Alger Midcap Financial Statements From 2010 to 2024
| AMGCX Fund | USD 7.89 0.01 0.13% |
Check Alger Midcap financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among Alger main balance sheet or income statement drivers, such as , as well as many exotic indicators such as . Alger financial statements analysis is a perfect complement when working with Alger Midcap Valuation or Volatility modules.
Alger |
Alger Midcap Growth Mutual Fund One Year Return Analysis
Alger Midcap's One Year Return is the annualized return generated from holding a security for exactly 12 months. The measure is considered to be good short-term measures of fund performance. In other words, it represents the capital appreciation of fund investments over the last year. However when the market is volatile such as in recent years, One Year Return measure can be misleading.
More About One Year Return | All Equity Analysis
One Year Return | = | (Mean of Monthly Returns - 1) | X | 100% |
Current Alger Midcap One Year Return | 13.99 % |
Most of Alger Midcap's fundamental indicators, such as One Year Return, are part of a valuation analysis module that helps investors searching for stocks that are currently trading at higher or lower prices than their real value. If the real value is higher than the market price, Alger Midcap Growth is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.
Although One Year Fund Return indicator can give a sense of overall fund short-term potential, it is recommended to look at mid and long term return measure before selecting a particular fund or ETF. The great way to validate fund short-term performance is to compare it with other similar funds or ETFs for the same 12 months interval.
| Competition |
Based on the recorded statements, Alger Midcap Growth has an One Year Return of 13.9881%. This is much higher than that of the Alger family and significantly higher than that of the Mid-Cap Growth category. The one year return for all United States funds is notably lower than that of the firm.
Alger Midcap Growth Fundamental Drivers 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 the top 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.About Alger Midcap Financial Statements
There are typically three primary documents that fall into the category of financial statements. These documents include Alger Midcap income statement, its balance sheet, and the statement of cash flows. Alger Midcap investors use historical funamental indicators, such as Alger Midcap's revenue or net income, to determine how well the company is positioned to perform in the future. Although Alger Midcap investors may use each financial statement separately, they are all related. The changes in Alger Midcap's assets and liabilities, for example, are also reflected in the revenues and expenses that we see on Alger Midcap's income statement, which results in the company's gains or losses. Cash flows can provide more information regarding cash listed on a balance sheet, but not equivalent to net income shown on the income statement. We offer a historical overview of the basic patterns found on Alger Midcap Financial Statements. Understanding these patterns can help to make the right decision on long term investment in Alger Midcap. Please read more on our technical analysis and fundamental analysis pages.
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.
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards Alger Midcap in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, Alger Midcap's short interest history, or implied volatility extrapolated from Alger Midcap options trading.
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
| 0.92 | AMGAX | Alger Midcap Growth | PairCorr |
| 1.0 | AMGOX | Alger Mid Cap | PairCorr |
| 0.82 | 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 the analysis of Alger Midcap Correlation against competitors. 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 Idea Breakdown module to analyze constituents of all Macroaxis ideas. Macroaxis investment ideas are predefined, sector-focused investing themes.