Alger Capital Appreciation Fund Price on November 30, 2023
| ACATX Fund | USD 7.62 0.04 0.52% |
Below is the normalized historical share price chart for Alger Capital Appreciation extending back to March 12, 2019. 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 Capital stands at 7.62, as last reported on the 12th of December 2024, with the highest price reaching 7.62 and the lowest price hitting 7.62 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 Capital Apprec secures Sharpe Ratio (or Efficiency) of -0.13, which signifies that the fund had a -0.13% return per unit of standard deviation over the last 3 months. Alger Capital Appreciation exposes twenty-one different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Alger Capital's mean deviation of 0.2153, and Risk Adjusted Performance of (0.10) to double-check the risk estimate we provide.
Alger Mutual Fund price history is provided at the adjusted basis, taking into account all of the recent filings.
Alger |
Sharpe Ratio = -0.1341
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| Negative Returns | ACATX |
Estimated Market Risk
| 0.33 actual daily | 2 98% of assets are more volatile |
Expected Return
| -0.04 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
| -0.13 actual daily | 0 Most of other assets perform better |
Based on monthly moving average Alger Capital is not performing at its full potential. However, 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 Capital by adding Alger Capital to a well-diversified portfolio.
Alger Capital Valuation on November 30, 2023
It is possible to determine the worth of Alger Capital on a given historical date. On November 30, 2023 Alger was worth 7.19 at the beginning of the trading date compared to the closed value of 7.19. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Alger Capital mutual fund. Still, in general, we apply an absolute valuation method to find Alger Capital'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 Capital where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Alger Capital's related companies.
| Open | High | Low | Close | Volume | |
| 7.20 | 7.20 | 7.20 | 7.20 | 1.00 | |
11/30/2023 | 7.19 | 7.19 | 7.19 | 7.19 | 1.00 |
| 7.26 | 7.26 | 7.26 | 7.26 | 1.00 |
| Backtest Alger Capital | | | Alger Capital History | | | Alger Capital Valuation | Previous | Next |
Alger Capital Trading Date Momentum on November 30, 2023
| On December 01 2023 Alger Capital Appreciation was traded for 7.26 at the closing time. The highest daily price throughout the period was 7.26 and the lowest price was 7.26 . There was no trading activity during the period 1.0. Lack of trading volume on 12/01/2023 added to the next day price jump. The overall trading delta to closing price of the next trading day was 0.97% . The overall trading delta to current closing price is 1.11% . |
Alger Capital Apprec Fundamentals Correlations and Trends
By evaluating Alger Capital'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 Capital'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 Capital Mutual Fund history
Alger Capital 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 Capital Apprec 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 Capital stock prices may prove useful in developing a viable investing in Alger Capital
The fund invests primarily in high quality debt securities and other debt instruments supporting low- and moderate-income individuals and communities and underserved areas of the United States. It seeks a return consisting of current income and capital appreciation that is competitive relative to the funds benchmark index. The fund is non-diversified.
Alger Capital Mutual Fund Technical Analysis
Alger Capital 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 Capital Period Price Range
Low | December 12, 2024
| High |
0.00 | 0.00 |
Alger Capital Appreciation 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 Capital December 12, 2024 Market Strength
Market strength indicators help investors to evaluate how Alger Capital 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 Capital shares will generate the highest return on investment. By undertsting and applying Alger Capital mutual fund market strength indicators, traders can identify Alger Capital Appreciation entry and exit signals to maximize returns
Alger Capital Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Alger Capital'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 | (0.10) | |||
| Jensen Alpha | (0.05) | |||
| Total Risk Alpha | (0.09) | |||
| Treynor Ratio | (1.18) |
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| Volume Indicators |
Other Information on Investing in Alger Mutual Fund
Alger Capital 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 Capital security.
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