Alger Ai Enablers Fund Manager Performance Evaluation
| AAIZX Fund | 13.11 0.05 0.38% |
The fund shows a Beta (market volatility) of 0.0937, which signifies not very significant fluctuations relative to the market. As returns on the market increase, Alger Ai's returns are expected to increase less than the market. However, during the bear market, the loss of holding Alger Ai is expected to be smaller as well.
Risk-Adjusted Performance
17 of 100
Weak | Strong |
Solid
Compared to the overall equity markets, risk-adjusted returns on investments in Alger Ai Enablers are ranked lower than 17 (%) of all funds and portfolios of funds over the last 90 days. In spite of fairly weak basic indicators, Alger Ai showed solid returns over the last few months and may actually be approaching a breakup point.
...moreAlger |
Alger Ai Relative Risk vs. Return Landscape
If you would invest 1,094 in Alger Ai Enablers on August 28, 2024 and sell it today you would earn a total of 217.00 from holding Alger Ai Enablers or generate 19.84% return on investment over 90 days. Alger Ai Enablers is currently producing 0.2961% returns and takes up 1.3115% volatility of returns over 90 trading days. Put another way, 11% of traded mutual funds are less volatile than Alger, and 95% of all traded equity instruments are likely to generate higher returns over the next 90 trading days. Expected Return |
| Risk |
Alger Ai Current Valuation
Undervalued
Today
Please note that Alger Ai's price fluctuation is very steady at this time. Alger Ai Enablers shows a prevailing Real Value of USD13.84 per share. The current price of the fund is USD13.11. Our model approximates the value of Alger Ai Enablers from analyzing the entity technical indicators and probability of bankruptcy. In general, investors favor acquiring undervalued mutual funds and dropping overvalued mutual funds since, at some point, mutual fund prices and their ongoing real values will blend.
Since Alger Ai is currently traded on the exchange, buyers and sellers on that exchange determine the market value of Alger Mutual Fund. However, Alger Ai's intrinsic value may or may not be the same as its current market price, in which case there is an opportunity to profit from the mispricing, assuming the market price will eventually merge with its intrinsic value. | Historical | Market 13.11 | Real 13.84 | Hype 13.11 | Naive 12.98 |
The intrinsic value of Alger Ai's stock can be calculated using various methods such as discounted cash flow analysis, price-to-earnings ratio, or price-to-book ratio. That value may differ from its current market price, which is determined by supply and demand factors such as investor sentiment, market trends, news, and other external factors that may influence Alger Ai's stock price. It is important to note that the real value of any stock may change over time based on changes in the company's performance.
Estimating the potential upside or downside of Alger Ai Enablers helps investors to forecast how Alger mutual fund's addition to their portfolios will impact the overall performance. We also use other valuation drivers to help us estimate the true value of Alger Ai more accurately as focusing exclusively on Alger Ai's fundamentals will not take into account other important factors: Alger Ai Market Risk Analysis
Today, many novice investors tend to focus exclusively on investment returns with little concern for Alger Ai's investment risk. Standard deviation is the most common way to measure market volatility of mutual funds, such as Alger Ai Enablers, and traders can use it to determine the average amount a Alger Ai's price has deviated from the expected return over a period of time. It is calculated by determining the expected price for the established period and then subtracting this figure from each price point. The differences are then squared, summed, and averaged to produce the variance.
Sharpe Ratio = 0.2258
| Best Portfolio | Best Equity | |||
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| Small Returns | AAIZX | |||
| Cash | Small Risk | Average Risk | High Risk | Huge Risk |
| Negative Returns |
Estimated Market Risk
| 1.31 actual daily | 11 89% of assets are more volatile |
Expected Return
| 0.3 actual daily | 5 95% of assets have higher returns |
Risk-Adjusted Return
| 0.23 actual daily | 17 83% of assets perform better |
Based on monthly moving average Alger Ai is performing at about 17% of its full potential. If added to a well diversified portfolio the total return can be enhanced and market risk can be reduced. You can increase risk-adjusted return of Alger Ai by adding it to a well-diversified portfolio.
About Alger Ai Performance
Evaluating Alger Ai's performance through its fundamental ratios, provides valuable insights into its operational efficiency and profitability. For instance, if Alger Ai has a high ROA and ROE, it suggests that the company is efficiently using its assets and equity to generate substantial profits, making it an attractive investment. Conversely, if Alger Ai has a low ROA and ROE, it may indicate underlying issues in asset and equity management, signaling a need for operational improvements. Please also refer to our technical analysis and fundamental analysis pages.
Under normal circumstances, the fund invests at least 80 percent of its net assets, plus any borrowings for investment purposes, in equity securities of companies of any market capitalization that the advisor believes will benefit from artificial intelligence , demonstrate promising growth potential, and are companies where AI can play a material role in potentially driving stock price performance over the next twelve to thirty-six months. The fund is non-diversified.Things to note about Alger Ai Enablers performance evaluation
Checking the ongoing alerts about Alger Ai for important developments is a great way to find new opportunities for your next move. Mutual Fund alerts and notifications screener for Alger Ai Enablers help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.| The fund holds all of the assets under management (AUM) in different types of exotic instruments |
- Analyzing Alger Ai's financial statements, including its income statement, balance sheet, and cash flow statement, helps in understanding its overall financial health and growth potential.
- Getting a closer look at valuation ratios like price-to-earnings (P/E) ratio, price-to-sales (P/S) ratio, and price-to-book (P/B) ratio help in understanding whether Alger Ai's stock is overvalued or undervalued compared to its peers.
- Examining Alger Ai's industry or sector and how it is performing can give you an idea of its growth potential and how it is positioned relative to its competitors.
- Evaluating Alger Ai's management team can have a significant impact on its success or failure. Reviewing the track record and experience of Alger Ai's management team can help you assess the Mutual Fund's leadership.
- Pay attention to analyst opinions and ratings of Alger Ai's mutual fund. These opinions can provide insight into Alger Ai's potential for growth and whether the stock is currently undervalued or overvalued.
Other Information on Investing in Alger Mutual Fund
Alger Ai 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 Ai security.
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