Alger Capital Appreciation Fund Manager Performance Evaluation
| ALZFX Fund | USD 82.31 0.01 0.01% |
The fund shows a Beta (market volatility) of 0.94, which signifies possible diversification benefits within a given portfolio. Alger Capital returns are very sensitive to returns on the market. As the market goes up or down, Alger Capital is expected to follow.
Risk-Adjusted Performance
16 of 100
Weak | Strong |
Solid
Compared to the overall equity markets, risk-adjusted returns on investments in Alger Capital Appreciation are ranked lower than 16 (%) of all funds and portfolios of funds over the last 90 days. In spite of fairly weak technical and fundamental indicators, Alger Capital 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 | 0.6300 |
Alger |
Alger Capital Relative Risk vs. Return Landscape
If you would invest 6,970 in Alger Capital Appreciation on August 26, 2024 and sell it today you would earn a total of 1,261 from holding Alger Capital Appreciation or generate 18.09% return on investment over 90 days. Alger Capital Appreciation is currently producing 0.2636% returns and takes up 1.2288% volatility of returns over 90 trading days. Put another way, 10% 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 Capital Current Valuation
Undervalued
Today
Please note that Alger Capital's price fluctuation is very steady at this time. At this time, the entity appears to be undervalued. Alger Capital Apprec shows a prevailing Real Value of $87.26 per share. The current price of the fund is $82.31. We determine the value of Alger Capital Apprec 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 Capital is currently traded on the exchange, buyers and sellers on that exchange determine the market value of Alger Mutual Fund. However, Alger Capital'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 82.31 | Real 87.26 | Hype 82.31 | Naive 81.7 |
The intrinsic value of Alger Capital'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 Capital'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 Capital Appreciation 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 Capital more accurately as focusing exclusively on Alger Capital's fundamentals will not take into account other important factors: Alger Capital Market Risk Analysis
Today, many novice investors tend to focus exclusively on investment returns with little concern for Alger Capital's investment risk. Standard deviation is the most common way to measure market volatility of mutual funds, such as Alger Capital Appreciation, and traders can use it to determine the average amount a Alger Capital'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 = 0.2145
| Best Portfolio | Best Equity | |||
| Good Returns | ||||
| Average Returns | ||||
| Small Returns | ALZFX | |||
| Cash | Small Risk | Average Risk | High Risk | Huge Risk |
| Negative Returns |
Estimated Market Risk
| 1.23 actual daily | 10 90% of assets are more volatile |
Expected Return
| 0.26 actual daily | 5 95% of assets have higher returns |
Risk-Adjusted Return
| 0.21 actual daily | 16 84% of assets perform better |
Based on monthly moving average Alger Capital is performing at about 16% 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 Capital by adding it to a well-diversified portfolio.
Alger Capital Fundamentals Growth
Alger Mutual Fund prices reflect investors' perceptions of the future prospects and financial health of Alger Capital, and Alger Capital 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 | 2.01 X | ||||
| Price To Book | 3.21 X | ||||
| Price To Sales | 2.53 X | ||||
| Total Asset | 951.6 M | ||||
About Alger Capital Performance
Evaluating Alger Capital's performance through its fundamental ratios, provides valuable insights into its operational efficiency and profitability. For instance, if Alger Capital 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 Capital 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 advisor intends to invest a substantial portion of its assets in a smaller number of issuers. Generally, the fund will own approximately 50 holdings. Fund holdings may occasionally differ from this number for a variety of reasons. The fund may engage in active trading of portfolio securities.Things to note about Alger Capital Apprec performance evaluation
Checking the ongoing alerts about Alger Capital for important developments is a great way to find new opportunities for your next move. Mutual Fund alerts and notifications screener for Alger Capital Apprec 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 97.5% of its assets under management (AUM) in equities |
- Analyzing Alger Capital'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 Capital's stock is overvalued or undervalued compared to its peers.
- Examining Alger Capital'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 Capital's management team can have a significant impact on its success or failure. Reviewing the track record and experience of Alger Capital's management team can help you assess the Mutual Fund's leadership.
- Pay attention to analyst opinions and ratings of Alger Capital's mutual fund. These opinions can provide insight into Alger Capital's potential for growth and whether the stock is currently undervalued or overvalued.
Other Information on Investing in Alger Mutual Fund
Alger Capital 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 Capital security.
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