Alger Mid Technical Analysis

Alger Mid Cap Growth I 2 -- USA Fund  

USD 24.6  0.02  0.08%

Alger Mid Cap Growth I 2 shows Mean Deviation of 0.3067 and Risk Adjusted Performance of 0.0818. Alger Mid Cap technical analysis gives you the methodology to make use of historical prices and volume patterns to determine a pattern that approximates the direction of the entity future prices. In plain English you can use this information to find out if the entity will indeed mirror its model of historical prices and volume momentum or the prices will eventually revert. We found eighteen technical drivers for Alger Mid Cap Growth I 2 which can be compared to its rivals. Please confirm Alger Mid Cap Mean Deviation, Jensen Alpha as well as the relationship between Jensen Alpha and Semi Variance to decide if Alger Mid Cap is priced correctly providing market reflects its regular price of 24.6 per share.
Investment Horizon     30 Days    Login   to change

Alger Mid Cap Trend Analysis

Use this graph to draw trend lines for Alger Mid Cap Growth I 2. You can use it to identify possible trend reversals for Alger Mid as well as other signals and approximate when it will take place. Remember, you need at least two touches of the trend line with actual Alger Mid price movement. To start drawing, click on the pencil icon on top-right. To remove the trend, use eraser icon.

Alger Mid Best Fit Change Line

The following chart estimates an ordinary least squares regression model for Alger Mid Cap Growth I 2 applied against its price change over selected period. The best fit line has a slop of 0.060539 % which means Alger Mid Cap Growth I 2 will continue generating value for investors. It has 34 observation points and a regression sum of squares at 2.99, which is the sum of squared deviations for the predicted Alger Mid price change compared to its average price change.

Did you try this?

Run Pattern Recognition Now
   

Pattern Recognition

Use different Pattern Recognition models to time the market across multiple global exchanges
Hide  View All  Next  Launch Pattern Recognition
Alger Mid Cap Growth I 2 is the top fund in mean deviation among similar funds. It is currently under evaluation in standard deviation among similar funds creating about  1.37  of Standard Deviation per Mean Deviation. The ratio of Standard Deviation to Mean Deviation for Alger Mid Cap Growth I 2 is roughly  1.37 

One Year Return

Alger Mid Cap One Year Return
Based on recorded statements Alger Mid Cap Growth I 2 has One Year Return of -2.71%. This is 271.23% higher than that of the Alger family, and 3.08% lower than that of Mid-Cap Growth category, The One Year Return for all funds is 217.83% higher than the company.
  Year Return 
      Alger Mid Comparables 
Although One Year Fund Return indicator can give a sense of overall fund short-term potential, it is recommended to look at mid and long term return measure before selecting a particular fund or ETF. The great way to validate fund short-term performance is to compare it with other similar funds or ETFs for the same 12 months interval.