Alger Balanced Portfolio Fund Price on July 8, 2024
| ABLOX Fund | USD 22.51 0.11 0.49% |
Below is the normalized historical share price chart for Alger Balanced Portfolio extending back to May 07, 2002. This chart has been adjusted for all splits and dividends and is plotted against all major global economic recessions. As of today, the current price of Alger Balanced stands at 22.51, as last reported on the 11th of December 2024, with the highest price reaching 22.51 and the lowest price hitting 22.51 during the day.
If you're considering investing in Alger Mutual Fund, it is important to understand the factors that can impact its price. At this stage we consider Alger Mutual Fund to be very steady. Alger Balanced Portfolio secures Sharpe Ratio (or Efficiency) of 0.15, which signifies that the fund had a 0.15% return per unit of standard deviation over the last 3 months. We have found twenty-eight technical indicators for Alger Balanced Portfolio, which you can use to evaluate the volatility of the entity. Please confirm Alger Balanced's mean deviation of 0.3487, and Risk Adjusted Performance of 0.1351 to double-check if the risk estimate we provide is consistent with the expected return of 0.0692%.
Alger Mutual Fund price history is provided at the adjusted basis, taking into account all of the recent filings.
Alger |
Sharpe Ratio = 0.147
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Estimated Market Risk
| 0.47 actual daily | 4 96% of assets are more volatile |
Expected Return
| 0.07 actual daily | 1 99% of assets have higher returns |
Risk-Adjusted Return
| 0.15 actual daily | 11 89% of assets perform better |
Based on monthly moving average Alger Balanced is performing at about 11% 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 Balanced by adding it to a well-diversified portfolio.
Alger Balanced Valuation on July 8, 2024
It is possible to determine the worth of Alger Balanced on a given historical date. On July 8, 2024 Alger was worth 21.36 at the beginning of the trading date compared to the closed value of 21.36. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Alger Balanced mutual fund. Still, in general, we apply an absolute valuation method to find Alger Balanced'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 Balanced where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Alger Balanced's related companies.
| Open | High | Low | Close | Volume | |
| 21.35 | 21.35 | 21.35 | 21.35 | 1.00 | |
07/08/2024 | 21.36 | 21.36 | 21.36 | 21.36 | 1.00 |
| 21.35 | 21.35 | 21.35 | 21.35 | 1.00 |
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Alger Balanced Trading Date Momentum on July 8, 2024
| On July 09 2024 Alger Balanced Portfolio was traded for 21.35 at the closing time. The highest daily price throughout the period was 21.35 and the lowest price was 21.35 . There was no trading activity during the period 1.0. Lack of trading volume on 07/09/2024 added to the next day price reduction. The overall trading delta to closing price of the next trading day was 0.05% . The overall trading delta to current closing price is 0.47% . |
Alger Balanced Portfolio Fundamentals Correlations and Trends
By evaluating Alger Balanced's financials over time, investors can gain insight into future company performance. However, you can also analyze the published financial statements to find patterns among Alger Balanced's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Alger financial account trend analysis is a perfect complement when working with valuation or volatility modules.About Alger Balanced Mutual Fund history
Alger Balanced 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 Balanced Portfolio 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 Balanced stock prices may prove useful in developing a viable investing in Alger Balanced
The manager focuses on stocks of companies that the advisor believes demonstrate growth potential and on fixed-income securities, with emphasis on income-producing securities that appear to have potential for capital appreciation. It normally will invest at least 25 percent of its net assets in fixed-income securities and at least 25 percent of its net assets in equity securities. The fund also may invest up to 10 percent of its net assets in lower-rated securities, rated B or better by any one of those rating agencies.
Alger Balanced Mutual Fund Technical Analysis
Alger Balanced 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 Balanced Period Price Range
Low | December 11, 2024
| High |
0.00 | 0.00 |
Alger Balanced Portfolio 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 Balanced December 11, 2024 Market Strength
Market strength indicators help investors to evaluate how Alger Balanced 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 Balanced shares will generate the highest return on investment. By undertsting and applying Alger Balanced mutual fund market strength indicators, traders can identify Alger Balanced Portfolio entry and exit signals to maximize returns
Alger Balanced Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Alger Balanced'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 | 0.1351 | |||
| Jensen Alpha | 0.0785 | |||
| Total Risk Alpha | 0.0069 | |||
| Sortino Ratio | (0.07) | |||
| Treynor Ratio | 2.86 |
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| Volume Indicators |
Other Information on Investing in Alger Mutual Fund
Alger Balanced 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 Balanced security.
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