Alger Midcap Growth Fund Manager Performance Evaluation
| AMGCX Fund | USD 9.44 0.06 0.63% |
The fund shows a Beta (market volatility) of 1.04, which signifies a somewhat significant risk relative to the market. Alger Midcap returns are very sensitive to returns on the market. As the market goes up or down, Alger Midcap is expected to follow.
Risk-Adjusted Performance
20 of 100
Weak | Strong |
Solid
Compared to the overall equity markets, risk-adjusted returns on investments in Alger Midcap Growth are ranked lower than 20 (%) of all funds and portfolios of funds over the last 90 days. In spite of fairly weak fundamental indicators, Alger Midcap 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 | 2.1300 |
Alger |
Alger Midcap Relative Risk vs. Return Landscape
If you would invest 802.00 in Alger Midcap Growth on August 29, 2024 and sell it today you would earn a total of 148.00 from holding Alger Midcap Growth or generate 18.45% return on investment over 90 days. Alger Midcap Growth is currently producing 0.2702% returns and takes up 1.0312% volatility of returns over 90 trading days. Put another way, 9% 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 Midcap Current Valuation
Undervalued
Today
Please note that Alger Midcap's price fluctuation is very steady at this time. At this time, the entity appears to be undervalued. Alger Midcap Growth shows a prevailing Real Value of $10.09 per share. The current price of the fund is $9.44. We determine the value of Alger Midcap Growth 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 Midcap is currently traded on the exchange, buyers and sellers on that exchange determine the market value of Alger Mutual Fund. However, Alger Midcap'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 9.44 | Real 10.09 | Hype 9.5 | Naive 9.55 |
The intrinsic value of Alger Midcap'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 Midcap'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 Midcap Growth 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 Midcap more accurately as focusing exclusively on Alger Midcap's fundamentals will not take into account other important factors: Alger Midcap Market Risk Analysis
Today, many novice investors tend to focus exclusively on investment returns with little concern for Alger Midcap's investment risk. Standard deviation is the most common way to measure market volatility of mutual funds, such as Alger Midcap Growth, and traders can use it to determine the average amount a Alger Midcap'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 = 0.262
| Best Portfolio | Best Equity | |||
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| Average Returns | ||||
| Small Returns | AMGCX | |||
| Cash | Small Risk | Average Risk | High Risk | Huge Risk |
| Negative Returns |
Estimated Market Risk
| 1.03 actual daily | 9 91% of assets are more volatile |
Expected Return
| 0.27 actual daily | 5 95% of assets have higher returns |
Risk-Adjusted Return
| 0.26 actual daily | 20 80% of assets perform better |
Based on monthly moving average Alger Midcap is performing at about 20% 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 Midcap by adding it to a well-diversified portfolio.
Alger Midcap Fundamentals Growth
Alger Mutual Fund prices reflect investors' perceptions of the future prospects and financial health of Alger Midcap, and Alger Midcap 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 | 1.18 X | |||
| Price To Book | 3.82 X | |||
| Price To Sales | 2.53 X | |||
| Total Asset | 4.18 M | |||
About Alger Midcap Performance
Evaluating Alger Midcap's performance through its fundamental ratios, provides valuable insights into its operational efficiency and profitability. For instance, if Alger Midcap 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 Midcap 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 in equity securities of companies that, at the time of purchase of the securities, have total market capitalization within the range of companies included in the Russell Midcap Growth Index or the SP MidCap 400 Index, as reported by the indexes as of the most recent quarter-end. Both indexes are designed to track the performance of medium-capitalization stocks.Things to note about Alger Midcap Growth performance evaluation
Checking the ongoing alerts about Alger Midcap for important developments is a great way to find new opportunities for your next move. Mutual Fund alerts and notifications screener for Alger Midcap Growth 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 Midcap Growth holds about 7.29% of its assets under management (AUM) in cash |
- Analyzing Alger Midcap'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 Midcap's stock is overvalued or undervalued compared to its peers.
- Examining Alger Midcap'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 Midcap's management team can have a significant impact on its success or failure. Reviewing the track record and experience of Alger Midcap's management team can help you assess the Mutual Fund's leadership.
- Pay attention to analyst opinions and ratings of Alger Midcap's mutual fund. These opinions can provide insight into Alger Midcap's potential for growth and whether the stock is currently undervalued or overvalued.
Other Information on Investing in Alger Mutual Fund
Alger Midcap 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 Midcap security.
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