The Alger Funds Fund Market Value
| ASCYX Fund | USD 11.86 0.08 0.67% |
| Symbol | Alger |
Alger Funds '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 Funds' 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 Funds.
| 11/11/2024 |
| 12/11/2024 |
If you would invest 0.00 in Alger Funds on November 11, 2024 and sell it all today you would earn a total of 0.00 from holding The Alger Funds or generate 0.0% return on investment in Alger Funds over 30 days. Alger Funds is related to or competes with Needham Aggressive, Ultramid Cap, HUMANA, Barloworld, Morningstar Unconstrained, Thrivent High, and High Yield. The fund normally invests at least 80 percent of its net assets, plus any borrowings for investment purposes, in equity ... More
Alger Funds 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 Funds' 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 The Alger Funds upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.22 | |||
| Information Ratio | 0.0804 | |||
| Maximum Drawdown | 7.14 | |||
| Value At Risk | (1.83) | |||
| Potential Upside | 2.12 |
Alger Funds Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Alger Funds' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Alger Funds' standard deviation. In reality, there are many statistical measures that can use Alger Funds historical prices to predict the future Alger Funds' volatility.| Risk Adjusted Performance | 0.1334 | |||
| Jensen Alpha | 0.0534 | |||
| Total Risk Alpha | 0.0157 | |||
| Sortino Ratio | 0.0832 | |||
| Treynor Ratio | 0.152 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Alger Funds' price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Alger Funds Backtested Returns
Alger Funds appears to be very steady, given 3 months investment horizon. Alger Funds 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-seven technical indicators for The Alger Funds, which you can use to evaluate the volatility of the entity. Please makes use of Alger Funds' Risk Adjusted Performance of 0.1334, semi deviation of 0.9428, and Mean Deviation of 0.977 to double-check if our risk estimates are consistent with your expectations. The fund shows a Beta (market volatility) of 1.42, 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 Funds will likely underperform.
Auto-correlation | -0.72 |
Almost perfect reverse predictability
The Alger Funds has almost perfect reverse predictability. Overlapping area represents the amount of predictability between Alger Funds time series from 11th of November 2024 to 26th of November 2024 and 26th of November 2024 to 11th 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 Funds price movement. The serial correlation of -0.72 indicates that around 72.0% of current Alger Funds price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.72 | |
| Spearman Rank Test | -0.07 | |
| Residual Average | 0.0 | |
| Price Variance | 0.01 |
Alger Funds lagged returns against current returns
Autocorrelation, which is Alger Funds 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 Funds' mutual fund expected returns. We can calculate the autocorrelation of Alger Funds returns to help us make a trade decision. For example, suppose you find that Alger Funds 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 Funds 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 Funds mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Alger Funds 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 Funds mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Alger Funds Lagged Returns
When evaluating Alger Funds' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Alger Funds mutual fund have on its future price. Alger Funds 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 Funds autocorrelation shows the relationship between Alger Funds mutual fund current value and its past values and can show if there is a momentum factor associated with investing in The Alger Funds.
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 Funds 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 Funds security.
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