Alger Balanced Portfolio Fund Market Value
| ABLOX Fund | USD 22.74 0.09 0.40% |
| Symbol | Alger |
Alger Balanced 'What if' Analysis
In the world of financial modeling, what-if analysis is part of sensitivity analysis performed to test how changes in assumptions impact individual outputs in a model. When applied to Alger Balanced's mutual fund what-if analysis refers to the analyzing how the change in your past investing horizon will affect the profitability against the current market value of Alger Balanced.
| 03/12/2023 |
| 01/30/2025 |
If you would invest 0.00 in Alger Balanced on March 12, 2023 and sell it all today you would earn a total of 0.00 from holding Alger Balanced Portfolio or generate 0.0% return on investment in Alger Balanced over 690 days. Alger Balanced is related to or competes with Alger Large, Alger Growth, Select Fund, Alger Capital, and Alger Small. The manager focuses on stocks of companies that the advisor believes demonstrate growth potential and on fixed-income se... More
Alger Balanced Upside/Downside Indicators
Understanding different market momentum indicators often help investors to time their next move. Potential upside and downside technical ratios enable traders to measure Alger Balanced's mutual fund current market value against overall market sentiment and can be a good tool during both bulling and bearish trends. Here we outline some of the essential indicators to assess Alger Balanced Portfolio upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.7499 | |||
| Information Ratio | (0.05) | |||
| Maximum Drawdown | 3.99 | |||
| Value At Risk | (1.12) | |||
| Potential Upside | 0.7623 |
Alger Balanced Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Alger Balanced's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Alger Balanced's standard deviation. In reality, there are many statistical measures that can use Alger Balanced historical prices to predict the future Alger Balanced's volatility.| Risk Adjusted Performance | 0.0671 | |||
| Jensen Alpha | 0.0255 | |||
| Total Risk Alpha | (0.01) | |||
| Sortino Ratio | (0.04) | |||
| Treynor Ratio | 0.1888 |
Alger Balanced Portfolio Backtested Returns
At this stage we consider Alger Mutual Fund to be very steady. Alger Balanced Portfolio secures Sharpe Ratio (or Efficiency) of 0.12, which signifies that the fund had a 0.12 % return per unit of standard deviation over the last 3 months. We have found twenty-seven technical indicators for Alger Balanced Portfolio, which you can use to evaluate the volatility of the entity. Please confirm Alger Balanced's risk adjusted performance of 0.0671, and Mean Deviation of 0.4472 to double-check if the risk estimate we provide is consistent with the expected return of 0.0738%. The fund shows a Beta (market volatility) of 0.22, which signifies not very significant fluctuations relative to the market. As returns on the market increase, Alger Balanced's returns are expected to increase less than the market. However, during the bear market, the loss of holding Alger Balanced is expected to be smaller as well.
Auto-correlation | 0.86 |
Very good predictability
Alger Balanced Portfolio has very good predictability. Overlapping area represents the amount of predictability between Alger Balanced time series from 12th of March 2023 to 20th of February 2024 and 20th of February 2024 to 30th of January 2025. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Alger Balanced Portfolio price movement. The serial correlation of 0.86 indicates that approximately 86.0% of current Alger Balanced price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.86 | |
| Spearman Rank Test | 0.85 | |
| Residual Average | 0.0 | |
| Price Variance | 0.91 |
Alger Balanced Portfolio lagged returns against current returns
Autocorrelation, which is Alger Balanced mutual fund's lagged correlation, explains the relationship between observations of its time series of returns over different periods of time. The observations are said to be independent if autocorrelation is zero. Autocorrelation is calculated as a function of mean and variance and can have practical application in predicting Alger Balanced's mutual fund expected returns. We can calculate the autocorrelation of Alger Balanced returns to help us make a trade decision. For example, suppose you find that Alger Balanced has exhibited high autocorrelation historically, and you observe that the mutual fund is moving up for the past few days. In that case, you can expect the price movement to match the lagging time series.
Current and Lagged Values |
| Timeline |
Alger Balanced regressed lagged prices vs. current prices
Serial correlation can be approximated by using the Durbin-Watson (DW) test. The correlation can be either positive or negative. If Alger Balanced mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Alger Balanced mutual fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Alger Balanced mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Alger Balanced Lagged Returns
When evaluating Alger Balanced's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Alger Balanced mutual fund have on its future price. Alger Balanced autocorrelation represents the degree of similarity between a given time horizon and a lagged version of the same horizon over the previous time interval. In other words, Alger Balanced autocorrelation shows the relationship between Alger Balanced mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Alger Balanced Portfolio.
Regressed Prices |
| Timeline |
Also Currently Popular
Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.Other Information on Investing in Alger Mutual Fund
Alger Balanced 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 Balanced security.
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