Alger Capital Appreciation Fund Market Value

ALCFX Fund  USD 73.64  1.17  1.61%   
Alger Capital's market value is the price at which a share of Alger Capital trades on a public exchange. It measures the collective expectations of Alger Capital Appreciation investors about its performance. Alger Capital is trading at 73.64 as of the 5th of December 2024; that is 1.61 percent increase since the beginning of the trading day. The fund's open price was 72.47.
With this module, you can estimate the performance of a buy and hold strategy of Alger Capital Appreciation and determine expected loss or profit from investing in Alger Capital over a given investment horizon. Check out Alger Capital Correlation, Alger Capital Volatility and Alger Capital Alpha and Beta module to complement your research on Alger Capital.
Symbol

Please note, there is a significant difference between Alger Capital's value and its price as these two are different measures arrived at by different means. Investors typically determine if Alger Capital is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Alger Capital's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.

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.
0.00
11/05/2024
No Change 0.00  0.0 
In 31 days
12/05/2024
0.00
If you would invest  0.00  in Alger Capital on November 5, 2024 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 30 days. Alger Capital is related to or competes with Alger Capital, Select Fund, Alger Capital, Select Fund, and Alger Capital. The advisor intends to invest a substantial portion of its assets in a smaller number of issuers 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.

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.
Hype
Prediction
LowEstimatedHigh
72.5173.6474.77
Details
Intrinsic
Valuation
LowRealHigh
66.2877.9779.10
Details
Naive
Forecast
LowNextHigh
71.6572.7873.92
Details
Bollinger
Band Projection (param)
LowerMiddle BandUpper
69.5770.8872.19
Details
Please note, it is not enough to conduct a financial or market analysis of a single entity such as Alger Capital. Your research has to be compared to or analyzed against Alger Capital's peers to derive any actionable benefits. When done correctly, Alger Capital's competitive analysis will give you plenty of quantitative and qualitative data to validate your investment decisions or develop an entirely new strategy toward taking a position in Alger Capital Apprec.

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 0.39, which signifies that the fund had a 0.39% return per unit of standard deviation over the last 3 months. We have found twenty-eight 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 0.7988, and Risk Adjusted Performance of 0.2425 to double-check if our risk estimates are consistent with your expectations. The fund shows a Beta (market volatility) of 0.79, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, Alger Capital's returns are expected to increase less than the market. However, during the bear market, the loss of holding Alger Capital is expected to be smaller as well.

Auto-correlation

    
  0.26  

Poor predictability

Alger Capital Appreciation has poor predictability. Overlapping area represents the amount of predictability between Alger Capital time series from 5th of November 2024 to 20th of November 2024 and 20th of November 2024 to 5th 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 0.26 indicates that nearly 26.0% of current Alger Capital price fluctuation can be explain by its past prices.
Correlation Coefficient0.26
Spearman Rank Test0.37
Residual Average0.0
Price Variance1.34

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  

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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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