Alger Mid Cap Etf Price on June 14, 2024
| FRTY Etf | USD 19.93 0.19 0.96% |
If you're considering investing in Alger Etf, it is important to understand the factors that can impact its price. As of today, the current price of Alger Mid stands at 19.93, as last reported on the 23rd of November, with the highest price reaching 19.99 and the lowest price hitting 19.72 during the day. Alger Mid appears to be very steady, given 3 months investment horizon. Alger Mid Cap secures Sharpe Ratio (or Efficiency) of 0.29, which signifies that the etf had a 0.29% return per unit of standard deviation over the last 3 months. We have found thirty technical indicators for Alger Mid Cap, which you can use to evaluate the volatility of the entity. Please makes use of Alger Mid's mean deviation of 0.8664, and Risk Adjusted Performance of 0.2225 to double-check if our risk estimates are consistent with your expectations.
Alger Etf price history is provided at the adjusted basis, taking into account all of the recent filings.
Alger |
Sharpe Ratio = 0.2913
| Best Portfolio | Best Equity | |||
| Good Returns | ||||
| Average Returns | ||||
| Small Returns | FRTY | |||
| Cash | Small Risk | Average Risk | High Risk | Huge Risk |
| Negative Returns |
Estimated Market Risk
| 1.12 actual daily | 9 91% of assets are more volatile |
Expected Return
| 0.33 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 Mid 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 Mid by adding it to a well-diversified portfolio.
Average Mkt Cap Mil 20.6 K |
Alger Mid Valuation on June 14, 2024
It is possible to determine the worth of Alger Mid on a given historical date. On June 14, 2024 Alger was worth 16.08 at the beginning of the trading date compared to the closed value of 16.17. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Alger Mid etf. Still, in general, we apply an absolute valuation method to find Alger Mid'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 Mid where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Alger Mid's related companies.
| Open | High | Low | Close | Volume | |
| 16.11 | 16.22 | 16.04 | 16.19 | 15,700 | |
06/14/2024 | 16.08 | 16.17 | 15.95 | 16.17 | 4,700 |
| 15.99 | 16.29 | 15.99 | 16.25 | 3,700 |
| Backtest Alger Mid | | | Alger Mid History | | | Alger Mid Valuation | Previous | Next |
Alger Mid Trading Date Momentum on June 14, 2024
| On June 17 2024 Alger Mid Cap was traded for 16.25 at the closing time. The top price for the day was 16.29 and the lowest listed price was 15.99 . The trading volume for the day was 3.7 K. The trading history from June 17, 2024 was a factor to the next trading day price jump. The overall trading delta against the next closing price was 0.49% . The overall trading delta against the current closing price is 0.00% . |
Alger Mid Cap Fundamentals Correlations and Trends
By evaluating Alger Mid'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 Mid'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 Mid Etf history
Alger Mid 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 Mid Cap 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 Mid stock prices may prove useful in developing a viable investing in Alger Mid
Alger Mid Etf Technical Analysis
Alger Mid technical etf 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, etf market cycles, or different charting patterns.
Price Boundaries
Alger Mid Period Price Range
Low | November 23, 2024
| High |
0.00 | 0.00 |
Alger Mid Cap cannot be verified against its exchange. Please verify the symbol is currently traded on NYSE ARCA 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 Mid November 23, 2024 Market Strength
Market strength indicators help investors to evaluate how Alger Mid etf reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Alger Mid shares will generate the highest return on investment. By undertsting and applying Alger Mid etf market strength indicators, traders can identify Alger Mid Cap entry and exit signals to maximize returns
Alger Mid Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Alger Mid's price direction in advance. Along with the technical and fundamental analysis of Alger Etf 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 | 0.2225 | |||
| Jensen Alpha | 0.1935 | |||
| Total Risk Alpha | 0.1341 | |||
| Sortino Ratio | 0.1927 | |||
| Treynor Ratio | 0.3203 |
| Cycle Indicators | ||
| Math Operators | ||
| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Alger Mid Cap. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in estimate. You can also try the Alpha Finder module to use alpha and beta coefficients to find investment opportunities after accounting for the risk.
The market value of Alger Mid Cap is measured differently than its book value, which is the value of Alger that is recorded on the company's balance sheet. Investors also form their own opinion of Alger Mid's value that differs from its market value or its book value, called intrinsic value, which is Alger Mid's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Alger Mid's market value can be influenced by many factors that don't directly affect Alger Mid's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Alger Mid's value and its price as these two are different measures arrived at by different means. Investors typically determine if Alger Mid is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Alger Mid's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.