Alger Health Sciences Fund Price on November 12, 2024
| AHSCX Fund | USD 13.42 0.03 0.22% |
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 13.42, as last reported on the 22nd of November, with the highest price reaching 13.42 and the lowest price hitting 13.42 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 Health Sciences secures Sharpe Ratio (or Efficiency) of -0.0399, which signifies that the fund had a -0.0399% return per unit of standard deviation over the last 3 months. Alger Health Sciences exposes twenty-one different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Alger Health's risk adjusted performance of (0.03), and Mean Deviation of 0.5644 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 = -0.0399
| Best Portfolio | Best Equity | |||
| Good Returns | ||||
| Average Returns | ||||
| Small Returns | ||||
| Cash | Small Risk | Average Risk | High Risk | Huge Risk |
| Negative Returns | AHSCX |
Estimated Market Risk
| 0.74 actual daily | 6 94% of assets are more volatile |
Expected Return
| -0.03 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
| -0.04 actual daily | 0 Most of other assets perform better |
Based on monthly moving average Alger Health 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 Health by adding Alger Health to a well-diversified portfolio.
Related Headline
Baird Small/mid Headline on 12th of November 2024
Baird Q3 2024 SmallMid Cap Growth Equity Fund Commentary - S... by news.google.com
Baird Q3 2024 SmallMid Cap Growth Equity Fund Commentary Seeking Alpha
Alger Health Valuation on November 12, 2024
It is possible to determine the worth of Alger Health on a given historical date. On November 12, 2024 Alger was worth 13.41 at the beginning of the trading date compared to the closed value of 13.41. 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 | |
| 13.60 | 13.60 | 13.60 | 13.60 | 1.00 | |
11/12/2024 | 13.41 | 13.41 | 13.41 | 13.41 | 1.00 |
| 13.35 | 13.35 | 13.35 | 13.35 | 1.00 |
| Backtest Alger Health | | | Alger Health History | | | Alger Health Valuation | Previous | Next |
Alger Health Trading Date Momentum on November 12, 2024
| On November 13 2024 Alger Health Sciences was traded for 13.35 at the closing time. The highest daily price throughout the period was 13.35 and the lowest price was 13.35 . There was no trading activity during the period 1.0. Lack of trading volume on 11/13/2024 added to the next day price reduction. The overall trading delta to closing price of the next trading day was 0.45% . The overall trading delta to current closing price is 0.07% . |
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 22, 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 22, 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 | (0.03) | |||
| Jensen Alpha | (0.09) | |||
| Total Risk Alpha | (0.13) | |||
| Treynor Ratio | (0.07) |
| 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 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 Dashboard Portfolio dashboard that provides centralized access to all your investments | |
| Idea Analyzer Analyze all characteristics, volatility and risk-adjusted return of Macroaxis ideas | |
| Price Ceiling Movement Calculate and plot Price Ceiling Movement for different equity instruments | |
| Equity Search Search for actively traded equities including funds and ETFs from over 30 global markets |