Alger Concentrated Equity Fund Price on September 5, 2024
| CNEZX Fund | 12.85 0.04 0.31% |
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 12.85, as last reported on the 22nd of November, with the highest price reaching 12.85 and the lowest price hitting 12.85 during the day. Alger Concentrated appears to be moderately volatile, given 3 months investment horizon. Alger Concentrated Equity secures Sharpe Ratio (or Efficiency) of 0.19, which signifies that the fund had a 0.19% return per unit of standard deviation over the last 3 months. We have found twenty-four technical indicators for Alger Concentrated Equity, which you can use to evaluate the volatility of the entity. Please makes use of Alger Concentrated's semi deviation of 1.34, and Risk Adjusted Performance of 0.1349 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 = 0.1894
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Estimated Market Risk
| 1.29 actual daily | 11 89% of assets are more volatile |
Expected Return
| 0.24 actual daily | 4 96% of assets have higher returns |
Risk-Adjusted Return
| 0.19 actual daily | 14 86% of assets perform better |
Based on monthly moving average Alger Concentrated is performing at about 14% 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 September 5, 2024
It is possible to determine the worth of Alger Concentrated on a given historical date. On September 5, 2024 Alger was worth 10.69 at the beginning of the trading date compared to the closed value of 10.69. 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 | |
| 10.66 | 10.66 | 10.66 | 10.66 | 1.00 | |
09/05/2024 | 10.69 | 10.69 | 10.69 | 10.69 | 1.00 |
| 10.40 | 10.40 | 10.40 | 10.40 | 1.00 |
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Alger Concentrated Trading Date Momentum on September 5, 2024
| On September 06 2024 Alger Concentrated Equity was traded for 10.40 at the closing time. The highest daily price throughout the period was 10.40 and the lowest price was 10.40 . There was no trading activity during the period 1.0. Lack of trading volume on 09/06/2024 added to the next day price reduction. The overall trading delta to closing price of the next trading day was 2.71% . The overall trading delta to current closing price is 5.05% . |
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.
Price Boundaries
Alger Concentrated Period Price Range
Low | November 22, 2024
| High |
0.00 | 0.00 |
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 November 22, 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.
| Risk Adjusted Performance | 0.1349 | |||
| Total Risk Alpha | 0.0432 | |||
| Sortino Ratio | 0.071 |
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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.
| Instant Ratings Determine any equity ratings based on digital recommendations. Macroaxis instant equity ratings are based on combination of fundamental analysis and risk-adjusted market performance | |
| Analyst Advice Analyst recommendations and target price estimates broken down by several categories |