Alger 35 Fund Market Value
| ATVPX Fund | USD 17.55 0.01 0.06% |
| Symbol | Alger |
Alger 35 '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 35'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 35.
| 02/04/2023 |
| 11/25/2024 |
If you would invest 0.00 in Alger 35 on February 4, 2023 and sell it all today you would earn a total of 0.00 from holding Alger 35 Fund or generate 0.0% return on investment in Alger 35 over 660 days. Alger 35 is related to or competes with Alger Midcap, Alger Midcap, Alger Mid, Alger Small, Alger Small, Alger Small, and Alger Small. Under normal circumstances, the fund invests in a 35-stock portfolio of equity securities of companies of any market cap... More
Alger 35 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 35'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 35 Fund upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.67 | |||
| Information Ratio | 0.1221 | |||
| Maximum Drawdown | 6.37 | |||
| Value At Risk | (2.36) | |||
| Potential Upside | 2.54 |
Alger 35 Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Alger 35's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Alger 35's standard deviation. In reality, there are many statistical measures that can use Alger 35 historical prices to predict the future Alger 35's volatility.| Risk Adjusted Performance | 0.1709 | |||
| Jensen Alpha | 0.1585 | |||
| Total Risk Alpha | 0.072 | |||
| Sortino Ratio | 0.1009 | |||
| Treynor Ratio | 0.2674 |
Alger 35 Fund Backtested Returns
Alger 35 appears to be very steady, given 3 months investment horizon. Alger 35 Fund secures Sharpe Ratio (or Efficiency) of 0.21, which signifies that the fund had a 0.21% return per unit of standard deviation over the last 3 months. We have found twenty-eight technical indicators for Alger 35 Fund, which you can use to evaluate the volatility of the entity. Please makes use of Alger 35's risk adjusted performance of 0.1709, and Mean Deviation of 0.9704 to double-check if our risk estimates are consistent with your expectations. The fund shows a Beta (market volatility) of 1.08, which signifies a somewhat significant risk relative to the market. Alger 35 returns are very sensitive to returns on the market. As the market goes up or down, Alger 35 is expected to follow.
Auto-correlation | 0.68 |
Good predictability
Alger 35 Fund has good predictability. Overlapping area represents the amount of predictability between Alger 35 time series from 4th of February 2023 to 31st of December 2023 and 31st of December 2023 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 35 Fund price movement. The serial correlation of 0.68 indicates that around 68.0% of current Alger 35 price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.68 | |
| Spearman Rank Test | 0.53 | |
| Residual Average | 0.0 | |
| Price Variance | 1.51 |
Alger 35 Fund lagged returns against current returns
Autocorrelation, which is Alger 35 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 35's mutual fund expected returns. We can calculate the autocorrelation of Alger 35 returns to help us make a trade decision. For example, suppose you find that Alger 35 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 35 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 35 mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Alger 35 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 35 mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Alger 35 Lagged Returns
When evaluating Alger 35's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Alger 35 mutual fund have on its future price. Alger 35 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 35 autocorrelation shows the relationship between Alger 35 mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Alger 35 Fund.
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 35 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 35 security.
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