Alger Midcap Financials
| AMGCX Fund | USD 7.89 0.01 0.13% |
Alger |
Please note that past performance is not an indicator of the future performance of Alger Midcap, its manager's success, or the effectiveness of its strategy. The performance results shown here may have been adversely or favorably impacted by events and economic conditions that may not prevail in the future. Therefore, you must use caution to infer that these results indicate any fund, manager, or strategy's future performance. Investment returns and principal value will fluctuate so that investors' shares, when sold, may be worth more or less than their original cost.
Alger Midcap Fund Summary
Alger Midcap competes with HUMANA, Barloworld, Morningstar Unconstrained, High Yield, and Thrivent High. Under normal circumstances, the fund invests at least 80 percent of its net assets in equity securities of companies that, at the time of purchase of the securities, have total market capitalization within the range of companies included in the Russell Midcap Growth Index or the SP MidCap 400 Index, as reported by the indexes as of the most recent quarter-end. Both indexes are designed to track the performance of medium-capitalization stocks.Specialization | Mid-Cap Growth, Large |
| Instrument | USA Mutual Fund View All |
| Exchange | NMFQS Exchange |
| Business Address | Alger Funds |
| Mutual Fund Family | Alger |
| Mutual Fund Category | Mid-Cap Growth |
| Benchmark | NYSE Composite |
| Phone | 800 992 3863 |
| Currency | USD - US Dollar |
Alger Financial Ratios Relationships
Comparative valuation techniques use various fundamental indicators to help in determining Alger Midcap's current stock value. Our valuation model uses many indicators to compare Alger Midcap value to that of its competitors to determine the firm's financial worth. You can analyze the relationship between different fundamental ratios across Alger Midcap competition to find correlations between indicators driving Alger Midcap's intrinsic value. More Info.Alger Midcap Growth is the top fund in price to earning among similar funds. It is second largest fund in price to book among similar funds fabricating about 3.24 of Price To Book per Price To Earning. Comparative valuation analysis is a catch-all model that can be used if you cannot value Alger Midcap by discounting back its dividends or cash flows. This model doesn't attempt to find an intrinsic value for Alger Midcap's Mutual Fund. Still, instead, it compares the stock's price multiples to a benchmark or nearest competition to determine if the stock is relatively undervalued or overvalued. The reason why the comparable model can be used in almost all circumstances is due to the vast number of multiples that can be utilized, such as the price-to-earnings (P/E), price-to-book (P/B), price-to-sales (P/S), price-to-cash flow (P/CF), and many others. The P/E ratio is the most commonly used of these ratios because it focuses on the Alger Midcap's earnings, one of the primary drivers of an investment's value.Alger Midcap Growth Systematic Risk
Alger Midcap's systematic risk plays a vital role in portfolio allocation when considering its stock to be added to a well-diversified portfolio. Alger Midcap volatility which cannot be eliminated through diversification, requires returns over the risk-free rate. Over the long run, a well-diversified portfolio provides returns that match its exposure to systematic risk. In this case, investors face a trade-off between expected returns and systematic risk and, therefore, can only reduce a portfolio's exposure to systematic risk by sacrificing expected returns on the portfolio.
The output start index for this execution was three with a total number of output elements of fifty-eight. The Beta measures systematic risk based on how returns on Alger Midcap Growth correlated with the market. If Beta is less than 0 Alger Midcap generally moves in the opposite direction as compared to the market. If Alger Midcap Beta is about zero movement of price series is uncorrelated with the movement of the benchmark. if Beta is between zero and one Alger Midcap Growth is generally moves in the same direction as, but less than the movement of the market. For Beta = 1 movement of Alger Midcap is generally in the same direction as the market. If Beta > 1 Alger Midcap moves generally in the same direction as, but more than the movement of the benchmark.
Alger Midcap April 25, 2024 Opportunity Range
Along with financial statement analysis, the daily predictive indicators of Alger Midcap help investors to analyze its daily demand and supply, volume, patterns, and price swings to determine the real value of Alger Midcap Growth. We use our internally-developed statistical techniques to arrive at the intrinsic value of Alger Midcap Growth based on widely used predictive technical indicators. In general, we focus on analyzing Alger Mutual Fund price patterns and their correlations with different microeconomic environment and drivers. We also apply predictive analytics to build Alger Midcap's daily price indicators and compare them against related drivers.
| Downside Deviation | 1.19 | |||
| Information Ratio | (0) | |||
| Maximum Drawdown | 5.6 | |||
| Value At Risk | (1.45) | |||
| Potential Upside | 1.73 |
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 main economic indicators. 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 Portfolio Optimization module to compute new portfolio that will generate highest expected return given your specified tolerance for risk.