Alger Smidcap Focus Fund Market Value
| ASMZX Fund | USD 16.45 0.31 1.92% |
| 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.
| 10/26/2024 |
| 11/25/2024 |
If you would invest 0.00 in Alger Smidcap on October 26, 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 Alger Midcap, Alger Midcap, Alger Mid, Alger Global, Alger Global, and Alger Emerging. 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 | 1.29 | |||
| Information Ratio | 0.0316 | |||
| Maximum Drawdown | 6.79 | |||
| Value At Risk | (1.87) | |||
| Potential Upside | 2.42 |
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 | 0.1056 | |||
| Jensen Alpha | (0.01) | |||
| Total Risk Alpha | (0.04) | |||
| Sortino Ratio | 0.0319 | |||
| Treynor Ratio | 0.1131 |
Alger Smidcap Focus Backtested Returns
At this stage we consider Alger Mutual Fund to be very steady. 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-eight technical indicators for Alger Smidcap Focus, which you can use to evaluate the volatility of the entity. Please confirm Alger Smidcap's risk adjusted performance of 0.1056, and Mean Deviation of 0.9556 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 1.43, 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 Smidcap will likely underperform.
Auto-correlation | 0.79 |
Good predictability
Alger Smidcap Focus has good predictability. Overlapping area represents the amount of predictability between Alger Smidcap time series from 26th of October 2024 to 10th of November 2024 and 10th of November 2024 to 25th 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 Smidcap Focus price movement. The serial correlation of 0.79 indicates that around 79.0% of current Alger Smidcap price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.79 | |
| Spearman Rank Test | 0.33 | |
| Residual Average | 0.0 | |
| Price Variance | 0.13 |
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.
| Odds Of Bankruptcy Get analysis of equity chance of financial distress in the next 2 years | |
| Portfolio Suggestion Get suggestions outside of your existing asset allocation including your own model portfolios | |
| Sectors List of equity sectors categorizing publicly traded companies based on their primary business activities | |
| Price Exposure Probability Analyze equity upside and downside potential for a given time horizon across multiple markets |