Alger Small Cap Fund Market Value
| AGOZX Fund | USD 22.31 0.17 0.76% |
| Symbol | Alger |
Alger Small '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 Small'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 Small.
| 06/08/2023 |
| 11/29/2024 |
If you would invest 0.00 in Alger Small on June 8, 2023 and sell it all today you would earn a total of 0.00 from holding Alger Small Cap or generate 0.0% return on investment in Alger Small over 540 days. Alger Small is related to or competes with Alger Spectra, Alger Smidcap, Alger Funds, Alger Capital, and Blackrock Mid. The fund normally invests at least 80 percent of its net assets, plus any borrowings for investment purposes, in equity ... More
Alger Small 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 Small'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 Small Cap upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.42 | |||
| Information Ratio | 0.0822 | |||
| Maximum Drawdown | 7.55 | |||
| Value At Risk | (2.19) | |||
| Potential Upside | 2.69 |
Alger Small Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Alger Small's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Alger Small's standard deviation. In reality, there are many statistical measures that can use Alger Small historical prices to predict the future Alger Small's volatility.| Risk Adjusted Performance | 0.1327 | |||
| Jensen Alpha | 0.0579 | |||
| Total Risk Alpha | 0.0142 | |||
| Sortino Ratio | 0.0855 | |||
| Treynor Ratio | 0.1526 |
Alger Small Cap Backtested Returns
Alger Small appears to be very steady, given 3 months investment horizon. Alger Small Cap secures Sharpe Ratio (or Efficiency) of 0.23, which signifies that the fund had a 0.23% return per unit of standard deviation over the last 3 months. We have found twenty-seven technical indicators for Alger Small Cap, which you can use to evaluate the volatility of the entity. Please makes use of Alger Small's mean deviation of 1.12, and Risk Adjusted Performance of 0.1327 to double-check if our risk estimates are consistent with your expectations. The fund shows a Beta (market volatility) of 1.55, which signifies a somewhat significant risk relative to the market. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, Alger Small will likely underperform.
Auto-correlation | 0.66 |
Good predictability
Alger Small Cap has good predictability. Overlapping area represents the amount of predictability between Alger Small time series from 8th of June 2023 to 4th of March 2024 and 4th of March 2024 to 29th 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 Small Cap price movement. The serial correlation of 0.66 indicates that around 66.0% of current Alger Small price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.66 | |
| Spearman Rank Test | 0.3 | |
| Residual Average | 0.0 | |
| Price Variance | 0.75 |
Alger Small Cap lagged returns against current returns
Autocorrelation, which is Alger Small 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 Small's mutual fund expected returns. We can calculate the autocorrelation of Alger Small returns to help us make a trade decision. For example, suppose you find that Alger Small 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 Small 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 Small mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Alger Small 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 Small mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Alger Small Lagged Returns
When evaluating Alger Small's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Alger Small mutual fund have on its future price. Alger Small 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 Small autocorrelation shows the relationship between Alger Small mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Alger Small Cap.
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 Small 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 Small security.
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