Alger Responsible Financials
| AGIFX Fund | USD 19.74 0.08 0.41% |
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 Responsible Fund Summary
Alger Responsible competes with Vanguard Financials, Mesirow Financial, Prudential Jennison, Fidelity Advisor, and Rmb Mendon. The fund invests at least 80 percent of its net assets, plus any borrowings for investment purposes, in equity securities of companies of any size with an environmental, social and governance rating of average or above by a third-party ESG rating agency that also demonstrate, in the view of the Manager, promising growth potential.Specialization | Large Growth, Large Growth |
| Instrument | USA Mutual Fund View All |
| Exchange | NMFQS Exchange |
| Business Address | Alger Funds II |
| Mutual Fund Family | Alger |
| Mutual Fund Category | Large 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 Responsible's current stock value. Our valuation model uses many indicators to compare Alger Responsible value to that of its competitors to determine the firm's financial worth. You can analyze the relationship between different fundamental ratios across Alger Responsible competition to find correlations between indicators driving Alger Responsible's intrinsic value. More Info.Alger Responsible Investing 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 0.16 of Price To Book per Price To Earning. The ratio of Price To Earning to Price To Book for Alger Responsible Investing is roughly 6.24 . 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 Responsible's earnings, one of the primary drivers of an investment's value.Alger Responsible Systematic Risk
Alger Responsible's systematic risk plays a vital role in portfolio allocation when considering its stock to be added to a well-diversified portfolio. Alger Responsible 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 ten with a total number of output elements of fifty-one. The Beta measures systematic risk based on how returns on Alger Responsible correlated with the market. If Beta is less than 0 Alger Responsible generally moves in the opposite direction as compared to the market. If Alger Responsible Beta is about zero movement of price series is uncorrelated with the movement of the benchmark. if Beta is between zero and one Alger Responsible is generally moves in the same direction as, but less than the movement of the market. For Beta = 1 movement of Alger Responsible is generally in the same direction as the market. If Beta > 1 Alger Responsible moves generally in the same direction as, but more than the movement of the benchmark.
Alger Responsible December 9, 2024 Opportunity Range
Along with financial statement analysis, the daily predictive indicators of Alger Responsible help investors to analyze its daily demand and supply, volume, patterns, and price swings to determine the real value of Alger Responsible Investing. We use our internally-developed statistical techniques to arrive at the intrinsic value of Alger Responsible Investing 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 Responsible's daily price indicators and compare them against related drivers.
| Downside Deviation | 1.16 | |||
| Information Ratio | 0.083 | |||
| Maximum Drawdown | 4.93 | |||
| Value At Risk | (1.45) | |||
| Potential Upside | 1.59 |
Other Information on Investing in Alger Mutual Fund
Alger Responsible 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 Responsible security.
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