Alger Concentrated Equity Fund Probability of Future Mutual Fund Price Finishing Under 13.5
| CNEIX Fund | 13.18 0.15 1.15% |
Alger |
Alger Concentrated Target Price Odds to finish below 13.5
The tendency of Alger Mutual Fund price to converge on an average value over time is a known aspect in finance that investors have used since the beginning of the stock market for forecasting. However, many studies suggest that some traded equity instruments are consistently mispriced before traders' demand and supply correct the spread. One possible conclusion to this anomaly is that these stocks have additional risk, for which investors demand compensation in the form of extra returns.
| Current Price | Horizon | Target Price | Odds to stay under 13.50 after 90 days |
| 13.18 | 90 days | 13.50 | over 95.11 |
Based on a normal probability distribution, the odds of Alger Concentrated to stay under 13.50 after 90 days from now is over 95.11 (This Alger Concentrated Equity probability density function shows the probability of Alger Mutual Fund to fall within a particular range of prices over 90 days) . Probability of Alger Concentrated Equity price to stay between its current price of 13.18 and 13.50 at the end of the 90-day period is about 7.28 .
Assuming the 90 days horizon Alger Concentrated has a beta of 0.83 suggesting as returns on the market go up, Alger Concentrated average returns are expected to increase less than the benchmark. However, during the bear market, the loss on holding Alger Concentrated Equity will be expected to be much smaller as well. Additionally Alger Concentrated Equity has an alpha of 0.1883, implying that it can generate a 0.19 percent excess return over Dow Jones Industrial after adjusting for the inherited market risk (beta). Alger Concentrated Price Density |
| Price |
Predictive Modules for Alger Concentrated
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Alger Concentrated Equity. Regardless of method or technology, however, to accurately forecast the mutual fund market is more a matter of luck rather than a particular technique. Nevertheless, trying to predict the mutual fund market accurately is still an essential part of the overall investment decision process. Using different forecasting techniques and comparing the results might improve your chances of accuracy even though unexpected events may often change the market sentiment and impact your forecasting results.Alger Concentrated Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. Alger Concentrated is not an exception. The market had few large corrections towards the Alger Concentrated's value, including both sudden drops in prices as well as massive rallies. These swings have made and broken many portfolios. An investor can limit the violent swings in their portfolio by implementing a hedging strategy designed to limit downside losses. If you hold Alger Concentrated Equity, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of Alger Concentrated within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | 0.19 | |
β | Beta against Dow Jones | 0.83 | |
σ | Overall volatility | 0.65 | |
Ir | Information ratio | 0.15 |
Alger Concentrated Alerts and Suggestions
In today's market, stock alerts give investors the competitive edge they need to time the market and increase returns. Checking the ongoing alerts of Alger Concentrated for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for Alger Concentrated Equity can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.| Latest headline from news.google.com: Alger Small Cap Focus Fund Q3 2024 Commentary - Seeking Alpha | |
| The fund holds all of the assets under management (AUM) in different types of exotic instruments |
Alger Concentrated Technical Analysis
Alger Concentrated's future price can be derived by breaking down and analyzing its technical indicators over time. Alger Mutual Fund technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Alger Concentrated Equity. In general, you should focus on analyzing Alger Mutual Fund price patterns and their correlations with different microeconomic environments and drivers.
Alger Concentrated Predictive Forecast Models
Alger Concentrated's time-series forecasting models is one of many Alger Concentrated's mutual fund analysis techniques aimed to predict future share value based on previously observed values. Time-series forecasting models are widely used for non-stationary data. Non-stationary data are called the data whose statistical properties, e.g., the mean and standard deviation, are not constant over time, but instead, these metrics vary over time. This non-stationary Alger Concentrated's historical data is usually called time series. Some empirical experimentation suggests that the statistical forecasting models outperform the models based exclusively on fundamental analysis to predict the direction of the mutual fund market movement and maximize returns from investment trading.
Things to note about Alger Concentrated Equity
Checking the ongoing alerts about Alger Concentrated for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for Alger Concentrated Equity help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| Latest headline from news.google.com: Alger Small Cap Focus Fund Q3 2024 Commentary - Seeking Alpha | |
| The fund holds all of the assets under management (AUM) in different types of exotic instruments |
Other Information on Investing in Alger Mutual Fund
Alger Concentrated 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 Concentrated security.
| Volatility Analysis Get historical volatility and risk analysis based on latest market data | |
| Investing Opportunities Build portfolios using our predefined set of ideas and optimize them against your investing preferences |