Alger Concentrated Equity Fund Market Value

CNEIX Fund   13.18  0.15  1.15%   
Alger Concentrated's market value is the price at which a share of Alger Concentrated trades on a public exchange. It measures the collective expectations of Alger Concentrated Equity investors about its performance. Alger Concentrated is trading at 13.18 as of the 23rd of December 2024; that is 1.15 percent increase since the beginning of the trading day. The fund's open price was 13.03.
With this module, you can estimate the performance of a buy and hold strategy of Alger Concentrated Equity and determine expected loss or profit from investing in Alger Concentrated over a given investment horizon. Check out Alger Concentrated Correlation, Alger Concentrated Volatility and Alger Concentrated Alpha and Beta module to complement your research on Alger Concentrated.
Symbol

Please note, there is a significant difference between Alger Concentrated's value and its price as these two are different measures arrived at by different means. Investors typically determine if Alger Concentrated is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Alger Concentrated'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 Concentrated '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 Concentrated'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 Concentrated.
0.00
11/23/2024
No Change 0.00  0.0 
In 30 days
12/23/2024
0.00
If you would invest  0.00  in Alger Concentrated on November 23, 2024 and sell it all today you would earn a total of 0.00 from holding Alger Concentrated Equity or generate 0.0% return on investment in Alger Concentrated over 30 days. Alger Concentrated is related to or competes with Alger Midcap, Alger Midcap, Alger Mid, Alger Small, Alger Small, Alger Small, and Alger Small. Under normal circumstances, the fund invests at least 80 percent of its net assets, plus any borrowings for investment p... More

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

Alger Concentrated Market Risk Indicators

Today, many novice investors tend to focus exclusively on investment returns with little concern for Alger Concentrated's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Alger Concentrated's standard deviation. In reality, there are many statistical measures that can use Alger Concentrated historical prices to predict the future Alger Concentrated's volatility.
Hype
Prediction
LowEstimatedHigh
11.9613.1814.40
Details
Intrinsic
Valuation
LowRealHigh
12.9614.1815.40
Details

Alger Concentrated Equity Backtested Returns

Alger Concentrated appears to be very steady, given 3 months investment horizon. Alger Concentrated Equity secures Sharpe Ratio (or Efficiency) of 0.16, which signifies that the fund had a 0.16% return per unit of standard deviation over the last 3 months. We have found twenty-seven technical indicators for Alger Concentrated Equity, which you can use to evaluate the volatility of the entity. Please makes use of Alger Concentrated's risk adjusted performance of 0.145, and Mean Deviation of 0.8972 to double-check if our risk estimates are consistent with your expectations. The fund shows a Beta (market volatility) of 0.83, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, Alger Concentrated's returns are expected to increase less than the market. However, during the bear market, the loss of holding Alger Concentrated is expected to be smaller as well.

Auto-correlation

    
  -0.43  

Modest reverse predictability

Alger Concentrated Equity has modest reverse predictability. Overlapping area represents the amount of predictability between Alger Concentrated time series from 23rd of November 2024 to 8th of December 2024 and 8th of December 2024 to 23rd 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 Concentrated Equity price movement. The serial correlation of -0.43 indicates that just about 43.0% of current Alger Concentrated price fluctuation can be explain by its past prices.
Correlation Coefficient-0.43
Spearman Rank Test-0.36
Residual Average0.0
Price Variance0.04

Alger Concentrated Equity lagged returns against current returns

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

Alger Concentrated Lagged Returns

When evaluating Alger Concentrated's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Alger Concentrated mutual fund have on its future price. Alger Concentrated 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 Concentrated autocorrelation shows the relationship between Alger Concentrated mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Alger Concentrated Equity.
   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 Concentrated 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 Concentrated security.
Performance Analysis
Check effects of mean-variance optimization against your current asset allocation
Portfolio Anywhere
Track or share privately all of your investments from the convenience of any device
Portfolio Rebalancing
Analyze risk-adjusted returns against different time horizons to find asset-allocation targets
Funds Screener
Find actively-traded funds from around the world traded on over 30 global exchanges