Alger Concentrated Equity Fund Market Value
| CNEIX Fund | 15.39 0.36 2.29% |
| Symbol | Alger |
Alger Concentrated '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 Concentrated'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 Concentrated.
| 05/07/2025 |
| 08/05/2025 |
If you would invest 0.00 in Alger Concentrated on May 7, 2025 and sell it all today you would earn a total of 0.00 from holding Alger Concentrated Equity or generate 0.0% return on investment in Alger Concentrated over 90 days. Alger Concentrated is related to or competes with Ishares Aggregate, Multisector Bond, Versatile Bond, Rbc Bluebay, Metropolitan West, Calvert Bond, and Morningstar Defensive. More
Alger Concentrated 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 Concentrated'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 Concentrated Equity upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.12 | |||
| Information Ratio | 0.2174 | |||
| Maximum Drawdown | 7.38 | |||
| Value At Risk | (1.33) | |||
| Potential Upside | 2.54 |
Alger Concentrated Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Alger Concentrated's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Alger Concentrated's standard deviation. In reality, there are many statistical measures that can use Alger Concentrated historical prices to predict the future Alger Concentrated's volatility.| Risk Adjusted Performance | 0.2582 | |||
| Jensen Alpha | 0.4376 | |||
| Total Risk Alpha | 0.2068 | |||
| Sortino Ratio | 0.2387 | |||
| Treynor Ratio | (0.75) |
Alger Concentrated Equity Backtested Returns
Alger Concentrated appears to be very steady, given 3 months investment horizon. Alger Concentrated Equity secures Sharpe Ratio (or Efficiency) of 0.32, which signifies that the fund had a 0.32 % return per unit of standard deviation over the last 3 months. We have found twenty-eight technical indicators for Alger Concentrated Equity, which you can use to evaluate the volatility of the entity. Please makes use of Alger Concentrated's mean deviation of 0.8966, and Risk Adjusted Performance of 0.2582 to double-check if our risk estimates are consistent with your expectations. The fund shows a Beta (market volatility) of -0.51, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Alger Concentrated are expected to decrease at a much lower rate. During the bear market, Alger Concentrated is likely to outperform the market.
Auto-correlation | 0.88 |
Very good predictability
Alger Concentrated Equity has very good predictability. Overlapping area represents the amount of predictability between Alger Concentrated time series from 7th of May 2025 to 21st of June 2025 and 21st of June 2025 to 5th 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 Concentrated Equity price movement. The serial correlation of 0.88 indicates that approximately 88.0% of current Alger Concentrated price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.88 | |
| Spearman Rank Test | 0.87 | |
| Residual Average | 0.0 | |
| Price Variance | 0.18 |
Alger Concentrated Equity lagged returns against current returns
Autocorrelation, which is Alger Concentrated 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 Concentrated's mutual fund expected returns. We can calculate the autocorrelation of Alger Concentrated returns to help us make a trade decision. For example, suppose you find that Alger Concentrated 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 Concentrated 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 Concentrated mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Alger Concentrated 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 Concentrated mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Alger Concentrated Lagged Returns
When evaluating Alger Concentrated's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Alger Concentrated mutual fund have on its future price. Alger Concentrated 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 Concentrated autocorrelation shows the relationship between Alger Concentrated mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Alger Concentrated Equity.
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 Concentrated 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 Concentrated security.
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