Alger Smallcap One Year Return vs. Equity Positions Weight
| AGSCX Fund | USD 6.94 0.06 0.87% |
For Alger Smallcap profitability analysis, we use financial ratios and fundamental drivers that measure the ability of Alger Smallcap to generate income relative to revenue, assets, operating costs, and current equity. These fundamental indicators attest to how well Alger Smallcap Growth utilizes its assets to generate profit and value for its shareholders. The profitability module also shows relationships between Alger Smallcap's most relevant fundamental drivers. It provides multiple suggestions of what could affect the performance of Alger Smallcap Growth over time as well as its relative position and ranking within its peers.
Alger |
Alger Smallcap Growth Equity Positions Weight vs. One Year Return Fundamental Analysis
Comparative valuation techniques use various fundamental indicators to help in determining Alger Smallcap's current stock value. Our valuation model uses many indicators to compare Alger Smallcap value to that of its competitors to determine the firm's financial worth. Alger Smallcap Growth is the top fund in one year return among similar funds. It also is the top fund in equity positions weight among similar funds making about 3.58 of Equity Positions Weight per One Year Return. The reason why the comparable model can be used in almost all circumstances is due to the vast number of multiples that can be utilized, such as the price-to-earnings (P/E), price-to-book (P/B), price-to-sales (P/S), price-to-cash flow (P/CF), and many others. The P/E ratio is the most commonly used of these ratios because it focuses on the Alger Smallcap's earnings, one of the primary drivers of an investment's value.Alger Equity Positions Weight vs. One Year Return
One Year Return is the annualized return generated from holding a security for exactly 12 months. The measure is considered to be good short-term measures of fund performance. In other words, it represents the capital appreciation of fund investments over the last year. However when the market is volatile such as in recent years, One Year Return measure can be misleading.
Alger Smallcap |
| = | 26.05 % |
Although One Year Fund Return indicator can give a sense of overall fund short-term potential, it is recommended to look at mid and long term return measure before selecting a particular fund or ETF. The great way to validate fund short-term performance is to compare it with other similar funds or ETFs for the same 12 months interval.
Percentage of fund asset invested in equity instruments. About 80% of global funds and ETFs carry equity instruments on their balance sheet.
Alger Smallcap |
| = | 93.21 % |
Funds with most asset allocated to stocks can be subclassified into many different categories such as market capitalization or investment style.
Alger Equity Positions Weight Comparison
Alger Smallcap is currently under evaluation in equity positions weight among similar funds.
Alger Smallcap Profitability Projections
The most important aspect of a successful company is its ability to generate a profit. For investors in Alger Smallcap, profitability is also one of the essential criteria for including it into their portfolios because, without profit, Alger Smallcap will eventually generate negative long term returns. The profitability progress is the general direction of Alger Smallcap's change in net profit over the period of time. It can combine multiple indicators of Alger Smallcap, where stable trends show no significant progress. An accelerating trend is seen as positive, while a decreasing one is unfavorable. A rising trend means that profits are rising, and operational efficiency may be rising as well. A decreasing trend is a sign of poor performance and may indicate upcoming losses.
The fund normally invests at least 80 percent of its net assets, plus any borrowings for investment purposes, in equity securities of companies that, at the time of purchase of the securities, have a total market capitalization range of the Russell 2000 Growth Index. The Russell 2000 Growth Index is a broad-based index of small capitalization stocks. It may invest a significant portion of its assets in securities of companies conducting business within a single sector, as defined by third party sources, including the information technology, health care and consumer discretionary sectors.
Alger Profitability Driver Comparison
Profitability drivers are factors that can directly affect your investment outlook on Alger Smallcap. Investors often realize that things won't turn out the way they predict. There are maybe way too many unforeseen events and contingencies during the holding period of Alger Smallcap position where the market behavior may be hard to predict, tax policy changes, gold or oil price hikes, calamities change, and many others. The question is, are you prepared for these unexpected events? Although some of these situations are obviously beyond your control, you can still follow the important profit indicators to know where you should focus on when things like this occur. Below are some of the Alger Smallcap's important profitability drivers and their relationship over time.
Use Alger Smallcap in pair-trading
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Alger Smallcap position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Alger Smallcap will appreciate offsetting losses from the drop in the long position's value.Alger Smallcap Pair Trading
Alger Smallcap Growth Pair Trading Analysis
The ability to find closely correlated positions to Alger Smallcap could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Alger Smallcap when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Alger Smallcap - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Alger Smallcap Growth to buy it.
The correlation of Alger Smallcap is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Alger Smallcap moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Alger Smallcap Growth moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Alger Smallcap can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Use Investing Themes to Complement your Alger Smallcap position
In addition to having Alger Smallcap in your portfolios, you can quickly add positions using our predefined set of ideas and optimize them against your very unique investing style. A single investing idea is a collection of funds, stocks, ETFs, or cryptocurrencies that are programmatically selected from a pull of investment themes. After you determine your investment opportunity, you can then find an optimal portfolio that will maximize potential returns on the chosen idea or minimize its exposure to market volatility.Did You Try This Idea?
Run Small Growth Funds Thematic Idea Now
Small Growth Funds
Funds or Etfs that invest in stocks of small to mid-sized companies with above-average risk and growth rate that usually reinvest their earnings back into business. The Small Growth Funds theme has 46 constituents at this time.
You can either use a buy-and-hold strategy to lock in the entire theme or actively trade it to take advantage of the short-term price volatility of individual constituents. Macroaxis can help you discover thousands of investment opportunities in different asset classes. In addition, you can partner with us for reliable portfolio optimization as you plan to utilize Small Growth Funds Theme or any other thematic opportunities.
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Other Information on Investing in Alger Mutual Fund
To fully project Alger Smallcap's future profitability, investors should examine all historical financial statements. These statements provide investors with a comprehensive snapshot of the financial position of Alger Smallcap Growth at a specified time, usually calculated after every quarter, six months, or one year. Three primary documents fall into the category of financial statements. These documents include Alger Smallcap's income statement, its balance sheet, and the statement of cash flows.
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