Alger Spectra Fund Manager Performance Evaluation
| ASPCX Fund | USD 23.85 0.02 0.08% |
The fund shows a Beta (market volatility) of 0.94, which signifies possible diversification benefits within a given portfolio. Alger Spectra returns are very sensitive to returns on the market. As the market goes up or down, Alger Spectra is expected to follow.
Risk-Adjusted Performance
14 of 100
Weak | Strong |
Good
Compared to the overall equity markets, risk-adjusted returns on investments in Alger Spectra Fund are ranked lower than 14 (%) of all funds and portfolios of funds over the last 90 days. In spite of fairly weak fundamental indicators, Alger Spectra showed solid returns over the last few months and may actually be approaching a breakup point.
...more1 | The Best and Worst Olympics Financial Planning - Investopedia | 09/05/2024 |
| Expense Ratio Date | 6th of April 2023 | |
| Expense Ratio | 2.2900 |
Alger |
Alger Spectra Relative Risk vs. Return Landscape
If you would invest 2,071 in Alger Spectra Fund on August 27, 2024 and sell it today you would earn a total of 314.00 from holding Alger Spectra Fund or generate 15.16% return on investment over 90 days. Alger Spectra Fund is currently producing 0.2284% returns and takes up 1.2433% volatility of returns over 90 trading days. Put another way, 11% of traded mutual funds are less volatile than Alger, and 96% of all traded equity instruments are likely to generate higher returns over the next 90 trading days. Expected Return |
| Risk |
Alger Spectra Current Valuation
Undervalued
Today
Please note that Alger Spectra's price fluctuation is very steady at this time. At this time, the entity appears to be undervalued. Alger Spectra shows a prevailing Real Value of $25.76 per share. The current price of the fund is $23.85. 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 23.85 | Real 25.76 | Hype 23.86 | Naive 23.68 |
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 Market Risk Analysis
Today, many novice investors tend to focus exclusively on investment returns with little concern for Alger Spectra's investment risk. Standard deviation is the most common way to measure market volatility of mutual funds, such as Alger Spectra Fund, and traders can use it to determine the average amount a Alger Spectra'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 = 0.1837
| Best Portfolio | Best Equity | |||
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| Small Returns | ASPCX | |||
| Cash | Small Risk | Average Risk | High Risk | Huge Risk |
| Negative Returns |
Estimated Market Risk
| 1.24 actual daily | 11 89% of assets are more volatile |
Expected Return
| 0.23 actual daily | 4 96% of assets have higher returns |
Risk-Adjusted Return
| 0.18 actual daily | 14 86% of assets perform better |
Based on monthly moving average Alger Spectra is performing at about 14% 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 Spectra by adding it to a well-diversified portfolio.
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 | 213.58 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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