Alger Spectra Fund Equity Positions Weight
| ASPCX Fund | USD 18.53 0.23 1.23% |
Alger Spectra Fund fundamentals help investors to digest information that contributes to Alger Spectra's financial success or failures. It also enables traders to predict the movement of Alger Mutual Fund. The fundamental analysis module provides a way to measure Alger Spectra's intrinsic value by examining its available economic and financial indicators, including the cash flow records, the balance sheet account changes, the income statement patterns, and various microeconomic indicators and financial ratios related to Alger Spectra mutual fund.
Alger |
Alger Spectra Fund Mutual Fund Equity Positions Weight Analysis
Alger Spectra's Percentage of fund asset invested in equity instruments. About 80% of global funds and ETFs carry equity instruments on their balance sheet.
More About Equity Positions Weight | All Equity Analysis
Stock Percentage | = | % of Equities | in the fund |
Current Alger Spectra Equity Positions Weight | 101.76 % |
Most of Alger Spectra's fundamental indicators, such as Equity Positions Weight, 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 Spectra Fund is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.
Funds with most asset allocated to stocks can be subclassified into many different categories such as market capitalization or investment style.
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According to the company disclosure, Alger Spectra Fund has an Equity Positions Weight of 101%. This is much higher than that of the Alger family and significantly higher than that of the Large Growth category. The equity positions weight for all United States funds is notably lower than that of the firm.
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Fund Asset Allocation for Alger Spectra
The fund invests 101.76% of asset under management in tradable equity instruments, with the rest of investments concentrated in .Asset allocation divides Alger Spectra's investment portfolio among different asset categories to balance risk and reward by investing in a diversified mix of instruments that align with the investor's goals, risk tolerance, and time horizon. Mutual funds, which pool money from multiple investors to buy a diversified portfolio of securities, use asset allocation strategies to manage the risk and return of their portfolios.
Mutual funds allocate their assets by investing in a diversified portfolio of securities, such as stocks, bonds, cryptocurrencies and cash. The specific mix of these securities is determined by the fund's investment objective and strategy. For example, a stock mutual fund may invest primarily in equities, while a bond mutual fund may invest mainly in fixed-income securities. The fund's manager, responsible for making investment decisions, will buy and sell securities in the fund's portfolio as market conditions and the fund's objectives change.
Alger Fundamentals
| Price To Earning | 23.80 X | |||
| Price To Book | 3.86 X | |||
| Price To Sales | 2.73 X | |||
| Total Asset | 213.58 M | |||
| Year To Date Return | 14.46 % | |||
| One Year Return | 41.80 % | |||
| Three Year Return | 0.56 % | |||
| Five Year Return | 11.20 % | |||
| Ten Year Return | 14.68 % | |||
| Net Asset | 3.14 B | |||
| Cash Position Weight | (1.64) % | |||
| Equity Positions Weight | 101.76 % |
About Alger Spectra Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze Alger Spectra Fund's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Alger Spectra using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Alger Spectra Fund based on its fundamental data. In general, a quantitative approach, as applied to this mutual fund, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.
Please read more on our fundamental analysis page.
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 Spectra 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 Spectra's short interest history, or implied volatility extrapolated from Alger Spectra options trading.
Pair Trading with Alger Spectra
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 Spectra 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 Spectra will appreciate offsetting losses from the drop in the long position's value.Moving together with Alger Mutual Fund
| 0.98 | AMGAX | Alger Midcap Growth | PairCorr |
| 0.98 | AMGCX | Alger Midcap Growth | PairCorr |
| 0.98 | AMGOX | Alger Mid Cap | PairCorr |
| 0.85 | AOFYX | Alger Small Cap | PairCorr |
| 0.85 | AOFIX | Alger Small Cap | PairCorr |
The ability to find closely correlated positions to Alger Spectra 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 Spectra 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 Spectra - 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 Spectra Fund to buy it.
The correlation of Alger Spectra 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 Spectra moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Alger Spectra 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 Spectra 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 Trending Equities to better understand how to build diversified portfolios, which includes a position in Alger Spectra Fund. 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 main economic indicators. Note that the Alger Spectra information on this page should be used as a complementary analysis to other Alger Spectra'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 Equity Analysis module to research over 250,000 global equities including funds, stocks and ETFs to find investment opportunities.