Alger Health Sciences Fund Price on November 21, 2024
| AHSAX Fund | USD 22.18 0.08 0.36% |
Below is the normalized historical share price chart for Alger Health Sciences extending back to September 19, 2002. 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 Health stands at 22.18, as last reported on the 30th of November, with the highest price reaching 22.18 and the lowest price hitting 22.18 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 Health Sciences secures Sharpe Ratio (or Efficiency) of 0.0179, which signifies that the fund had a 0.0179% return per unit of standard deviation over the last 3 months. We have found twenty-eight technical indicators for Alger Health Sciences, which you can use to evaluate the volatility of the entity. Please confirm Alger Health's risk adjusted performance of 0.0109, and Mean Deviation of 0.5692 to double-check if the risk estimate we provide is consistent with the expected return of 0.0133%.
Alger Mutual Fund price history is provided at the adjusted basis, taking into account all of the recent filings.
Alger |
Sharpe Ratio = 0.0179
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| Cash | Small Risk | Average Risk | High Risk | Huge Risk |
| Negative Returns | AHSAX |
Estimated Market Risk
| 0.74 actual daily | 6 94% of assets are more volatile |
Expected Return
| 0.01 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
| 0.02 actual daily | 1 99% of assets perform better |
Based on monthly moving average Alger Health is performing at about 1% 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 Health by adding it to a well-diversified portfolio.
Alger Health Valuation on November 21, 2024
It is possible to determine the worth of Alger Health on a given historical date. On November 21, 2024 Alger was worth 21.69 at the beginning of the trading date compared to the closed value of 21.69. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Alger Health mutual fund. Still, in general, we apply an absolute valuation method to find Alger Health'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 Health where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Alger Health's related companies.
| Open | High | Low | Close | Volume | |
| 21.48 | 21.48 | 21.48 | 21.48 | 1.00 | |
11/21/2024 | 21.69 | 21.69 | 21.69 | 21.69 | 1.00 |
| 21.73 | 21.73 | 21.73 | 21.73 | 1.00 |
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Alger Health Trading Date Momentum on November 21, 2024
| On November 22 2024 Alger Health Sciences was traded for 21.73 at the closing time. The highest daily price throughout the period was 21.73 and the lowest price was 21.73 . There was no trading activity during the period 1.0. Lack of trading volume on 11/22/2024 added to the next day price jump. The overall trading delta to closing price of the next trading day was 0.18% . The overall trading delta to current closing price is 2.26% . |
Alger Health Sciences Fundamentals Correlations and Trends
By evaluating Alger Health'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 Health'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 Health Mutual Fund history
Alger Health 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 Health Sciences 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 Health stock prices may prove useful in developing a viable investing in Alger Health
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 are engaged in the health sciences sector. It can invest in foreign securities.
Alger Health Mutual Fund Technical Analysis
Alger Health 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 Health Period Price Range
Low | November 30, 2024
| High |
0.00 | 0.00 |
Alger Health Sciences 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 Health November 30, 2024 Market Strength
Market strength indicators help investors to evaluate how Alger Health 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 Health shares will generate the highest return on investment. By undertsting and applying Alger Health mutual fund market strength indicators, traders can identify Alger Health Sciences entry and exit signals to maximize returns
Alger Health Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Alger Health'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 | 0.0109 | |||
| Jensen Alpha | (0.06) | |||
| Total Risk Alpha | (0.12) | |||
| Sortino Ratio | (0.16) | |||
| Treynor Ratio | 0.0019 |
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| Volume Indicators |
Other Information on Investing in Alger Mutual Fund
Alger Health 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 Health security.
| Portfolio Rebalancing Analyze risk-adjusted returns against different time horizons to find asset-allocation targets | |
| Correlation Analysis Reduce portfolio risk simply by holding instruments which are not perfectly correlated |