Alger Dynamic Opportunities Fund Price on May 28, 2024
| SPEDX Fund | USD 21.31 0.10 0.47% |
Below is the normalized historical share price chart for Alger Dynamic Opportunities extending back to November 02, 2009. 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 Dynamic stands at 21.31, as last reported on the 26th of December, with the highest price reaching 21.31 and the lowest price hitting 21.31 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 Dynamic Opport secures Sharpe Ratio (or Efficiency) of 0.19, which signifies that the fund had a 0.19% return per unit of standard deviation over the last 3 months. We have found twenty-seven technical indicators for Alger Dynamic Opportunities, which you can use to evaluate the volatility of the entity. Please confirm Alger Dynamic's risk adjusted performance of 0.1184, and Mean Deviation of 0.5795 to double-check if the risk estimate we provide is consistent with the expected return of 0.14%.
Alger Mutual Fund price history is provided at the adjusted basis, taking into account all of the recent filings.
Alger |
Sharpe Ratio = 0.1855
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Estimated Market Risk
| 0.77 actual daily | 6 94% of assets are more volatile |
Expected Return
| 0.14 actual daily | 2 98% of assets have higher returns |
Risk-Adjusted Return
| 0.19 actual daily | 14 86% of assets perform better |
Based on monthly moving average Alger Dynamic 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 Dynamic by adding it to a well-diversified portfolio.
Alger Dynamic Valuation on May 28, 2024
It is possible to determine the worth of Alger Dynamic on a given historical date. On May 28, 2024 Alger was worth 18.9 at the beginning of the trading date compared to the closed value of 18.9. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Alger Dynamic mutual fund. Still, in general, we apply an absolute valuation method to find Alger Dynamic'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 Dynamic where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Alger Dynamic's related companies.
| Open | High | Low | Close | Volume | |
| 18.85 | 18.85 | 18.85 | 18.85 | 1.00 | |
05/28/2024 | 18.90 | 18.90 | 18.90 | 18.90 | 1.00 |
| 18.89 | 18.89 | 18.89 | 18.89 | 1.00 |
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Alger Dynamic Trading Date Momentum on May 28, 2024
| On May 29 2024 Alger Dynamic Opportunities was traded for 18.89 at the closing time. The highest daily price throughout the period was 18.89 and the lowest price was 18.89 . There was no trading activity during the period 1.0. Lack of trading volume on 05/29/2024 added to the next day price reduction. The trading price change to closing price of the next trading day was 0.05% . The overall trading delta to current closing price is 0.11% . |
Alger Dynamic Opport Fundamentals Correlations and Trends
By evaluating Alger Dynamic'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 Dynamic'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 Dynamic Mutual Fund history
Alger Dynamic 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 Dynamic Opport 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 Dynamic stock prices may prove useful in developing a viable investing in Alger Dynamic
The fund invests in a portfolio of U.S. and foreign equity securities . It may invest a portion of its assets in securities issued by small capitalization companies. The fund may also invest a portion of its assets in equity securities not listed on an exchange. It can invest in foreign securities.
Alger Dynamic Mutual Fund Technical Analysis
Alger Dynamic 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 Dynamic Period Price Range
Low | December 26, 2024
| High |
0.00 | 0.00 |
Alger Dynamic Opportunities 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 Dynamic December 26, 2024 Market Strength
Market strength indicators help investors to evaluate how Alger Dynamic 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 Dynamic shares will generate the highest return on investment. By undertsting and applying Alger Dynamic mutual fund market strength indicators, traders can identify Alger Dynamic Opportunities entry and exit signals to maximize returns
Alger Dynamic Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Alger Dynamic'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 | 0.1184 | |||
| Jensen Alpha | 0.0824 | |||
| Total Risk Alpha | 0.0709 | |||
| Sortino Ratio | 0.0807 | |||
| Treynor Ratio | 0.1651 |
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| Volume Indicators |
Other Information on Investing in Alger Mutual Fund
Alger Dynamic 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 Dynamic security.
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