Alger Spectra Fund Manager Performance Evaluation
| ASPCX Fund | USD 25.86 0.14 0.54% |
The fund shows a Beta (market volatility) of 0.82, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, Alger Spectra's returns are expected to increase less than the market. However, during the bear market, the loss of holding Alger Spectra is expected to be smaller as well.
Risk-Adjusted Performance
Mild
Weak | Strong |
Compared to the overall equity markets, risk-adjusted returns on investments in Alger Spectra Fund are ranked lower than 4 (%) of all funds and portfolios of funds over the last 90 days. In spite of fairly abnormal fundamental indicators, Alger Spectra may actually be approaching a critical reversion point that can send shares even higher in February 2026.
...more1 | Closed-End vs. Open-End Funds Key Differences Explained - Investopedia | 11/04/2025 |
| Expense Ratio Date | 28th of February 2025 | |
| Expense Ratio | 2.2500 |
Alger |
Alger Spectra Relative Risk vs. Return Landscape
If you would invest 2,450 in Alger Spectra Fund on October 28, 2025 and sell it today you would earn a total of 136.00 from holding Alger Spectra Fund or generate 5.55% return on investment over 90 days. Alger Spectra Fund is currently producing 0.1025% returns and takes up 1.6921% volatility of returns over 90 trading days. Put another way, 15% of traded mutual funds are less volatile than Alger, and 98% of all traded equity instruments are likely to generate higher returns over the next 90 trading days. Expected Return |
| Risk |
Alger Spectra Current Valuation
Fairly Valued
Today
Please note that Alger Spectra's price fluctuation is very steady at this time. At this time, the entity appears to be fairly valued. Alger Spectra shows a prevailing Real Value of $25.46 per share. The current price of the fund is $25.86. We determine the value of Alger Spectra 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 Spectra is currently traded on the exchange, buyers and sellers on that exchange determine the market value of Alger Mutual Fund. However, Alger Spectra'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 25.86 | Real 25.46 | Hype 25.86 | Naive 25.55 |
The intrinsic value of Alger Spectra'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 Spectra'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 Spectra Fund 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 Spectra more accurately as focusing exclusively on Alger Spectra's fundamentals will not take into account other important factors: Alger Spectra Target Price Odds to finish over Current Price
The tendency of Alger Mutual Fund price to converge on an average value over time is a known aspect in finance that investors have used since the beginning of the stock market for forecasting. However, many studies suggest that some traded equity instruments are consistently mispriced before traders' demand and supply correct the spread. One possible conclusion to this anomaly is that these stocks have additional risk, for which investors demand compensation in the form of extra returns.
| Current Price | Horizon | Target Price | Odds to move above the current price in 90 days |
| 25.86 | 90 days | 25.86 | about 15.01 |
Based on a normal probability distribution, the odds of Alger Spectra to move above the current price in 90 days from now is about 15.01 (This Alger Spectra Fund probability density function shows the probability of Alger Mutual Fund to fall within a particular range of prices over 90 days) .
Assuming the 90 days horizon Alger Spectra has a beta of 0.82. This suggests as returns on the market go up, Alger Spectra average returns are expected to increase less than the benchmark. However, during the bear market, the loss on holding Alger Spectra Fund will be expected to be much smaller as well. Additionally Alger Spectra Fund has an alpha of 0.1005, implying that it can generate a 0.1 percent excess return over Dow Jones Industrial after adjusting for the inherited market risk (beta). Alger Spectra Price Density |
| Price |
Predictive Modules for Alger Spectra
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Alger Spectra. Regardless of method or technology, however, to accurately forecast the mutual fund market is more a matter of luck rather than a particular technique. Nevertheless, trying to predict the mutual fund market accurately is still an essential part of the overall investment decision process. Using different forecasting techniques and comparing the results might improve your chances of accuracy even though unexpected events may often change the market sentiment and impact your forecasting results.Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Alger Spectra's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Alger Spectra Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. Alger Spectra is not an exception. The market had few large corrections towards the Alger Spectra's value, including both sudden drops in prices as well as massive rallies. These swings have made and broken many portfolios. An investor can limit the violent swings in their portfolio by implementing a hedging strategy designed to limit downside losses. If you hold Alger Spectra Fund, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of Alger Spectra within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | 0.10 | |
β | Beta against Dow Jones | 0.82 | |
σ | Overall volatility | 1.39 | |
Ir | Information ratio | 0.05 |
Alger Spectra Alerts and Suggestions
In today's market, stock alerts give investors the competitive edge they need to time the market and increase returns. Checking the ongoing alerts of Alger Spectra for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for Alger Spectra can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.| The fund holds 101.76% of its assets under management (AUM) in equities |
Alger Spectra Fundamentals Growth
Alger Mutual Fund prices reflect investors' perceptions of the future prospects and financial health of Alger Spectra, and Alger Spectra 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 | 23.80 X | |||
| Price To Book | 3.86 X | |||
| Price To Sales | 2.73 X | |||
| Total Asset | 165.1 M | |||
About Alger Spectra Performance
Evaluating Alger Spectra's performance through its fundamental ratios, provides valuable insights into its operational efficiency and profitability. For instance, if Alger Spectra 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 Spectra 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 primarily in the equity securities of companies of any size that the manager believes demonstrate promising growth potential. Equity securities include common or preferred stocks that are listed on U.S. or foreign exchanges. It may invest a significant portion of its assets in securities of companies conducting business within a single sector, including the information technology, consumer discretionary, and healthcare sectors.Things to note about Alger Spectra performance evaluation
Checking the ongoing alerts about Alger Spectra for important developments is a great way to find new opportunities for your next move. Mutual Fund alerts and notifications screener for Alger Spectra 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 101.76% of its assets under management (AUM) in equities |
- Analyzing Alger Spectra'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 Spectra's stock is overvalued or undervalued compared to its peers.
- Examining Alger Spectra'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 Spectra's management team can have a significant impact on its success or failure. Reviewing the track record and experience of Alger Spectra's management team can help you assess the Mutual Fund's leadership.
- Pay attention to analyst opinions and ratings of Alger Spectra's mutual fund. These opinions can provide insight into Alger Spectra's potential for growth and whether the stock is currently undervalued or overvalued.
Other Information on Investing in Alger Mutual Fund
Alger Spectra 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 Spectra security.
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