Alger Large Cap Fund Market Value

AAGOX Fund  USD 103.89  1.00  0.97%   
Alger Large's market value is the price at which a share of Alger Large trades on a public exchange. It measures the collective expectations of Alger Large Cap investors about its performance. Alger Large is trading at 103.89 as of the 29th of July 2025; that is 0.97% up since the beginning of the trading day. The fund's open price was 102.89.
With this module, you can estimate the performance of a buy and hold strategy of Alger Large Cap and determine expected loss or profit from investing in Alger Large over a given investment horizon. Check out Alger Large Correlation, Alger Large Volatility and Alger Large Alpha and Beta module to complement your research on Alger Large.
Symbol

Please note, there is a significant difference between Alger Large's value and its price as these two are different measures arrived at by different means. Investors typically determine if Alger Large is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Alger Large'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 Large '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 Large'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 Large.
0.00
08/09/2023
No Change 0.00  0.0 
In 1 year 11 months and 22 days
07/29/2025
0.00
If you would invest  0.00  in Alger Large on August 9, 2023 and sell it all today you would earn a total of 0.00 from holding Alger Large Cap or generate 0.0% return on investment in Alger Large over 720 days. Alger Large is related to or competes with Ashmore Emerging, Barings High, Ab Bond, Rbc Ultra-short, Intermediate-term, and Versatile Bond. The advisor focuses on growing companies that generally have broad product lines, markets, financial resources and depth... More

Alger Large 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 Large'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 Large Cap upside and downside potential and time the market with a certain degree of confidence.

Alger Large Market Risk Indicators

Today, many novice investors tend to focus exclusively on investment returns with little concern for Alger Large's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Alger Large's standard deviation. In reality, there are many statistical measures that can use Alger Large historical prices to predict the future Alger Large's volatility.
Hype
Prediction
LowEstimatedHigh
64.8465.95114.28
Details
Intrinsic
Valuation
LowRealHigh
103.19104.30105.41
Details
Naive
Forecast
LowNextHigh
103.12104.23105.35
Details
Bollinger
Band Projection (param)
LowerMiddle BandUpper
93.1998.54103.90
Details

Alger Large Cap Backtested Returns

Alger Large appears to be very steady, given 3 months investment horizon. Alger Large Cap secures Sharpe Ratio (or Efficiency) of 0.37, which signifies that the fund had a 0.37 % return per unit of standard deviation over the last 3 months. We have found twenty-seven technical indicators for Alger Large Cap, which you can use to evaluate the volatility of the entity. Please makes use of Alger Large's mean deviation of 0.8916, and Risk Adjusted Performance of 0.3233 to double-check if our risk estimates are consistent with your expectations. The fund shows a Beta (market volatility) of 0.88, which signifies possible diversification benefits within a given portfolio. Alger Large returns are very sensitive to returns on the market. As the market goes up or down, Alger Large is expected to follow.

Auto-correlation

    
  0.53  

Modest predictability

Alger Large Cap has modest predictability. Overlapping area represents the amount of predictability between Alger Large time series from 9th of August 2023 to 3rd of August 2024 and 3rd of August 2024 to 29th of July 2025. 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 Large Cap price movement. The serial correlation of 0.53 indicates that about 53.0% of current Alger Large price fluctuation can be explain by its past prices.
Correlation Coefficient0.53
Spearman Rank Test0.56
Residual Average0.0
Price Variance67.53

Alger Large Cap lagged returns against current returns

Autocorrelation, which is Alger Large 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 Large's mutual fund expected returns. We can calculate the autocorrelation of Alger Large returns to help us make a trade decision. For example, suppose you find that Alger Large has exhibited high autocorrelation historically, and you observe that the mutual fund is moving up for the past few days. In that case, you can expect the price movement to match the lagging time series.
   Current and Lagged Values   
       Timeline  

Alger Large 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 Large mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Alger Large 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 Large mutual fund over time.
   Current vs Lagged Prices   
       Timeline  

Alger Large Lagged Returns

When evaluating Alger Large's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Alger Large mutual fund have on its future price. Alger Large 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 Large autocorrelation shows the relationship between Alger Large mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Alger Large Cap.
   Regressed Prices   
       Timeline  

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Other Information on Investing in Alger Mutual Fund

Alger Large financial ratios help investors to determine whether Alger Mutual Fund is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in Alger with respect to the benefits of owning Alger Large security.
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