Alger Responsible Investing Fund Market Value
| AGFCX Fund | USD 15.85 0.12 0.76% |
| Symbol | Alger |
Alger Responsible '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 Responsible'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 Responsible.
| 10/31/2024 |
| 11/30/2024 |
If you would invest 0.00 in Alger Responsible on October 31, 2024 and sell it all today you would earn a total of 0.00 from holding Alger Responsible Investing or generate 0.0% return on investment in Alger Responsible over 30 days. Alger Responsible is related to or competes with Alger Midcap, Alger Midcap, Alger Mid, Alger Small, Alger Small, Alger Small, and Alger Small. The fund invests at least 80 percent of its net assets, plus any borrowings for investment purposes, in equity securities of companies of any size with an environmental, social and governance rating of average or above by a third-party ESG rating agency that also demonstrate, in the view of the Manager, promising growth potential. More
Alger Responsible 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 Responsible'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 Responsible Investing upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.3 | |||
| Information Ratio | (0.01) | |||
| Maximum Drawdown | 4.93 | |||
| Value At Risk | (2.11) | |||
| Potential Upside | 1.54 |
Alger Responsible Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Alger Responsible's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Alger Responsible's standard deviation. In reality, there are many statistical measures that can use Alger Responsible historical prices to predict the future Alger Responsible's volatility.| Risk Adjusted Performance | 0.101 | |||
| Jensen Alpha | 0.0121 | |||
| Total Risk Alpha | (0.05) | |||
| Sortino Ratio | (0) | |||
| Treynor Ratio | 0.1417 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Alger Responsible's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Alger Responsible Backtested Returns
At this stage we consider Alger Mutual Fund to be very steady. Alger Responsible secures Sharpe Ratio (or Efficiency) of 0.18, which signifies that the fund had a 0.18% return per unit of standard deviation over the last 3 months. We have found twenty-eight technical indicators for Alger Responsible Investing, which you can use to evaluate the volatility of the entity. Please confirm Alger Responsible's mean deviation of 0.7102, and Risk Adjusted Performance of 0.101 to double-check if the risk estimate we provide is consistent with the expected return of 0.17%. The fund shows a Beta (market volatility) of 0.86, which signifies possible diversification benefits within a given portfolio. Alger Responsible returns are very sensitive to returns on the market. As the market goes up or down, Alger Responsible is expected to follow.
Auto-correlation | 0.79 |
Good predictability
Alger Responsible Investing has good predictability. Overlapping area represents the amount of predictability between Alger Responsible time series from 31st of October 2024 to 15th of November 2024 and 15th of November 2024 to 30th 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 Responsible price movement. The serial correlation of 0.79 indicates that around 79.0% of current Alger Responsible price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.79 | |
| Spearman Rank Test | 0.74 | |
| Residual Average | 0.0 | |
| Price Variance | 0.02 |
Alger Responsible lagged returns against current returns
Autocorrelation, which is Alger Responsible 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 Responsible's mutual fund expected returns. We can calculate the autocorrelation of Alger Responsible returns to help us make a trade decision. For example, suppose you find that Alger Responsible 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 Responsible 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 Responsible mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Alger Responsible 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 Responsible mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Alger Responsible Lagged Returns
When evaluating Alger Responsible's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Alger Responsible mutual fund have on its future price. Alger Responsible 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 Responsible autocorrelation shows the relationship between Alger Responsible mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Alger Responsible Investing.
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 Responsible 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 Responsible security.
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