Alger Dynamic Opportunities Fund Manager Performance Evaluation

ADOZX Fund  USD 19.39  0.01  0.05%   
The fund shows a Beta (market volatility) of 0.57, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, Alger Dynamic's returns are expected to increase less than the market. However, during the bear market, the loss of holding Alger Dynamic is expected to be smaller as well.

Risk-Adjusted Performance

17 of 100

 
Low
 
High
Solid
Compared to the overall equity markets, risk-adjusted returns on investments in Alger Dynamic Opportunities are ranked lower than 17 (%) of all funds and portfolios of funds over the last 90 days. In spite of fairly fragile basic indicators, Alger Dynamic may actually be approaching a critical reversion point that can send shares even higher in April 2024.
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Expense Ratio Date6th of April 2023
Expense Ratio1.7300
  

Alger Dynamic Relative Risk vs. Return Landscape

If you would invest  1,774  in Alger Dynamic Opportunities on December 29, 2023 and sell it today you would earn a total of  165.00  from holding Alger Dynamic Opportunities or generate 9.3% return on investment over 90 days. Alger Dynamic Opportunities is currently producing 0.1457% returns and takes up 0.6591% volatility of returns over 90 trading days. Put another way, 5% of traded mutual funds are less volatile than Alger, and 98% of all traded equity instruments are likely to generate higher returns over the next 90 trading days.
  Expected Return   
       Risk  
Assuming the 90 days horizon Alger Dynamic is expected to generate 1.15 times more return on investment than the market. However, the company is 1.15 times more volatile than its market benchmark. It trades about 0.22 of its potential returns per unit of risk. The NYSE Composite is currently generating roughly 0.23 per unit of risk.

Alger Dynamic Current Valuation

Fairly Valued
Today
19.39
Please note that Alger Dynamic's price fluctuation is very steady at this time. At this time, the entity appears to be fairly valued. Alger Dynamic Opport shows a prevailing Real Value of $19.61 per share. The current price of the fund is $19.39. We determine the value of Alger Dynamic Opport 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 Dynamic Opportunities 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 Dynamic. Since Alger Dynamic is currently traded on the exchange, buyers and sellers on that exchange determine the market value of Alger Mutual Fund. However, Alger Dynamic'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  19.39 Real  19.61 Hype  19.39 Naive  19.45
The real value of Alger Mutual Fund, also known as its intrinsic value, is the underlying worth of Alger Dynamic Opport Mutual Fund, which is reflected in its stock price. It is based on Alger Dynamic's financial performance, assets, liabilities, growth prospects, management team, or industry conditions. The intrinsic value of Alger Dynamic'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 Dynamic'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.
19.61
Real Value
20.27
Upside
Estimating the potential upside or downside of Alger Dynamic Opportunities 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 Dynamic more accurately as focusing exclusively on Alger Dynamic's fundamentals will not take into account other important factors:
Bollinger
Band Projection (param)
LowerMiddle BandUpper
19.3819.3919.40
Details
Hype
Prediction
LowEstimatedHigh
18.7319.3920.05
Details
Naive
Forecast
LowNext ValueHigh
18.8019.4520.11
Details

Alger Dynamic Market Risk Analysis

Today, many novice investors tend to focus exclusively on investment returns with little concern for Alger Dynamic's investment risk. Standard deviation is the most common way to measure market volatility of mutual funds, such as Alger Dynamic Opportunities, and traders can use it to determine the average amount a Alger Dynamic'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 = 0.221

Best PortfolioBest Equity
Good Returns
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Estimated Market Risk

 0.66
  actual daily
5
95% of assets are more volatile

Expected Return

 0.15
  actual daily
2
98% of assets have higher returns

Risk-Adjusted Return

 0.22
  actual daily
17
83% of assets perform better
Based on monthly moving average Alger Dynamic is performing at about 17% 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 Dynamic by adding it to a well-diversified portfolio.

Alger Dynamic Fundamentals Growth

Alger Mutual Fund prices reflect investors' perceptions of the future prospects and financial health of Alger Dynamic, and Alger Dynamic 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.

About Alger Dynamic Performance

To evaluate Alger Dynamic Opport 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 Dynamic 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 Dynamic Opport 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 invests in a portfolio of U.S. and foreign equity securities . It may invest a portion of its assets in securities issued by small capitalization companies. The fund may also invest a portion of its assets in equity securities not listed on an exchange. It can invest in foreign securities.

Things to note about Alger Dynamic Opport performance evaluation

Checking the ongoing alerts about Alger Dynamic for important developments is a great way to find new opportunities for your next move. Mutual Fund alerts and notifications screener for Alger Dynamic Opport 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 about 30.68% of its assets under management (AUM) in cash
Evaluating Alger Dynamic's performance can involve analyzing a variety of financial metrics and factors. Some of the key considerations to evaluate Alger Dynamic's mutual fund performance include:
  • Analyzing Alger Dynamic'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 Dynamic's stock is overvalued or undervalued compared to its peers.
  • Examining Alger Dynamic'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 Dynamic's management team can have a significant impact on its success or failure. Reviewing the track record and experience of Alger Dynamic's management team can help you assess the Mutual Fund's leadership.
  • Pay attention to analyst opinions and ratings of Alger Dynamic's mutual fund. These opinions can provide insight into Alger Dynamic's potential for growth and whether the stock is currently undervalued or overvalued.
It's essential to remember that evaluating Alger Dynamic's mutual fund performance is not an exact science, and many factors can impact Alger Dynamic's mutual fund market price. Therefore, it's also important to diversify your portfolio and not rely solely on one company or stock for your investments.
Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Alger Dynamic Opportunities. 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 Dynamic Opport information on this page should be used as a complementary analysis to other Alger Dynamic'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 Price Ceiling Movement module to calculate and plot Price Ceiling Movement for different equity instruments.

Complementary Tools for Alger Mutual Fund analysis

When running Alger Dynamic's price analysis, check to measure Alger Dynamic's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Alger Dynamic is operating at the current time. Most of Alger Dynamic's value examination focuses on studying past and present price action to predict the probability of Alger Dynamic's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Alger Dynamic's price. Additionally, you may evaluate how the addition of Alger Dynamic to your portfolios can decrease your overall portfolio volatility.
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Please note, there is a significant difference between Alger Dynamic's value and its price as these two are different measures arrived at by different means. Investors typically determine if Alger Dynamic is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Alger Dynamic's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.