Alger Mid Three Year Return vs. Equity Positions Weight
| AMGOX Fund | USD 17.74 0.13 0.73% |
For Alger Mid profitability analysis, we use financial ratios and fundamental drivers that measure the ability of Alger Mid to generate income relative to revenue, assets, operating costs, and current equity. These fundamental indicators attest to how well Alger Mid Cap utilizes its assets to generate profit and value for its shareholders. The profitability module also shows relationships between Alger Mid's most relevant fundamental drivers. It provides multiple suggestions of what could affect the performance of Alger Mid Cap over time as well as its relative position and ranking within its peers.
Alger |
Alger Mid Cap Equity Positions Weight vs. Three Year Return Fundamental Analysis
Comparative valuation techniques use various fundamental indicators to help in determining Alger Mid's current stock value. Our valuation model uses many indicators to compare Alger Mid value to that of its competitors to determine the firm's financial worth. Alger Mid Cap is the top fund in three year return among similar funds. It is the top fund in equity positions weight among similar funds . Comparative valuation analysis is a catch-all model that can be used if you cannot value Alger Mid by discounting back its dividends or cash flows. This model doesn't attempt to find an intrinsic value for Alger Mid'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 Mid's earnings, one of the primary drivers of an investment's value.Alger Equity Positions Weight vs. Three Year Return
Tree Year Return shows the total annualized return generated from holding a fund or ETFs for the last three years. The return measure includes capital appreciation, losses, dividends paid, and all capital gains distributions. This return indicator is considered by many investors to be solid measures of fund mid-term performance.
Alger Mid |
| = | (5.02) % |
Although Three Year Fund Return indicator can give a sense of overall fund mid-term potential, it is recommended to compare fund performances against other similar funds, ETFs, or market benchmarks for the same 3 year interval.
Percentage of fund asset invested in equity instruments. About 80% of global funds and ETFs carry equity instruments on their balance sheet.
Alger Mid |
| = | 98.90 % |
Funds with most asset allocated to stocks can be subclassified into many different categories such as market capitalization or investment style.
Alger Equity Positions Weight Comparison
Alger Mid is currently under evaluation in equity positions weight among similar funds.
Alger Mid Profitability Projections
The most important aspect of a successful company is its ability to generate a profit. For investors in Alger Mid, profitability is also one of the essential criteria for including it into their portfolios because, without profit, Alger Mid will eventually generate negative long term returns. The profitability progress is the general direction of Alger Mid's change in net profit over the period of time. It can combine multiple indicators of Alger Mid, where stable trends show no significant progress. An accelerating trend is seen as positive, while a decreasing one is unfavorable. A rising trend means that profits are rising, and operational efficiency may be rising as well. A decreasing trend is a sign of poor performance and may indicate upcoming losses.
The advisor focuses on mid-sized companies that the advisor believes demonstrate promising growth potential. Under normal circumstances, it 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.
Alger Profitability Driver Comparison
Profitability drivers are factors that can directly affect your investment outlook on Alger Mid. Investors often realize that things won't turn out the way they predict. There are maybe way too many unforeseen events and contingencies during the holding period of Alger Mid position where the market behavior may be hard to predict, tax policy changes, gold or oil price hikes, calamities change, and many others. The question is, are you prepared for these unexpected events? Although some of these situations are obviously beyond your control, you can still follow the important profit indicators to know where you should focus on when things like this occur. Below are some of the Alger Mid's important profitability drivers and their relationship over time.
Use Alger Mid in pair-trading
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 Mid 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 Mid will appreciate offsetting losses from the drop in the long position's value.Alger Mid Pair Trading
Alger Mid Cap Pair Trading Analysis
The ability to find closely correlated positions to Alger Mid 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 Mid 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 Mid - 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 Mid Cap to buy it.
The correlation of Alger Mid 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 Mid moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Alger Mid Cap 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 Mid 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.Use Investing Themes to Complement your Alger Mid position
In addition to having Alger Mid in your portfolios, you can quickly add positions using our predefined set of ideas and optimize them against your very unique investing style. A single investing idea is a collection of funds, stocks, ETFs, or cryptocurrencies that are programmatically selected from a pull of investment themes. After you determine your investment opportunity, you can then find an optimal portfolio that will maximize potential returns on the chosen idea or minimize its exposure to market volatility.Did You Try This Idea?
Run Climate Change Thematic Idea Now
Climate Change
Large and medium sized entities that are committing to fully or partially replace some traditional services or products with renewables sources of energy in order to combat global climate change. The Climate Change theme has 41 constituents at this time.
You can either use a buy-and-hold strategy to lock in the entire theme or actively trade it to take advantage of the short-term price volatility of individual constituents. Macroaxis can help you discover thousands of investment opportunities in different asset classes. In addition, you can partner with us for reliable portfolio optimization as you plan to utilize Climate Change Theme or any other thematic opportunities.
| View All Next | Launch |
Check out Trending Equities. You can also try the Equity Search module to search for actively traded equities including funds and ETFs from over 30 global markets.
To fully project Alger Mid's future profitability, investors should examine all historical financial statements. These statements provide investors with a comprehensive snapshot of the financial position of Alger Mid Cap at a specified time, usually calculated after every quarter, six months, or one year. Three primary documents fall into the category of financial statements. These documents include Alger Mid's income statement, its balance sheet, and the statement of cash flows.