Alger Mid Cap Fund Market Value
| AAIYX Fund | USD 13.24 0.14 1.07% |
| Symbol | Alger |
Alger Mid 'What if' Analysis
In the world of financial modeling, what-if analysis is part of sensitivity analysis performed to test how changes in assumptions impact individual outputs in a model. When applied to Alger Mid's mutual fund what-if analysis refers to the analyzing how the change in your past investing horizon will affect the profitability against the current market value of Alger Mid.
| 05/06/2024 |
| 12/02/2024 |
If you would invest 0.00 in Alger Mid on May 6, 2024 and sell it all today you would earn a total of 0.00 from holding Alger Mid Cap or generate 0.0% return on investment in Alger Mid over 210 days. Alger Mid is related to or competes with Fidelity Sai, Advent Claymore, and Rational/pier. Under normal circumstances, the fund invests at least 80 percent of its net assets, plus any borrowings for investment p... More
Alger Mid Upside/Downside Indicators
Understanding different market momentum indicators often help investors to time their next move. Potential upside and downside technical ratios enable traders to measure Alger Mid's mutual fund current market value against overall market sentiment and can be a good tool during both bulling and bearish trends. Here we outline some of the essential indicators to assess Alger Mid Cap upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.54 | |||
| Information Ratio | 0.1229 | |||
| Maximum Drawdown | 6.33 | |||
| Value At Risk | (1.92) | |||
| Potential Upside | 2.67 |
Alger Mid Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Alger Mid's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Alger Mid's standard deviation. In reality, there are many statistical measures that can use Alger Mid historical prices to predict the future Alger Mid's volatility.| Risk Adjusted Performance | 0.1787 | |||
| Jensen Alpha | 0.1712 | |||
| Total Risk Alpha | 0.0701 | |||
| Sortino Ratio | 0.104 | |||
| Treynor Ratio | 0.3146 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Alger Mid's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Alger Mid Cap Backtested Returns
Alger Mid appears to be moderately volatile, given 3 months investment horizon. Alger Mid Cap 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-seven technical indicators for Alger Mid Cap, which you can use to evaluate the volatility of the entity. Please makes use of Alger Mid's risk adjusted performance of 0.1787, and Mean Deviation of 0.8995 to double-check if our risk estimates are consistent with your expectations. The fund shows a Beta (market volatility) of 0.92, which signifies possible diversification benefits within a given portfolio. Alger Mid returns are very sensitive to returns on the market. As the market goes up or down, Alger Mid is expected to follow.
Auto-correlation | 0.10 |
Insignificant predictability
Alger Mid Cap has insignificant predictability. Overlapping area represents the amount of predictability between Alger Mid time series from 6th of May 2024 to 19th of August 2024 and 19th of August 2024 to 2nd of December 2024. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Alger Mid Cap price movement. The serial correlation of 0.1 indicates that less than 10.0% of current Alger Mid price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.1 | |
| Spearman Rank Test | 0.18 | |
| Residual Average | 0.0 | |
| Price Variance | 0.61 |
Alger Mid Cap lagged returns against current returns
Autocorrelation, which is Alger Mid mutual fund's lagged correlation, explains the relationship between observations of its time series of returns over different periods of time. The observations are said to be independent if autocorrelation is zero. Autocorrelation is calculated as a function of mean and variance and can have practical application in predicting Alger Mid's mutual fund expected returns. We can calculate the autocorrelation of Alger Mid returns to help us make a trade decision. For example, suppose you find that Alger Mid has exhibited high autocorrelation historically, and you observe that the mutual fund is moving up for the past few days. In that case, you can expect the price movement to match the lagging time series.
Current and Lagged Values |
| Timeline |
Alger Mid regressed lagged prices vs. current prices
Serial correlation can be approximated by using the Durbin-Watson (DW) test. The correlation can be either positive or negative. If Alger Mid mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Alger Mid mutual fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Alger Mid mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Alger Mid Lagged Returns
When evaluating Alger Mid's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Alger Mid mutual fund have on its future price. Alger Mid autocorrelation represents the degree of similarity between a given time horizon and a lagged version of the same horizon over the previous time interval. In other words, Alger Mid autocorrelation shows the relationship between Alger Mid mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Alger Mid Cap.
Regressed Prices |
| Timeline |
Also Currently Popular
Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.Other Information on Investing in Alger Mutual Fund
Alger Mid 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 Mid security.
| Portfolio Rebalancing Analyze risk-adjusted returns against different time horizons to find asset-allocation targets | |
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