Alger Funds Mid Fund Statistic Functions Beta

AFOZX Fund  USD 19.10  0.09  0.47%   
Alger Funds statistic functions tool provides the execution environment for running the Beta function and other technical functions against Alger Funds. Alger Funds value trend is the prevailing direction of the price over some defined period of time. The concept of trend is an important idea in technical analysis, including the analysis of statistic functions indicators. As with most other technical indicators, the Beta function function is designed to identify and follow existing trends. Alger Funds statistical functions help analysts to determine different price movement patterns based on how price series statistical indicators change over time. Please specify Time Period to run this model.

The output start index for this execution was ten with a total number of output elements of fifty-one. The Beta measures systematic risk based on how returns on Alger Funds Mid correlated with the market. If Beta is less than 0 Alger Funds generally moves in the opposite direction as compared to the market. If Alger Funds Beta is about zero movement of price series is uncorrelated with the movement of the benchmark. if Beta is between zero and one Alger Funds Mid is generally moves in the same direction as, but less than the movement of the market. For Beta = 1 movement of Alger Funds is generally in the same direction as the market. If Beta > 1 Alger Funds moves generally in the same direction as, but more than the movement of the benchmark.

Alger Funds Technical Analysis Modules

Most technical analysis of Alger Funds help investors determine whether a current trend will continue and, if not, when it will shift. We provide a combination of tools to recognize potential entry and exit points for Alger from various momentum indicators to cycle indicators. When you analyze Alger charts, please remember that the event formation may indicate an entry point for a short seller, and look at other indicators across different periods to confirm that a breakdown or reversion is likely to occur.

About Alger Funds Predictive Technical Analysis

Predictive technical analysis modules help investors to analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Alger Funds Mid. We use our internally-developed statistical techniques to arrive at the intrinsic value of Alger Funds Mid based on widely used predictive technical indicators. In general, we focus on analyzing Alger Mutual Fund price patterns and their correlations with different microeconomic environment and drivers. We also apply predictive analytics to build Alger Funds's daily price indicators and compare them against related drivers, such as statistic functions and various other types of predictive indicators. Using this methodology combined with a more conventional technical analysis and fundamental analysis, we attempt to find the most accurate representation of Alger Funds's intrinsic value. In addition to deriving basic predictive indicators for Alger Funds, we also check how macroeconomic factors affect Alger Funds price patterns. Please read more on our technical analysis page or use our predictive modules below to complement your research.
Hype
Prediction
LowEstimatedHigh
15.4216.5120.91
Details
Intrinsic
Valuation
LowRealHigh
18.6419.7320.82
Details
Please note, it is not enough to conduct a financial or market analysis of a single entity such as Alger Funds. Your research has to be compared to or analyzed against Alger Funds' peers to derive any actionable benefits. When done correctly, Alger Funds' competitive analysis will give you plenty of quantitative and qualitative data to validate your investment decisions or develop an entirely new strategy toward taking a position in Alger Funds Mid.

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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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