Alger Dynamic Opportunities Fund Market Value
| ADOZX Fund | USD 22.03 0.05 0.23% |
| Symbol | Alger |
Alger Dynamic '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 Dynamic'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 Dynamic.
| 10/27/2024 |
| 11/26/2024 |
If you would invest 0.00 in Alger Dynamic on October 27, 2024 and sell it all today you would earn a total of 0.00 from holding Alger Dynamic Opportunities or generate 0.0% return on investment in Alger Dynamic over 30 days. Alger Dynamic is related to or competes with Riverpark Long/short, Columbia Thermostat, Alger Capital, and Blckrk Lc. The fund invests in a portfolio of U.S. and foreign equity securities More
Alger Dynamic 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 Dynamic'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 Dynamic Opportunities upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.8029 | |||
| Information Ratio | 0.0098 | |||
| Maximum Drawdown | 3.18 | |||
| Value At Risk | (1.02) | |||
| Potential Upside | 1.27 |
Alger Dynamic Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Alger Dynamic's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Alger Dynamic's standard deviation. In reality, there are many statistical measures that can use Alger Dynamic historical prices to predict the future Alger Dynamic's volatility.| Risk Adjusted Performance | 0.1489 | |||
| Jensen Alpha | 0.0509 | |||
| Total Risk Alpha | 0.0167 | |||
| Sortino Ratio | 0.0086 | |||
| Treynor Ratio | 0.2008 |
Alger Dynamic Opport Backtested Returns
At this stage we consider Alger Mutual Fund to be very steady. Alger Dynamic Opport 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-seven technical indicators for Alger Dynamic Opportunities, which you can use to evaluate the volatility of the entity. Please confirm Alger Dynamic's risk adjusted performance of 0.1489, and Mean Deviation of 0.5277 to double-check if the risk estimate we provide is consistent with the expected return of 0.14%. The fund shows a Beta (market volatility) of 0.64, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, Alger Dynamic's returns are expected to increase less than the market. However, during the bear market, the loss of holding Alger Dynamic is expected to be smaller as well.
Auto-correlation | 0.95 |
Excellent predictability
Alger Dynamic Opportunities has excellent predictability. Overlapping area represents the amount of predictability between Alger Dynamic time series from 27th of October 2024 to 11th of November 2024 and 11th of November 2024 to 26th of November 2024. 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 Dynamic Opport price movement. The serial correlation of 0.95 indicates that approximately 95.0% of current Alger Dynamic price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.95 | |
| Spearman Rank Test | 0.89 | |
| Residual Average | 0.0 | |
| Price Variance | 0.05 |
Alger Dynamic Opport lagged returns against current returns
Autocorrelation, which is Alger Dynamic 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 Dynamic's mutual fund expected returns. We can calculate the autocorrelation of Alger Dynamic returns to help us make a trade decision. For example, suppose you find that Alger Dynamic 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 Dynamic 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 Dynamic mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Alger Dynamic 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 Dynamic mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Alger Dynamic Lagged Returns
When evaluating Alger Dynamic's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Alger Dynamic mutual fund have on its future price. Alger Dynamic 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 Dynamic autocorrelation shows the relationship between Alger Dynamic mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Alger Dynamic Opportunities.
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 Dynamic 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 Dynamic security.
| Transaction History View history of all your transactions and understand their impact on performance | |
| Odds Of Bankruptcy Get analysis of equity chance of financial distress in the next 2 years | |
| Portfolio Volatility Check portfolio volatility and analyze historical return density to properly model market risk | |
| Equity Forecasting Use basic forecasting models to generate price predictions and determine price momentum |