Alger Smallcap Growth Fund Quote
| ALSAX Fund | USD 9.45 0.17 1.83% |
Performance2 of 100
| Odds Of DistressLess than 21
|
Alger Smallcap is trading at 9.45 as of the 24th of April 2024; that is 1.83 percent up since the beginning of the trading day. The fund's open price was 9.28. Alger Smallcap has about a 21 % chance of experiencing some form of financial distress in the next two years of operation and did not have a very good performance during the last 90 trading days. Equity ratings for Alger Smallcap Growth are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 30th of April 2023 and ending today, the 24th of April 2024. Click here to learn more.
The fund normally invests at least 80 percent of its net assets, plus any borrowings for investment purposes, in equity securities of companies that, at the time of purchase of the securities, have a total market capitalization range of the Russell 2000 Growth Index. More on Alger Smallcap Growth
Moving together with Alger Mutual Fund
| 0.91 | AMGAX | Alger Midcap Growth | PairCorr |
| 0.91 | AMGCX | Alger Midcap Growth | PairCorr |
| 0.91 | AMGOX | Alger Mid Cap | PairCorr |
| 0.92 | AOFAX | Alger Small Cap | PairCorr |
| 0.92 | AOFCX | Alger Small Cap | PairCorr |
| 0.86 | CHUSX | Alger Global Growth | PairCorr |
| 0.82 | ASIMX | Alger Smidcap Focus | PairCorr |
Alger Mutual Fund Highlights
Most reasonable investors view market volatility as an opportunity to invest at a favorable price or to sell short against a bearish trend. Alger Smallcap's investment highlights are automatically generated signals that are significant enough to either complement your investing judgment regarding Alger Smallcap or challenge it. These highlights can help you better understand the position you are entering and avoid costly mistakes.
| Fund Concentration | Alger Funds, Large Funds, Small Growth Funds, Small Growth, Alger (View all Sectors) |
| Update Date | 31st of March 2024 |
| Expense Ratio Date | 6th of April 2023 |
| Fiscal Year End | October |
Alger Smallcap Growth [ALSAX] is traded in USA and was established 24th of April 2024. Alger Smallcap is listed under Alger category by Fama And French industry classification. The fund is listed under Small Growth category and is part of Alger family. This fund presently has accumulated 339.44 M in assets under management (AUM) with no minimum investment requirementsAlger Smallcap Growth is currently producing year-to-date (YTD) return of 4.59% with the current yeild of 0.0%, while the total return for the last 3 years was -13.42%.
Check Alger Smallcap Probability Of Bankruptcy
Instrument Allocation
Sector Allocation
Investors will always prefer to have their portfolios divercified against different sectors. The broad sector allocation increases the possibility of making a profit or at least avoiding a loss. However, this may also reduce the expected return on Alger Mutual Fund. Generally, it depends on diversification level and type but usually, the broader the sector allocation, the less risk can be expected from holding Alger Mutual Fund, and the less return is expected.
Institutional investors that are interested in enforcing a sector tilt in their portfolio can use exchange-traded funds, such as Alger Smallcap Growth Mutual Fund, as a low-cost alternative to building a custom portfolio. So, using sector ETFs to diversify your portfolio can be a profitable strategy. However, no matter what sectors are desirable at a given time, no single industry should ever make up more than 20 percent of your stock portfolio.
Top Alger Smallcap Growth Mutual Fund Constituents
| JYNT | The Joint Corp | Stock | Health Care |
| ACIW | ACI Worldwide | Stock | Information Technology |
| TYL | Tyler Technologies | Stock | Information Technology |
| TECH | Bio Techne Corp | Stock | Health Care |
| INGN | Inogen Inc | Stock | Health Care |
| DKNG | DraftKings | Stock | Consumer Discretionary |
| NSTG | NanoString Technologies | Stock | Health Care |
Alger Smallcap Target Price Odds Analysis
Based on a normal probability distribution, the odds of Alger Smallcap jumping above the current price in 90 days from now is about 84.82%. The Alger Smallcap Growth probability density function shows the probability of Alger Smallcap mutual fund to fall within a particular range of prices over 90 days. Assuming the 90 days horizon the mutual fund has a beta coefficient of 1.5987. This suggests as the benchmark fluctuates upward, the company is expected to outperform it on average. However, if the benchmark returns are projected to be negative, Alger Smallcap will likely underperform. Additionally, alger Smallcap Growth has a negative alpha, implying that the risk taken by holding this instrument is not justified. The company is significantly underperforming the NYSE Composite.
Based on a normal probability distribution, the odds of Alger Smallcap to move above the current price in 90 days from now is about 84.82 (This Alger Smallcap Growth probability density function shows the probability of Alger Mutual Fund to fall within a particular range of prices over 90 days) .
Alger Smallcap Growth Risk Profiles
Investors will always prefer to have the highest possible return on investment while minimizing volatility. Alger Smallcap market risk premium is the additional return an investor will receive from holding Alger Smallcap long position in a well-diversified portfolio. The market premium is part of the Capital Asset Pricing Model (CAPM), which most analysts and investors use to calculate the acceptable rate of return on investment in Alger Smallcap. At the center of the CAPM is the concept of risk and reward, which is usually communicated by investors using alpha and beta measures. Although Alger Smallcap's alpha and beta are two of the key measurements used to evaluate Alger Smallcap's performance over the market, the standard measures of volatility play an important role as well.
| Mean Deviation | 1.06 | |||
| Semi Deviation | 1.42 | |||
| Standard Deviation | 1.33 | |||
| Variance | 1.77 |
Alger Smallcap Against Markets
Picking the right benchmark for Alger Smallcap mutual fund is fundamental to making educated investment choices. Many naive investors compare their positions with the S&P 500 or with the Nasdaq. But these benchmarks are not all-inclusive and generally should be used only for large-capitalization equities or stock offerings from large companies. When the price of a selected benchmark declines in a down market, there may be an uptick in Alger Smallcap mutual fund price where buyers come in believing the asset is cheap. The opposite is true when the market is bullish; so, accurately picking the benchmark for Alger Smallcap is critical whether you are bullish or bearish towards Alger Smallcap Growth at a given time. Please also check how Alger Smallcap's historical prices are related to one of the top price index indicators.
Be your own money manager
Our tools can tell you how much better you can do entering a position in Alger Smallcap without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.Did you try this?
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| All Next | Launch Module |
How to buy Alger Mutual Fund?
Before investing in Alger Smallcap, you must ensure you fully understand your financial goals and how diversified (or not) your overall investments are now. Then, after you clearly understand your investment objectives, consider investing in Alger Smallcap. To buy Alger Smallcap fund, you can follow these steps:- Choose a brokerage firm: You need to select a brokerage firm to buy shares of Alger Smallcap. Some popular options include Charles Schwab, Fidelity, TD Ameritrade, and Robinhood.
- Open an account: Once you have chosen a brokerage firm, you will need to open an account. You will be required to provide personal information, such as your name, address, and Social Security number.
- Fund your account: You will need to deposit funds into your brokerage account to purchase Alger Smallcap fund. You can do this by transferring funds from your bank account or other investment accounts.
- Place your order: Once you have located Alger Smallcap Growth fund in your brokerage account, you can place your order to buy it. You will need to specify the number of shares you want to buy and the price you are willing to pay.
- Monitor your investment: After you have purchased Alger Smallcap Growth fund, you should monitor your investment to track its performance and make informed decisions about buying, selling, or holding the fund
It's important to note that investing in stocks, such as Alger Smallcap Growth, carries risks, and you should carefully consider your investment goals and risk tolerance before making any investment decisions. Also, remember various factors, including economic indicators, change in net worth, political events, company-specific news, and investor sentiment, can influence the stock market. These factors can cause fluctuations in fund prices and lead to market volatility affecting your buy or sell decision. However, volatility can also present opportunities for investors to make gains by buying stocks when prices are low and selling when they are high. It's important for investors to have a long-term perspective and a well-diversified portfolio to manage the impact of stock market volatility on their investments.
Already Invested in Alger Smallcap Growth?
The danger of trading Alger Smallcap Growth is mainly related to its market volatility and Mutual Fund specific events. As an investor, you must understand the concept of risk-adjusted return before you start trading. The most common way to measure the risk of Alger Smallcap is by using the Sharpe ratio. The ratio expresses how much excess return you acquire for the extra volatility you endure for holding a more risker asset than Alger Smallcap. The Sharpe ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile Alger Smallcap Growth is, you must compare it to a benchmark. Traditionally, the risk-free rate of return is the rate of return on the shortest-dated U.S. Treasury, such as a 3-year bond.
Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Alger Smallcap 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 Smallcap Growth information on this page should be used as a complementary analysis to other Alger Smallcap'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 Fundamental Analysis module to view fundamental data based on most recent published financial statements.