Alger Global Growth Fund Probability of Future Mutual Fund Price Finishing Over 28.17

CHUCX Fund  USD 25.61  4.84  15.89%   
Alger Global's future price is the expected price of Alger Global instrument. It is based on its current growth rate as well as the projected cash flow expected by the investors. This tool provides a mechanism to make assumptions about the upside potential and downside risk of Alger Global Growth performance during a given time horizon utilizing its historical volatility. Check out Alger Global Backtesting, Portfolio Optimization, Alger Global Correlation, Alger Global Hype Analysis, Alger Global Volatility, Alger Global History as well as Alger Global Performance.
  
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Alger Global Target Price Odds to finish over 28.17

The tendency of Alger Mutual Fund price to converge on an average value over time is a known aspect in finance that investors have used since the beginning of the stock market for forecasting. However, many studies suggest that some traded equity instruments are consistently mispriced before traders' demand and supply correct the spread. One possible conclusion to this anomaly is that these stocks have additional risk, for which investors demand compensation in the form of extra returns.
Current PriceHorizonTarget PriceOdds to move over $ 28.17  or more in 90 days
 25.61 90 days 28.17 
about 91.74
Based on a normal probability distribution, the odds of Alger Global to move over $ 28.17  or more in 90 days from now is about 91.74 (This Alger Global Growth probability density function shows the probability of Alger Mutual Fund to fall within a particular range of prices over 90 days) . Probability of Alger Global Growth price to stay between its current price of $ 25.61  and $ 28.17  at the end of the 90-day period is about 8.26 .
Assuming the 90 days horizon the mutual fund has the beta coefficient of 1.05 suggesting Alger Global Growth market returns are sensitive to returns on the market. As the market goes up or down, Alger Global is expected to follow. Additionally Alger Global Growth has a negative alpha, implying that the risk taken by holding this instrument is not justified. The company is significantly underperforming the Dow Jones Industrial.
   Alger Global Price Density   
       Price  

Predictive Modules for Alger Global

There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Alger Global Growth. Regardless of method or technology, however, to accurately forecast the mutual fund market is more a matter of luck rather than a particular technique. Nevertheless, trying to predict the mutual fund market accurately is still an essential part of the overall investment decision process. Using different forecasting techniques and comparing the results might improve your chances of accuracy even though unexpected events may often change the market sentiment and impact your forecasting results.
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.
Hype
Prediction
LowEstimatedHigh
23.4925.6427.79
Details
Intrinsic
Valuation
LowRealHigh
24.1026.2528.40
Details
Naive
Forecast
LowNextHigh
23.2725.4127.56
Details
Bollinger
Band Projection (param)
LowerMiddle BandUpper
26.3229.6432.96
Details

Alger Global Risk Indicators

For the most part, the last 10-20 years have been a very volatile time for the stock market. Alger Global is not an exception. The market had few large corrections towards the Alger Global's value, including both sudden drops in prices as well as massive rallies. These swings have made and broken many portfolios. An investor can limit the violent swings in their portfolio by implementing a hedging strategy designed to limit downside losses. If you hold Alger Global Growth, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of Alger Global within the framework of very fundamental risk indicators.
α
Alpha over Dow Jones
-0.23
β
Beta against Dow Jones1.05
σ
Overall volatility
0.80
Ir
Information ratio -0.11

Alger Global Alerts and Suggestions

In today's market, stock alerts give investors the competitive edge they need to time the market and increase returns. Checking the ongoing alerts of Alger Global for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for Alger Global Growth can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.
Alger Global Growth generated a negative expected return over the last 90 days
Latest headline from news.google.com: Chuck Rocha, a Convicted Felon Who Embezzled Union Funds, Eyes Bid for DNC Chair - Washington Free Beacon
The fund holds 98.97% of its assets under management (AUM) in equities

Alger Global Technical Analysis

Alger Global's future price can be derived by breaking down and analyzing its technical indicators over time. Alger Mutual Fund technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Alger Global Growth. In general, you should focus on analyzing Alger Mutual Fund price patterns and their correlations with different microeconomic environments and drivers.

Alger Global Predictive Forecast Models

Alger Global's time-series forecasting models is one of many Alger Global's mutual fund analysis techniques aimed to predict future share value based on previously observed values. Time-series forecasting models are widely used for non-stationary data. Non-stationary data are called the data whose statistical properties, e.g., the mean and standard deviation, are not constant over time, but instead, these metrics vary over time. This non-stationary Alger Global's historical data is usually called time series. Some empirical experimentation suggests that the statistical forecasting models outperform the models based exclusively on fundamental analysis to predict the direction of the mutual fund market movement and maximize returns from investment trading.

Things to note about Alger Global Growth

Checking the ongoing alerts about Alger Global for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for Alger Global Growth help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
Alger Global Growth generated a negative expected return over the last 90 days
Latest headline from news.google.com: Chuck Rocha, a Convicted Felon Who Embezzled Union Funds, Eyes Bid for DNC Chair - Washington Free Beacon
The fund holds 98.97% of its assets under management (AUM) in equities

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.
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