Alger Concentrated Equity Fund Price on November 27, 2024

CNEIX Fund   13.21  0.15  1.15%   
If you're considering investing in Alger Mutual Fund, it is important to understand the factors that can impact its price. As of today, the current price of Alger Concentrated stands at 13.21, as last reported on the 4th of December, with the highest price reaching 13.21 and the lowest price hitting 13.21 during the day. Alger Concentrated appears to be very steady, given 3 months investment horizon. Alger Concentrated Equity secures Sharpe Ratio (or Efficiency) of 0.29, which signifies that the fund had a 0.29% return per unit of standard deviation over the last 3 months. We have found twenty-eight technical indicators for Alger Concentrated Equity, which you can use to evaluate the volatility of the entity. Please makes use of Alger Concentrated's risk adjusted performance of 0.1683, and Mean Deviation of 0.891 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.

Sharpe Ratio = 0.2907

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Estimated Market Risk

 1.17
  actual daily
10
90% of assets are more volatile

Expected Return

 0.34
  actual daily
6
94% of assets have higher returns

Risk-Adjusted Return

 0.29
  actual daily
22
78% of assets perform better
Based on monthly moving average Alger Concentrated is performing at about 22% 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 Concentrated by adding it to a well-diversified portfolio.

Alger Concentrated Valuation on November 27, 2024

It is possible to determine the worth of Alger Concentrated on a given historical date. On November 27, 2024 Alger was worth 12.79 at the beginning of the trading date compared to the closed value of 12.79. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Alger Concentrated mutual fund. Still, in general, we apply an absolute valuation method to find Alger Concentrated'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 Concentrated where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Alger Concentrated's related companies.
 Open High Low Close Volume
  12.92    12.92    12.92    12.92    1.00  
11/27/2024
  12.79    12.79    12.79    12.79    1.00  
  12.93    12.93    12.93    12.93    1.00  
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Open Value
12.79
12.79
Closing Value
16.29
Upside

Alger Concentrated Trading Date Momentum on November 27, 2024

On November 29 2024 Alger Concentrated Equity was traded for  12.93  at the closing time. The highest daily price throughout the period was 12.93  and the lowest price was  12.93 . There was no trading activity during the period 1.0. Lack of trading volume on 11/29/2024 added to the next day price jump. The overall trading delta to closing price of the next trading day was 1.09% . The overall trading delta to current closing price is 3.28% .

About Alger Concentrated Mutual Fund history

Alger Concentrated 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 Concentrated Equity 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 Concentrated stock prices may prove useful in developing a viable investing in Alger Concentrated
Under normal circumstances, the fund invests at least 80 percent of its net assets, plus any borrowings for investment purposes, in equity securities of large-cap companies that the manager believes demonstrate promising growth potential. The fund is non-diversified.

Alger Concentrated Mutual Fund Technical Analysis

Alger Concentrated 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.
A focus of Alger Concentrated technical analysis is to determine if market prices reflect all relevant information impacting that market. A technical analyst looks at the history of Alger Concentrated trading pattern rather than external drivers such as economic, fundamental, or social events. It is believed that price action tends to repeat itself due to investors' collective, patterned behavior. Hence technical analysis focuses on identifiable price trends and conditions. More Info...

Price Boundaries

Alger Concentrated Period Price Range

Low
December 4, 2024
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High

 0.00 

     

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Alger Concentrated Equity 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 Concentrated December 4, 2024 Market Strength

Market strength indicators help investors to evaluate how Alger Concentrated 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 Concentrated shares will generate the highest return on investment. By undertsting and applying Alger Concentrated mutual fund market strength indicators, traders can identify Alger Concentrated Equity entry and exit signals to maximize returns

Alger Concentrated Technical and Predictive Indicators

Predictive indicators are helping investors to find signals for Alger Concentrated'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.

Other Information on Investing in Alger Mutual Fund

Alger Concentrated 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 Concentrated security.
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