Alger Global Growth Fund Market Value
| CHUSX Fund | USD 33.64 0.32 0.96% |
| Symbol | Alger |
Alger Global '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 Global'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 Global.
| 09/03/2024 |
| 12/02/2024 |
If you would invest 0.00 in Alger Global on September 3, 2024 and sell it all today you would earn a total of 0.00 from holding Alger Global Growth or generate 0.0% return on investment in Alger Global over 90 days. Alger Global is related to or competes with Ab Global, Artisan Global, Commonwealth Global, Ab Global, Nationwide Global, and Doubleline Global. Under normal circumstances, the fund invests at least 80 percent of its net assets, plus any borrowings for investment p... More
Alger Global 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 Global'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 Global Growth upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.9698 | |||
| Information Ratio | (0.03) | |||
| Maximum Drawdown | 3.98 | |||
| Value At Risk | (1.55) | |||
| Potential Upside | 1.3 |
Alger Global Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Alger Global's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Alger Global's standard deviation. In reality, there are many statistical measures that can use Alger Global historical prices to predict the future Alger Global's volatility.| Risk Adjusted Performance | 0.0932 | |||
| Jensen Alpha | (0.01) | |||
| Total Risk Alpha | (0.05) | |||
| Sortino Ratio | (0.03) | |||
| Treynor Ratio | 0.1113 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Alger Global's 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 Global Growth Backtested Returns
At this stage we consider Alger Mutual Fund to be very steady. Alger Global Growth secures Sharpe Ratio (or Efficiency) of 0.17, which signifies that the fund had a 0.17% return per unit of standard deviation over the last 3 months. We have found twenty-seven technical indicators for Alger Global Growth, which you can use to evaluate the volatility of the entity. Please confirm Alger Global's risk adjusted performance of 0.0932, and Mean Deviation of 0.6581 to double-check if the risk estimate we provide is consistent with the expected return of 0.14%. The fund shows a Beta (market volatility) of 0.89, which signifies possible diversification benefits within a given portfolio. Alger Global returns are very sensitive to returns on the market. As the market goes up or down, Alger Global is expected to follow.
Auto-correlation | 0.76 |
Good predictability
Alger Global Growth has good predictability. Overlapping area represents the amount of predictability between Alger Global time series from 3rd of September 2024 to 18th of October 2024 and 18th of October 2024 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 Global Growth price movement. The serial correlation of 0.76 indicates that around 76.0% of current Alger Global price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.76 | |
| Spearman Rank Test | 0.6 | |
| Residual Average | 0.0 | |
| Price Variance | 0.32 |
Alger Global Growth lagged returns against current returns
Autocorrelation, which is Alger Global 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 Global's mutual fund expected returns. We can calculate the autocorrelation of Alger Global returns to help us make a trade decision. For example, suppose you find that Alger Global 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 Global 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 Global mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Alger Global 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 Global mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Alger Global Lagged Returns
When evaluating Alger Global's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Alger Global mutual fund have on its future price. Alger Global 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 Global autocorrelation shows the relationship between Alger Global mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Alger Global 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 Global 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 Global security.
| Risk-Return Analysis View associations between returns expected from investment and the risk you assume | |
| Portfolio Volatility Check portfolio volatility and analyze historical return density to properly model market risk |