Alger Smidcap Focus Fund Market Value

ASIMX Fund  USD 12.31  0.32  2.67%   
Alger Smidcap's market value is the price at which a share of Alger Smidcap trades on a public exchange. It measures the collective expectations of Alger Smidcap Focus investors about its performance. Alger Smidcap is trading at 12.31 as of the 16th of March 2025; that is 2.67 percent increase since the beginning of the trading day. The fund's open price was 11.99.
With this module, you can estimate the performance of a buy and hold strategy of Alger Smidcap Focus and determine expected loss or profit from investing in Alger Smidcap over a given investment horizon. Check out Alger Smidcap Correlation, Alger Smidcap Volatility and Alger Smidcap Alpha and Beta module to complement your research on Alger Smidcap.
Symbol

Please note, there is a significant difference between Alger Smidcap's value and its price as these two are different measures arrived at by different means. Investors typically determine if Alger Smidcap is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Alger Smidcap'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 Smidcap '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 Smidcap'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 Smidcap.
0.00
12/16/2024
No Change 0.00  0.0 
In 3 months and 1 day
03/16/2025
0.00
If you would invest  0.00  in Alger Smidcap on December 16, 2024 and sell it all today you would earn a total of 0.00 from holding Alger Smidcap Focus or generate 0.0% return on investment in Alger Smidcap over 90 days. Alger Smidcap is related to or competes with Crafword Dividend, Stringer Growth, Growth Allocation, Praxis Genesis, Needham Aggressive, The Hartford, and Morningstar Growth. Under normal circumstances, the fund invests at least 80 percent of its net assets, plus any borrowings for investment p... More

Alger Smidcap 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 Smidcap'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 Smidcap Focus upside and downside potential and time the market with a certain degree of confidence.

Alger Smidcap Market Risk Indicators

Today, many novice investors tend to focus exclusively on investment returns with little concern for Alger Smidcap's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Alger Smidcap's standard deviation. In reality, there are many statistical measures that can use Alger Smidcap historical prices to predict the future Alger Smidcap's volatility.
Hype
Prediction
LowEstimatedHigh
10.7512.3113.87
Details
Intrinsic
Valuation
LowRealHigh
11.0912.6514.21
Details
Naive
Forecast
LowNextHigh
10.6012.1513.71
Details
Bollinger
Band Projection (param)
LowerMiddle BandUpper
12.0312.2712.51
Details

Alger Smidcap Focus Backtested Returns

Alger Smidcap Focus secures Sharpe Ratio (or Efficiency) of -0.22, which signifies that the fund had a -0.22 % return per unit of standard deviation over the last 3 months. Alger Smidcap Focus exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Alger Smidcap's risk adjusted performance of (0.17), and Mean Deviation of 1.18 to double-check the risk estimate we provide. The fund shows a Beta (market volatility) of 1.01, which signifies a somewhat significant risk relative to the market. Alger Smidcap returns are very sensitive to returns on the market. As the market goes up or down, Alger Smidcap is expected to follow.

Auto-correlation

    
  -0.48  

Modest reverse predictability

Alger Smidcap Focus has modest reverse predictability. Overlapping area represents the amount of predictability between Alger Smidcap time series from 16th of December 2024 to 30th of January 2025 and 30th of January 2025 to 16th 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 Smidcap Focus price movement. The serial correlation of -0.48 indicates that about 48.0% of current Alger Smidcap price fluctuation can be explain by its past prices.
Correlation Coefficient-0.48
Spearman Rank Test-0.43
Residual Average0.0
Price Variance0.89

Alger Smidcap Focus lagged returns against current returns

Autocorrelation, which is Alger Smidcap 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 Smidcap's mutual fund expected returns. We can calculate the autocorrelation of Alger Smidcap returns to help us make a trade decision. For example, suppose you find that Alger Smidcap 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 Smidcap 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 Smidcap mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Alger Smidcap 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 Smidcap mutual fund over time.
   Current vs Lagged Prices   
       Timeline  

Alger Smidcap Lagged Returns

When evaluating Alger Smidcap's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Alger Smidcap mutual fund have on its future price. Alger Smidcap 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 Smidcap autocorrelation shows the relationship between Alger Smidcap mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Alger Smidcap Focus.
   Regressed Prices   
       Timeline  

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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 Smidcap 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 Smidcap security.
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