Alger Mid Cap Fund Manager Performance Evaluation
| AAIYX Fund | USD 13.18 0.04 0.30% |
The fund shows a Beta (market volatility) of 0.99, 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
17 of 100
Weak | Strong |
Solid
Compared to the overall equity markets, risk-adjusted returns on investments in Alger Mid Cap 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 Mid showed solid returns over the last few months and may actually be approaching a breakup point.
...more| Expense Ratio | 0.0400 |
Alger |
Alger Mid Relative Risk vs. Return Landscape
If you would invest 1,103 in Alger Mid Cap on August 24, 2024 and sell it today you would earn a total of 215.00 from holding Alger Mid Cap or generate 19.49% return on investment over 90 days. Alger Mid Cap is currently producing 0.2871% returns and takes up 1.3142% 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 Mid Current Valuation
Undervalued
Today
Please note that Alger Mid's price fluctuation is moderately volatile at this time. At this time, the entity appears to be undervalued. Alger Mid Cap shows a prevailing Real Value of $1.74 per share. The current price of the fund is $13.18. 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 13.18 | Real 1.74 | Hype 0.0 | Naive 13.04 |
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 = 0.2185
| Best Portfolio | Best Equity | |||
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| Small Returns | AAIYX | |||
| 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
| 0.29 actual daily | 5 95% of assets have higher returns |
Risk-Adjusted Return
| 0.22 actual daily | 17 83% of assets perform better |
Based on monthly moving average Alger Mid 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 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.
| Price To Earning | 22.98 X | |||
| Price To Book | 3.83 X | |||
| Price To Sales | 1.87 X | |||
| Total Asset | 9.48 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 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 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 10.48% 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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| Balance Of Power Check stock momentum by analyzing Balance Of Power indicator and other technical ratios | |
| Performance Analysis Check effects of mean-variance optimization against your current asset allocation |