Alger Spectra Financial Statements From 2010 to 2024
| SPECX Fund | USD 29.91 0.32 1.06% |
Check Alger Spectra financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among Alger Spectra'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 Spectra Valuation or Volatility modules.
Alger |
Alger Spectra Fund Mutual Fund Price To Earning Analysis
Alger Spectra's Price to Earnings ratio is typically used for current valuation of a company and is one of the most popular ratios that investors monitor daily. Holding a low PE stock is less risky because when a company's profitability falls, it is likely that earnings will also go down as well. In other words, if you start from a lower position, your downside risk is limited. There are also some investors who believe that low Price to Earnings ratio reflects the low pricing because a given company is in trouble. On the other hand, a higher PE ratio means that investors are paying more for each unit of profit.
Current Alger Spectra Price To Earning | 23.80 X |
Most of Alger Spectra's fundamental indicators, such as Price To Earning, 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 Spectra Fund is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.
Generally speaking, the Price to Earnings ratio gives investors an idea of what the market is willing to pay for the company's current earnings.
| Competition |
Based on the latest financial disclosure, Alger Spectra Fund has a Price To Earning of 23.8 times. This is much higher than that of the Alger family and significantly higher than that of the Large Growth category. The price to earning for all United States funds is notably lower than that of the firm.
Alger Spectra Fundamental Drivers Relationships
Comparative valuation techniques use various fundamental indicators to help in determining Alger Spectra's current stock value. Our valuation model uses many indicators to compare Alger Spectra value to that of its competitors to determine the firm's financial worth. You can analyze the relationship between different fundamental ratios across Alger Spectra competition to find correlations between indicators driving Alger Spectra's intrinsic value. More Info.Alger Spectra Fund is rated top fund in price to earning among similar funds. It also is rated top fund in price to book among similar funds fabricating about 0.16 of Price To Book per Price To Earning. The ratio of Price To Earning to Price To Book for Alger Spectra Fund is roughly 6.17 . The reason why the comparable model can be used in almost all circumstances is due to the vast number of multiples that can be utilized, such as the price-to-earnings (P/E), price-to-book (P/B), price-to-sales (P/S), price-to-cash flow (P/CF), and many others. The P/E ratio is the most commonly used of these ratios because it focuses on the Alger Spectra's earnings, one of the primary drivers of an investment's value.About Alger Spectra Financial Statements
Alger Spectra investors use historical fundamental indicators, such as Alger Spectra'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 Spectra. Please read more on our technical analysis and fundamental analysis pages.
The fund invests primarily in the equity securities of companies of any size that the manager believes demonstrate promising growth potential. Equity securities include common or preferred stocks that are listed on U.S. or foreign exchanges. It may invest a significant portion of its assets in securities of companies conducting business within a single sector, including the information technology, consumer discretionary, and healthcare sectors.
Also Currently Popular
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.Other Information on Investing in Alger Mutual Fund
Alger Spectra 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 Spectra security.
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