Cameroon suspends ride-hailing app Yango for alleged failings
| CHUSX Fund | USD 33.32 0.16 0.48% |
Slightly above 62% of Alger Global's investor base is looking to short. The analysis of overall sentiment of trading Alger Global Growth mutual fund suggests that many investors are alarmed at this time. Alger Global's investing sentiment can be driven by a variety of factors including economic data, Alger Global's earnings reports, geopolitical events, and overall market trends.
ALGER |
Cameroon has suspended Russian ride-hailing app Yango over its alleged failure to comply with transport regulations, the African countrys transport ministry said on Wednesday. Yango, which is owned by Russian tech giant Yandex, entered the Cameroonian market in 2021 with operations in the main cities of Yaounde and Douala. The governments move follows a warning in September to Yango after transport unions complained of unfair competition.
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Alger Global Fundamental Analysis
We analyze Alger Global's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Alger Global using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Alger Global based on its fundamental data. In general, a quantitative approach, as applied to this mutual fund, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.
Five Year Return
Five Year Return Comparative Analysis
Alger Global is currently under evaluation in five year return among similar funds. Five Year Return is considered one of the best measures to evaluate fund performance, especially from the mid and long term perspective. It shows the total annualized return generated from holding equity for the last five years and represents capital appreciation of the investment, including all dividends, losses, and capital gains distributions.
Alger Global Growth Potential Pair-trading
One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with Alger Global mutual fund to make a market-neutral strategy. Peer analysis of Alger Global could also be used in its relative valuation, which is a method of valuing Alger Global by comparing valuation metrics with similar companies.
Peers
Alger Global Related Equities
| VIASP | Via Renewables | 0.77 | ||||
| TADGX | T Rowe | 0.36 | ||||
| ABHYX | High-yield Municipal | 0.33 | ||||
| LBHIX | Thrivent High | 0.24 | ||||
| BRRAY | Barloworld | 0.00 | ||||
| MSTSX | Morningstar Unconstrained | 0.08 | ||||
| PAWAX | T Rowe | 0.32 | ||||
| 444859BR2 | HUMANA | 1.70 |
Other Information on Investing in ALGER Mutual Fund
Alger Global 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 Global security.
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