Alger Health Sciences Fund Market Value
| AHSCX Fund | USD 11.26 0.04 0.35% |
| Symbol | Alger |
Alger Health '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 Health'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 Health.
| 05/09/2025 |
| 08/07/2025 |
If you would invest 0.00 in Alger Health on May 9, 2025 and sell it all today you would earn a total of 0.00 from holding Alger Health Sciences or generate 0.0% return on investment in Alger Health over 90 days. Alger Health is related to or competes with Ab Select, Ultra-short Fixed, Maryland Short-term, Dreyfus Short, Western Asset, and Blackrock Global. The fund invests at least 80 percent of its net assets, plus any borrowings for investment purposes, in equity securitie... More
Alger Health 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 Health'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 Health Sciences upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.13) | |||
| Maximum Drawdown | 3.27 | |||
| Value At Risk | (1.25) | |||
| Potential Upside | 1.26 |
Alger Health Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Alger Health's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Alger Health's standard deviation. In reality, there are many statistical measures that can use Alger Health historical prices to predict the future Alger Health's volatility.| Risk Adjusted Performance | (0) | |||
| Jensen Alpha | (0) | |||
| Total Risk Alpha | (0.11) | |||
| Treynor Ratio | 0.1302 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Alger Health'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.
Alger Health Sciences Backtested Returns
At this stage we consider Alger Mutual Fund to be very steady. Alger Health Sciences secures Sharpe Ratio (or Efficiency) of 0.0264, which signifies that the fund had a 0.0264 % return per unit of standard deviation over the last 3 months. We have found twenty-one technical indicators for Alger Health Sciences, which you can use to evaluate the volatility of the entity. Please confirm Alger Health's risk adjusted performance of (0), and Mean Deviation of 0.6396 to double-check if the risk estimate we provide is consistent with the expected return of 0.0205%. The fund shows a Beta (market volatility) of -0.0934, which signifies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Alger Health are expected to decrease at a much lower rate. During the bear market, Alger Health is likely to outperform the market.
Auto-correlation | -0.58 |
Good reverse predictability
Alger Health Sciences has good reverse predictability. Overlapping area represents the amount of predictability between Alger Health time series from 9th of May 2025 to 23rd of June 2025 and 23rd of June 2025 to 7th of August 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 Health Sciences price movement. The serial correlation of -0.58 indicates that roughly 58.0% of current Alger Health price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.58 | |
| Spearman Rank Test | -0.66 | |
| Residual Average | 0.0 | |
| Price Variance | 0.02 |
Alger Health Sciences lagged returns against current returns
Autocorrelation, which is Alger Health 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 Health's mutual fund expected returns. We can calculate the autocorrelation of Alger Health returns to help us make a trade decision. For example, suppose you find that Alger Health 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 Health 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 Health mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Alger Health 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 Health mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Alger Health Lagged Returns
When evaluating Alger Health's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Alger Health mutual fund have on its future price. Alger Health 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 Health autocorrelation shows the relationship between Alger Health mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Alger Health Sciences.
Regressed Prices |
| Timeline |
Also Currently Popular
Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.Other Information on Investing in Alger Mutual Fund
Alger Health 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 Health security.
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