Alger Smidcap Financial Statements From 2010 to 2024
| ASMZX Fund | USD 13.30 0.01 0.08% |
Check Alger Smidcap 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 Smidcap Valuation or Volatility modules.
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Alger Smidcap Focus Mutual Fund One Year Return Analysis
Alger Smidcap'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 Smidcap One Year Return | 2.87 % |
Most of Alger Smidcap'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 Smidcap Focus 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.
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Based on the recorded statements, Alger Smidcap Focus has an One Year Return of 2.8685%. This is much higher than that of the Alger family and significantly higher than that of the Small Growth category. The one year return for all United States funds is notably lower than that of the firm.
Alger Smidcap Focus Fundamental Drivers Relationships
Comparative valuation techniques use various fundamental indicators to help in determining Alger Smidcap's current stock value. Our valuation model uses many indicators to compare Alger Smidcap value to that of its competitors to determine the firm's financial worth. You can analyze the relationship between different fundamental ratios across Alger Smidcap competition to find correlations between indicators driving Alger Smidcap's intrinsic value. More Info.Alger Smidcap Focus 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 1.82 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 Smidcap by discounting back its dividends or cash flows. This model doesn't attempt to find an intrinsic value for Alger Smidcap'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 Smidcap's earnings, one of the primary drivers of an investment's value.About Alger Smidcap Financial Statements
There are typically three primary documents that fall into the category of financial statements. These documents include Alger Smidcap income statement, its balance sheet, and the statement of cash flows. Alger Smidcap investors use historical funamental indicators, such as Alger Smidcap's revenue or net income, to determine how well the company is positioned to perform in the future. Although Alger Smidcap investors may use each financial statement separately, they are all related. The changes in Alger Smidcap's assets and liabilities, for example, are also reflected in the revenues and expenses that we see on Alger Smidcap'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 Smidcap Financial Statements. Understanding these patterns can help to make the right decision on long term investment in Alger Smidcap. 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, plus any borrowings for investment purposes, in equity securities of smallcap and midcap companies. Equity securities include common or preferred stocks that are listed on U.S. or foreign exchanges. Smallcap or midcap companies are companies that, at the time of purchase, have total market capitalization within the range of companies included in the Russell 2500 Growth Index or the Russell Midcap Growth Index, respectively, as reported by the indexes as of the most recent quarter-end.
Pair Trading with Alger Smidcap
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 Smidcap 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 Smidcap will appreciate offsetting losses from the drop in the long position's value.Moving together with Alger Mutual Fund
| 0.71 | AMGAX | Alger Midcap Growth | PairCorr |
| 0.72 | AMGCX | Alger Midcap Growth | PairCorr |
| 0.93 | AOFAX | Alger Small Cap | PairCorr |
| 0.63 | CHUSX | Alger Global Growth | PairCorr |
The ability to find closely correlated positions to Alger Smidcap 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 Smidcap 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 Smidcap - 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 Smidcap Focus to buy it.
The correlation of Alger Smidcap 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 Smidcap moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Alger Smidcap Focus 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 Smidcap 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 Smidcap Correlation against competitors. Note that the Alger Smidcap Focus information on this page should be used as a complementary analysis to other Alger Smidcap'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 Stock Tickers module to use high-impact, comprehensive, and customizable stock tickers that can be easily integrated to any websites.