Alger Health Sciences Fund Market Value

AHSZX Fund  USD 18.76  0.17  0.91%   
Alger Health's market value is the price at which a share of Alger Health trades on a public exchange. It measures the collective expectations of Alger Health Sciences investors about its performance. Alger Health is trading at 18.76 as of the 24th of July 2025; that is 0.91% up since the beginning of the trading day. The fund's open price was 18.59.
With this module, you can estimate the performance of a buy and hold strategy of Alger Health Sciences and determine expected loss or profit from investing in Alger Health over a given investment horizon. Check out Alger Health Correlation, Alger Health Volatility and Alger Health Alpha and Beta module to complement your research on Alger Health.
Symbol

Please note, there is a significant difference between Alger Health's value and its price as these two are different measures arrived at by different means. Investors typically determine if Alger Health is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Alger Health'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 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.
0.00
04/25/2025
No Change 0.00  0.0 
In 2 months and 31 days
07/24/2025
0.00
If you would invest  0.00  in Alger Health on April 25, 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 Versatile Bond, Ambrus Core, Gmo High, National Tax, Touchstone Premium, and Intermediate-term. 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.

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.
Hype
Prediction
LowEstimatedHigh
17.9718.7619.55
Details
Intrinsic
Valuation
LowRealHigh
18.0018.7919.58
Details
Naive
Forecast
LowNextHigh
17.9518.7419.53
Details
Bollinger
Band Projection (param)
LowerMiddle BandUpper
18.4818.9619.44
Details
Please note, it is not enough to conduct a financial or market analysis of a single entity such as Alger Health. Your research has to be compared to or analyzed against Alger Health's peers to derive any actionable benefits. When done correctly, Alger Health's competitive analysis will give you plenty of quantitative and qualitative data to validate your investment decisions or develop an entirely new strategy toward taking a position in Alger Health Sciences.

Alger Health Sciences Backtested Returns

Alger Health Sciences secures Sharpe Ratio (or Efficiency) of close to zero, which signifies that the fund had a close to zero % return per unit of standard deviation over the last 3 months. Alger Health Sciences exposes twenty-eight different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Alger Health's risk adjusted performance of 0.027, and Mean Deviation of 0.6979 to double-check the risk estimate we provide. The fund shows a Beta (market volatility) of -0.1, 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

    
  -0.43  

Modest reverse predictability

Alger Health Sciences has modest reverse predictability. Overlapping area represents the amount of predictability between Alger Health time series from 25th of April 2025 to 9th of June 2025 and 9th of June 2025 to 24th 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 Health Sciences price movement. The serial correlation of -0.43 indicates that just about 43.0% of current Alger Health price fluctuation can be explain by its past prices.
Correlation Coefficient-0.43
Spearman Rank Test-0.14
Residual Average0.0
Price Variance0.05

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  

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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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