Alger Smidcap Financials
| ASMZX Fund | USD 13.31 0.20 1.53% |
Alger |
Please note that past performance is not an indicator of the future performance of Alger Smidcap, 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 Smidcap Fund Summary
Alger Smidcap competes with Fidelity Advisor, HUMANA, Morningstar Unconstrained, High Yield, and Thrivent High. 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.Specialization | Small Growth, Large |
| Instrument | USA Mutual Fund View All |
| Exchange | NMFQS Exchange |
| Business Address | Alger Funds |
| Mutual Fund Family | Alger |
| Mutual Fund Category | Small Growth |
| Benchmark | NYSE Composite |
| Phone | 800 992 3362 |
| Currency | USD - US Dollar |
Alger Financial Ratios 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.Alger Smidcap Focus Systematic Risk
Alger Smidcap's systematic risk plays a vital role in portfolio allocation when considering its stock to be added to a well-diversified portfolio. Alger Smidcap 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 thirty with a total number of output elements of thirty-one. The Beta measures systematic risk based on how returns on Alger Smidcap Focus correlated with the market. If Beta is less than 0 Alger Smidcap generally moves in the opposite direction as compared to the market. If Alger Smidcap Beta is about zero movement of price series is uncorrelated with the movement of the benchmark. if Beta is between zero and one Alger Smidcap Focus is generally moves in the same direction as, but less than the movement of the market. For Beta = 1 movement of Alger Smidcap is generally in the same direction as the market. If Beta > 1 Alger Smidcap moves generally in the same direction as, but more than the movement of the benchmark.
Alger Smidcap April 24, 2024 Opportunity Range
Along with financial statement analysis, the daily predictive indicators of Alger Smidcap help investors to analyze its daily demand and supply, volume, patterns, and price swings to determine the real value of Alger Smidcap Focus. We use our internally-developed statistical techniques to arrive at the intrinsic value of Alger Smidcap Focus 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 Smidcap's daily price indicators and compare them against related drivers.
| Downside Deviation | 1.47 | |||
| Information Ratio | (0.05) | |||
| Maximum Drawdown | 6.86 | |||
| Value At Risk | (2.01) | |||
| Potential Upside | 2.13 |
Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Alger Smidcap Focus. 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 nation. 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 Share Portfolio module to track or share privately all of your investments from the convenience of any device.