Alger Growth Income Fund Price on October 18, 2024
| ALBAX Fund | USD 78.65 0.23 0.29% |
Below is the normalized historical share price chart for Alger Growth Income extending back to June 23, 1997. 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 78.65, as last reported on the 11th of December 2024, with the highest price reaching 78.65 and the lowest price hitting 78.65 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 0.16, which signifies that the fund had a 0.16% return per unit of standard deviation over the last 3 months. We have found twenty-seven technical indicators for Alger Growth Income, which you can use to evaluate the volatility of the entity. Please confirm Alger Growth's risk adjusted performance of 0.144, and Mean Deviation of 0.4417 to double-check if the risk estimate we provide is consistent with the expected return of 0.0934%.
Alger Mutual Fund price history is provided at the adjusted basis, taking into account all of the recent filings.
Alger |
Sharpe Ratio = 0.1562
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Estimated Market Risk
| 0.6 actual daily | 5 95% of assets are more volatile |
Expected Return
| 0.09 actual daily | 1 99% of assets have higher returns |
Risk-Adjusted Return
| 0.16 actual daily | 12 88% of assets perform better |
Based on monthly moving average Alger Growth is performing at about 12% 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.
Alger Growth Valuation on October 18, 2024
It is possible to determine the worth of Alger Growth on a given historical date. On October 18, 2024 Alger was worth 77.32 at the beginning of the trading date compared to the closed value of 77.32. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Alger Growth mutual fund. Still, in general, we apply an absolute valuation method to find Alger Growth'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 Growth where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Alger Growth's related companies.
| Open | High | Low | Close | Volume | |
| 77.09 | 77.09 | 77.09 | 77.09 | 1.00 | |
10/18/2024 | 77.32 | 77.32 | 77.32 | 77.32 | 1.00 |
| 76.93 | 76.93 | 76.93 | 76.93 | 1.00 |
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Alger Growth Trading Date Momentum on October 18, 2024
| On October 21 2024 Alger Growth Income was traded for 76.93 at the closing time. The highest daily price throughout the period was 76.93 and the lowest price was 76.93 . There was no trading activity during the period 1.0. Lack of trading volume on 10/21/2024 added to the next day price reduction. The overall trading delta to closing price of the next trading day was 0.50% . The overall trading delta to current closing price is 1.05% . |
Alger Growth Income Fundamentals Correlations and Trends
By evaluating Alger Growth'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 Growth'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 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 advisor intends 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. The advisor focuses on growing companies that, at the time of purchase of the securities, have a market capitalization equal to or greater than the market capitalization of companies included in the SP 500 Index, as reported by the index as of the most recent quarter-end.
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 | December 11, 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 December 11, 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 | 0.144 | |||
| Jensen Alpha | 0.0351 | |||
| Total Risk Alpha | 0.0163 | |||
| Sortino Ratio | (0.01) | |||
| Treynor Ratio | 0.1673 |
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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.
| Analyst Advice Analyst recommendations and target price estimates broken down by several categories | |
| Fundamental Analysis View fundamental data based on most recent published financial statements | |
| Performance Analysis Check effects of mean-variance optimization against your current asset allocation | |
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