ALGER GLOBAL Potential Upside
| CHUSX Fund | | | USD 26.97 -0.27 -0.99% |
The Potential Upside lookup presents technical context for Alger Global Growth and related instruments. Coverage varies by data normalization and availability; see
Equity Screeners for broader screening context.
Trending Equities provides context for diversified portfolio design. Such insight adds context to allocation decisions within a diversified portfolio. The allocation includes a position in Alger Global Growth within the portfolio mix. Also, note that the market value of any mutual fund could be closely tied with the direction of predictive economic indicators such as
signals in main economic indicators.
Alger Global Growth has current Potential Upside of 1.98. Potential Upside is the amount of upward price movement an investor or an analyst expects of a particular equity instrument.
Potential Upside | = | 1PM2PM |
| = | 1.98 | |
| 1PM | = | First upper moment |
| 2PM | = | Second upper moment |
ALGER GLOBAL Potential Upside Peers Comparison
ALGER Potential Upside Relative To Other Indicators
Alger Global Growth ranks first in potential upside among similar funds. It is currently under evaluation in maximum drawdown among similar funds reporting about
5.44 of Maximum Drawdown per Potential Upside. At
5.44 , Alger Global Growth's Maximum Drawdown-to-Potential Upside multiple reflects the spread between these metrics
Unlike using an educated guess on how high a stock could go calculate potential upside as the greater the potential dollar or percentage rise, the bigger the upside for the investment. Potential Upside is the reciprocal of the Value At Risk measure and can be interpreted as return on an investment relative to minimal acceptable return.
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