Alger Weatherbie Specialized Fund Manager Performance Evaluation
| ASYMX Fund | USD 15.38 0.26 1.72% |
The fund shows a Beta (market volatility) of 1.44, which signifies a somewhat significant risk relative to the market. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, Alger Weatherbie will likely underperform.
Risk-Adjusted Performance
6 of 100
Weak | Strong |
Modest
Compared to the overall equity markets, risk-adjusted returns on investments in Alger Weatherbie Specialized are ranked lower than 6 (%) of all funds and portfolios of funds over the last 90 days. In spite of fairly weak primary indicators, Alger Weatherbie may actually be approaching a critical reversion point that can send shares even higher in December 2024.
...more| Expense Ratio | 0.8900 |
Alger |
Alger Weatherbie Relative Risk vs. Return Landscape
If you would invest 1,440 in Alger Weatherbie Specialized on August 24, 2024 and sell it today you would earn a total of 98.00 from holding Alger Weatherbie Specialized or generate 6.81% return on investment over 90 days. Alger Weatherbie Specialized is currently producing 0.1109% returns and takes up 1.278% volatility of returns over 90 trading days. Put another way, 11% 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 Weatherbie Current Valuation
Overvalued
Today
Please note that Alger Weatherbie's price fluctuation is very steady at this time. At this time, the entity appears to be overvalued. Alger Weatherbie Spe shows a prevailing Real Value of $13.91 per share. The current price of the fund is $15.38. We determine the value of Alger Weatherbie Spe 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 Weatherbie is currently traded on the exchange, buyers and sellers on that exchange determine the market value of Alger Mutual Fund. However, Alger Weatherbie'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 15.38 | Real 13.91 | Hype 15.38 | Naive 15.09 |
The intrinsic value of Alger Weatherbie'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 Weatherbie'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 Weatherbie Specialized 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 Weatherbie more accurately as focusing exclusively on Alger Weatherbie's fundamentals will not take into account other important factors: Alger Weatherbie Market Risk Analysis
Today, many novice investors tend to focus exclusively on investment returns with little concern for Alger Weatherbie's investment risk. Standard deviation is the most common way to measure market volatility of mutual funds, such as Alger Weatherbie Specialized, and traders can use it to determine the average amount a Alger Weatherbie'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 = 0.0868
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| Cash | ASYMX | Average Risk | High Risk | Huge Risk |
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Estimated Market Risk
| 1.28 actual daily | 11 89% of assets are more volatile |
Expected Return
| 0.11 actual daily | 2 98% of assets have higher returns |
Risk-Adjusted Return
| 0.09 actual daily | 6 94% of assets perform better |
Based on monthly moving average Alger Weatherbie is performing at about 6% 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 Weatherbie by adding it to a well-diversified portfolio.
Alger Weatherbie Fundamentals Growth
Alger Mutual Fund prices reflect investors' perceptions of the future prospects and financial health of Alger Weatherbie, and Alger Weatherbie 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.
| Total Asset | 1.58 B | |||
About Alger Weatherbie Performance
Evaluating Alger Weatherbie's performance through its fundamental ratios, provides valuable insights into its operational efficiency and profitability. For instance, if Alger Weatherbie 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 Weatherbie 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, plus any borrowings for investment purposes, in equity securities of smallcap and midcap companies. Equity securities include common or preferred stocks that are listed on U.S. or foreign exchanges. Smallcap or midcap companies are companies that, at the time of purchase, have total market capitalization within the range of companies included in the Russell 2500 Growth Index or the Russell Midcap Growth Index, respectively, as reported by the indexes as of the most recent quarter-end.Things to note about Alger Weatherbie Spe performance evaluation
Checking the ongoing alerts about Alger Weatherbie for important developments is a great way to find new opportunities for your next move. Mutual Fund alerts and notifications screener for Alger Weatherbie Spe 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 -11.0% | |
| Alger Weatherbie Spe holds about 8.37% of its assets under management (AUM) in cash |
- Analyzing Alger Weatherbie'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 Weatherbie's stock is overvalued or undervalued compared to its peers.
- Examining Alger Weatherbie'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 Weatherbie's management team can have a significant impact on its success or failure. Reviewing the track record and experience of Alger Weatherbie's management team can help you assess the Mutual Fund's leadership.
- Pay attention to analyst opinions and ratings of Alger Weatherbie's mutual fund. These opinions can provide insight into Alger Weatherbie's potential for growth and whether the stock is currently undervalued or overvalued.
Other Information on Investing in Alger Mutual Fund
Alger Weatherbie 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 Weatherbie security.
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