Alger Mutual Fund Market Value

ASMZX -  USA Fund  

USD 26.58  0.22  0.83%

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 Specialized investors about the entity's future performance. With this module, you can estimate the performance of a buy and hold strategy of Alger Weatherbie Specialized and determine expected loss or profit from investing in Alger Weatherbie over a given investment horizon. Please continue to Alger Weatherbie Hype Analysis, Alger Weatherbie Correlation, Portfolio Optimization, Alger Weatherbie Volatility, as well as analyze Alger Weatherbie Alpha and Beta and Alger Weatherbie Performance.
Symbol
Backtest

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
07/25/2021
No Change 0.00  0.0 
In 3 months and 1 day
10/23/2021
0.00
If you would invest  0.00  in Alger Weatherbie on July 25, 2021 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 Vanguard Extended, and T Rowe. Under normal circumstances, the fund invests at least 80 percent of its net assets, plus any borrowings for investment p...

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.

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
25.5426.5827.62
Details
Intrinsic
Valuation
LowReal ValueHigh
23.9228.0929.13
Details
Naive
Forecast
LowNext ValueHigh
26.3227.3628.40
Details
Bollinger
Band Projection (param)
LowerMiddle BandUpper
25.1926.0126.83
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 Spe.

Alger Weatherbie Spe Backtested Returns

We consider Alger Weatherbie very steady. Alger Weatherbie Spe secures Sharpe Ratio (or Efficiency) of 0.15, which signifies that the fund had 0.15% 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 Specialized, which you can use to evaluate the future volatility of the entity. Please confirm Alger Weatherbie Spe mean deviation of 0.8165, and Risk Adjusted Performance of 0.1014 to double-check if the risk estimate we provide is consistent with the expected return of 0.15%.
The fund shows a Beta (market volatility) of 0.8198, which signifies possible diversification benefits within a given portfolio. Let's try to break down what Alger's beta means in this case. As returns on the market increase, Alger Weatherbie returns are expected to increase less than the market. However, during the bear market, the loss on holding Alger Weatherbie will be expected to be smaller as well. Although it is extremely important to respect Alger Weatherbie Spe historical returns, it is better to be realistic regarding the information on equity 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 Spe technical indicators, you can presently evaluate if the expected return of 0.15% will be sustainable into the future.
AdviceVolatility TrendExposureCorrelations

Auto-correlation

    
  (0.10)   

Very weak reverse predictability

Alger Weatherbie Specialized has very weak reverse predictability. Overlapping area represents the amount of predictability between Alger Weatherbie time series from 25th of July 2021 to 8th of September 2021 and 8th of September 2021 to 23rd of October 2021. 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 -0.1 indicates that less than 10.0% of current Alger Weatherbie price fluctuation can be explain by its past prices. Given that Alger Weatherbie Specialized has negative autocorrelation for selected time horizon, investors may consider taking a contrarian position regarding future price movement of Alger Weatherbie for similar time interval.
Correlation Coefficient-0.1
Spearman Rank Test-0.28
Residual Average0.0
Price Variance0.21

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 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 
Share
      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 
Share
      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 
Share
      Timeline 

Be your own money manager

Our tools can tell you how much better you can do entering a position in Alger Weatherbie without increasing your portfolio risk or giving up expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate.risk-adjusted returns of your individual positions relative to your overall portfolio.

Did you try this?

Run Idea Analyzer Now

   

Idea Analyzer

Analyze all characteristics, volatility and risk-adjusted return of Macroaxis ideas
All  Next Launch Module

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.

Alger Weatherbie Pair Correlation

Equities Pair Trading Analysis

Correlation analysis and pair trading evaluation for Alger Weatherbie and Vanguard Extended Market. Pair trading can be used as a hedging technique within a particular sector or industry or even over random equities to generate better risk-adjusted return
Run Pair Correlation  
Please continue to Alger Weatherbie Hype Analysis, Alger Weatherbie Correlation, Portfolio Optimization, Alger Weatherbie Volatility, as well as analyze Alger Weatherbie Alpha and Beta and Alger Weatherbie Performance. Note that the Alger Weatherbie Spe 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 Stock Tickers module to use high-impact, comprehensive, and customizable stock tickers that can be easily integrated to any websites.

Complementary Tools for Alger Mutual Fund analysis

When running Alger Weatherbie Spe 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.
Performance Analysis
Check effects of mean-variance optimization against your current asset allocation
Go
Portfolio Optimization
Compute new portfolio that will generate highest expected return given your specified tolerance for risk
Go
Equity Forecasting
Use basic forecasting models to generate price predictions and determine price momentum
Go
Bond Directory
Find actively traded corporate debentures issued by US companies
Go
Efficient Frontier
Plot and analyze your portfolio and positions against risk-return landscape of the market.
Go
Portfolio File Import
Quickly import all of your third-party portfolios from your local drive in csv format
Go
Global Markets Map
Get a quick overview of global market snapshot using zoomable world map. Drill down to check world indexes
Go
Equity Search
Search for activelly traded equities including funds and ETFs from over 30 global markets
Go
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, stock 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...