Alger Concentrated Competition

CNEYX Fund

12.86 0.03 0.23%

Alger Concentrated Equity competes with Fidelity Advisor, Short Precious, The Gold, Oppenheimer Gold, and Wells Fargo; as well as few others. The fund is listed under Large Growth category and is part of Alger family. Analyzing Alger Concentrated 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 Concentrated to its intrinsic valuation because they are able to contrast its competitors on a relative basis. Check out Alger Concentrated 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 Concentrated competition on your existing holdings.

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Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Alger Concentrated's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.

Hype

Prediction

Low	Estimated	High
11.58	12.86	14.14

Details

Intrinsic

Valuation

Low	Real	High
12.61	13.89	15.17

Details

Alger Concentrated Competition Correlation Matrix

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

	FGDIX	XGGNX	SPPSX	QGLDX	OGMCX	EKWDX	FRGOX
FGDIX		0.8	-0.92	0.76	0.94	0.9	0.97	FGDIX
XGGNX	0.8		-0.88	0.69	0.85	0.87	0.84	XGGNX
SPPSX	-0.92	-0.88		-0.65	-0.86	-0.94	-0.9	SPPSX
QGLDX	0.76	0.69	-0.65		0.9	0.83	0.86	QGLDX
OGMCX	0.94	0.85	-0.86	0.9		0.93	0.98	OGMCX
EKWDX	0.9	0.87	-0.94	0.83	0.93		0.95	EKWDX
FRGOX	0.97	0.84	-0.9	0.86	0.98	0.95		FRGOX
	FGDIX	XGGNX	SPPSX	QGLDX	OGMCX	EKWDX	FRGOX

Click cells to compare fundamentals

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High positive correlations

FRGOX	+ 0.98	OGMCX
FRGOX	+ 0.97	FGDIX
FRGOX	+ 0.95	EKWDX
OGMCX	+ 0.94	FGDIX
EKWDX	+ 0.93	OGMCX
EKWDX	+ 0.9	FGDIX

High negative correlations

EKWDX	- 0.94	SPPSX
SPPSX	- 0.92	FGDIX
FRGOX	- 0.9	SPPSX
SPPSX	- 0.88	XGGNX
OGMCX	- 0.86	SPPSX
QGLDX	- 0.65	SPPSX

Risk-Adjusted Indicators

There is a big difference between Alger Mutual Fund performing well and Alger Concentrated 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 Concentrated'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
FGDIX	1.32	(0.07)	0.00	(0.34)	0.00	0.00	2.67	(2.83)	9.78
XGGNX	0.54	(0.01)	(0.13)	0.00	0.71	(0.65)	1.20	(1.20)	3.86
SPPSX	1.38	0.05	(0.05)	(0.23)	1.72	(1.51)	3.15	(2.29)	10.46
QGLDX	0.74	0.07	(0.06)	(0.33)	1.01	(0.76)	1.46	(1.52)	4.82
OGMCX	1.43	(0.05)	(0.06)	0.01	1.72	(1.54)	2.67	(2.79)	8.66
EKWDX	1.31	0.05	(0.03)	0.43	1.63	(1.46)	2.61	(2.83)	9.85
FRGOX	1.44	(0.07)	0.00	(0.04)	0.00	0.00	3.13	(3.01)	9.03

Unable to evaluate fundamental data of [FGDIX, XGGNX, SPPSX, QGLDX, OGMCX, EKWDX, FRGOX] at this time. Please try again later

All Fundamental Data

Alger Concentrated Competitive Analysis

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

	CNEYX	FGDIX	XGGNX	SPPSX	QGLDX	OGMCX	EKWDX	FRGOX
	0.23 12.86 Alger	3.12 27.05 Fidelity	0.24 4.20 Gamco	0.43 9.21 Short	2.99 25.96 The	2.31 24.96 Oppenheimer	1.01 62.90 Wells	2.49 18.44 Franklin
Market Volatility (90 Days Market Risk)	Very steady	Very steady	Not too volatile	Not too volatile	Very steady	Very steady	Very steady	Very steady
Market Performance (90 Days Performance)	Good	Very Weak	Very Weak	Very Weak	Modest	Weak	Insignificant	Very Weak
Odds of Financial Distress (Probability Of Bankruptcy)	Low	Low	About Average	Low	Low	Low	Low	Low
Current Valuation (Equity Enterprise Value)	Under Valued	Fairly Valued	Over Valued	Over Valued	Over Valued	Fairly Valued	Over Valued	Fairly 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)	Strong Buy	Cautious Hold	Sell	Strong Sell	Strong Sell	Cautious Hold	Strong Sell	Cautious Hold
Net Asset	4.32 M	1.06 B	N/A	8.82 M	121.01 M	1.9 B	304.15 M	987.03 M
Minimum Initial Investment	N/A	N/A	N/A	N/A	1 K	N/A	N/A	N/A
Price To Book	N/A	1.30 X	N/A	N/A	N/A	1.39 X	1.58 X	1.28 X
Five Year Return	N/A	6.81 %	N/A	(17.95) %	9.36 %	10.13 %	10.47 %	8.04 %
One Year Return	N/A	35.45 %	N/A	(23.39) %	32.76 %	36.92 %	42.82 %	37.84 %
Last Dividend Paid	N/A	1.13	0.05	N/A	2.34	0.26	0.28	2.32
Price To Earning	N/A	27.34 X	N/A	N/A	N/A	17.05 X	33.22 X	18.89 X
Price To Sales	N/A	2.35 X	N/A	N/A	N/A	1.93 X	3.50 X	1.20 X
Cash Position Weight	N/A	0.91 %	N/A	115.23 %	46.71 %	1.54 %	1.62 %	0.37 %
Equity Positions Weight	N/A	98.29 %	N/A	N/A	N/A	98.26 %	92.97 %	99.41 %
Three Year Return	N/A	2.13 %	N/A	(9.96) %	10.93 %	2.03 %	9.47 %	(3.81) %
Annual Yield	N/A	0 %	N/A	N/A	0.0001 %	0.0004 %	N/A	0.02 %
Year To Date Return	N/A	26.17 %	N/A	6.08 %	28.35 %	25.31 %	34.00 %	23.39 %
Bond Positions Weight	N/A	N/A	N/A	N/A	39.71 %	N/A	N/A	N/A
Ten Year Return	N/A	(2.73) %	N/A	(12.27) %	N/A	(2.82) %	(1.75) %	(4.33) %
Daily Balance Of Power	(9,223,372,036,855)	(9,223,372,036,855)	9.2 T	(9,223,372,036,855)	(9,223,372,036,855)	(9,223,372,036,855)	9.2 T	(9,223,372,036,855)
Day Typical Price	12.86	27.05	4.2	9.21	25.96	24.96	62.9	18.44
Period Momentum Indicator	(0.03)	(0.87)	0.01	(0.04)	(0.80)	(0.59)	0.63	(0.47)
Rate Of Daily Change	1.0	0.97	1.0	1.0	0.97	0.98	1.01	0.98
Day Median Price	12.86	27.05	4.2	9.21	25.96	24.96	62.9	18.44
Price Action Indicator	(0.01)	(0.44)	0.005	(0.02)	(0.40)	(0.29)	0.31	(0.23)
Coefficient Of Variation	502.84	(4,304)	7528.14	4631.33	1551.48	11202.29	2412.43	(20,954)
Mean Deviation	0.8855	1.32	0.5436	1.38	0.7438	1.43	1.31	1.44
Jensen Alpha	0.1373	(0.07)	(0.01)	0.0459	0.0732	(0.05)	0.0454	(0.07)
Total Risk Alpha	0.046	(0.33)	(0.12)	(0.26)	(0.1)	(0.28)	(0.21)	(0.30)
Sortino Ratio	0.079	N/A	(0.13)	(0.05)	(0.06)	(0.06)	(0.03)	N/A
Downside Variance	2.56	N/A	0.8364	3.41	1.35	3.08	3.0	N/A
Standard Deviation	1.28	1.77	0.7572	1.87	0.9895	1.82	1.75	1.83
Kurtosis	1.84	0.8995	1.19	1.43	1.63	0.0084	1.2	0.1595
Potential Upside	2.23	2.67	1.2	3.15	1.46	2.67	2.61	3.13
Treynor Ratio	0.2699	(0.34)	5.0E-4	(0.23)	(0.33)	0.0136	0.4327	(0.04)
Maximum Drawdown	6.23	9.78	3.86	10.46	4.82	8.66	9.85	9.03
Variance	1.64	3.13	0.5733	3.5	0.979	3.29	3.07	3.35
Market Risk Adjusted Performance	0.2799	(0.33)	0.0105	(0.22)	(0.32)	0.0236	0.4427	(0.03)
Risk Adjusted Performance	0.156	(0.01)	0.0101	0.0224	0.0515	0.0126	0.0373	0.0022
Skewness	(0.62)	(0.15)	(0.16)	0.2507	(0.88)	0.13	(0.14)	(0.01)
Semi Deviation	1.23	N/A	0.7139	1.72	1.01	1.72	1.63	N/A
Information Ratio	0.0985	(0.1)	(0.16)	(0.05)	(0.07)	(0.06)	(0.03)	(0.08)
Value At Risk	(2.04)	(2.83)	(1.20)	(2.29)	(1.52)	(2.79)	(2.83)	(3.01)
Expected Short fall	(0.92)	N/A	(0.65)	(1.51)	(0.76)	(1.54)	(1.46)	N/A
Downside Deviation	1.6	N/A	0.9146	1.85	1.16	1.75	1.73	N/A
Semi Variance	1.51	N/A	0.5096	2.97	1.03	2.97	2.67	N/A

Alger Concentrated Competition Performance Charts

Five steps to successful analysis of Alger Concentrated Competition

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

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

In addition to having Alger Concentrated 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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Computers

Fama and French investing themes focus on testing asset pricing under different economic assumptions. The Computers theme has 61 constituents at this time.

You can either use a buy-and-hold strategy to lock in the entire theme or actively trade it to take advantage of the short-term price volatility of individual constituents. Macroaxis can help you discover thousands of investment opportunities in different asset classes. In addition, you can partner with us for reliable portfolio optimization as you plan to utilize Computers Theme or any other thematic opportunities.

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Other Information on Investing in Alger Mutual Fund

Alger Concentrated 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 Concentrated security.

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