Alger Midcap Growth Fund Market Value
| AMGAX Fund | USD 14.13 0.44 3.21% |
| Symbol | Alger |
Alger Midcap '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 Midcap'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 Midcap.
| 12/17/2024 |
| 03/17/2025 |
If you would invest 0.00 in Alger Midcap on December 17, 2024 and sell it all today you would earn a total of 0.00 from holding Alger Midcap Growth or generate 0.0% return on investment in Alger Midcap over 90 days. Alger Midcap is related to or competes with Eip Growth, Transamerica Capital, Crafword Dividend, L Abbett, Tfa Alphagen, and Upright Growth. Under normal circumstances, the fund invests at least 80 percent of its net assets in equity securities of companies tha... More
Alger Midcap 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 Midcap'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 Midcap Growth upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.09) | |||
| Maximum Drawdown | 7.02 | |||
| Value At Risk | (4.28) | |||
| Potential Upside | 1.83 |
Alger Midcap Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Alger Midcap's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Alger Midcap's standard deviation. In reality, there are many statistical measures that can use Alger Midcap historical prices to predict the future Alger Midcap's volatility.| Risk Adjusted Performance | (0.12) | |||
| Jensen Alpha | (0.14) | |||
| Total Risk Alpha | (0.04) | |||
| Treynor Ratio | (0.23) |
Alger Midcap Growth Backtested Returns
Alger Midcap Growth secures Sharpe Ratio (or Efficiency) of -0.12, which signifies that the fund had a -0.12 % return per unit of standard deviation over the last 3 months. Alger Midcap Growth exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Alger Midcap's mean deviation of 1.37, and Risk Adjusted Performance of (0.12) to double-check the risk estimate we provide. The fund shows a Beta (market volatility) of 1.16, which signifies a somewhat significant risk relative to the market. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, Alger Midcap will likely underperform.
Auto-correlation | -0.58 |
Good reverse predictability
Alger Midcap Growth has good reverse predictability. Overlapping area represents the amount of predictability between Alger Midcap time series from 17th of December 2024 to 31st of January 2025 and 31st of January 2025 to 17th of March 2025. 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 Midcap Growth price movement. The serial correlation of -0.58 indicates that roughly 58.0% of current Alger Midcap price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.58 | |
| Spearman Rank Test | -0.4 | |
| Residual Average | 0.0 | |
| Price Variance | 1.24 |
Alger Midcap Growth lagged returns against current returns
Autocorrelation, which is Alger Midcap 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 Midcap's mutual fund expected returns. We can calculate the autocorrelation of Alger Midcap returns to help us make a trade decision. For example, suppose you find that Alger Midcap 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 Midcap 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 Midcap mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Alger Midcap 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 Midcap mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Alger Midcap Lagged Returns
When evaluating Alger Midcap's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Alger Midcap mutual fund have on its future price. Alger Midcap 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 Midcap autocorrelation shows the relationship between Alger Midcap mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Alger Midcap Growth.
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 Midcap 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 Midcap security.
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