Alger Funds Mid Fund Manager Performance Evaluation
| AFOZX Fund | USD 19.13 0.07 0.37% |
The fund shows a Beta (market volatility) of 1.17, which signifies a somewhat significant risk relative to the market. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, Alger Funds will likely underperform.
Risk-Adjusted Performance
23 of 100
Weak | Strong |
Solid
Compared to the overall equity markets, risk-adjusted returns on investments in Alger Funds Mid are ranked lower than 23 (%) of all funds and portfolios of funds over the last 90 days. In spite of fairly weak basic indicators, Alger Funds 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 | 0.8300 |
Alger |
Alger Funds Relative Risk vs. Return Landscape
If you would invest 1,536 in Alger Funds Mid on August 28, 2024 and sell it today you would earn a total of 377.00 from holding Alger Funds Mid or generate 24.54% return on investment over 90 days. Alger Funds Mid is currently producing 0.3562% returns and takes up 1.2104% volatility of returns over 90 trading days. Put another way, 10% of traded mutual funds are less volatile than Alger, and 93% of all traded equity instruments are likely to generate higher returns over the next 90 trading days. Expected Return |
| Risk |
Alger Funds Current Valuation
Undervalued
Today
Please note that Alger Funds' price fluctuation is very steady at this time. At this time, the entity appears to be undervalued. Alger Funds Mid shows a prevailing Real Value of $20.12 per share. The current price of the fund is $19.13. We determine the value of Alger Funds Mid 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 Funds is currently traded on the exchange, buyers and sellers on that exchange determine the market value of Alger Mutual Fund. However, Alger Funds' 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 19.13 | Real 20.12 | Hype 19.06 | Naive 19.02 |
The intrinsic value of Alger Funds' 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 Funds' 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 Funds Mid 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 Funds more accurately as focusing exclusively on Alger Funds' fundamentals will not take into account other important factors: Alger Funds Market Risk Analysis
Today, many novice investors tend to focus exclusively on investment returns with little concern for Alger Funds' investment risk. Standard deviation is the most common way to measure market volatility of mutual funds, such as Alger Funds Mid, and traders can use it to determine the average amount a Alger Funds' 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 = 0.2943
| Best Portfolio | Best Equity | |||
| Good Returns | ||||
| Average Returns | ||||
| Small Returns | AFOZX | |||
| Cash | Small Risk | Average Risk | High Risk | Huge Risk |
| Negative Returns |
Estimated Market Risk
| 1.21 actual daily | 10 90% of assets are more volatile |
Expected Return
| 0.36 actual daily | 7 93% of assets have higher returns |
Risk-Adjusted Return
| 0.29 actual daily | 23 77% of assets perform better |
Based on monthly moving average Alger Funds is performing at about 23% 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 Funds by adding it to a well-diversified portfolio.
Alger Funds Fundamentals Growth
Alger Mutual Fund prices reflect investors' perceptions of the future prospects and financial health of Alger Funds, and Alger Funds 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 | 278.24 M | ||||
About Alger Funds Performance
Evaluating Alger Funds' performance through its fundamental ratios, provides valuable insights into its operational efficiency and profitability. For instance, if Alger Funds 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 Funds 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 Funds Mid performance evaluation
Checking the ongoing alerts about Alger Funds for important developments is a great way to find new opportunities for your next move. Mutual Fund alerts and notifications screener for Alger Funds Mid help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.| The fund generated three year return of -2.0% | |
| Alger Funds Mid holds about 6.78% of its assets under management (AUM) in cash |
- Analyzing Alger Funds' 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 Funds' stock is overvalued or undervalued compared to its peers.
- Examining Alger Funds' 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 Funds' management team can have a significant impact on its success or failure. Reviewing the track record and experience of Alger Funds' management team can help you assess the Mutual Fund's leadership.
- Pay attention to analyst opinions and ratings of Alger Funds' mutual fund. These opinions can provide insight into Alger Funds' potential for growth and whether the stock is currently undervalued or overvalued.
Other Information on Investing in Alger Mutual Fund
Alger Funds 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 Funds security.
| Global Correlations Find global opportunities by holding instruments from different markets | |
| Portfolio Backtesting Avoid under-diversification and over-optimization by backtesting your portfolios | |
| Pair Correlation Compare performance and examine fundamental relationship between any two equity instruments | |
| Price Transformation Use Price Transformation models to analyze the depth of different equity instruments across global markets |