Alger Health Sciences Fund Manager Performance Evaluation
| AHSAX Fund | USD 21.73 0.04 0.18% |
The fund shows a Beta (market volatility) of 0.5, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, Alger Health's returns are expected to increase less than the market. However, during the bear market, the loss of holding Alger Health is expected to be smaller as well.
Risk-Adjusted Performance
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Weak | Strong |
Very Weak
Over the last 90 days Alger Health Sciences has generated negative risk-adjusted returns adding no value to fund investors. In spite of fairly strong basic indicators, Alger Health is not utilizing all of its potentials. The current stock price disturbance, may contribute to short-term losses for the investors.
...more| Expense Ratio Date | 6th of April 2023 | |
| Expense Ratio | 1.1300 |
Alger |
Alger Health Relative Risk vs. Return Landscape
If you would invest 2,219 in Alger Health Sciences on August 24, 2024 and sell it today you would lose (46.00) from holding Alger Health Sciences or give up 2.07% of portfolio value over 90 days. Alger Health Sciences is currently producing negative expected returns and takes up 0.7428% volatility of returns over 90 trading days. Put another way, 6% of traded mutual funds are less volatile than Alger, and 99% of all traded equity instruments are likely to generate higher returns over the next 90 trading days. Expected Return |
| Risk |
Alger Health Current Valuation
Overvalued
Today
Please note that Alger Health's price fluctuation is very steady at this time. At this time, the entity appears to be overvalued. Alger Health Sciences shows a prevailing Real Value of $20.15 per share. The current price of the fund is $21.73. We determine the value of Alger Health Sciences 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 Health is currently traded on the exchange, buyers and sellers on that exchange determine the market value of Alger Mutual Fund. However, Alger Health'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 21.73 | Real 20.15 | Hype 21.69 | Naive 21.41 |
The intrinsic value of Alger Health'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 Health'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 Health Sciences 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 Health more accurately as focusing exclusively on Alger Health's fundamentals will not take into account other important factors: Alger Health Market Risk Analysis
Today, many novice investors tend to focus exclusively on investment returns with little concern for Alger Health's investment risk. Standard deviation is the most common way to measure market volatility of mutual funds, such as Alger Health Sciences, and traders can use it to determine the average amount a Alger Health'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 = -0.0404
| Best Portfolio | Best Equity | |||
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| Cash | Small Risk | Average Risk | High Risk | Huge Risk |
| Negative Returns | AHSAX |
Estimated Market Risk
| 0.74 actual daily | 6 94% of assets are more volatile |
Expected Return
| -0.03 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
| -0.04 actual daily | 0 Most of other assets perform better |
Based on monthly moving average Alger Health is not performing at its full potential. However, 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 Health by adding Alger Health to a well-diversified portfolio.
Alger Health Fundamentals Growth
Alger Mutual Fund prices reflect investors' perceptions of the future prospects and financial health of Alger Health, and Alger Health 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 | 2.29 X | |||
| Price To Book | 4.18 X | |||
| Price To Sales | 3.03 X | |||
| Total Asset | 81.03 M | |||
About Alger Health Performance
Evaluating Alger Health's performance through its fundamental ratios, provides valuable insights into its operational efficiency and profitability. For instance, if Alger Health 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 Health 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.
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 are engaged in the health sciences sector. It can invest in foreign securities.Things to note about Alger Health Sciences performance evaluation
Checking the ongoing alerts about Alger Health for important developments is a great way to find new opportunities for your next move. Mutual Fund alerts and notifications screener for Alger Health Sciences help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.| Alger Health generated a negative expected return over the last 90 days | |
| The fund generated three year return of -9.0% | |
| Alger Health Sciences holds 94.69% of its assets under management (AUM) in equities |
- Analyzing Alger Health'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 Health's stock is overvalued or undervalued compared to its peers.
- Examining Alger Health'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 Health's management team can have a significant impact on its success or failure. Reviewing the track record and experience of Alger Health's management team can help you assess the Mutual Fund's leadership.
- Pay attention to analyst opinions and ratings of Alger Health's mutual fund. These opinions can provide insight into Alger Health's potential for growth and whether the stock is currently undervalued or overvalued.
Other Information on Investing in Alger Mutual Fund
Alger Health 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 Health security.
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