Alger Capital Appreciation Fund Market Value
| ACAYX Fund | USD 51.78 0.48 0.94% |
| Symbol | Alger |
Alger Capital '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 Capital'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 Capital.
| 12/13/2022 |
| 12/02/2024 |
If you would invest 0.00 in Alger Capital on December 13, 2022 and sell it all today you would earn a total of 0.00 from holding Alger Capital Appreciation or generate 0.0% return on investment in Alger Capital over 720 days. Alger Capital is related to or competes with Kinetics Market, Ep Emerging, Rbc Emerging, Transamerica Emerging, and Locorr Market. The fund normally invests at least 85 percent of its net assets, plus any borrowings for investment purposes, in equity securities of companies of any market capitalization that the manager believes demonstrate promising growth potential. More
Alger Capital 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 Capital'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 Capital Appreciation upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.5 | |||
| Information Ratio | 0.0963 | |||
| Maximum Drawdown | 6.12 | |||
| Value At Risk | (2.10) | |||
| Potential Upside | 2.41 |
Alger Capital Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Alger Capital's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Alger Capital's standard deviation. In reality, there are many statistical measures that can use Alger Capital historical prices to predict the future Alger Capital's volatility.| Risk Adjusted Performance | 0.1623 | |||
| Jensen Alpha | 0.1306 | |||
| Total Risk Alpha | 0.0401 | |||
| Sortino Ratio | 0.0796 | |||
| Treynor Ratio | 0.2707 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Alger Capital'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 Capital Apprec Backtested Returns
Alger Capital appears to be very steady, given 3 months investment horizon. Alger Capital Apprec secures Sharpe Ratio (or Efficiency) of 0.26, which signifies that the fund had a 0.26% return per unit of standard deviation over the last 3 months. We have found twenty-seven technical indicators for Alger Capital Appreciation, which you can use to evaluate the volatility of the entity. Please makes use of Alger Capital's mean deviation of 0.8659, and Risk Adjusted Performance of 0.1623 to double-check if our risk estimates are consistent with your expectations. The fund shows a Beta (market volatility) of 0.91, which signifies possible diversification benefits within a given portfolio. Alger Capital returns are very sensitive to returns on the market. As the market goes up or down, Alger Capital is expected to follow.
Auto-correlation | 0.88 |
Very good predictability
Alger Capital Appreciation has very good predictability. Overlapping area represents the amount of predictability between Alger Capital time series from 13th of December 2022 to 8th of December 2023 and 8th of December 2023 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 Capital Apprec price movement. The serial correlation of 0.88 indicates that approximately 88.0% of current Alger Capital price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.88 | |
| Spearman Rank Test | 0.84 | |
| Residual Average | 0.0 | |
| Price Variance | 20.37 |
Alger Capital Apprec lagged returns against current returns
Autocorrelation, which is Alger Capital 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 Capital's mutual fund expected returns. We can calculate the autocorrelation of Alger Capital returns to help us make a trade decision. For example, suppose you find that Alger Capital 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 Capital 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 Capital mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Alger Capital 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 Capital mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Alger Capital Lagged Returns
When evaluating Alger Capital's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Alger Capital mutual fund have on its future price. Alger Capital 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 Capital autocorrelation shows the relationship between Alger Capital mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Alger Capital Appreciation.
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 Capital 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 Capital security.
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