Alger Small Financials
| AOFAX Fund | USD 20.49 0.49 2.45% |
Alger |
Please note that you must use caution to infer results of funds future performance. Investment returns and principal value will fluctuate so that investors' shares, when sold, may be worth more or less than their original cost.
Alger Small Fund Summary
Alger Small competes with Gold And, International Investors, James Balanced, Great-west Goldman, and Goldman Sachs. The fund normally invests at least 80 percent of its net assets, plus any borrowings for investment purposes, in equity securities of companies that, at the time of purchase of the securities, have total market capitalization range of the Russell 2000 Growth Index. The Russell 2000 Growth Index is a broad-based index of small capitalization stocks. It invests at least 25 percent of its total assets in technology companies focused in the fields of medicine and information.Specialization | Small Growth, Large |
| Instrument | USA Mutual Fund View All |
| Exchange | NMFQS Exchange |
| Business Address | Alger Funds |
| Mutual Fund Family | Alger |
| Mutual Fund Category | Small Growth |
| Benchmark | Dow Jones Industrial |
| Phone | 800 992 3863 |
| Currency | USD - US Dollar |
Alger Financial Ratios Relationships
Comparative valuation techniques use various fundamental indicators to help in determining Alger Small's current stock value. Our valuation model uses many indicators to compare Alger Small value to that of its competitors to determine the firm's financial worth. You can analyze the relationship between different fundamental ratios across Alger Small competition to find correlations between indicators driving Alger Small's intrinsic value. More Info.Alger Small Cap is the top fund in price to earning among similar funds. It also is the top fund in price to book among similar funds fabricating about 0.10 of Price To Book per Price To Earning. The ratio of Price To Earning to Price To Book for Alger Small Cap is roughly 10.17 . 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 Small's earnings, one of the primary drivers of an investment's value.Alger Small Cap Systematic Risk
Alger Small's systematic risk plays a vital role in portfolio allocation when considering its stock to be added to a well-diversified portfolio. Alger Small volatility which cannot be eliminated through diversification, requires returns over the risk-free rate. Over the long run, a well-diversified portfolio provides returns that match its exposure to systematic risk. In this case, investors face a trade-off between expected returns and systematic risk and, therefore, can only reduce a portfolio's exposure to systematic risk by sacrificing expected returns on the portfolio.
The output start index for this execution was twenty-four with a total number of output elements of thirty-seven. The Beta measures systematic risk based on how returns on Alger Small Cap correlated with the market. If Beta is less than 0 Alger Small generally moves in the opposite direction as compared to the market. If Alger Small Beta is about zero movement of price series is uncorrelated with the movement of the benchmark. if Beta is between zero and one Alger Small Cap is generally moves in the same direction as, but less than the movement of the market. For Beta = 1 movement of Alger Small is generally in the same direction as the market. If Beta > 1 Alger Small moves generally in the same direction as, but more than the movement of the benchmark.
Alger Small November 22, 2024 Opportunity Range
Along with financial statement analysis, the daily predictive indicators of Alger Small help investors to analyze its daily demand and supply, volume, patterns, and price swings to determine the real value of Alger Small Cap. We use our internally-developed statistical techniques to arrive at the intrinsic value of Alger Small Cap based on widely used predictive technical indicators. In general, we focus on analyzing Alger Mutual Fund price patterns and their correlations with different microeconomic environment and drivers. We also apply predictive analytics to build Alger Small's daily price indicators and compare them against related drivers.
| Downside Deviation | 1.36 | |||
| Information Ratio | 0.0788 | |||
| Maximum Drawdown | 7.54 | |||
| Value At Risk | (2.18) | |||
| Potential Upside | 2.66 |
Other Information on Investing in Alger Mutual Fund
Alger Small 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 Small security.
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