Alger Midcap Growth Fund Price on June 28, 2023
| AMGCX Fund | USD 8.02 0.05 0.63% |
Below is the normalized historical share price chart for Alger Midcap Growth extending back to August 08, 1997. This chart has been adjusted for all splits and dividends and is plotted against all major global economic recessions. As of today, the current price of Alger Midcap stands at 8.02, as last reported on the 4th of May, with the highest price reaching 8.02 and the lowest price hitting 8.02 during the day.
If you're considering investing in Alger Mutual Fund, it is important to understand the factors that can impact its price. We consider Alger Midcap not too volatile. Alger Midcap Growth secures Sharpe Ratio (or Efficiency) of 0.0738, which signifies that the fund had a 0.0738% return per unit of standard deviation over the last 3 months. We have found twenty-seven technical indicators for Alger Midcap Growth, which you can use to evaluate the volatility of the entity. Please confirm Alger Midcap's risk adjusted performance of 0.0682, and Mean Deviation of 0.7994 to double-check if the risk estimate we provide is consistent with the expected return of 0.0772%.
Alger Mutual Fund price history is provided at the adjusted basis, taking into account all of the recent filings.
Alger |
Sharpe Ratio = 0.0738
| Best Portfolio | Best Equity | |||
| Good Returns | ||||
| Average Returns | ||||
| Small Returns | ||||
| Cash | AMGCX | Average Risk | High Risk | Huge Risk |
| Negative Returns |
Estimated Market Risk
| 1.05 actual daily | 9 91% of assets are more volatile |
Expected Return
| 0.08 actual daily | 1 99% of assets have higher returns |
Risk-Adjusted Return
| 0.07 actual daily | 5 95% of assets perform better |
Based on monthly moving average Alger Midcap is performing at about 5% of its full potential. If added to a well diversified portfolio the total return can be enhanced and market risk can be reduced. You can increase risk-adjusted return of Alger Midcap by adding it to a well-diversified portfolio.
Alger Midcap Valuation on June 28, 2023
It is possible to determine the worth of Alger Midcap on a given historical date. On June 28, 2023 Alger was worth 7.11 at the beginning of the trading date compared to the closed value of 7.11. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Alger Midcap mutual fund. Still, in general, we apply an absolute valuation method to find Alger Midcap's value based on its fundamental and technical indicators available within our service. As compared to an absolute model, our relative valuation model uses a comparative analysis of Alger Midcap where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Alger Midcap's related companies.
| Open | High | Low | Close | Volume | |
| 7.08 | 7.08 | 7.08 | 7.08 | 1.00 | |
06/28/2023 | 7.11 | 7.11 | 7.11 | 7.11 | 1.00 |
| 7.13 | 7.13 | 7.13 | 7.13 | 1.00 |
| Backtest Alger Midcap | | | Alger Midcap History | | | Alger Midcap Valuation | Previous | Next |
Alger Midcap Trading Date Momentum on June 28, 2023
| On June 29 2023 Alger Midcap Growth was traded for 7.13 at the closing time. The highest daily price throughout the period was 7.13 and the lowest price was 7.13 . There was no trading activity during the period 1.0. Lack of trading volume on 06/29/2023 added to the next day price jump. The overall trading delta to closing price of the next trading day was 0.28% . The overall trading delta to current closing price is 0.98% . |
Alger Midcap Growth Fundamentals Correlations and Trends
By evaluating Alger Midcap's financials over time, investors can gain insight into future company performance. However, you can also analyze the published financial statements to find patterns among Alger Midcap's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Alger financial account trend analysis is a perfect complement when working with valuation or volatility modules.About Alger Midcap Mutual Fund history
Alger Midcap investors dedicate a lot of time and effort to gaining insight into how a market's past behavior relates to its future. Access to timely market data for Alger is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Alger Midcap Growth will depend on recognizing future opportunities and eliminating past mistakes. Historical data analysis is the study of market behavior over a given time. Recorded market-related data such as price, volatility, and volume can be quantified and studied over a defined period. Through a detailed examination of a market's past behavior, traders and investors can gain perspective on the inner workings of that market. The information obtained throughout analyzing Alger Midcap stock prices may prove useful in developing a viable investing in Alger Midcap
Under normal circumstances, the fund invests at least 80 percent of its net assets in equity securities of companies that, at the time of purchase of the securities, have total market capitalization within the range of companies included in the Russell Midcap Growth Index or the SP MidCap 400 Index, as reported by the indexes as of the most recent quarter-end. Both indexes are designed to track the performance of medium-capitalization stocks.
Alger Midcap Mutual Fund Technical Analysis
Alger Midcap 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.
Price Boundaries
Alger Midcap Period Price Range
Low | June 28, 2023
| High |
7.11 | 7.11 |
Alger Midcap May 4, 2024 Market Strength
Market strength indicators help investors to evaluate how Alger Midcap mutual fund reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Alger Midcap shares will generate the highest return on investment. By undertsting and applying Alger Midcap mutual fund market strength indicators, traders can identify Alger Midcap Growth entry and exit signals to maximize returns
Alger Midcap Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Alger Midcap's price direction in advance. Along with the technical and fundamental analysis of Alger Mutual Fund historical price patterns, it is also worthwhile for investors to track various predictive indicators of Alger to make sure they correctly time the market and exploit it's hidden potentials. Even though most predictive indicators are useful for the short-term horizon, it's virtually impossible to predict the unforeseen market. For traders with a short-term horizon, predictive indicators add value when properly applied. Long-term investors, however, may find many predictive indicators less useful.
| Risk Adjusted Performance | 0.0682 | |||
| Jensen Alpha | 0.0126 | |||
| Total Risk Alpha | (0.02) | |||
| Sortino Ratio | 0.022 | |||
| Treynor Ratio | 0.0798 |
| Cycle Indicators | ||
| Math Operators | ||
| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Alger Midcap Growth. Also, note that the market value of any mutual fund could be tightly coupled with the direction of predictive economic indicators such as signals in main economic indicators. Note that the Alger Midcap Growth information on this page should be used as a complementary analysis to other Alger Midcap'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 the ETFs module to find actively traded Exchange Traded Funds (ETF) from around the world.