Alger Capital Mutual Fund Forecast - Rate Of Daily Change
| ACAZX Fund | USD 31.61 0.63 2.03% |
Alger Mutual Fund Forecast is based on your current time horizon. Investors can use this forecasting interface to forecast Alger Capital stock prices and determine the direction of Alger Capital Appreciation's future trends based on various well-known forecasting models. We recommend always using this module together with an analysis of Alger Capital's historical fundamentals, such as revenue growth or operating cash flow patterns.
Check out Historical Fundamental Analysis of Alger Capital to cross-verify your projections. Alger |
Most investors in Alger Capital cannot accurately predict what will happen the next trading day because, historically, fund markets tend to be unpredictable and even illogical. Modeling turbulent structures requires applying different statistical methods, techniques, and algorithms to find hidden data structures or patterns within the Alger Capital's time series price data and predict how it will affect future prices. One of these methodologies is forecasting, which interprets Alger Capital's price structures and extracts relationships that further increase the generated results' accuracy.
Rate Of Daily Change (RDOC) indicator calculates rate of change of a given period over the current closing price of Alger Capital.| Check Alger Capital Volatility | Backtest Alger Capital | Information Ratio |
Alger Capital Trading Date Momentum
| On May 04 2024 Alger Capital Appreciation was traded for 31.61 at the closing time. The highest daily price throughout the period was 31.61 and the lowest price was 31.61 . There was no trading activity during the period 0.0. Lack of trading volume on 05/04/2024 did not affect price variability. The overall trading delta to current closing price is 0.00% . |
The rate of daily change can indicate whether a given asset was oversold or over brought during a given period.
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Other Forecasting Options for Alger Capital
For every potential investor in Alger, whether a beginner or expert, Alger Capital's price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. Alger Mutual Fund price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in Alger. Basic forecasting techniques help filter out the noise by identifying Alger Capital's price trends.Alger Capital Related Equities
One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with Alger Capital mutual fund to make a market-neutral strategy. Peer analysis of Alger Capital could also be used in its relative valuation, which is a method of valuing Alger Capital by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
Alger Capital Apprec Technical and Predictive Analytics
The mutual fund market is financially volatile. Despite the volatility, there exist limitless possibilities of gaining profits and building passive income portfolios. With the complexity of Alger Capital's price movements, a comprehensive understanding of forecasting methods that an investor can rely on to make the right move is invaluable. These methods predict trends that assist an investor in predicting the movement of Alger Capital's current price.| Cycle Indicators | ||
| Math Operators | ||
| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
Alger Capital Market Strength Events
Market strength indicators help investors to evaluate how Alger Capital 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 Capital shares will generate the highest return on investment. By undertsting and applying Alger Capital mutual fund market strength indicators, traders can identify Alger Capital Appreciation entry and exit signals to maximize returns.
| Daily Balance Of Power | 9.2 T | |||
| Rate Of Daily Change | 1.02 | |||
| Day Median Price | 31.61 | |||
| Day Typical Price | 31.61 | |||
| Price Action Indicator | 0.31 | |||
| Period Momentum Indicator | 0.63 |
Alger Capital Risk Indicators
The analysis of Alger Capital's basic risk indicators is one of the essential steps in accurately forecasting its future price. The process involves identifying the amount of risk involved in Alger Capital's investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting alger mutual fund prices, we also provide a set of basic risk indicators that can assist in the individual investment decision or help in hedging the risk of your existing portfolios.
| Mean Deviation | 0.9774 | |||
| Semi Deviation | 1.06 | |||
| Standard Deviation | 1.3 | |||
| Variance | 1.69 | |||
| Downside Variance | 1.49 | |||
| Semi Variance | 1.12 | |||
| Expected Short fall | (1.14) |
Please note, the risk measures we provide can be used independently or collectively to perform a risk assessment. When comparing two potential investments, we recommend comparing similar equities with homogenous growth potential and valuation from related markets to determine which investment holds the most risk.
Pair Trading with Alger Capital
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 Capital 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 Capital will appreciate offsetting losses from the drop in the long position's value.Moving together with Alger Mutual Fund
| 0.92 | AMGCX | Alger Midcap Growth | PairCorr |
| 0.63 | AOFYX | Alger Small Cap | PairCorr |
| 0.73 | CHUSX | Alger Global Growth | PairCorr |
The ability to find closely correlated positions to Alger Capital 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 Capital 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 Capital - 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 Capital Appreciation to buy it.
The correlation of Alger Capital is a statistical measure of how it moves in relation to other instruments. 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 Capital moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Alger Capital Apprec 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 Capital 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.Check out Historical Fundamental Analysis of Alger Capital to cross-verify your projections. Note that the Alger Capital Apprec information on this page should be used as a complementary analysis to other Alger Capital'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 Idea Analyzer module to analyze all characteristics, volatility and risk-adjusted return of Macroaxis ideas.