Alger Smidcap Focus Fund Price on July 5, 2024
| ASIMX Fund | USD 15.34 0.01 0.07% |
Below is the normalized historical share price chart for Alger Smidcap Focus extending back to August 07, 2007. 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 Smidcap stands at 15.34, as last reported on the 1st of December, with the highest price reaching 15.34 and the lowest price hitting 15.34 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 Smidcap appears to be very steady, given 3 months investment horizon. Alger Smidcap Focus 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 Smidcap Focus, which you can use to evaluate the volatility of the entity. Please makes use of Alger Smidcap's mean deviation of 0.9358, and Risk Adjusted Performance of 0.1098 to double-check if our risk estimates are consistent with your expectations.
Alger Mutual Fund price history is provided at the adjusted basis, taking into account all of the recent filings.
Alger |
Sharpe Ratio = 0.1689
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Estimated Market Risk
| 1.23 actual daily | 10 90% of assets are more volatile |
Expected Return
| 0.21 actual daily | 4 96% of assets have higher returns |
Risk-Adjusted Return
| 0.17 actual daily | 13 87% of assets perform better |
Based on monthly moving average Alger Smidcap 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 Smidcap by adding it to a well-diversified portfolio.
Alger Smidcap Valuation on July 5, 2024
It is possible to determine the worth of Alger Smidcap on a given historical date. On July 5, 2024 Alger was worth 13.06 at the beginning of the trading date compared to the closed value of 13.06. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Alger Smidcap mutual fund. Still, in general, we apply an absolute valuation method to find Alger Smidcap'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 Smidcap where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Alger Smidcap's related companies.
| Open | High | Low | Close | Volume | |
| 13.01 | 13.01 | 13.01 | 13.01 | 1.00 | |
07/05/2024 | 13.06 | 13.06 | 13.06 | 13.06 | 1.00 |
| 13.07 | 13.07 | 13.07 | 13.07 | 1.00 |
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Alger Smidcap Trading Date Momentum on July 5, 2024
| On July 08 2024 Alger Smidcap Focus was traded for 13.07 at the closing time. The highest daily price throughout the period was 13.07 and the lowest price was 13.07 . There was no trading activity during the period 1.0. Lack of trading volume on 07/08/2024 added to the next day price jump. The overall trading delta to closing price of the next trading day was 0.08% . The overall trading delta to current closing price is 5.28% . |
Alger Smidcap Focus Fundamentals Correlations and Trends
By evaluating Alger Smidcap'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 Smidcap'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 Smidcap Mutual Fund history
Alger Smidcap 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 Smidcap Focus 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 Smidcap stock prices may prove useful in developing a viable investing in Alger Smidcap
Under normal circumstances, the fund invests at least 80 percent of its net assets, plus any borrowings for investment purposes, in equity securities of smallcap and midcap companies. Equity securities include common or preferred stocks that are listed on U.S. or foreign exchanges. Smallcap or midcap companies are companies that, at the time of purchase, have total market capitalization within the range of companies included in the Russell 2500 Growth Index or the Russell Midcap Growth Index, respectively, as reported by the indexes as of the most recent quarter-end.
Alger Smidcap Mutual Fund Technical Analysis
Alger Smidcap 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 Smidcap Period Price Range
Low | December 1, 2024
| High |
0.00 | 0.00 |
Alger Smidcap Focus 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 Smidcap December 1, 2024 Market Strength
Market strength indicators help investors to evaluate how Alger Smidcap 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 Smidcap shares will generate the highest return on investment. By undertsting and applying Alger Smidcap mutual fund market strength indicators, traders can identify Alger Smidcap Focus entry and exit signals to maximize returns
Alger Smidcap Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Alger Smidcap'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 | 0.1098 | |||
| Jensen Alpha | (0.01) | |||
| Total Risk Alpha | (0.05) | |||
| Sortino Ratio | 0.0304 | |||
| Treynor Ratio | 0.1187 |
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| Volume Indicators |
Other Information on Investing in Alger Mutual Fund
Alger Smidcap 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 Smidcap security.
| Money Flow Index Determine momentum by analyzing Money Flow Index and other technical indicators | |
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