Alger Mid Cap Fund Manager Performance Evaluation
| AMGOX Fund | USD 17.87 0.19 1.05% |
The fund shows a Beta (market volatility) of 1.21, which signifies a somewhat significant risk relative to the market. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, Alger Mid will likely underperform.
Risk-Adjusted Performance
6 of 100
Weak | Strong |
Modest
Compared to the overall equity markets, risk-adjusted returns on investments in Alger Mid Cap are ranked lower than 6 (%) of all funds and portfolios of funds over the last 90 days. In spite of fairly strong basic indicators, Alger Mid is not utilizing all of its potentials. The current stock price disturbance, may contribute to short-term losses for the investors.
...more| Expense Ratio | 0.9700 |
Alger |
Alger Mid Relative Risk vs. Return Landscape
If you would invest 1,692 in Alger Mid Cap on January 19, 2024 and sell it today you would earn a total of 95.00 from holding Alger Mid Cap or generate 5.61% return on investment over 90 days. Alger Mid Cap is currently producing 0.0922% returns and takes up 1.0521% volatility of returns over 90 trading days. Put another way, 9% of traded mutual funds are less volatile than Alger, and 99% of all traded equity instruments are likely to generate higher returns over the next 90 trading days. Expected Return |
| Risk |
Alger Mid Current Valuation
Fairly Valued
Today
Please note that Alger Mid's price fluctuation is very steady at this time. At this time, the entity appears to be fairly valued. Alger Mid Cap shows a prevailing Real Value of $17.89 per share. The current price of the fund is $17.87. We determine the value of Alger Mid Cap from analyzing fund fundamentals and technical indicators as well as its Probability Of Bankruptcy. In general, we favor acquiring undervalued mutual funds and dropping overvalued mutual funds since, at some point, mutual fund prices and their ongoing real values will blend.
Our valuation method for Alger Mid Cap is useful when determining the fair value of the Alger mutual fund, which is usually determined by what a typical buyer is willing to pay for full or partial control of Alger Mid. Since Alger Mid is currently traded on the exchange, buyers and sellers on that exchange determine the market value of Alger Mutual Fund. However, Alger Mid's intrinsic value may or may not be the same as its current market price, in which case there is an opportunity to profit from the mispricing, assuming the market price will eventually merge with its intrinsic value. | Historical | Market 17.87 | Real 17.89 | Hype 17.87 | Naive 17.55 |
The real value of Alger Mutual Fund, also known as its intrinsic value, is the underlying worth of Alger Mid Cap Mutual Fund, which is reflected in its stock price. It is based on Alger Mid's financial performance, assets, liabilities, growth prospects, management team, or industry conditions. The intrinsic value of Alger Mid's stock can be calculated using various methods such as discounted cash flow analysis, price-to-earnings ratio, or price-to-book ratio. That value may differ from its current market price, which is determined by supply and demand factors such as investor sentiment, market trends, news, and other external factors that may influence Alger Mid's stock price. It is important to note that the real value of any stock may change over time based on changes in the company's performance.
Estimating the potential upside or downside of Alger Mid Cap helps investors to forecast how Alger mutual fund's addition to their portfolios will impact the overall performance. We also use other valuation drivers to help us estimate the true value of Alger Mid more accurately as focusing exclusively on Alger Mid's fundamentals will not take into account other important factors: Alger Mid Market Risk Analysis
Today, many novice investors tend to focus exclusively on investment returns with little concern for Alger Mid's investment risk. Standard deviation is the most common way to measure market volatility of mutual funds, such as Alger Mid Cap, and traders can use it to determine the average amount a Alger Mid's price has deviated from the expected return over a period of time. It is calculated by determining the expected price for the established period and then subtracting this figure from each price point. The differences are then squared, summed, and averaged to produce the variance.
Sharpe Ratio = 0.0876
| Best Portfolio | Best Equity | |||
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| Cash | AMGOX | Average Risk | High Risk | Huge Risk |
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Estimated Market Risk
| 1.05 actual daily | 9 91% of assets are more volatile |
Expected Return
| 0.09 actual daily | 1 99% of assets have higher returns |
Risk-Adjusted Return
| 0.09 actual daily | 6 94% of assets perform better |
Based on monthly moving average Alger Mid is performing at about 6% of its full potential. If added to a well diversified portfolio the total return can be enhanced and market risk can be reduced. You can increase risk-adjusted return of Alger Mid by adding it to a well-diversified portfolio.
Alger Mid Fundamentals Growth
Alger Mutual Fund prices reflect investors' perceptions of the future prospects and financial health of Alger Mid, and Alger Mid fundamentals are critical determinants of its market performance. Overall, investors pay close attention to revenue and earnings growth, profit margins, and debt levels. These fundamentals can have a significant impact on Alger Mutual Fund performance.
| Price To Earning | 1.13 X | |||
| Price To Book | 3.99 X | |||
| Price To Sales | 2.52 X | |||
| Total Asset | 209.11 M | |||
About Alger Mid Performance
To evaluate Alger Mid Cap Mutual Fund as a possible investment, you need to clearly understand its upside potential, downside risk, and overall future performance outlook. You may be satisfied when Alger Mid generates a 15% return over the last few months, but what if the market is generating 25% over the same period? In this case, it makes sense to compare Alger Mutual Fund's performance with different market indexes, such as the Dow or NASDAQ Composite. These indexes can act as benchmarks that will help you to understand Alger Mid Cap market performance in a much more refined way. The Macroaxis performance score is an integer between 0 and 100 that represents Alger's market performance from a risk-adjusted return perspective. Generally speaking, the higher the score, the better is overall performance as compared to other investors. The score is normalized against the average investing universe (the best we can interpret from the data available). Within this methodology, scores of individual equity instruments will always be inferior to the scores of portfolios of equities as portfolios typically diversify a lot of unsystematic risks away. The formula to derive the Macroaxis score bases on multiple unequally-weighted factors. For more information, refer to our portfolio performance evaluation section.
Please also refer to our technical analysis and fundamental analysis pages.The advisor focuses on mid-sized companies that the advisor believes demonstrate promising growth potential. Under normal circumstances, it 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.Things to note about Alger Mid Cap performance evaluation
Checking the ongoing alerts about Alger Mid for important developments is a great way to find new opportunities for your next move. Mutual Fund alerts and notifications screener for Alger Mid Cap help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.| The fund generated three year return of -5.0% | |
| Alger Mid Cap holds 98.9% of its assets under management (AUM) in equities |
- Analyzing Alger Mid's financial statements, including its income statement, balance sheet, and cash flow statement, helps in understanding its overall financial health and growth potential.
- Getting a closer look at valuation ratios like price-to-earnings (P/E) ratio, price-to-sales (P/S) ratio, and price-to-book (P/B) ratio help in understanding whether Alger Mid's stock is overvalued or undervalued compared to its peers.
- Examining Alger Mid's industry or sector and how it is performing can give you an idea of its growth potential and how it is positioned relative to its competitors.
- Evaluating Alger Mid's management team can have a significant impact on its success or failure. Reviewing the track record and experience of Alger Mid's management team can help you assess the Mutual Fund's leadership.
- Pay attention to analyst opinions and ratings of Alger Mid's mutual fund. These opinions can provide insight into Alger Mid's potential for growth and whether the stock is currently undervalued or overvalued.
Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Alger Mid Cap. 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 persons. You can also try the Volatility Analysis module to get historical volatility and risk analysis based on latest market data.