Alger Mid Cap Fund Manager Performance Evaluation
| AFOIX Fund | USD 18.65 0.31 1.64% |
The fund shows a Beta (market volatility) of 1.08, which signifies a somewhat significant risk relative to the market. Alger Mid returns are very sensitive to returns on the market. As the market goes up or down, Alger Mid is expected to follow.
Risk-Adjusted Performance
22 of 100
Weak | Strong |
Solid
Compared to the overall equity markets, risk-adjusted returns on investments in Alger Mid Cap are ranked lower than 22 (%) of all funds and portfolios of funds over the last 90 days. In spite of fairly weak forward indicators, Alger Mid showed solid returns over the last few months and may actually be approaching a breakup point.
...more| Expense Ratio Date | 6th of April 2023 | |
| Expense Ratio | 1.2700 |
Alger |
Alger Mid Relative Risk vs. Return Landscape
If you would invest 1,523 in Alger Mid Cap on September 12, 2024 and sell it today you would earn a total of 342.00 from holding Alger Mid Cap or generate 22.46% return on investment over 90 days. Alger Mid Cap is currently producing 0.3287% returns and takes up 1.1592% volatility of returns over 90 trading days. Put another way, 10% of traded mutual funds are less volatile than Alger, and 94% of all traded equity instruments are likely to generate higher returns over the next 90 trading days. Expected Return |
| Risk |
Alger Mid Current Valuation
Undervalued
Today
Please note that Alger Mid's price fluctuation is very steady at this time. At this time, the entity appears to be undervalued. Alger Mid Cap shows a prevailing Real Value of $20.0 per share. The current price of the fund is $18.65. We determine the value of Alger Mid Cap from analyzing fund fundamentals and technical indicators as well as its Probability Of Bankruptcy. In general, we 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 Mid is currently traded on the exchange, buyers and sellers on that exchange determine the market value of Alger Mutual Fund. However, Alger Mid'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 18.65 | Real 20.0 | Hype 18.65 | Naive 18.43 |
The intrinsic value of Alger Mid'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 Mid'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 Mid Cap 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 Mid more accurately as focusing exclusively on Alger Mid's fundamentals will not take into account other important factors: Alger Mid Market Risk Analysis
Today, many novice investors tend to focus exclusively on investment returns with little concern for Alger Mid's investment risk. Standard deviation is the most common way to measure market volatility of mutual funds, such as Alger Mid Cap, and traders can use it to determine the average amount a Alger Mid'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 = 0.2835
| Best Portfolio | Best Equity | |||
| Good Returns | ||||
| Average Returns | ||||
| Small Returns | AFOIX | |||
| Cash | Small Risk | Average Risk | High Risk | Huge Risk |
| Negative Returns |
Estimated Market Risk
| 1.16 actual daily | 10 90% of assets are more volatile |
Expected Return
| 0.33 actual daily | 6 94% of assets have higher returns |
Risk-Adjusted Return
| 0.28 actual daily | 22 78% of assets perform better |
Based on monthly moving average Alger Mid is performing at about 22% 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 Mid by adding it to a well-diversified portfolio.
Alger Mid Fundamentals Growth
Alger Mutual Fund prices reflect investors' perceptions of the future prospects and financial health of Alger Mid, and Alger Mid fundamentals are critical determinants of its market performance. Overall, investors pay close attention to revenue and earnings growth, profit margins, and debt levels. These fundamentals can have a significant impact on Alger Mutual Fund performance.
| Total Asset | 58.72 M | |||
About Alger Mid Performance
Evaluating Alger Mid's performance through its fundamental ratios, provides valuable insights into its operational efficiency and profitability. For instance, if Alger Mid 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 Mid 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 mid-cap companies. In addition, under normal market conditions, it invests at least 25 percent of its total assets in companies in the following group of industries Health Care Equipment Supplies, Health Care Technology, Biotechnology, Life Sciences Tools Services, andor Software, as defined by third party sources. The fund may have 25 percent or more of its total assets invested in any one of these industries. It is non-diversified.Things to note about Alger Mid Cap performance evaluation
Checking the ongoing alerts about Alger Mid for important developments is a great way to find new opportunities for your next move. Mutual Fund alerts and notifications screener for Alger Mid Cap 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 about 6.78% of its assets under management (AUM) in cash |
- Analyzing Alger Mid'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 Mid's stock is overvalued or undervalued compared to its peers.
- Examining Alger Mid'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 Mid's management team can have a significant impact on its success or failure. Reviewing the track record and experience of Alger Mid's management team can help you assess the Mutual Fund's leadership.
- Pay attention to analyst opinions and ratings of Alger Mid's mutual fund. These opinions can provide insight into Alger Mid's potential for growth and whether the stock is currently undervalued or overvalued.
Other Information on Investing in Alger Mutual Fund
Alger Mid 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 Mid security.
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