Alger Mid Cap Etf Market Value
| FRTY Etf | USD 20.12 0.08 0.40% |
| Symbol | Alger |
The market value of Alger Mid Cap is measured differently than its book value, which is the value of Alger that is recorded on the company's balance sheet. Investors also form their own opinion of Alger Mid's value that differs from its market value or its book value, called intrinsic value, which is Alger Mid's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Alger Mid's market value can be influenced by many factors that don't directly affect Alger Mid's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Alger Mid's value and its price as these two are different measures arrived at by different means. Investors typically determine if Alger Mid is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Alger Mid's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.
Alger Mid '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 Mid's etf 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 Mid.
| 10/28/2024 |
| 11/27/2024 |
If you would invest 0.00 in Alger Mid on October 28, 2024 and sell it all today you would earn a total of 0.00 from holding Alger Mid Cap or generate 0.0% return on investment in Alger Mid over 30 days. Alger Mid is related to or competes with BlackRock Future, Global X, Morningstar Unconstrained, Thrivent High, High-yield Municipal, Via Renewables, and T Rowe. Under normal circumstances, the fund invests at least 80 percent of its net assets in equity securities of mid-cap compa... More
Alger Mid 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 Mid's etf 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 Mid Cap upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.9926 | |||
| Information Ratio | 0.1849 | |||
| Maximum Drawdown | 5.09 | |||
| Value At Risk | (1.31) | |||
| Potential Upside | 1.91 |
Alger Mid Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Alger Mid's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Alger Mid's standard deviation. In reality, there are many statistical measures that can use Alger Mid historical prices to predict the future Alger Mid's volatility.| Risk Adjusted Performance | 0.2341 | |||
| Jensen Alpha | 0.2089 | |||
| Total Risk Alpha | 0.1508 | |||
| Sortino Ratio | 0.207 | |||
| Treynor Ratio | 0.3354 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Alger Mid'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 Mid Cap Backtested Returns
Alger Mid appears to be very steady, given 3 months investment horizon. Alger Mid Cap secures Sharpe Ratio (or Efficiency) of 0.32, which signifies that the etf had a 0.32% return per unit of standard deviation over the last 3 months. We have found thirty technical indicators for Alger Mid Cap, which you can use to evaluate the volatility of the entity. Please makes use of Alger Mid's risk adjusted performance of 0.2341, and Mean Deviation of 0.8478 to double-check if our risk estimates are consistent with your expectations. The etf shows a Beta (market volatility) of 0.97, which signifies possible diversification benefits within a given portfolio. Alger Mid returns are very sensitive to returns on the market. As the market goes up or down, Alger Mid is expected to follow.
Auto-correlation | 0.92 |
Excellent predictability
Alger Mid Cap has excellent predictability. Overlapping area represents the amount of predictability between Alger Mid time series from 28th of October 2024 to 12th of November 2024 and 12th of November 2024 to 27th 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 Mid Cap price movement. The serial correlation of 0.92 indicates that approximately 92.0% of current Alger Mid price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.92 | |
| Spearman Rank Test | 0.82 | |
| Residual Average | 0.0 | |
| Price Variance | 0.21 |
Alger Mid Cap lagged returns against current returns
Autocorrelation, which is Alger Mid etf'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 Mid's etf expected returns. We can calculate the autocorrelation of Alger Mid returns to help us make a trade decision. For example, suppose you find that Alger Mid has exhibited high autocorrelation historically, and you observe that the etf 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 Mid 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 Mid etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Alger Mid etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Alger Mid etf over time.
Current vs Lagged Prices |
| Timeline |
Alger Mid Lagged Returns
When evaluating Alger Mid's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Alger Mid etf have on its future price. Alger Mid 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 Mid autocorrelation shows the relationship between Alger Mid etf current value and its past values and can show if there is a momentum factor associated with investing in Alger Mid 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.When determining whether Alger Mid Cap offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Alger Mid's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Alger Mid Cap Etf. Outlined below are crucial reports that will aid in making a well-informed decision on Alger Mid Cap Etf:Check out Alger Mid Correlation, Alger Mid Volatility and Alger Mid Alpha and Beta module to complement your research on Alger Mid. You can also try the Economic Indicators module to top statistical indicators that provide insights into how an economy is performing.
Alger Mid technical etf analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, etf market cycles, or different charting patterns.