Alger Mid Cap Etf Performance
| FRTY Etf | USD 20.07 0.06 0.30% |
The etf shows a Beta (market volatility) of 0.96, which signifies possible diversification benefits within a given portfolio. 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
29 of 100
Weak | Strong |
Strong
Compared to the overall equity markets, risk-adjusted returns on investments in Alger Mid Cap are ranked lower than 29 (%) of all global equities and portfolios over the last 90 days. In spite of fairly abnormal basic indicators, Alger Mid showed solid returns over the last few months and may actually be approaching a breakup point. ...more
| In Threey Sharp Ratio | -0.50 |
Alger |
Alger Mid Relative Risk vs. Return Landscape
If you would invest 1,578 in Alger Mid Cap on September 1, 2024 and sell it today you would earn a total of 429.00 from holding Alger Mid Cap or generate 27.19% return on investment over 90 days. Alger Mid Cap is currently generating 0.3817% in daily expected returns and assumes 1.0351% risk (volatility on return distribution) over the 90 days horizon. In different words, 9% of etfs are less volatile than Alger, and 93% of all traded equity instruments are projected to make higher returns than the company over the 90 days investment horizon. Expected Return |
| Risk |
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 etfs, 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 = 0.3687
| Best Portfolio | Best Equity | |||
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| Cash | Small Risk | Average Risk | High Risk | Huge Risk |
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Estimated Market Risk
| 1.04 actual daily | 9 91% of assets are more volatile |
Expected Return
| 0.38 actual daily | 7 93% of assets have higher returns |
Risk-Adjusted Return
| 0.37 actual daily | 29 71% of assets perform better |
Based on monthly moving average Alger Mid is performing at about 29% 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 Etf 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 Etf performance.
| Total Asset | 30.19 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 in equity securities of mid-cap companies. Alger Mid is traded on NYSEARCA Exchange in the United States.| The fund created three year return of -2.0% | |
| Alger Mid Cap retains 97.56% of its assets under management (AUM) in equities |
Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Alger Mid Cap. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in estimate. You can also try the Economic Indicators module to top statistical indicators that provide insights into how an economy is performing.
The market value of Alger Mid Cap is measured differently than its book value, which is the value of Alger that is recorded on the company's balance sheet. Investors also form their own opinion of Alger Mid's value that differs from its market value or its book value, called intrinsic value, which is Alger Mid's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Alger Mid's market value can be influenced by many factors that don't directly affect Alger Mid's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Alger Mid's value and its price as these two are different measures arrived at by different means. Investors typically determine if Alger Mid is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Alger Mid's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.