Alger Weatherbie Specialized Fund Market Value
| ASYMX Fund | USD 12.75 0.33 2.66% |
| Symbol | Alger |
Alger Weatherbie '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 Weatherbie'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 Weatherbie.
| 12/15/2024 |
| 03/15/2025 |
If you would invest 0.00 in Alger Weatherbie on December 15, 2024 and sell it all today you would earn a total of 0.00 from holding Alger Weatherbie Specialized or generate 0.0% return on investment in Alger Weatherbie over 90 days. Alger Weatherbie is related to or competes with Pace Large, Wasatch Large, Tiaa Cref, Virtus Nfj, and Dodge Cox. Under normal circumstances, the fund invests at least 80 percent of its net assets, plus any borrowings for investment p... More
Alger Weatherbie 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 Weatherbie'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 Weatherbie Specialized upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.13) | |||
| Maximum Drawdown | 6.89 | |||
| Value At Risk | (2.92) | |||
| Potential Upside | 1.75 |
Alger Weatherbie Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Alger Weatherbie's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Alger Weatherbie's standard deviation. In reality, there are many statistical measures that can use Alger Weatherbie historical prices to predict the future Alger Weatherbie's volatility.| Risk Adjusted Performance | (0.18) | |||
| Jensen Alpha | (0.20) | |||
| Total Risk Alpha | (0.09) | |||
| Treynor Ratio | (0.36) |
Alger Weatherbie Spe Backtested Returns
Alger Weatherbie Spe 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 Weatherbie Specialized exposes twenty-one different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Alger Weatherbie's mean deviation of 1.16, and Risk Adjusted Performance of (0.18) to double-check the risk estimate we provide. The fund shows a Beta (market volatility) of 0.94, which signifies possible diversification benefits within a given portfolio. Alger Weatherbie returns are very sensitive to returns on the market. As the market goes up or down, Alger Weatherbie is expected to follow.
Auto-correlation | -0.45 |
Modest reverse predictability
Alger Weatherbie Specialized has modest reverse predictability. Overlapping area represents the amount of predictability between Alger Weatherbie time series from 15th of December 2024 to 29th of January 2025 and 29th of January 2025 to 15th 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 Weatherbie Spe price movement. The serial correlation of -0.45 indicates that just about 45.0% of current Alger Weatherbie price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.45 | |
| Spearman Rank Test | -0.29 | |
| Residual Average | 0.0 | |
| Price Variance | 0.84 |
Alger Weatherbie Spe lagged returns against current returns
Autocorrelation, which is Alger Weatherbie 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 Weatherbie's mutual fund expected returns. We can calculate the autocorrelation of Alger Weatherbie returns to help us make a trade decision. For example, suppose you find that Alger Weatherbie 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 Weatherbie 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 Weatherbie mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Alger Weatherbie 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 Weatherbie mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Alger Weatherbie Lagged Returns
When evaluating Alger Weatherbie's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Alger Weatherbie mutual fund have on its future price. Alger Weatherbie 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 Weatherbie autocorrelation shows the relationship between Alger Weatherbie mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Alger Weatherbie Specialized.
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 Weatherbie 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 Weatherbie security.
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