Alger Spectra Fund Price on September 26, 2024
| ASPYX Fund | USD 33.22 0.41 1.25% |
Below is the normalized historical share price chart for Alger Spectra extending back to December 04, 2018. 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 Spectra stands at 33.22, as last reported on the 4th of December, with the highest price reaching 33.22 and the lowest price hitting 33.22 during the day.
If you're considering investing in Alger Mutual Fund, it is important to understand the factors that can impact its price. Alger Spectra appears to be very steady, given 3 months investment horizon. Alger Spectra secures Sharpe Ratio (or Efficiency) of 0.29, which signifies that the fund had a 0.29% return per unit of standard deviation over the last 3 months. We have found twenty-eight technical indicators for Alger Spectra, which you can use to evaluate the volatility of the entity. Please makes use of Alger Spectra's risk adjusted performance of 0.169, and Mean Deviation of 0.8597 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 = 0.2854
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Estimated Market Risk
| 1.15 actual daily | 10 90% of assets are more volatile |
Expected Return
| 0.33 actual daily | 6 94% of assets have higher returns |
Risk-Adjusted Return
| 0.29 actual daily | 22 78% of assets perform better |
Based on monthly moving average Alger Spectra is performing at about 22% 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 Spectra by adding it to a well-diversified portfolio.
Alger Spectra Valuation on September 26, 2024
It is possible to determine the worth of Alger Spectra on a given historical date. On September 26, 2024 Alger was worth 29.36 at the beginning of the trading date compared to the closed value of 29.36. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Alger Spectra mutual fund. Still, in general, we apply an absolute valuation method to find Alger Spectra'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 Spectra where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Alger Spectra's related companies.
| Open | High | Low | Close | Volume | |
| 29.39 | 29.39 | 29.39 | 29.39 | 1.00 | |
09/26/2024 | 29.36 | 29.36 | 29.36 | 29.36 | 1.00 |
| 29.08 | 29.08 | 29.08 | 29.08 | 1.00 |
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Alger Spectra Trading Date Momentum on September 26, 2024
| On September 27 2024 Alger Spectra was traded for 29.08 at the closing time. The highest daily price throughout the period was 29.08 and the lowest price was 29.08 . There was no trading activity during the period 1.0. Lack of trading volume on 09/27/2024 added to the next day price reduction. The overall trading delta to closing price of the next trading day was 0.95% . The overall trading delta to current closing price is 0.99% . |
Alger Spectra Fundamentals Correlations and Trends
By evaluating Alger Spectra'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 Spectra'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 Spectra Mutual Fund history
Alger Spectra 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 Spectra 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 Spectra stock prices may prove useful in developing a viable investing in Alger Spectra
The fund invests primarily in the equity securities of companies of any size that the manager believes demonstrate promising growth potential. Equity securities include common or preferred stocks that are listed on U.S. or foreign exchanges. It may invest a significant portion of its assets in securities of companies conducting business within a single sector, including the information technology, consumer discretionary, and healthcare sectors.
Alger Spectra Mutual Fund Technical Analysis
Alger Spectra 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 Spectra Period Price Range
Low | December 4, 2024
| High |
0.00 | 0.00 |
Alger Spectra 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 Spectra December 4, 2024 Market Strength
Market strength indicators help investors to evaluate how Alger Spectra 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 Spectra shares will generate the highest return on investment. By undertsting and applying Alger Spectra mutual fund market strength indicators, traders can identify Alger Spectra entry and exit signals to maximize returns
Alger Spectra Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Alger Spectra'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 | 0.169 | |||
| Jensen Alpha | 0.164 | |||
| Total Risk Alpha | 0.0898 | |||
| Sortino Ratio | 0.1013 | |||
| Treynor Ratio | 0.2869 |
| Cycle Indicators | ||
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| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
Other Information on Investing in Alger Mutual Fund
Alger Spectra 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 Spectra security.
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