Teresa McRoberts - Alger Midcap Fund Manager
| AMGAX Fund | USD 13.64 0.01 0.07% |
Teresa McRoberts is Senior Vice President Senior Analyst, and Portfolio Manager. She first joined Alger in 1994. Before rejoining Alger in 2015, Teresa was the portfolio manager at Bienville Health Science Partners, a company she founded. Her previous experience includes health care portfolio manager roles at Galleon Group, Carlyle Blue Wave Partners, and Tribeca Global Management . Prior to that, she returned to Alger in 2001 as Senior Health Care Analyst and Portfolio Manager. Before returning to Alger, she was a portfolio manager and principal at Morgan Stanley. Her prior experience includes working as a health care analyst at Alger, and analyst and corporate finance roles at JP Morgan. Teresa earned her B.A. from Oberlin College and her M.B.A. from Columbia University.
| Phone | 800-992-3863 |
Alger Midcap Management Performance (%)
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Alger Fund Performance Indicators
The ability to make a profit is the ultimate goal of any investor. But to identify the right mutual fund is not an easy task. Is Alger Midcap a good investment? Although profit is still the single most important financial element of any organization, multiple performance indicators can help investors identify the equity that they will appreciate over time.
| Price To Earning | 2.01 X | |||
| Price To Book | 3.70 X | |||
| Price To Sales | 2.13 X | |||
| Total Asset | 148.39 M | |||
| Year To Date Return | 3.52 % | |||
| One Year Return | 15.12 % | |||
| Three Year Return | (5.50) % | |||
| Five Year Return | 9.21 % | |||
| Ten Year Return | 11.98 % | |||
| Net Asset | 190.85 M |
Pair Trading with Alger Midcap
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Alger Midcap position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Alger Midcap will appreciate offsetting losses from the drop in the long position's value.Moving together with Alger Mutual Fund
| 1.0 | AMGCX | Alger Midcap Growth | PairCorr |
| 0.95 | AMGOX | Alger Mid Cap | PairCorr |
| 0.83 | AOFAX | Alger Small Cap | PairCorr |
| 0.98 | CHUSX | Alger Global Growth | PairCorr |
The ability to find closely correlated positions to Alger Midcap could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Alger Midcap when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Alger Midcap - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Alger Midcap Growth to buy it.
The correlation of Alger Midcap is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Alger Midcap moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Alger Midcap Growth moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Alger Midcap can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Alger Midcap Growth. Also, note that the market value of any mutual fund could be tightly coupled with the direction of predictive economic indicators such as signals in nation. Note that the Alger Midcap Growth information on this page should be used as a complementary analysis to other Alger Midcap's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Piotroski F Score module to get Piotroski F Score based on the binary analysis strategy of nine different fundamentals.