Alger Global Financials
| AFGIX Fund | USD 33.04 0.38 1.16% |
Alger |
Please note that you must use caution to infer results of funds future performance. Investment returns and principal value will fluctuate so that investors' shares, when sold, may be worth more or less than their original cost.
Alger Global Fund Summary
Alger Global competes with Alger Midcap, Alger Midcap, Alger Mid, Alger Small, and Alger Small. Under normal circumstances, the fund invests at least 80 percent of its net assets, plus any borrowings for investment purposes, in equity securities, including common stocks, American Depositary Receipts and Global Depositary Receipts, of global companies, which include both U.S. and foreign companies, and invests significantly in foreign companies. It may invest in companies of any market capitalization, from large, well-established companies to small, emerging growth companies.Specialization | World Large-Stock Growth, Large Growth |
| Instrument | USA Mutual Fund View All |
| Exchange | NMFQS Exchange |
| Business Address | Alger China-us Growth |
| Mutual Fund Family | Alger |
| Mutual Fund Category | World Large-Stock Growth |
| Benchmark | Dow Jones Industrial |
| Phone | 800 992 3362 |
| Currency | USD - US Dollar |
Alger Financial Ratios Relationships
Comparative valuation techniques use various fundamental indicators to help in determining Alger Global's current stock value. Our valuation model uses many indicators to compare Alger Global value to that of its competitors to determine the firm's financial worth. You can analyze the relationship between different fundamental ratios across Alger Global competition to find correlations between indicators driving Alger Global's intrinsic value. More Info.Alger Global Growth is the top fund in price to earning among similar funds. It also is the top fund in price to book among similar funds fabricating about 0.12 of Price To Book per Price To Earning. The ratio of Price To Earning to Price To Book for Alger Global Growth is roughly 8.18 . 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 Global's earnings, one of the primary drivers of an investment's value.Alger Global Growth Systematic Risk
Alger Global's systematic risk plays a vital role in portfolio allocation when considering its stock to be added to a well-diversified portfolio. Alger Global volatility which cannot be eliminated through diversification, requires returns over the risk-free rate. Over the long run, a well-diversified portfolio provides returns that match its exposure to systematic risk. In this case, investors face a trade-off between expected returns and systematic risk and, therefore, can only reduce a portfolio's exposure to systematic risk by sacrificing expected returns on the portfolio.
The output start index for this execution was fourteen with a total number of output elements of fourty-seven. The Beta measures systematic risk based on how returns on Alger Global Growth correlated with the market. If Beta is less than 0 Alger Global generally moves in the opposite direction as compared to the market. If Alger Global Beta is about zero movement of price series is uncorrelated with the movement of the benchmark. if Beta is between zero and one Alger Global Growth is generally moves in the same direction as, but less than the movement of the market. For Beta = 1 movement of Alger Global is generally in the same direction as the market. If Beta > 1 Alger Global moves generally in the same direction as, but more than the movement of the benchmark.
Alger Global December 12, 2024 Opportunity Range
Along with financial statement analysis, the daily predictive indicators of Alger Global help investors to analyze its daily demand and supply, volume, patterns, and price swings to determine the real value of Alger Global Growth. We use our internally-developed statistical techniques to arrive at the intrinsic value of Alger Global Growth based on widely used predictive technical indicators. In general, we focus on analyzing Alger Mutual Fund price patterns and their correlations with different microeconomic environment and drivers. We also apply predictive analytics to build Alger Global's daily price indicators and compare them against related drivers.
| Downside Deviation | 0.8171 | |||
| Information Ratio | 0.0471 | |||
| Maximum Drawdown | 3.87 | |||
| Value At Risk | (1.39) | |||
| Potential Upside | 1.26 |
Other Information on Investing in Alger Mutual Fund
Alger Global 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 Global security.
| Financial Widgets Easily integrated Macroaxis content with over 30 different plug-and-play financial widgets | |
| Competition Analyzer Analyze and compare many basic indicators for a group of related or unrelated entities | |
| Equity Analysis Research over 250,000 global equities including funds, stocks and ETFs to find investment opportunities | |
| Volatility Analysis Get historical volatility and risk analysis based on latest market data |