Alger Midcap Price to Book vs. Price to Earning
| AMGAX Fund | USD 13.36 0.11 0.83% |
For Alger Midcap profitability analysis, we use financial ratios and fundamental drivers that measure the ability of Alger Midcap to generate income relative to revenue, assets, operating costs, and current equity. These fundamental indicators attest to how well Alger Midcap Growth utilizes its assets to generate profit and value for its shareholders. The profitability module also shows relationships between Alger Midcap's most relevant fundamental drivers. It provides multiple suggestions of what could affect the performance of Alger Midcap Growth over time as well as its relative position and ranking within its peers.
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Alger Midcap Growth Price to Earning vs. Price to Book Fundamental Analysis
Alger Price to Earning vs. Price to Book
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Use Alger Midcap in pair-trading
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.Alger Midcap Pair Trading
Alger Midcap Growth Pair Trading Analysis
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.Use Investing Themes to Complement your Alger Midcap position
In addition to having Alger Midcap in your portfolios, you can quickly add positions using our predefined set of ideas and optimize them against your very unique investing style. A single investing idea is a collection of funds, stocks, ETFs, or cryptocurrencies that are programmatically selected from a pull of investment themes. After you determine your investment opportunity, you can then find an optimal portfolio that will maximize potential returns on the chosen idea or minimize its exposure to market volatility.Did You Try This Idea?
Run Copper Thematic Idea Now
Copper
Companies involved in production of copper. The Copper theme has 44 constituents at this time.
You can either use a buy-and-hold strategy to lock in the entire theme or actively trade it to take advantage of the short-term price volatility of individual constituents. Macroaxis can help you discover thousands of investment opportunities in different asset classes. In addition, you can partner with us for reliable portfolio optimization as you plan to utilize Copper Theme or any other thematic opportunities.
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Check out Trending Equities. 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 Anywhere module to track or share privately all of your investments from the convenience of any device.
To fully project Alger Midcap's future profitability, investors should examine all historical financial statements. These statements provide investors with a comprehensive snapshot of the financial position of Alger Midcap Growth at a specified time, usually calculated after every quarter, six months, or one year. Three primary documents fall into the category of financial statements. These documents include Alger Midcap's income statement, its balance sheet, and the statement of cash flows.