Alger Global Competition

AFGZX Fund

USD 34.94 0.17 0.49%

Alger Global Growth competes with Alger Midcap, Alger Midcap, Alger Mid, Alger Small, and Alger Small; as well as few others. The fund is listed under World Large-Stock Growth category and is part of Alger family. Analyzing Alger Global competition allows you to expand the diversification possibilities of your existing portfolios and to get a better perspective on locking in new positions. Investors sometimes prefer comparable analysis of Alger Global to its intrinsic valuation because they are able to contrast its competitors on a relative basis. Check out Alger Global Correlation with its peers.

You can use the Comparative Equity Analysis module to analyze the advantages of investing in your portfolio's related equities across multiple sectors and thematic ideas. Please use the input box below to enter symbols for particular investments you would like to analyze. With the equity comparison module, you can estimate the relative effect of Alger Global competition on your existing holdings.

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Hype

Prediction

Low	Estimated	High
33.74	34.66	35.58

Details

Intrinsic

Valuation

Low	Real	High
31.16	32.08	38.13

Details

Please note, it is not enough to conduct a financial or market analysis of a single entity such as Alger Global. Your research has to be compared to or analyzed against Alger Global's peers to derive any actionable benefits. When done correctly, Alger Global's competitive analysis will give you plenty of quantitative and qualitative data to validate your investment decisions or develop an entirely new strategy toward taking a position in Alger Global Growth.

Alger Global Competition Correlation Matrix

Typically, diversification allows investors to combine positions across different asset classes to reduce overall portfolio risk. Correlation between Alger Global and its competitors represents the degree of relationship between the price movements of corresponding funds. A correlation of about +1.0 implies that the price of ALGER and its corresponding peer move in tandem. A correlation of -1.0 means that prices move in opposite directions. A correlation of close to zero suggests that the price movements of assets are uncorrelated; in other words, the historical price movement of Alger Global Growth does not affect the price movement of the other competitor.

	AMGAX	AMGCX	AMGOX	AOFYX	AOFIX	AOFAX	AAEMX	AAGOX
AMGAX		1.0	0.98	0.97	0.97	0.97	0.13	0.99	AMGAX
AMGCX	1.0		0.98	0.97	0.97	0.97	0.13	0.99	AMGCX
AMGOX	0.98	0.98		0.94	0.94	0.94	0.15	0.97	AMGOX
AOFYX	0.97	0.97	0.94		1.0	1.0	0.05	0.95	AOFYX
AOFIX	0.97	0.97	0.94	1.0		1.0	0.04	0.95	AOFIX
AOFAX	0.97	0.97	0.94	1.0	1.0		0.04	0.95	AOFAX
AAEMX	0.13	0.13	0.15	0.05	0.04	0.04		0.16	AAEMX
AAGOX	0.99	0.99	0.97	0.95	0.95	0.95	0.16		AAGOX
	AMGAX	AMGCX	AMGOX	AOFYX	AOFIX	AOFAX	AAEMX	AAGOX

Click cells to compare fundamentals

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Backtest Portfolio

Risk-Adjusted Indicators

There is a big difference between ALGER Mutual Fund performing well and Alger Global Mutual Fund doing well as a business compared to the competition. There are so many exceptions to the norm that investors cannot definitively determine what's good or bad unless they analyze Alger Global's multiple risk-adjusted performance indicators across the competitive landscape. These indicators are quantitative in nature and help investors forecast volatility and risk-adjusted expected returns across various positions.

	Mean Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
AMGAX	0.77	0.12	0.12	0.23	0.80	(0.90)	2.04	(1.33)	4.71
AMGCX	0.77	0.12	0.11	0.23	0.76	(0.92)	2.00	(1.30)	4.76
AMGOX	0.79	0.24	0.14	1.41	0.77	(0.93)	2.11	(1.34)	4.74
AOFYX	1.12	0.06	0.09	0.16	1.14	(1.26)	2.69	(2.19)	7.50
AOFIX	1.11	0.06	0.09	0.16	1.14	(1.23)	2.67	(2.17)	7.49
AOFAX	1.11	0.06	0.09	0.16	1.14	(1.27)	2.66	(2.18)	7.54
AAEMX	0.66	(0.03)	0.00	0.85	0.00	0.00	1.78	(1.74)	3.98
AAGOX	0.89	0.10	0.06	0.22	1.11	(0.86)	2.39	(2.11)	5.65

Unable to evaluate fundamental data of [AMGAX, AMGCX, AMGOX, AOFYX, AOFIX, AOFAX, AAEMX, AAGOX] at this time. Please try again later

All Fundamental Data

Alger Global Competitive Analysis

The better you understand Alger Global competitors, the better chance you have of utilizing it as a position in your portfolios. From an individual investor's perspective, Alger Global's competitive analysis can cover a whole range of metrics. Some of these will be more critical depending on who you are as an investor and how you react to market volatility. However, if you are locking your investment sandscape to a long-term horizon, comparing the fundamental indicator across Alger Global's competition over several years is one of the best ways to analyze its investment potential.

Better Than Average

Worse Than Peers

View Performance Chart

	AFGZX	AMGAX	AMGCX	AMGOX	AOFYX	AOFIX	AOFAX	AAEMX	AAGOX
	0.49 34.94 ALGER	0.24 16.48 Alger	0.21 9.50 Alger	0.23 21.86 Alger	0.04 22.49 Alger	0.05 21.78 Alger	0.05 21.06 Alger	0.46 10.85 Alger	0.66 89.89 Alger
Market Volatility (90 Days Market Risk)	Very steady	Very steady	Very steady	Very steady	Very steady	Very steady	Very steady	Very steady	Very steady
Market Performance (90 Days Performance)	OK	Solid	Solid	Solid	Good	Good	Good	Very Weak	Solid
Odds of Financial Distress (Probability Of Bankruptcy)	Low	Low	Low	Low	Low	Low	Low	Low	Low
Current Valuation (Equity Enterprise Value)	Over Valued	Under Valued	Under Valued	Under Valued	Under Valued	Under Valued	Under Valued	Over Valued	Under Valued
Buy or Sell Advice (Average Analysts Consensus)	Not Available	Not Available	Not Available	Not Available	Not Available	Not Available	Not Available	Not Available	Not Available
Trade Advice (90 Days Macroaxis Advice)	Strong Sell	Strong Buy	Strong Buy	Strong Buy	Buy	Buy	Buy	Sell	Buy
Price To Sales	2.02	2.13	2.53	2.52	N/A	4.91	5.41	1.37	3.24
Cash Position Weight	1.02	7.29	7.29	0.35	6.62	1.45	6.62	1.97	0.93
Equity Positions Weight	98.97	91.6	91.6	98.9	93.38	98.55	93.38	98.02	98.33
Three Year Return	-0.19	-1.36	-2.16	-1.69	-8.09	-8.38	-8.54	-7.84	3.79
Net Asset	28.42 M	190.85 M	45.35 M	159.89 M	2.31 B	2.31 B	2.15 B	22.95 M	325.19 M
Price To Book	2.41	3.7	3.82	3.99	N/A	4.65	5.0	1.91	3.48
Five Year Return	11.82	12.9	12.0	12.3	2.29	1.96	1.84	3.35	17.87
Year To Date Return	22.09	28.05	27.22	28.96	21.21	20.96	20.92	7.92	43.45
One Year Return	30.35	37.38	36.42	38.67	35.96	35.66	35.48	12.84	49.43
Last Dividend Paid	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	0.15
Ten Year Return	7.06	11.98	11.05	12.2	15.92	15.81	15.64	N/A	13.99
Price To Earning	19.28	2.01	1.18	1.13	N/A	49.96	50.84	15.87	1.41
Daily Balance Of Power	9.2 T	(9,223,372,036,855)	(9,223,372,036,855)	(9,223,372,036,855)	9.2 T	9.2 T	9.2 T	(9,223,372,036,855)	9.2 T
Day Typical Price	34.94	16.48	9.5	21.86	22.49	21.78	21.06	10.85	89.89
Period Momentum Indicator	0.17	(0.04)	(0.02)	(0.05)	0.01	0.01	0.01	(0.05)	0.59
Rate Of Daily Change	1.0	1.0	1.0	1.0	1.0	1.0	1.0	1.0	1.01
Day Median Price	34.94	16.48	9.5	21.86	22.49	21.78	21.06	10.85	89.89
Price Action Indicator	0.085	(0.02)	(0.01)	(0.03)	0.005	0.005	0.005	(0.03)	0.3
Coefficient Of Variation	979.95	405.3	410.1	390.56	584.67	579.48	574.99	(4,286)	561.28
Mean Deviation	0.6699	0.7696	0.7747	0.7882	1.12	1.11	1.11	0.6604	0.8873
Jensen Alpha	0.0875	0.1199	0.1185	0.2361	0.0587	0.0609	0.0628	(0.03)	0.099
Total Risk Alpha	(0.06)	0.0838	0.0817	0.0954	0.0133	0.0156	0.0176	(0.17)	0.0189
Sortino Ratio	(0.04)	0.1163	0.1114	0.1354	0.0909	0.0925	0.0941	N/A	0.0628
Downside Variance	0.9693	1.14	1.23	1.05	1.85	1.85	1.85	N/A	2.32
Standard Deviation	0.9192	1.03	1.03	1.05	1.48	1.47	1.48	0.8944	1.26
Kurtosis	1.38	1.14	1.26	1.04	1.53	1.58	1.57	0.2248	1.32
Potential Upside	1.38	2.04	2.0	2.11	2.69	2.67	2.66	1.78	2.39
Treynor Ratio	(2.69)	0.2341	0.2323	1.41	0.1565	0.1581	0.1592	0.8458	0.2204
Maximum Drawdown	4.16	4.71	4.76	4.74	7.5	7.49	7.54	3.98	5.65
Variance	0.8448	1.05	1.07	1.09	2.18	2.17	2.18	0.8	1.59
Market Risk Adjusted Performance	(2.68)	0.2441	0.2423	1.42	0.1665	0.1681	0.1692	0.8558	0.2304
Risk Adjusted Performance	0.0797	0.1911	0.189	0.1984	0.1355	0.1367	0.1377	(0.02)	0.1401
Skewness	(0.36)	(0.25)	(0.27)	(0.22)	0.2542	0.2477	0.2477	(0.12)	(0.55)
Semi Deviation	0.8806	0.7993	0.7617	0.7748	1.14	1.14	1.14	N/A	1.11
Information Ratio	(0.04)	0.1213	0.1195	0.133	0.0838	0.0853	0.0867	(0.17)	0.076
Value At Risk	(1.57)	(1.33)	(1.30)	(1.34)	(2.19)	(2.17)	(2.18)	(1.74)	(2.11)
Expected Short fall	(0.71)	(0.90)	(0.92)	(0.93)	(1.26)	(1.23)	(1.27)	N/A	(0.86)
Downside Deviation	0.9845	1.07	1.11	1.03	1.36	1.36	1.36	N/A	1.52
Semi Variance	0.7754	0.6389	0.5802	0.6003	1.3	1.3	1.3	N/A	1.23

Alger Global Competition Performance Charts

Five steps to successful analysis of Alger Global Competition

Alger Global's competitive analysis is the process of researching and evaluating its competitive landscape. It provides an understanding of the strengths, weaknesses, opportunities, and threats (SWOT) faced by Alger Global Growth in relation to its competition. Alger Global's competition analysis typically involves several steps, including:

Identifying the key players in the market: This involves identifying the major competitors of Alger Global in the market, both direct and indirect, as well as new entrants and disruptive technologies.
Assessing the strengths and weaknesses of each competitor: This involves evaluating each competitor's strengths and weaknesses in areas such as product offerings, market share, brand recognition, financial performance, and distribution channels.
Understanding the competitive environment: This involves evaluating the regulatory environment, economic conditions, and other factors that may impact Alger Global's competitive landscape.
Identifying opportunities and threats: This involves using the information gathered during the analysis to identify opportunities and threats to Alger Global Growth, and developing a strategy to address them.
Evaluating the competitive landscape: This involves understanding the competitive dynamics of the market, such as pricing, marketing, and distribution strategies, as well as analyzing the competitive advantage of each competitor.

Competitive analysis is an essential tool for businesses to stay ahead of the competition and can be used to inform decision-making and strategy development. By understanding the competitive landscape and staying informed about the activities of competitors, a company can make more informed decisions and improve its overall performance.

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Other Information on Investing in ALGER Mutual Fund

Alger Global financial ratios help investors to determine whether ALGER Mutual Fund is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in ALGER with respect to the benefits of owning Alger Global security.

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