Alger Smidcap Focus Fund Market Value
| ASIMX Fund | USD 15.29 0.34 2.27% |
| Symbol | Alger |
Alger Smidcap '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 Smidcap'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 Smidcap.
| 12/22/2024 |
| 01/21/2025 |
If you would invest 0.00 in Alger Smidcap on December 22, 2024 and sell it all today you would earn a total of 0.00 from holding Alger Smidcap Focus or generate 0.0% return on investment in Alger Smidcap over 30 days. Alger Smidcap is related to or competes with Heartland Value, Queens Road, Small-cap Growth, Amg River, Lord Abbett, Lsv Small, and American Century. Under normal circumstances, the fund invests at least 80 percent of its net assets, plus any borrowings for investment p... More
Alger Smidcap 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 Smidcap'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 Smidcap Focus upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.43 | |||
| Information Ratio | 0.0598 | |||
| Maximum Drawdown | 9.42 | |||
| Value At Risk | (2.18) | |||
| Potential Upside | 2.16 |
Alger Smidcap Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Alger Smidcap's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Alger Smidcap's standard deviation. In reality, there are many statistical measures that can use Alger Smidcap historical prices to predict the future Alger Smidcap's volatility.| Risk Adjusted Performance | 0.0715 | |||
| Jensen Alpha | 0.094 | |||
| Total Risk Alpha | 0.0714 | |||
| Sortino Ratio | 0.0595 | |||
| Treynor Ratio | 0.1888 |
Alger Smidcap Focus Backtested Returns
Alger Smidcap appears to be very steady, given 3 months investment horizon. Alger Smidcap Focus secures Sharpe Ratio (or Efficiency) of 0.13, which signifies that the fund had a 0.13 % return per unit of standard deviation over the last 3 months. We have found twenty-seven technical indicators for Alger Smidcap Focus, which you can use to evaluate the volatility of the entity. Please makes use of Alger Smidcap's mean deviation of 1.05, and Risk Adjusted Performance of 0.0715 to double-check if our risk estimates are consistent with your expectations. The fund shows a Beta (market volatility) of 0.56, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, Alger Smidcap's returns are expected to increase less than the market. However, during the bear market, the loss of holding Alger Smidcap is expected to be smaller as well.
Auto-correlation | 0.37 |
Below average predictability
Alger Smidcap Focus has below average predictability. Overlapping area represents the amount of predictability between Alger Smidcap time series from 22nd of December 2024 to 6th of January 2025 and 6th of January 2025 to 21st 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 Smidcap Focus price movement. The serial correlation of 0.37 indicates that just about 37.0% of current Alger Smidcap price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.37 | |
| Spearman Rank Test | -0.02 | |
| Residual Average | 0.0 | |
| Price Variance | 0.05 |
Alger Smidcap Focus lagged returns against current returns
Autocorrelation, which is Alger Smidcap 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 Smidcap's mutual fund expected returns. We can calculate the autocorrelation of Alger Smidcap returns to help us make a trade decision. For example, suppose you find that Alger Smidcap 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 Smidcap 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 Smidcap mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Alger Smidcap 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 Smidcap mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Alger Smidcap Lagged Returns
When evaluating Alger Smidcap's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Alger Smidcap mutual fund have on its future price. Alger Smidcap 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 Smidcap autocorrelation shows the relationship between Alger Smidcap mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Alger Smidcap Focus.
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 Smidcap 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 Smidcap security.
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