Alger Mutual Fund Manager Performance Evaluation

ASMZX -  USA Fund  

USD 26.53  0.14  0.52%

The fund shows a Beta (market volatility) of 0.7543, which signifies possible diversification benefits within a given portfolio. Let's try to break down what Alger's beta means in this case. As returns on the market increase, Alger Weatherbie returns are expected to increase less than the market. However, during the bear market, the loss on holding Alger Weatherbie will be expected to be smaller as well. Although it is extremely important to respect Alger Weatherbie Spe historical returns, it is better to be realistic regarding the information on equity current trending patterns. The philosophy in foreseeing future performance of any fund is to evaluate the business as a whole together with its past performance, including all available fundamental and technical indicators. By analyzing Alger Weatherbie Spe technical indicators, you can presently evaluate if the expected return of 0.13% will be sustainable into the future.

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 Alger Performance
9 of 100
Compared to the overall equity markets, risk-adjusted returns on investments in Alger Weatherbie Specialized are ranked lower than 9 (%) of all funds and portfolios of funds over the last 90 days. In spite of fairly weak basic indicators, Alger Weatherbie may actually be approaching a critical reversion point that can send shares even higher in October 2021.
Fifty Two Week Low17.67
Fifty Two Week High26.39
Annual Report Expense Ratio0.94%

Alger Weatherbie Relative Risk vs. Return Landscape

If you would invest  2,454  in Alger Weatherbie Specialized on June 30, 2021 and sell it today you would earn a total of  199.00  from holding Alger Weatherbie Specialized or generate 8.11% return on investment over 90 days. Alger Weatherbie Specialized is currently producing 0.1312% returns and takes up 1.0475% volatility of returns over 90 trading days. Put another way, 8% 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.
 Daily Expected Return (%) 
      Risk (%) 
Assuming the 90 days horizon Alger Weatherbie is expected to generate 1.46 times more return on investment than the market. However, the company is 1.46 times more volatile than its market benchmark. It trades about 0.13 of its potential returns per unit of risk. The DOW is currently generating roughly -0.01 per unit of risk.

Alger Weatherbie Current Valuation

Fairly Valued
Today
26.53
28th of September 2021
Share
Please note that Alger Weatherbie's price fluctuation is very steady at this time.
Alger Weatherbie Spe shows a prevailing Real Value of $27.05 per share. The current price of the fund is $26.53. At this time, the entity appears to be fairly valued. We determine the value of Alger Weatherbie Spe from analyzing fund fundamentals and technical indicators as well as its Probability Of Bankruptcy. In general, we favor acquiring undervalued instruments and dropping overvalued instruments since, at some point, stock prices and their ongoing real values will blend.
Our valuation method for Alger Weatherbie Specialized 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 Weatherbie. Since Alger Weatherbie is currently traded on the exchange, buyers and sellers on that exchange determine the market value of Alger Mutual Fund. However, Alger Weatherbie'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.
27.05
Real Value
28.10
Upside
Estimating the potential upside or downside of Alger Weatherbie Specialized 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 Weatherbie more accurately as focusing exclusively on Alger Weatherbie's fundamentals will not take into account other important factors:
Bollinger
Band Projection (param)
LowerMiddle BandUpper
24.5826.1027.62
Details
Hype
Prediction
LowEstimated ValueHigh
25.4826.5327.58
Details
Potential
Annual Dividend
LowIncome Per ShareHigh
0.500.510.52
Details

Alger Weatherbie Market Risk Analysis

Today, many novice investors tend to focus exclusively on investment returns with little concern for Alger Weatherbie's investment risk. Standard deviation is the most common way to measure market volatility of mutual funds, such as Alger Weatherbie Specialized, and traders can use it to determine the average amount a Alger Weatherbie'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 = 0.1253

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Estimated Market Risk
 1.05
  actual daily
 
 8 %
of total potential
 
88
Expected Return
 0.13
  actual daily
 
 2 %
of total potential
 
22
Risk-Adjusted Return
 0.13
  actual daily
 
 9 %
of total potential
 
99
Based on monthly moving average Alger Weatherbie is performing at about 9% 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 Weatherbie by adding it to a well-diversified portfolio.

About Alger Weatherbie Performance

To evaluate Alger Weatherbie Spe 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 Weatherbie 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 Weatherbie Spe stock market performance in a much more refined way. At Macroaxis, we take it even further. 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.
Under normal circumstances, the fund invests at least 80 percent of its net assets, plus any borrowings for investment purposes, in equity securities of smallcap and midcap companies. Alger Weatherbie is traded on NASDAQ Exchange in the United States.

Things to note about Alger Weatherbie Spe

Checking the ongoing alerts about Alger Weatherbie for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for Alger Weatherbie Spe help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.

Alger Weatherbie Alerts

Equity Alerts and Improvement Suggestions

Alger Weatherbie Spe is unlikely to experience financial distress in the next 2 years
The fund holds 98.1% of its assets under management (AUM) in equities
Please continue to Trending Equities. Note that the Alger Weatherbie Spe information on this page should be used as a complementary analysis to other Alger Weatherbie'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 Insider Screener module to find insiders across different sectors to evaluate their impact on performance.

Complementary Tools for Alger Mutual Fund analysis

When running Alger Weatherbie Spe price analysis, check to measure Alger Weatherbie'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 Weatherbie is operating at the current time. Most of Alger Weatherbie's value examination focuses on studying past and present price action to predict the probability of Alger Weatherbie's future price movements. You can analyze the entity against its peers and financial market as a whole to determine factors that move Alger Weatherbie's price. Additionally, you may evaluate how the addition of Alger Weatherbie to your portfolios can decrease your overall portfolio volatility.
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Please note, there is a significant difference between Alger Weatherbie's value and its price as these two are different measures arrived at by different means. Investors typically determine Alger Weatherbie value by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Alger Weatherbie'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.