Alger Mid Cap Fund Price on September 27, 2024
| AAIYX Fund | USD 13.10 0.05 0.38% |
Below is the normalized historical share price chart for Alger Mid Cap extending back to September 24, 2008. This chart has been adjusted for all splits and dividends and is plotted against all major global economic recessions. As of today, the current price of Alger Mid stands at 13.10, as last reported on the 26th of November, with the highest price reaching 13.10 and the lowest price hitting 13.10 during the day.
If you're considering investing in Alger Mutual Fund, it is important to understand the factors that can impact its price. Alger Mid appears to be very steady, given 3 months investment horizon. Alger Mid Cap secures Sharpe Ratio (or Efficiency) of 0.22, which signifies that the fund had a 0.22% return per unit of standard deviation over the last 3 months. We have found twenty-seven technical indicators for Alger Mid Cap, which you can use to evaluate the volatility of the entity. Please makes use of Alger Mid's risk adjusted performance of 0.151, and Mean Deviation of 0.9034 to double-check if our risk estimates are consistent with your expectations.
Alger Mutual Fund price history is provided at the adjusted basis, taking into account all of the recent filings.
Alger |
Sharpe Ratio = 0.2242
| Best Portfolio | Best Equity | |||
| Good Returns | ||||
| Average Returns | ||||
| Small Returns | AAIYX | |||
| Cash | Small Risk | Average Risk | High Risk | Huge Risk |
| Negative Returns |
Estimated Market Risk
| 1.32 actual daily | 11 89% of assets are more volatile |
Expected Return
| 0.29 actual daily | 5 95% of assets have higher returns |
Risk-Adjusted Return
| 0.22 actual daily | 17 83% of assets perform better |
Based on monthly moving average Alger Mid is performing at about 17% of its full potential. If added to a well diversified portfolio the total return can be enhanced and market risk can be reduced. You can increase risk-adjusted return of Alger Mid by adding it to a well-diversified portfolio.
Alger Mid Valuation on September 27, 2024
It is possible to determine the worth of Alger Mid on a given historical date. On September 27, 2024 Alger was worth 11.71 at the beginning of the trading date compared to the closed value of 11.71. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Alger Mid mutual fund. Still, in general, we apply an absolute valuation method to find Alger Mid's value based on its fundamental and technical indicators available within our service. As compared to an absolute model, our relative valuation model uses a comparative analysis of Alger Mid where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Alger Mid's related companies.
| Open | High | Low | Close | Volume | |
| 11.81 | 11.81 | 11.81 | 11.81 | 1.00 | |
09/27/2024 | 11.71 | 11.71 | 11.71 | 11.71 | 1.00 |
| 11.75 | 11.75 | 11.75 | 11.75 | 1.00 |
| Backtest Alger Mid | | | Alger Mid History | | | Alger Mid Valuation | Previous | Next |
Alger Mid Trading Date Momentum on September 27, 2024
| On September 30 2024 Alger Mid Cap was traded for 11.75 at the closing time. The highest daily price throughout the period was 11.75 and the lowest price was 11.75 . There was no trading activity during the period 1.0. Lack of trading volume on 09/30/2024 added to the next day price jump. The overall trading delta to closing price of the next trading day was 0.34% . The overall trading delta to current closing price is 0.34% . |
Alger Mid Cap Fundamentals Correlations and Trends
By evaluating Alger Mid's financials over time, investors can gain insight into future company performance. However, you can also analyze the published financial statements to find patterns among Alger Mid's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Alger financial account trend analysis is a perfect complement when working with valuation or volatility modules.About Alger Mid Mutual Fund history
Alger Mid investors dedicate a lot of time and effort to gaining insight into how a market's past behavior relates to its future. Access to timely market data for Alger is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Alger Mid Cap will depend on recognizing future opportunities and eliminating past mistakes. Historical data analysis is the study of market behavior over a given time. Recorded market-related data such as price, volatility, and volume can be quantified and studied over a defined period. Through a detailed examination of a market's past behavior, traders and investors can gain perspective on the inner workings of that market. The information obtained throughout analyzing Alger Mid stock prices may prove useful in developing a viable investing in Alger Mid
Under normal circumstances, the fund invests at least 80 percent of its net assets, plus any borrowings for investment purposes, in equity securities of companies of any market capitalization that the advisor believes will benefit from artificial intelligence , demonstrate promising growth potential, and are companies where AI can play a material role in potentially driving stock price performance over the next twelve to thirty-six months. The fund is non-diversified.
Alger Mid Mutual Fund Technical Analysis
Alger Mid technical mutual fund analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, fund market cycles, or different charting patterns.
Price Boundaries
Alger Mid Period Price Range
Low | November 26, 2024
| High |
0.00 | 0.00 |
Alger Mid Cap cannot be verified against its exchange. Please verify the symbol is currently traded on NMFQS Exchange. If you still believe the symbol you are trying to look up is valid, please let us know, and we will check it as soon as possible.
Alger Mid November 26, 2024 Market Strength
Market strength indicators help investors to evaluate how Alger Mid mutual fund reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Alger Mid shares will generate the highest return on investment. By undertsting and applying Alger Mid mutual fund market strength indicators, traders can identify Alger Mid Cap entry and exit signals to maximize returns
Alger Mid Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Alger Mid's price direction in advance. Along with the technical and fundamental analysis of Alger Mutual Fund historical price patterns, it is also worthwhile for investors to track various predictive indicators of Alger to make sure they correctly time the market and exploit it's hidden potentials. Even though most predictive indicators are useful for the short-term horizon, it's virtually impossible to predict the unforeseen market. For traders with a short-term horizon, predictive indicators add value when properly applied. Long-term investors, however, may find many predictive indicators less useful.
| Risk Adjusted Performance | 0.151 | |||
| Jensen Alpha | 0.1338 | |||
| Total Risk Alpha | 0.0383 | |||
| Sortino Ratio | 0.0805 | |||
| Treynor Ratio | 0.2659 |
| Cycle Indicators | ||
| Math Operators | ||
| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
Other Information on Investing in Alger Mutual Fund
Alger Mid 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 Mid security.
| Bonds Directory Find actively traded corporate debentures issued by US companies | |
| Alpha Finder Use alpha and beta coefficients to find investment opportunities after accounting for the risk | |
| Financial Widgets Easily integrated Macroaxis content with over 30 different plug-and-play financial widgets | |
| Economic Indicators Top statistical indicators that provide insights into how an economy is performing |