Alger Capital Appreciation Fund Manager Performance Evaluation
| ACAYX Fund | USD 36.27 0.13 2.57% |
The fund shows a Beta (market volatility) of 1.52, which signifies a somewhat significant risk relative to the market. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, Alger Capital will likely underperform.
Risk-Adjusted Performance
29 of 100
Weak | Strong |
Strong
Compared to the overall equity markets, risk-adjusted returns on investments in Alger Capital Appreciation are ranked lower than 29 (%) of all funds and portfolios of funds over the last 90 days. In spite of fairly weak basic indicators, Alger Capital showed solid returns over the last few months and may actually be approaching a breakup point.
...more| Expense Ratio | 0.8300 |
Alger |
Alger Capital Relative Risk vs. Return Landscape
If you would invest 3,816 in Alger Capital Appreciation on February 21, 2024 and sell it today you would earn a total of 339.00 from holding Alger Capital Appreciation or generate 8.88% return on investment over 90 days. Alger Capital Appreciation is currently producing 0.4117% returns and takes up 1.0888% volatility of returns over 90 trading days. Put another way, 9% of traded mutual funds are less volatile than Alger, and 92% of all traded equity instruments are likely to generate higher returns over the next 90 trading days. Expected Return |
| Risk |
Alger Capital Current Valuation
Fairly Valued
Today
Please note that Alger Capital's price fluctuation is very steady at this time. At this time, the entity appears to be fairly valued. Alger Capital Apprec shows a prevailing Real Value of $41.22 per share. The current price of the fund is $41.55. We determine the value of Alger Capital Apprec from analyzing fund fundamentals and technical indicators as well as its Probability Of Bankruptcy. In general, we favor acquiring undervalued mutual funds and dropping overvalued mutual funds since, at some point, mutual fund prices and their ongoing real values will blend.
Our valuation method for Alger Capital Appreciation is useful when determining the fair value of the Alger mutual fund, which is usually determined by what a typical buyer is willing to pay for full or partial control of Alger Capital. Since Alger Capital is currently traded on the exchange, buyers and sellers on that exchange determine the market value of Alger Mutual Fund. However, Alger Capital's intrinsic value may or may not be the same as its current market price, in which case there is an opportunity to profit from the mispricing, assuming the market price will eventually merge with its intrinsic value. | Historical | Market 41.55 | Real 41.22 | Hype 41.55 |
The real value of Alger Mutual Fund, also known as its intrinsic value, is the underlying worth of Alger Capital Apprec Mutual Fund, which is reflected in its stock price. It is based on Alger Capital's financial performance, assets, liabilities, growth prospects, management team, or industry conditions. The intrinsic value of Alger Capital's stock can be calculated using various methods such as discounted cash flow analysis, price-to-earnings ratio, or price-to-book ratio. That value may differ from its current market price, which is determined by supply and demand factors such as investor sentiment, market trends, news, and other external factors that may influence Alger Capital's stock price. It is important to note that the real value of any stock may change over time based on changes in the company's performance.
Estimating the potential upside or downside of Alger Capital Appreciation helps investors to forecast how Alger mutual fund's addition to their portfolios will impact the overall performance. We also use other valuation drivers to help us estimate the true value of Alger Capital more accurately as focusing exclusively on Alger Capital's fundamentals will not take into account other important factors: Alger Capital Market Risk Analysis
Today, many novice investors tend to focus exclusively on investment returns with little concern for Alger Capital's investment risk. Standard deviation is the most common way to measure market volatility of mutual funds, such as Alger Capital Appreciation, and traders can use it to determine the average amount a Alger Capital's price has deviated from the expected return over a period of time. It is calculated by determining the expected price for the established period and then subtracting this figure from each price point. The differences are then squared, summed, and averaged to produce the variance.
Sharpe Ratio = 0.3781
| Best Portfolio | Best Equity | |||
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| Small Returns | ACAYX | |||
| Cash | Small Risk | Average Risk | High Risk | Huge Risk |
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Estimated Market Risk
| 1.09 actual daily | 9 91% of assets are more volatile |
Expected Return
| 0.41 actual daily | 8 92% of assets have higher returns |
Risk-Adjusted Return
| 0.38 actual daily | 29 71% of assets perform better |
Based on monthly moving average Alger Capital is performing at about 29% of its full potential. If added to a well diversified portfolio the total return can be enhanced and market risk can be reduced. You can increase risk-adjusted return of Alger Capital by adding it to a well-diversified portfolio.
Alger Capital Fundamentals Growth
Alger Mutual Fund prices reflect investors' perceptions of the future prospects and financial health of Alger Capital, and Alger Capital fundamentals are critical determinants of its market performance. Overall, investors pay close attention to revenue and earnings growth, profit margins, and debt levels. These fundamentals can have a significant impact on Alger Mutual Fund performance.
| Price To Earning | 1.73 X | |||
| Total Asset | 2.62 B | |||
About Alger Capital Performance
To evaluate Alger Capital Apprec Mutual Fund as a possible investment, you need to clearly understand its upside potential, downside risk, and overall future performance outlook. You may be satisfied when Alger Capital generates a 15% return over the last few months, but what if the market is generating 25% over the same period? In this case, it makes sense to compare Alger Mutual Fund's performance with different market indexes, such as the Dow or NASDAQ Composite. These indexes can act as benchmarks that will help you to understand Alger Capital Apprec market performance in a much more refined way. The Macroaxis performance score is an integer between 0 and 100 that represents Alger's market performance from a risk-adjusted return perspective. Generally speaking, the higher the score, the better is overall performance as compared to other investors. The score is normalized against the average investing universe (the best we can interpret from the data available). Within this methodology, scores of individual equity instruments will always be inferior to the scores of portfolios of equities as portfolios typically diversify a lot of unsystematic risks away. The formula to derive the Macroaxis score bases on multiple unequally-weighted factors. For more information, refer to our portfolio performance evaluation section.
Please also refer to our technical analysis and fundamental analysis pages.The fund normally invests at least 85 percent of its net assets, plus any borrowings for investment purposes, in equity securities of companies of any market capitalization that the manager believes demonstrate promising growth potential. Alger Capital is traded on NASDAQ Exchange in the United States.Things to note about Alger Capital Apprec performance evaluation
Checking the ongoing alerts about Alger Capital for important developments is a great way to find new opportunities for your next move. Mutual Fund alerts and notifications screener for Alger Capital Apprec help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.| The fund holds 98.99% of its assets under management (AUM) in equities |
- Analyzing Alger Capital's financial statements, including its income statement, balance sheet, and cash flow statement, helps in understanding its overall financial health and growth potential.
- Getting a closer look at valuation ratios like price-to-earnings (P/E) ratio, price-to-sales (P/S) ratio, and price-to-book (P/B) ratio help in understanding whether Alger Capital's stock is overvalued or undervalued compared to its peers.
- Examining Alger Capital's industry or sector and how it is performing can give you an idea of its growth potential and how it is positioned relative to its competitors.
- Evaluating Alger Capital's management team can have a significant impact on its success or failure. Reviewing the track record and experience of Alger Capital's management team can help you assess the Mutual Fund's leadership.
- Pay attention to analyst opinions and ratings of Alger Capital's mutual fund. These opinions can provide insight into Alger Capital's potential for growth and whether the stock is currently undervalued or overvalued.
Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Alger Capital Appreciation. 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 manufacturing. You can also try the Financial Widgets module to easily integrated Macroaxis content with over 30 different plug-and-play financial widgets.