Alger Spectra Financials
| ASPIX Fund | USD 30.80 0.33 1.08% |
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 Spectra Fund Summary
Alger Spectra competes with Prudential High, Prudential High, Virtus High, Pace High, and American Century. 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.Specialization | Large Growth, Large Growth |
| Instrument | USA Mutual Fund View All |
| Exchange | NMFQS Exchange |
| ISIN | US0155663000 |
| Business Address | Alger Funds II |
| Mutual Fund Family | Alger |
| Mutual Fund Category | Large Growth |
| Benchmark | Dow Jones Industrial |
| Phone | 800 992 3362 |
| Currency | USD - US Dollar |
Alger Financial Ratios 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 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 0.16 of Price To Book per Price To Earning. The ratio of Price To Earning to Price To Book for Alger Spectra Fund is roughly 6.20 . 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.Alger Spectra Systematic Risk
Alger Spectra's systematic risk plays a vital role in portfolio allocation when considering its stock to be added to a well-diversified portfolio. Alger Spectra 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 four with a total number of output elements of fifty-seven. The Beta measures systematic risk based on how returns on Alger Spectra correlated with the market. If Beta is less than 0 Alger Spectra generally moves in the opposite direction as compared to the market. If Alger Spectra Beta is about zero movement of price series is uncorrelated with the movement of the benchmark. if Beta is between zero and one Alger Spectra is generally moves in the same direction as, but less than the movement of the market. For Beta = 1 movement of Alger Spectra is generally in the same direction as the market. If Beta > 1 Alger Spectra moves generally in the same direction as, but more than the movement of the benchmark.
Alger Spectra November 27, 2024 Opportunity Range
Along with financial statement analysis, the daily predictive indicators of Alger Spectra help investors to analyze its daily demand and supply, volume, patterns, and price swings to determine the real value of Alger Spectra Fund. We use our internally-developed statistical techniques to arrive at the intrinsic value of Alger Spectra Fund 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 Spectra's daily price indicators and compare them against related drivers.
| Downside Deviation | 1.48 | |||
| Information Ratio | 0.0897 | |||
| Maximum Drawdown | 6.03 | |||
| Value At Risk | (2.22) | |||
| Potential Upside | 2.32 |
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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