Alger Growth Income Fund Price on May 26, 3020
| AIGOX Fund | USD 33.74 0.17 0.51% |
Below is the normalized historical share price chart for Alger Growth Income extending back to May 07, 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 Growth stands at 33.74, as last reported on the 30th of November, with the highest price reaching 33.74 and the lowest price hitting 33.74 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 Growth Income secures Sharpe Ratio (or Efficiency) of 0.14, which signifies that the fund had a 0.14% return per unit of standard deviation over the last 3 months. We have found twenty-eight technical indicators for Alger Growth Income, which you can use to evaluate the volatility of the entity. Please confirm Alger Growth's mean deviation of 0.5545, and Risk Adjusted Performance of 0.0887 to double-check if the risk estimate we provide is consistent with the expected return of 0.1%.
Alger Mutual Fund price history is provided at the adjusted basis, taking into account all of the recent filings.
Alger |
Sharpe Ratio = 0.145
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| Cash | AIGOX | Average Risk | High Risk | Huge Risk |
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Estimated Market Risk
| 0.7 actual daily | 6 94% of assets are more volatile |
Expected Return
| 0.1 actual daily | 1 99% of assets have higher returns |
Risk-Adjusted Return
| 0.14 actual daily | 11 89% of assets perform better |
Based on monthly moving average Alger Growth is performing at about 11% 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 Growth by adding it to a well-diversified portfolio.
Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.
About Alger Growth Mutual Fund history
Alger Growth 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 Growth Income 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 Growth stock prices may prove useful in developing a viable investing in Alger Growth
The fund invests primarily in equity securities such as common or preferred stocks which the advisor believes offer opportunities for capital appreciation and which also pay dividends. It is a fundamental policy of the fund to invest at least 65 percent of its total assets in dividend paying equity securities. The fund may invest up to 35 percent of its total assets in equity securities that do not pay dividends or in money market instruments and repurchase agreements.
Alger Growth Mutual Fund Technical Analysis
Alger Growth 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 Growth Period Price Range
Low | November 30, 2024
| High |
0.00 | 0.00 |
Alger Growth Income 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 Growth November 30, 2024 Market Strength
Market strength indicators help investors to evaluate how Alger Growth 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 Growth shares will generate the highest return on investment. By undertsting and applying Alger Growth mutual fund market strength indicators, traders can identify Alger Growth Income entry and exit signals to maximize returns
Alger Growth Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Alger Growth'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 | 0.0887 | |||
| Jensen Alpha | (0.03) | |||
| Total Risk Alpha | (0.05) | |||
| Sortino Ratio | (0.06) | |||
| Treynor Ratio | 0.094 |
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Other Information on Investing in Alger Mutual Fund
Alger Growth 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 Growth security.
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