The Alger Funds Fund Price on October 1, 2024
| ASCYX Fund | USD 11.97 0.06 0.50% |
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 Funds stands at 11.97, as last reported on the 2nd of December, with the highest price reaching 11.97 and the lowest price hitting 11.97 during the day. Alger Funds appears to be relatively risky, given 3 months investment horizon. Alger Funds secures Sharpe Ratio (or Efficiency) of 0.18, which signifies that the fund had a 0.18% return per unit of standard deviation over the last 3 months. We have found twenty-seven technical indicators for The Alger Funds, which you can use to evaluate the volatility of the entity. Please makes use of Alger Funds' Risk Adjusted Performance of 0.1148, mean deviation of 0.9737, and Semi Deviation of 1.12 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 = 0.1827
| Best Portfolio | Best Equity | |||
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| Cash | Small Risk | Average Risk | High Risk | Huge Risk |
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Estimated Market Risk
| 1.25 actual daily | 11 89% of assets are more volatile |
Expected Return
| 0.23 actual daily | 4 96% of assets have higher returns |
Risk-Adjusted Return
| 0.18 actual daily | 14 86% of assets perform better |
Based on monthly moving average Alger Funds is performing at about 14% 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 Funds by adding it to a well-diversified portfolio.
Alger Funds Valuation on October 1, 2024
It is possible to determine the worth of Alger Funds on a given historical date. On October 1, 2024 Alger was worth 10.93 at the beginning of the trading date compared to the closed value of 10.93. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Alger Funds mutual fund. Still, in general, we apply an absolute valuation method to find Alger Funds' 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 Funds where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Alger Funds' related companies.
| Open | High | Low | Close | Volume | |
| 11.07 | 11.07 | 11.07 | 11.07 | 1.00 | |
10/01/2024 | 10.93 | 10.93 | 10.93 | 10.93 | 1.00 |
| 10.98 | 10.98 | 10.98 | 10.98 | 1.00 |
| Backtest Alger Funds | | | Alger Funds History | | | Alger Funds Valuation | Previous | Next |
Alger Funds Trading Date Momentum on October 1, 2024
| On October 02 2024 The Alger Funds was traded for 10.98 at the closing time. The highest daily price throughout the period was 10.98 and the lowest price was 10.98 . There was no trading activity during the period 1.0. Lack of trading volume on 10/02/2024 added to the next day price jump. The overall trading delta to closing price of the next trading day was 0.46% . The trading price change to current closing price is 2.38% . |
Alger Funds Fundamentals Correlations and Trends
By evaluating Alger Funds' 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 Funds' 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 Funds Mutual Fund history
Alger Funds 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 Funds 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 Funds stock prices may prove useful in developing a viable investing in Alger Funds
The fund normally invests at least 80 percent of its net assets, plus any borrowings for investment purposes, in equity securities of companies that, at the time of purchase of the securities, have a total market capitalization range of the Russell 2000 Growth Index. The Russell 2000 Growth Index is a broad-based index of small capitalization stocks. It may invest a significant portion of its assets in securities of companies conducting business within a single sector, as defined by third party sources, including the information technology, health care and consumer discretionary sectors.
Alger Funds Mutual Fund Technical Analysis
Alger Funds 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 Funds Period Price Range
Low | December 2, 2024
| High |
0.00 | 0.00 |
The Alger Funds 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 Funds December 2, 2024 Market Strength
Market strength indicators help investors to evaluate how Alger Funds 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 Funds shares will generate the highest return on investment. By undertsting and applying Alger Funds mutual fund market strength indicators, traders can identify The Alger Funds entry and exit signals to maximize returns
Alger Funds Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Alger Funds' 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 | 0.1148 | |||
| Jensen Alpha | (0) | |||
| Total Risk Alpha | (0.04) | |||
| Sortino Ratio | 0.0378 | |||
| Treynor Ratio | 0.1265 |
| 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 Funds 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 Funds security.
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