Alger Mid Financial Statements From 2010 to 2024
| FRTY Etf | USD 19.93 0.19 0.96% |
Check Alger Mid financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among Alger Mid's main balance sheet or income statement drivers, such as , as well as many indicators such as . Alger financial statements analysis is a perfect complement when working with Alger Mid Valuation or Volatility modules.
Alger |
Alger Mid Cap ETF Beta Analysis
Alger Mid's Beta is one of the most important measures of equity market volatility. Beta can be thought of as asset elasticity or sensitivity to market. In other words, it is a number that shows the relationship of an equity instrument to the financial market in which this instrument is traded. For example, if Beta of equity is 2, it is expected to significantly outperform market when the market is going up and significantly underperform when the market is going down. Similarly, Beta of 1 indicates that an asset and market will generate similar returns over time.
Current Alger Mid Beta | 1.01 |
Most of Alger Mid's fundamental indicators, such as Beta, are part of a valuation analysis module that helps investors searching for stocks that are currently trading at higher or lower prices than their real value. If the real value is higher than the market price, Alger Mid Cap is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.
In a nutshell, Beta is a measure of individual stock risk relative to the overall volatility of the stock market. and is calculated based on very sound finance theory - Capital Assets Pricing Model (CAPM).However, since Beta is calculated based on historical price movements it may not predict how a firm's stock is going to perform in the future.
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In accordance with the recently published financial statements, Alger Mid Cap has a Beta of 1.01. This is much higher than that of the Alger family and significantly higher than that of the Mid-Cap Growth category. The beta for all United States etfs is notably lower than that of the firm.
About Alger Mid Financial Statements
Alger Mid investors use historical fundamental indicators, such as Alger Mid's revenue or net income, to determine how well the company is positioned to perform in the future. Understanding over-time patterns can help investors decide on long-term investments in Alger Mid. Please read more on our technical analysis and fundamental analysis pages.
Under normal circumstances, the fund invests at least 80 percent of its net assets in equity securities of mid-cap companies. Alger Mid is traded on NYSEARCA Exchange in the United States.
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Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.When determining whether Alger Mid Cap offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Alger Mid's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Alger Mid Cap Etf. Outlined below are crucial reports that will aid in making a well-informed decision on Alger Mid Cap Etf:Check out the analysis of Alger Mid Correlation against competitors. You can also try the Bond Analysis module to evaluate and analyze corporate bonds as a potential investment for your portfolios..
The market value of Alger Mid Cap is measured differently than its book value, which is the value of Alger that is recorded on the company's balance sheet. Investors also form their own opinion of Alger Mid's value that differs from its market value or its book value, called intrinsic value, which is Alger Mid's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Alger Mid's market value can be influenced by many factors that don't directly affect Alger Mid's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Alger Mid's value and its price as these two are different measures arrived at by different means. Investors typically determine if Alger Mid is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Alger Mid'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.