Alger Mutual Fund Market Value

ALEAX
 Fund
  

USD 7.59  0.03  0.39%   

Alger Weatherbie's market value is the price at which a share of Alger Weatherbie stock trades on a public exchange. It measures the collective expectations of Alger Weatherbie Enduring investors about the entity's future performance. With this module, you can estimate the performance of a buy and hold strategy of Alger Weatherbie Enduring and determine expected loss or profit from investing in Alger Weatherbie over a given investment horizon. Please continue to Alger Weatherbie Correlation, Alger Weatherbie Volatility and Alger Weatherbie Alpha and Beta module to complement your research on Alger Weatherbie.
Symbol

Please note, there is a significant difference between Alger Weatherbie's value and its price as these two are different measures arrived at by different means. Investors typically determine Alger Weatherbie value by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Alger Weatherbie'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 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.
0.00
10/28/2022
No Change 0.00  0.0 
In 31 days
11/27/2022
0.00
If you would invest  0.00  in Alger Weatherbie on October 28, 2022 and sell it all today you would earn a total of 0.00 from holding Alger Weatherbie Enduring or generate 0.0% return on investment in Alger Weatherbie over 30 days. Alger Weatherbie is related to or competes with Vanguard Total, Vanguard Total, Vanguard Total, Vanguard Index, Vanguard Index, Vanguard Index, and Vanguard 500. 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 Enduring upside and downside potential and time the market with a certain degree of confidence.

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.
Sophisticated investors, who have witnessed many market ups and downs, frequently view the market will even out over time. This tendency of Alger Weatherbie's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy. Please use the tools below to analyze the current value of Alger Weatherbie in the context of predictive analytics.
Hype
Prediction
LowEstimated ValueHigh
5.687.589.48
Details
Intrinsic
Valuation
LowReal ValueHigh
5.617.519.41
Details
Naive
Forecast
LowNext ValueHigh
5.787.689.57
Details
Bollinger
Band Projection (param)
LowerMiddle BandUpper
7.387.527.66
Details
Please note, it is not enough to conduct a financial or market analysis of a single entity such as Alger Weatherbie. Your research has to be compared to or analyzed against Alger Weatherbie's peers to derive any actionable benefits. When done correctly, Alger Weatherbie's competitive analysis will give you plenty of quantitative and qualitative data to validate your investment decisions or develop an entirely new strategy towards taking a position in Alger Weatherbie Enduring.

Alger Weatherbie Enduring Backtested Returns

We consider Alger Weatherbie somewhat reliable. Alger Weatherbie Enduring secures Sharpe Ratio (or Efficiency) of 0.0279, which signifies that the fund had 0.0279% of return per unit of standard deviation over the last 3 months. Our philosophy in foreseeing the volatility of a fund is to use all available market data together with fund-specific technical indicators that cannot be diversified away. We have found twenty-one technical indicators for Alger Weatherbie Enduring, which you can use to evaluate the future volatility of the entity. Please confirm Alger Weatherbie Enduring risk adjusted performance of 0.0044, and Mean Deviation of 1.44 to double-check if the risk estimate we provide is consistent with the expected return of 0.0528%.
The fund shows a Beta (market volatility) of 1.1518, which signifies a somewhat significant risk relative to the market. Let's try to break down what Alger's beta means in this case. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, Alger Weatherbie will likely underperform. Although it is important to respect Alger Weatherbie Enduring historical returns, it is better to be realistic regarding the information on the equity's current trending patterns. The philosophy in foreseeing future performance of any fund is to evaluate the business as a whole together with its past performance, including all available fundamental and technical indicators. By analyzing Alger Weatherbie Enduring technical indicators, you can presently evaluate if the expected return of 0.0528% will be sustainable into the future.

Auto-correlation

    
  0.38  

Below average predictability

Alger Weatherbie Enduring has below average predictability. Overlapping area represents the amount of predictability between Alger Weatherbie time series from 28th of October 2022 to 12th of November 2022 and 12th of November 2022 to 27th of November 2022. 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 Enduring price movement. The serial correlation of 0.38 indicates that just about 38.0% of current Alger Weatherbie price fluctuation can be explain by its past prices.
Correlation Coefficient0.38
Spearman Rank Test-0.78
Residual Average0.0
Price Variance0.01

Alger Weatherbie Enduring 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 mutual fund has exhibited high autocorrelation historically, and you observe that the stock is moving up for the past few days. In that case, you can expect the stock movement to match the lagging time series.
   Current and Lagged Values   
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       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   
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       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 Enduring.
   Regressed Prices   
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       Timeline  

Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards Alger Weatherbie in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, Alger Weatherbie's short interest history, or implied volatility extrapolated from Alger Weatherbie options trading.

Pair Trading with Alger Weatherbie

One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Alger Weatherbie position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Alger Weatherbie will appreciate offsetting losses from the drop in the long position's value.

Moving together with Alger Weatherbie

+0.95VFINXVanguard Index Trust Low VolatilityPairCorr
+0.95VFFSXVanguard 500 Index Low VolatilityPairCorr
+0.95VFIAXVanguard 500 Index Low VolatilityPairCorr
The ability to find closely correlated positions to Alger Weatherbie could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Alger Weatherbie when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Alger Weatherbie - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Alger Weatherbie Enduring to buy it.
The correlation of Alger Weatherbie is a statistical measure of how it moves in relation to other equities. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Alger Weatherbie moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Alger Weatherbie Enduring moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Alger Weatherbie can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.
Pair CorrelationCorrelation Matching
Please continue to Alger Weatherbie Correlation, Alger Weatherbie Volatility and Alger Weatherbie Alpha and Beta module to complement your research on Alger Weatherbie. Note that the Alger Weatherbie Enduring information on this page should be used as a complementary analysis to other Alger Weatherbie's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try Premium Stories module to follow Macroaxis premium stories from verified contributors across different equity types, categories and coverage scope.

Complementary Tools for Alger Mutual Fund analysis

When running Alger Weatherbie Enduring price analysis, check to measure Alger Weatherbie's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Alger Weatherbie is operating at the current time. Most of Alger Weatherbie's value examination focuses on studying past and present price action to predict the probability of Alger Weatherbie's future price movements. You can analyze the entity against its peers and financial market as a whole to determine factors that move Alger Weatherbie's price. Additionally, you may evaluate how the addition of Alger Weatherbie to your portfolios can decrease your overall portfolio volatility.
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Alger Weatherbie technical mutual fund analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, fund market cycles, or different charting patterns.
A focus of Alger Weatherbie technical analysis is to determine if market prices reflect all relevant information impacting that market. A technical analyst looks at the history of Alger Weatherbie trading pattern rather than external drivers such as economic, fundamental, or social events. It is believed that price action tends to repeat itself due to investors' collective, patterned behavior. Hence technical analysis focuses on identifiable price trends and conditions. More Info...