Alger Midcap Growth Fund Statistic Functions Beta

AMGCX Fund  USD 9.44  0.06  0.63%   
Alger Midcap statistic functions tool provides the execution environment for running the Beta function and other technical functions against Alger Midcap. Alger Midcap value trend is the prevailing direction of the price over some defined period of time. The concept of trend is an important idea in technical analysis, including the analysis of statistic functions indicators. As with most other technical indicators, the Beta function function is designed to identify and follow existing trends. Alger Midcap statistical functions help analysts to determine different price movement patterns based on how price series statistical indicators change over time. Please specify Time Period to run this model.

The output start index for this execution was four with a total number of output elements of fifty-seven. The Beta measures systematic risk based on how returns on Alger Midcap Growth correlated with the market. If Beta is less than 0 Alger Midcap generally moves in the opposite direction as compared to the market. If Alger Midcap Beta is about zero movement of price series is uncorrelated with the movement of the benchmark. if Beta is between zero and one Alger Midcap Growth is generally moves in the same direction as, but less than the movement of the market. For Beta = 1 movement of Alger Midcap is generally in the same direction as the market. If Beta > 1 Alger Midcap moves generally in the same direction as, but more than the movement of the benchmark.

Alger Midcap Technical Analysis Modules

Most technical analysis of Alger Midcap help investors determine whether a current trend will continue and, if not, when it will shift. We provide a combination of tools to recognize potential entry and exit points for Alger from various momentum indicators to cycle indicators. When you analyze Alger charts, please remember that the event formation may indicate an entry point for a short seller, and look at other indicators across different periods to confirm that a breakdown or reversion is likely to occur.

About Alger Midcap Predictive Technical Analysis

Predictive technical analysis modules help investors to analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Alger Midcap Growth. We use our internally-developed statistical techniques to arrive at the intrinsic value of Alger Midcap Growth based on widely used predictive technical indicators. In general, we focus on analyzing Alger Mutual Fund price patterns and their correlations with different microeconomic environment and drivers. We also apply predictive analytics to build Alger Midcap's daily price indicators and compare them against related drivers, such as statistic functions and various other types of predictive indicators. Using this methodology combined with a more conventional technical analysis and fundamental analysis, we attempt to find the most accurate representation of Alger Midcap's intrinsic value. In addition to deriving basic predictive indicators for Alger Midcap, we also check how macroeconomic factors affect Alger Midcap price patterns. Please read more on our technical analysis page or use our predictive modules below to complement your research.
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Alger Midcap'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.
Hype
Prediction
LowEstimatedHigh
8.479.5010.53
Details
Intrinsic
Valuation
LowRealHigh
9.0610.0911.12
Details
Naive
Forecast
LowNextHigh
8.529.5510.59
Details
Bollinger
Band Projection (param)
LowerMiddle BandUpper
9.439.499.55
Details

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Other Information on Investing in Alger Mutual Fund

Alger Midcap 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 Midcap security.
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