mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Alger Smallcap 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 Smallcap 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 Smallcap security.
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