Alger Spectra Price To Earning vs. Equity Positions Weight
| ASPIX Fund | USD 30.75 0.28 0.92% |
For Alger Spectra profitability analysis, we use financial ratios and fundamental drivers that measure the ability of Alger Spectra to generate income relative to revenue, assets, operating costs, and current equity. These fundamental indicators attest to how well Alger Spectra Fund utilizes its assets to generate profit and value for its shareholders. The profitability module also shows relationships between Alger Spectra's most relevant fundamental drivers. It provides multiple suggestions of what could affect the performance of Alger Spectra Fund over time as well as its relative position and ranking within its peers.
Alger |
Alger Spectra Equity Positions Weight vs. Price To Earning Fundamental Analysis
Comparative valuation techniques use various fundamental indicators to help in determining Alger Spectra's current stock value. Our valuation model uses many indicators to compare Alger Spectra value to that of its competitors to determine the firm's financial worth. Alger Spectra Fund is the top fund in price to earning among similar funds. It also is the top fund in equity positions weight among similar funds making about 4.27 of Equity Positions Weight per Price To Earning. 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 Spectra's earnings, one of the primary drivers of an investment's value.Alger Equity Positions Weight vs. Price To Earning
Price to Earnings ratio is typically used for current valuation of a company and is one of the most popular ratios that investors monitor daily. Holding a low PE stock is less risky because when a company's profitability falls, it is likely that earnings will also go down as well. In other words, if you start from a lower position, your downside risk is limited. There are also some investors who believe that low Price to Earnings ratio reflects the low pricing because a given company is in trouble. On the other hand, a higher PE ratio means that investors are paying more for each unit of profit.
Alger Spectra |
| = | 23.32 X |
Generally speaking, the Price to Earnings ratio gives investors an idea of what the market is willing to pay for the company's current earnings.
Percentage of fund asset invested in equity instruments. About 80% of global funds and ETFs carry equity instruments on their balance sheet.
Alger Spectra |
| = | 99.50 % |
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 Spectra is currently under evaluation in equity positions weight among similar funds.
Alger Spectra Profitability Projections
The most important aspect of a successful company is its ability to generate a profit. For investors in Alger Spectra, profitability is also one of the essential criteria for including it into their portfolios because, without profit, Alger Spectra will eventually generate negative long term returns. The profitability progress is the general direction of Alger Spectra's change in net profit over the period of time. It can combine multiple indicators of Alger Spectra, 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 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.
Alger Profitability Driver Comparison
Profitability drivers are factors that can directly affect your investment outlook on Alger Spectra. 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 Spectra 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 Spectra's important profitability drivers and their relationship over time.
Use Alger Spectra 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 Spectra 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 Spectra will appreciate offsetting losses from the drop in the long position's value.Alger Spectra Pair Trading
Alger Spectra Fund Pair Trading Analysis
The ability to find closely correlated positions to Alger Spectra 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 Spectra 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 Spectra - 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 Spectra Fund to buy it.
The correlation of Alger Spectra 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 Spectra moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Alger Spectra 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 Spectra 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 Spectra position
In addition to having Alger Spectra 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 Railroads Thematic Idea Now
Railroads
Companies involved in manufacturing and maintenance of freight railroads and passenger trains as well as providing railroad services to public. The Railroads theme has 43 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 Railroads Theme or any other thematic opportunities.
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Other Information on Investing in Alger Mutual Fund
To fully project Alger Spectra's future profitability, investors should examine all historical financial statements. These statements provide investors with a comprehensive snapshot of the financial position of Alger Spectra 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 Spectra's income statement, its balance sheet, and the statement of cash flows.
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