Alger Mid Competition

AMGOX Fund

USD 21.86 0.05 0.23%

Alger Mid Cap competes with Origin Emerging, Aqr Long-short, Barings Emerging, Rbc Emerging, and Extended Market; as well as few others. The fund is listed under Mid-Cap Growth category and is part of Alger family. Analyzing Alger Mid 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 Mid to its intrinsic valuation because they are able to contrast its competitors on a relative basis. Check out Alger Mid 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 Mid competition on your existing holdings.

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Hype

Prediction

Low	Estimated	High
17.71	18.75	23.90

Details

Intrinsic

Valuation

Low	Real	High
21.60	22.64	23.68

Details

Alger Mid Competition Correlation Matrix

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

	POEIX	QLERX	BXECX	REMVX	USMIX	PACEX
POEIX		0.11	0.63	0.94	0.37	0.79	POEIX
QLERX	0.11		-0.14	-0.19	0.87	0.12	QLERX
BXECX	0.63	-0.14		0.74	0.02	0.82	BXECX
REMVX	0.94	-0.19	0.74		0.07	0.81	REMVX
USMIX	0.37	0.87	0.02	0.07		0.27	USMIX
PACEX	0.79	0.12	0.82	0.81	0.27		PACEX
	POEIX	QLERX	BXECX	REMVX	USMIX	PACEX

Click cells to compare fundamentals

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High positive correlations

REMVX	+ 0.94	POEIX
USMIX	+ 0.87	QLERX
PACEX	+ 0.82	BXECX
PACEX	+ 0.81	REMVX
PACEX	+ 0.79	POEIX
REMVX	+ 0.74	BXECX

High negative correlations

REMVX	- 0.19	QLERX
BXECX	- 0.14	QLERX

Risk-Adjusted Indicators

There is a big difference between Alger Mutual Fund performing well and Alger Mid 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 Mid'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
POEIX	0.80	0.02	(0.10)	(0.15)	1.00	(0.85)	1.54	(1.82)	5.70
QLERX	0.31	0.10	(0.05)	(2.12)	0.11	(0.37)	0.75	(0.61)	2.22
BXECX	0.26	0.01	(0.35)	(0.06)	0.24	(0.38)	0.67	(0.40)	1.45
REMVX	0.88	0.00	0.00	0.15	0.00	0.00	1.78	(2.04)	6.85
USMIX	0.78	0.01	0.04	0.12	0.77	(0.89)	1.71	(1.40)	5.72
PACEX	0.12	0.00	(0.70)	0.49	0.00	(0.21)	0.32	(0.22)	0.97

Unable to evaluate fundamental data of [POEIX, QLERX, BXECX, REMVX, USMIX, PACEX] at this time. Please try again later

All Fundamental Data

Alger Mid Competitive Analysis

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

	AMGOX	POEIX	QLERX	BXECX	REMVX	USMIX	PACEX
	0.23 21.86 Alger	0.49 10.27 Origin	0.47 17.07 Aqr	0.26 7.58 Barings	0.36 8.37 RBC	0.51 25.15 Extended	0.11 9.23 PACEX
Market Volatility (90 Days Market Risk)	Very steady	Not too volatile	Very steady	Very steady	Not too volatile	Very steady	Very steady
Market Performance (90 Days Performance)	Solid	Weak	Solid	Weak	Very Weak	Good	Modest
Odds of Financial Distress (Probability Of Bankruptcy)	Low	Low	Low	Low	Low	Low	Low
Current Valuation (Equity Enterprise Value)	Under Valued	Over Valued	Over Valued	Fairly Valued	Over 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
Trade Advice (90 Days Macroaxis Advice)	Strong Buy	Strong Sell	Sell	Sell	Strong Sell	Strong Hold	Strong Sell
Net Asset	159.89 M	2.74 B	4.32 B	168.96 M	59.32 M	723.76 M	245.76 M
Minimum Initial Investment	N/A	N/A	N/A	N/A	250 K	3 K	2.5 K
Price To Book	3.99 X	N/A	1.99 X	N/A	N/A	2.04 X	N/A
Five Year Return	12.30 %	1.48 %	16.69 %	0.30 %	4.95 %	12.50 %	1.17 %
One Year Return	38.67 %	15.18 %	27.63 %	8.18 %	12.10 %	34.66 %	11.39 %
Last Dividend Paid	N/A	0.09	N/A	0.04	0.03	N/A	0.03
Price To Earning	1.13 X	N/A	16.64 X	N/A	N/A	20.43 X	N/A
Price To Sales	2.52 X	N/A	0.99 X	N/A	N/A	1.26 X	N/A
Cash Position Weight	0.35 %	2.07 %	33.58 %	3.17 %	2.29 %	0.31 %	9.65 %
Equity Positions Weight	98.90 %	97.93 %	(10.89) %	N/A	97.71 %	99.69 %	0.68 %
Three Year Return	(1.69) %	(4.37) %	27.07 %	(3.16) %	(1.34) %	3.32 %	(0.05) %
Annual Yield	N/A	0.05 %	0.17 %	0.0005 %	0.04 %	0.01 %	0 %
Year To Date Return	28.96 %	10.39 %	28.35 %	2.69 %	5.97 %	19.54 %	7.26 %
Bond Positions Weight	N/A	N/A	N/A	161.41 %	N/A	N/A	80.68 %
Ten Year Return	12.20 %	N/A	N/A	N/A	N/A	10.54 %	N/A
Daily Balance Of Power	(9,223,372,036,855)	9.2 T	9.2 T	(9,223,372,036,855)	9.2 T	(9,223,372,036,855)	(9,223,372,036,855)
Day Typical Price	21.86	10.27	17.07	7.58	8.37	25.15	9.23
Period Momentum Indicator	(0.05)	0.05	0.08	(0.02)	0.03	(0.13)	(0.01)
Rate Of Daily Change	1.0	1.0	1.0	1.0	1.0	0.99	1.0
Day Median Price	21.86	10.27	17.07	7.58	8.37	25.15	9.23
Price Action Indicator	(0.03)	0.025	0.04	(0.01)	0.015	(0.07)	(0.01)
Coefficient Of Variation	390.56	5222.87	396.27	2682.34	(16,350)	649.24	1170.34
Mean Deviation	0.7882	0.8029	0.3057	0.2585	0.8804	0.7777	0.1249
Jensen Alpha	0.2361	0.0184	0.1041	0.0083	(0)	0.0061	0.0038
Total Risk Alpha	0.0954	(0.16)	0.0318	(0.05)	(0.20)	(0.01)	(0.02)
Sortino Ratio	0.1354	(0.10)	(0.05)	(0.35)	N/A	0.0377	(0.70)
Downside Variance	1.05	1.08	0.1938	0.1097	N/A	0.9595	0.0262
Standard Deviation	1.05	1.07	0.4302	0.339	1.2	1.07	0.1755
Kurtosis	1.04	1.01	2.6	(0.04)	1.54	3.03	2.68
Potential Upside	2.11	1.54	0.7547	0.6667	1.78	1.71	0.3247
Treynor Ratio	1.41	(0.15)	(2.12)	(0.06)	0.1471	0.1235	0.4901
Maximum Drawdown	4.74	5.7	2.22	1.45	6.85	5.72	0.9695
Variance	1.09	1.14	0.185	0.1149	1.45	1.16	0.0308
Market Risk Adjusted Performance	1.42	(0.14)	(2.11)	(0.05)	0.1571	0.1335	0.5001
Risk Adjusted Performance	0.1984	0.0175	0.1851	0.0159	(0)	0.1206	0.0318
Skewness	(0.22)	0.2734	0.045	0.4672	0.422	0.7287	1.17
Semi Deviation	0.7748	0.9979	0.1097	0.2399	N/A	0.7659	0.0
Information Ratio	0.133	(0.10)	(0.05)	(0.34)	(0.11)	0.0344	(0.65)
Value At Risk	(1.34)	(1.82)	(0.61)	(0.40)	(2.04)	(1.40)	(0.22)
Expected Short fall	(0.93)	(0.85)	(0.37)	(0.38)	N/A	(0.89)	(0.21)
Downside Deviation	1.03	1.04	0.4402	0.3311	N/A	0.9795	0.1618
Semi Variance	0.6003	0.9958	0.012	0.0576	N/A	0.5866	(0)

Alger Mid Competition Performance Charts

Five steps to successful analysis of Alger Mid Competition

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

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

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