ALGER MIDCAP Value At Risk
| AMGCX Fund | | | USD 9.43 -0.07 -0.74% |
Historical market data for Alger Midcap Growth forms the basis of the Value At Risk indicator shown here. Related indicator context is organized within
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Trending Equities to explore diversified allocation structure. The overall portfolio profile is shaped by the distribution of its holdings. Alger Midcap Growth can be tracked within a custom portfolio for ongoing monitoring. Portfolio construction methods define how positions are sized relative to each other. Broader economic conditions can influence Alger Midcap Growth's mutual fund valuation — related indicators include
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Alger Midcap Growth has current Value At Risk of
-2.20. Value At Risk (or VAR) is a statistical technique used to measure the level of financial risk of investment instrument over a specific time frame. It is a widely used measure of the risk of loss on a specific investing instrument.
Value At Risk | = | ER[a] x N | + | (Z-SCORE x STD x SQRT (N)) |
| = | -2.20 | |
| ER[a] | = | Expected return on investing in ALGER MIDCAP |
| STD | = | Standard Deviation of ALGER MIDCAP |
| N | = | Number of points for the period |
| Z-SCORE | = | Number of standard deviations above or below the mean |
Value At Risk Peers Comparison
Value At Risk Relative To Other Indicators
Alger Midcap Growth is rated
below average in value at risk among similar funds. It is currently under evaluation in maximum drawdown among similar funds .
Value At Risk is used by risk managers in order to measure and control the level of risk which the firm undertakes. The risk manager job is to ensure that risks are not taken beyond the level at which the firm can absorb the losses of a probable worst outcome. VAR can be defined as the loss level that will not be exceeded with a certain confidence level during a certain period of time.
Compare ALGER MIDCAP to Peers
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