Alger Ai Enablers Fund Price on September 5, 2024
| AAICX Fund | 13.45 0.17 1.28% |
If you're considering investing in Alger Mutual Fund, it is important to understand the factors that can impact its price. As of today, the current price of Alger Ai stands at 13.45, as last reported on the 4th of December, with the highest price reaching 13.45 and the lowest price hitting 13.45 during the day. Alger Ai appears to be very steady, given 3 months investment horizon. Alger Ai Enablers secures Sharpe Ratio (or Efficiency) of 0.31, which signifies that the fund had a 0.31% return per unit of standard deviation over the last 3 months. We have found twenty-eight technical indicators for Alger Ai Enablers, which you can use to evaluate the volatility of the entity. Please makes use of Alger Ai's risk adjusted performance of 0.1846, and Mean Deviation of 0.9182 to double-check if our risk estimates are consistent with your expectations.
Alger Mutual Fund price history is provided at the adjusted basis, taking into account all of the recent filings.
Alger |
Sharpe Ratio = 0.308
| Best Portfolio | Best Equity | |||
| Good Returns | ||||
| Average Returns | ||||
| Small Returns | AAICX | |||
| Cash | Small Risk | Average Risk | High Risk | Huge Risk |
| Negative Returns |
Estimated Market Risk
| 1.22 actual daily | 10 90% of assets are more volatile |
Expected Return
| 0.38 actual daily | 7 93% of assets have higher returns |
Risk-Adjusted Return
| 0.31 actual daily | 24 76% of assets perform better |
Based on monthly moving average Alger Ai is performing at about 24% of its full potential. If added to a well diversified portfolio the total return can be enhanced and market risk can be reduced. You can increase risk-adjusted return of Alger Ai by adding it to a well-diversified portfolio.
Alger Ai Valuation on September 5, 2024
It is possible to determine the worth of Alger Ai on a given historical date. On September 5, 2024 Alger was worth 10.63 at the beginning of the trading date compared to the closed value of 10.63. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Alger Ai mutual fund. Still, in general, we apply an absolute valuation method to find Alger Ai's value based on its fundamental and technical indicators available within our service. As compared to an absolute model, our relative valuation model uses a comparative analysis of Alger Ai where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Alger Ai's related companies.
| Open | High | Low | Close | Volume | |
| 10.57 | 10.57 | 10.57 | 10.57 | 1.00 | |
09/05/2024 | 10.63 | 10.63 | 10.63 | 10.63 | 1.00 |
| 10.33 | 10.33 | 10.33 | 10.33 | 1.00 |
| Backtest Alger Ai | | | Alger Ai History | | | Alger Ai Valuation | Previous | Next |
Alger Ai Trading Date Momentum on September 5, 2024
| On September 06 2024 Alger Ai Enablers was traded for 10.33 at the closing time. The highest daily price throughout the period was 10.33 and the lowest price was 10.33 . There was no trading activity during the period 1.0. Lack of trading volume on 09/06/2024 added to the next day price reduction. The overall trading delta to closing price of the next trading day was 2.82% . The overall trading delta to current closing price is 5.08% . |
About Alger Ai Mutual Fund history
Alger Ai investors dedicate a lot of time and effort to gaining insight into how a market's past behavior relates to its future. Access to timely market data for Alger is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Alger Ai Enablers will depend on recognizing future opportunities and eliminating past mistakes. Historical data analysis is the study of market behavior over a given time. Recorded market-related data such as price, volatility, and volume can be quantified and studied over a defined period. Through a detailed examination of a market's past behavior, traders and investors can gain perspective on the inner workings of that market. The information obtained throughout analyzing Alger Ai stock prices may prove useful in developing a viable investing in Alger Ai
Under normal circumstances, the fund invests at least 80 percent of its net assets, plus any borrowings for investment purposes, in equity securities of companies of any market capitalization that the advisor believes will benefit from artificial intelligence , demonstrate promising growth potential, and are companies where AI can play a material role in potentially driving stock price performance over the next twelve to thirty-six months. The fund is non-diversified.
Alger Ai Mutual Fund Technical Analysis
Alger Ai technical mutual fund 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, fund market cycles, or different charting patterns.
Price Boundaries
Alger Ai Period Price Range
Low | December 4, 2024
| High |
0.00 | 0.00 |
Alger Ai Enablers cannot be verified against its exchange. Please verify the symbol is currently traded on NMFQS Exchange. If you still believe the symbol you are trying to look up is valid, please let us know, and we will check it as soon as possible.
Alger Ai December 4, 2024 Market Strength
Market strength indicators help investors to evaluate how Alger Ai mutual fund reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Alger Ai shares will generate the highest return on investment. By undertsting and applying Alger Ai mutual fund market strength indicators, traders can identify Alger Ai Enablers entry and exit signals to maximize returns
Alger Ai Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Alger Ai's price direction in advance. Along with the technical and fundamental analysis of Alger Mutual Fund historical price patterns, it is also worthwhile for investors to track various predictive indicators of Alger to make sure they correctly time the market and exploit it's hidden potentials. Even though most predictive indicators are useful for the short-term horizon, it's virtually impossible to predict the unforeseen market. For traders with a short-term horizon, predictive indicators add value when properly applied. Long-term investors, however, may find many predictive indicators less useful.
| Risk Adjusted Performance | 0.1846 | |||
| Jensen Alpha | 0.2089 | |||
| Total Risk Alpha | 0.1222 | |||
| Sortino Ratio | 0.1272 | |||
| Treynor Ratio | 0.3416 |
| Cycle Indicators | ||
| Math Operators | ||
| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
Other Information on Investing in Alger Mutual Fund
Alger Ai 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 Ai security.
| Fundamentals Comparison Compare fundamentals across multiple equities to find investing opportunities | |
| CEOs Directory Screen CEOs from public companies around the world | |
| Technical Analysis Check basic technical indicators and analysis based on most latest market data | |
| Alpha Finder Use alpha and beta coefficients to find investment opportunities after accounting for the risk |