Alger Global Growth Fund Price on October 4, 2024
| AFGZX Fund | USD 35.10 0.33 0.95% |
Below is the normalized historical share price chart for Alger Global Growth extending back to May 31, 2013. 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 Global stands at 35.10, as last reported on the 30th of November, with the highest price reaching 35.10 and the lowest price hitting 35.10 during the day.
If you're considering investing in Alger Mutual Fund, it is important to understand the factors that can impact its price. 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-eight 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 0.0935, and Mean Deviation of 0.6581 to double-check if the risk estimate we provide is consistent with the expected return of 0.14%.
Alger Mutual Fund price history is provided at the adjusted basis, taking into account all of the recent filings.
Alger |
Sharpe Ratio = 0.1671
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| Cash | AFGZX | Average Risk | High Risk | Huge Risk |
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Estimated Market Risk
| 0.84 actual daily | 7 93% of assets are more volatile |
Expected Return
| 0.14 actual daily | 2 98% of assets have higher returns |
Risk-Adjusted Return
| 0.17 actual daily | 13 87% of assets perform better |
Based on monthly moving average Alger Global is performing at about 13% 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 Global by adding it to a well-diversified portfolio.
Alger Global Valuation on October 4, 2024
It is possible to determine the worth of Alger Global on a given historical date. On October 4, 2024 Alger was worth 33.47 at the beginning of the trading date compared to the closed value of 33.47. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Alger Global mutual fund. Still, in general, we apply an absolute valuation method to find Alger Global'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 Global where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Alger Global's related companies.
| Open | High | Low | Close | Volume | |
| 33.06 | 33.06 | 33.06 | 33.06 | 1.00 | |
10/04/2024 | 33.47 | 33.47 | 33.47 | 33.47 | 1.00 |
| 33.27 | 33.27 | 33.27 | 33.27 | 1.00 |
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Alger Global Trading Date Momentum on October 4, 2024
| On October 07 2024 Alger Global Growth was traded for 33.27 at the closing time. The highest daily price throughout the period was 33.27 and the lowest price was 33.27 . There was no trading activity during the period 1.0. Lack of trading volume on 10/07/2024 added to the next day price reduction. The overall trading delta to closing price of the next trading day was 0.60% . The overall trading delta to current closing price is 2.15% . |
Alger Global Growth Fundamentals Correlations and Trends
By evaluating Alger Global'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 Global'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 Global Mutual Fund history
Alger Global 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 Global Growth 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 Global stock prices may prove useful in developing a viable investing in Alger Global
Under normal circumstances, the fund invests at least 80 percent of its net assets, plus any borrowings for investment purposes, in equity securities, including common stocks, American Depositary Receipts and Global Depositary Receipts, of global companies, which include both U.S. and foreign companies, and invests significantly in foreign companies. It may invest in companies of any market capitalization, from large, well-established companies to small, emerging growth companies.
Alger Global Mutual Fund Technical Analysis
Alger Global 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 Global Period Price Range
Low | November 30, 2024
| High |
0.00 | 0.00 |
Alger Global Growth 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 Global November 30, 2024 Market Strength
Market strength indicators help investors to evaluate how Alger Global 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 Global shares will generate the highest return on investment. By undertsting and applying Alger Global mutual fund market strength indicators, traders can identify Alger Global Growth entry and exit signals to maximize returns
Alger Global Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Alger Global'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 | 0.0935 | |||
| Jensen Alpha | (0.01) | |||
| Total Risk Alpha | (0.05) | |||
| Sortino Ratio | (0.03) | |||
| Treynor Ratio | 0.1122 |
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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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