Alger Health Competition

AHSAX Fund

USD 21.88 0.15 0.69%

Alger Health Sciences competes with M3sixty Capital, Nationwide Small, Qs Us, Baird Small/mid, and Artisan Small; as well as few others. The fund is listed under Health category and is part of Alger family. Analyzing Alger Health 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 Health to its intrinsic valuation because they are able to contrast its competitors on a relative basis. Check out Alger Health 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 Health competition on your existing holdings.

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Hype

Prediction

Low	Estimated	High
21.13	21.88	22.63

Details

Intrinsic

Valuation

Low	Real	High
21.06	21.81	22.56

Details

Please note, it is not enough to conduct a financial or market analysis of a single entity such as Alger Health. Your research has to be compared to or analyzed against Alger Health's peers to derive any actionable benefits. When done correctly, Alger Health'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 Health Sciences.

Alger Health Competition Correlation Matrix

Typically, diversification allows investors to combine positions across different asset classes to reduce overall portfolio risk. Correlation between Alger Health 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 Health Sciences does not affect the price movement of the other competitor.

	MCSCX	GMSRX	LMBMX	BSGSX	APDSX	TVOYX	VSCPX
MCSCX		0.91	0.9	0.91	0.93	0.97	0.9	MCSCX
GMSRX	0.91		0.99	0.96	0.86	0.94	0.98	GMSRX
LMBMX	0.9	0.99		0.96	0.85	0.93	0.98	LMBMX
BSGSX	0.91	0.96	0.96		0.9	0.95	0.99	BSGSX
APDSX	0.93	0.86	0.85	0.9		0.92	0.89	APDSX
TVOYX	0.97	0.94	0.93	0.95	0.92		0.95	TVOYX
VSCPX	0.9	0.98	0.98	0.99	0.89	0.95		VSCPX
	MCSCX	GMSRX	LMBMX	BSGSX	APDSX	TVOYX	VSCPX

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 Health 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 Health'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
MCSCX	0.93	(0.05)	0.01	0.09	1.02	(1.07)	2.11	(1.52)	7.55
GMSRX	0.95	0.15	0.05	1.14	0.88	(1.16)	2.12	(1.60)	7.57
LMBMX	0.98	0.15	0.04	1.05	0.97	(1.12)	2.17	(1.75)	8.01
BSGSX	0.79	0.18	0.08	0.85	0.83	(0.88)	1.90	(1.52)	5.09
APDSX	0.96	0.02	0.03	0.13	1.13	(0.95)	2.03	(1.99)	5.77
TVOYX	0.79	(0.01)	0.03	0.11	0.66	(0.96)	1.70	(1.42)	6.73
VSCPX	0.76	0.17	0.08	1.35	0.67	(0.87)	1.75	(1.25)	5.35

Unable to evaluate fundamental data of [MCSCX, GMSRX, LMBMX, BSGSX, APDSX, TVOYX, VSCPX] at this time. Please try again later

All Fundamental Data

Alger Health Competitive Analysis

The better you understand Alger Health competitors, the better chance you have of utilizing it as a position in your portfolios. From an individual investor's perspective, Alger Health'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 Health'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

	AHSAX	MCSCX	GMSRX	LMBMX	BSGSX	APDSX	TVOYX	VSCPX
	0.69 21.88 Alger	1.13 12.51 M3Sixty	1.82 12.84 NATIONWIDE	1.83 15.00 LMBMX	1.25 17.82 Baird	2.14 40.17 Artisan	1.38 41.94 Touchstone	1.54 356.33 VANGUARD
Market Volatility (90 Days Market Risk)	Very steady	Very steady	Very steady	Very steady	Very steady	Very steady	Very steady	Very steady
Market Performance (90 Days Performance)	Very Weak	OK	OK	OK	Solid	Good	Good	Good
Odds of Financial Distress (Probability Of Bankruptcy)	Low	Low	Low	Low	Low	Low	Low	Low
Current Valuation (Equity Enterprise Value)	Fairly Valued	Fairly Valued	Fairly Valued	Fairly Valued	Fairly Valued	Fairly Valued	Fairly Valued	Over Valued
Buy or Sell Advice (Average Analysts Consensus)	Not Available	Not Available	Not Available	Not Available	Not Available	Not Available	Not Available	Not Available
Trade Advice (90 Days Macroaxis Advice)	Cautious Hold	Hold	Hold	Hold	Strong Hold	Hold	Hold	Strong Hold
Net Asset	146.94 M	6.64 M	481.9 M	215.69 M	18.72 M	1.78 B	126.34 M	95.35 B
Minimum Initial Investment	N/A	N/A	N/A	N/A	2.5 K	N/A	N/A	N/A
Price To Book	4.18 X	N/A	1.76 X	1.63 X	N/A	N/A	1.78 X	2.08 X
Five Year Return	3.52 %	N/A	9.06 %	12.01 %	9.74 %	7.19 %	11.04 %	11.64 %
One Year Return	15.89 %	N/A	35.72 %	29.82 %	21.97 %	31.80 %	31.98 %	36.06 %
Last Dividend Paid	N/A	N/A	N/A	N/A	N/A	N/A	0.09	0.15
Price To Earning	2.29 X	N/A	19.26 X	16.52 X	N/A	N/A	19.56 X	13.98 X
Price To Sales	3.03 X	N/A	1.04 X	0.70 X	N/A	N/A	1.16 X	1.29 X
Cash Position Weight	2.11 %	N/A	(0.07) %	0.94 %	2.04 %	0.82 %	1.10 %	2.36 %
Equity Positions Weight	94.69 %	N/A	100.07 %	99.06 %	97.96 %	99.18 %	98.90 %	97.64 %
Three Year Return	(7.07) %	N/A	2.15 %	4.10 %	(4.04) %	(3.73) %	6.02 %	5.25 %
Annual Yield	N/A	0 %	0.01 %	0.01 %	N/A	N/A	0.01 %	0.01 %
Year To Date Return	6.21 %	N/A	20.80 %	15.20 %	13.14 %	20.72 %	19.90 %	22.02 %
Ten Year Return	15.21 %	N/A	8.57 %	8.04 %	N/A	16.71 %	6.35 %	10.46 %
Daily Balance Of Power	9.2 T	9.2 T	9.2 T	9.2 T	9.2 T	9.2 T	9.2 T	9.2 T
Day Typical Price	21.88	12.51	12.84	15.0	17.82	40.17	41.94	356.33
Period Momentum Indicator	0.15	0.14	0.23	0.27	0.22	0.84	0.57	5.41
Rate Of Daily Change	1.01	1.01	1.02	1.02	1.01	1.02	1.01	1.02
Day Median Price	21.88	12.51	12.84	15.0	17.82	40.17	41.94	356.33
Price Action Indicator	0.075	0.07	0.12	0.13	0.11	0.42	0.29	2.7
Coefficient Of Variation	(3,342)	919.25	741.44	788.94	479.0	709.76	733.13	531.34
Mean Deviation	0.5658	0.9314	0.9533	0.9764	0.7908	0.9555	0.7897	0.7636
Jensen Alpha	(0.09)	(0.05)	0.1534	0.1471	0.1798	0.0161	(0.01)	0.1704
Total Risk Alpha	(0.15)	(0.07)	(0.04)	(0.05)	0.0462	(0.03)	(0.03)	0.0245
Sortino Ratio	N/A	0.0128	0.0472	0.0407	0.0843	0.034	0.0293	0.0755
Downside Variance	N/A	1.46	1.24	1.35	1.15	2.26	0.7378	0.8149
Standard Deviation	0.7371	1.32	1.34	1.39	1.05	1.28	1.13	1.05
Kurtosis	1.96	5.5	3.93	4.39	1.48	1.23	7.77	2.58
Potential Upside	0.8295	2.11	2.12	2.17	1.9	2.03	1.7	1.75
Treynor Ratio	(0.06)	0.0887	1.14	1.05	0.8514	0.1311	0.1101	1.35
Maximum Drawdown	4.54	7.55	7.57	8.01	5.09	5.77	6.73	5.35
Variance	0.5433	1.76	1.81	1.93	1.1	1.63	1.27	1.09
Market Risk Adjusted Performance	(0.05)	0.0987	1.15	1.06	0.8614	0.1411	0.1201	1.36
Risk Adjusted Performance	(0.02)	0.0874	0.1074	0.1014	0.1623	0.1117	0.1075	0.1465
Skewness	0.3514	1.04	1.13	1.09	(0.02)	(0.62)	1.73	0.6847
Semi Deviation	N/A	1.02	0.884	0.9699	0.8275	1.13	0.6643	0.6695
Information Ratio	(0.20)	0.0117	0.0391	0.0341	0.0861	0.0401	0.0223	0.0652
Value At Risk	(1.27)	(1.52)	(1.60)	(1.75)	(1.52)	(1.99)	(1.42)	(1.25)
Expected Short fall	N/A	(1.07)	(1.16)	(1.12)	(0.88)	(0.95)	(0.96)	(0.87)
Downside Deviation	N/A	1.21	1.11	1.16	1.07	1.5	0.859	0.9027
Semi Variance	N/A	1.04	0.7815	0.9407	0.6847	1.28	0.4413	0.4483

Alger Health Competition Performance Charts

Five steps to successful analysis of Alger Health Competition

Alger Health'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 Health Sciences in relation to its competition. Alger Health's competition analysis typically involves several steps, including:

Identifying the key players in the market: This involves identifying the major competitors of Alger Health 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 Health's competitive landscape.
Identifying opportunities and threats: This involves using the information gathered during the analysis to identify opportunities and threats to Alger Health Sciences, 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.

Complement your Alger Health position

In addition to having Alger Health 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.

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Other Information on Investing in Alger Mutual Fund

Alger Health 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 Health security.

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