Alger Mid Buy or Sell Recommendation

Macroaxis provides Alger Mid Cap Growth I 2 buy hold or sell recommendation only in the context of selected investment horizon and investor attitude towards risk assumed by holding Alger Mid positions. The advice algorithm takes into account all of Alger Mid Cap Growth I 2 available fundamental, technical, and predictive indicators you will find on this site. The advice is provided from Alger Mid buy-and-hold prospective. Check also Alger Mid Analyst Recommendation to compare Macroaxis Buy or Sell Recommendation with current analyst consensus

Investment Horizon

  

Risk Tolerance

  
Symbol
Execute Advice
Alger Mid Cap Growth I 2 -- USA Fund  

USD 25.2  0.13  0.51%

Assuming 30 trading days horizon, and your above average risk tolerance our recommendation regarding Alger Mid Cap Growth I 2 is 'Strong Hold'.
For the selected time horizon Alger Mid Cap Growth I 2 has a risk adjusted performance of 0.0379, jensen alpha of (0.097518), total risk alpha of (0.23), sortino ratio of (0.23) and treynor ratio of 0.0546
Macroaxis buy, hold, or sell recommendation module can be used to complement current analysts and expert consensus on Alger Mid. Our buy, hold, or sell suggestion engine makes use of analyzes the entity potential to grow using all fundamental data market data available at the time. Use Alger Mid Cap Price to Sales and Ten Year Return to make sure your buy or sell decision on Alger Mid Cap is adequate.

Returns Distribution Density

Mean Return0.047439Value At Risk1.07
Potential Upside0.96Standard Deviation0.66
 Return Density 
      Distribution 

Alger Mid Greeks

α
Alpha over DOW
=0.1
βBeta against DOW=0.69
σ
Overall volatility
=0.66
 IrInformation ratio =0.24

Alger Mid Volatility Alert

Alger Mid Cap Growth I 2 exhibits relatively low volatility with skewness of -0.17 and kurtosis of -0.58. However, we advice investors to further investigate Alger Mid Cap Growth I 2 to make sure all market statistics is disseminated and is consistent with investors' estimations about Alger Mid upside potential.
    
 Better Than Average     
    
 Worse Than Average Compare Alger Mid to competition
FundamentalsAlger MidPeer Average
Price to Earning22.64 times7.6 times
Price to Book3.99 times1.04 times
Price to Sales2.52 times1.03 times
One Year Return(2.71) % 2.3 %
Three Year Return23.56 % 3.97 %
Five Year Return(0.78) % 1.27 %
Ten Year Return3.85 % 1.17 %
Net Asset141.52 M1.37 B
Minimum Initial Investment500 K8.09 M
Last Dividend Paid0.051.05
Cash Position Weight5.51 % 14.48 %
Equity Positions Weight92.26 % 40.68 %
SellBuy
Strong Hold

Volatility

Hype Condition

Current Valuation

Odds of Distress

Economic Sensitivity

Analyst Consensus

Currently Unavailable

Piotroski F Score

Currently Unavailable

Financial Leverage

Inapplicable
Risk Adjusted Performance0.0379
Market Risk Adjusted Performance0.0646
Mean Deviation0.539
Semi Deviation0.5796
Downside Deviation0.6883
Coefficient Of Variation1401.24
Standard Deviation0.6647
Variance0.4419
Information Ratio(0.24)
Jensen Alpha(0.097518)
Total Risk Alpha(0.23)
Sortino Ratio(0.23)
Treynor Ratio0.0546
Maximum Drawdown2.5
Value At Risk(1.07)
Potential Upside0.9631
Downside Variance0.4738
Semi Variance0.3359
Expected Short fall(0.64)
Skewness(0.17)
Kurtosis(0.58)