Alger Mid Buy Hold or Sell Recommendation

AMGAX -- USA Fund  

USD 14.50  0.28  1.89%

Assuming 30 trading days horizon, and your above average risk tolerance our recommendation regarding Alger Mid Cap Growth A is 'Hold'. Macroaxis provides Alger Mid buy hold or sell recommendation only in the context of selected investment horizon and investor attitude towards risk assumed by holding AMGAX positions. The advice algorithm takes into account all of Alger Mid Cap available fundamental, technical, and predictive indicators you will find on this site. The advice is provided from AMGAX buy-and-hold prospective. Check also Alger Mid Analyst Recommendation to compare Macroaxis Buy or Sell Recommendation with the current analyst consensus. To check ratings for muliple equity instruments please use Instant Ratings tool.

Time Horizon

Risk Tolerance

Symbol
Execute Advice
Sell Alger MidBuy Alger Mid
Hold

Hype Condition

Current Valuation

Odds of Distress

Economic Sensitivity

Analyst Consensus

Not Available
For the selected time horizon Alger Mid Cap Growth A has a risk adjusted performance of 0.22, jensen alpha of 0.27, total risk alpha of 0.11, sortino ratio of 0.0 and treynor ratio of 0.41
This buy or sell advice tool can be used to cross verify current analyst consensus on Alger Mid Cap and to analyze the fund potential to grow in the current economic cycle. Use Alger Mid Cap Price to Sales, Five Year Return as well as the relationship between Five Year Return and Equity Positions Weight to make sure your buy or sell decision on Alger Mid Cap is adequate.

Alger Mid Returns Distribution Density

Mean Return0.45Value At Risk4.43
Potential Upside2.81Standard Deviation2.19
 Return Density 
      Distribution 

Alger Mid Greeks

α
Alpha over DOW
=0.27
β
Beta against DOW=1.11
σ
Overall volatility
=2.24
Ir
Information ratio =0.13

Alger Mid Volatility Alert

Alger Mid Cap Growth A exhibits very low volatility with skewness of -0.46 and kurtosis of -0.29. However, we advise investors to further study Alger Mid Cap Growth A technical indicators to make sure all market info is available and is reliable.
    
 Better Than Average     
    
 Worse Than Average Compare Alger Mid to competition

Alger Mid Fundamental Vs Peers

FundamentalsAlger MidPeer Average
Price to Earning20.97 times7.60 times
Price to Book3.70 times1.04 times
Price to Sales2.13 times1.03 times
One Year Return(7.67) % 2.30 %
Three Year Return21.05 % 3.97 %
Five Year Return(2.12) % 1.27 %
Ten Year Return2.77 % 1.17 %
Net Asset203.08 M1.37 B
Minimum Initial Investment1 K8.09 M
Cash Position Weight0.96 % 14.48 %
Equity Positions Weight96.90 % 40.68 %

Alger Mid Alerts

Trading Alerts and Improvement Suggestions

Alger Mid Cap generates negative expected return over the last 30 days
Latest headline from MacroaxisInsider: Exercise or conversion by Burkett Marvin D of 325000 shares of NVIDIA subject to Rule 16b-3
The fund generated five year return of -2.0%
Alger Mid Cap Growth A holds 96.9% of its assets under management (AUM) in equities
Check also Alger Mid Analyst Recommendation to compare Macroaxis Buy or Sell Recommendation with the current analyst consensus. To check ratings for muliple equity instruments please use Instant Ratings tool. Please also try Price Transformation module to use price transformation models to analyze depth of different equity instruments across global markets.
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