Alger Growth Financials
| ALBAX Fund | USD 79.23 0.13 0.16% |
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 Growth Fund Summary
Alger Growth competes with Alger Midcap, Alger Midcap, Alger Mid, Alger Small, and Alger Small. The advisor intends to invest at least 65 percent of its total assets in dividend paying equity securities. The fund may invest up to 35 percent of its total assets in equity securities that do not pay dividends or in money market instruments and repurchase agreements. The advisor focuses on growing companies that, at the time of purchase of the securities, have a market capitalization equal to or greater than the market capitalization of companies included in the SP 500 Index, as reported by the index as of the most recent quarter-end.Specialization | Large Blend, Large Value |
| Instrument | USA Mutual Fund View All |
| Exchange | NMFQS Exchange |
| Business Address | Alger Funds |
| Mutual Fund Family | Alger |
| Mutual Fund Category | Large Blend |
| Benchmark | Dow Jones Industrial |
| Phone | 800 992 3863 |
| Currency | USD - US Dollar |
Alger Growth Key Financial Ratios
Alger Financial Ratios Relationships
Comparative valuation techniques use various fundamental indicators to help in determining Alger Growth's current stock value. Our valuation model uses many indicators to compare Alger Growth value to that of its competitors to determine the firm's financial worth. You can analyze the relationship between different fundamental ratios across Alger Growth competition to find correlations between indicators driving Alger Growth's intrinsic value. More Info.Alger Growth Income 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 0.90 of Price To Book per Price To Earning. The ratio of Price To Earning to Price To Book for Alger Growth Income is roughly 1.11 . 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 Growth's earnings, one of the primary drivers of an investment's value.Alger Growth Income Systematic Risk
Alger Growth's systematic risk plays a vital role in portfolio allocation when considering its stock to be added to a well-diversified portfolio. Alger Growth 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.
Incorrect Input. Please change your parameters or increase the time horizon required for running this function. The output start index for this execution was zero with a total number of output elements of zero. The Beta measures systematic risk based on how returns on Alger Growth Income correlated with the market. If Beta is less than 0 Alger Growth generally moves in the opposite direction as compared to the market. If Alger Growth Beta is about zero movement of price series is uncorrelated with the movement of the benchmark. if Beta is between zero and one Alger Growth Income is generally moves in the same direction as, but less than the movement of the market. For Beta = 1 movement of Alger Growth is generally in the same direction as the market. If Beta > 1 Alger Growth moves generally in the same direction as, but more than the movement of the benchmark.
Alger Growth December 27, 2024 Opportunity Range
Along with financial statement analysis, the daily predictive indicators of Alger Growth help investors to analyze its daily demand and supply, volume, patterns, and price swings to determine the real value of Alger Growth Income. We use our internally-developed statistical techniques to arrive at the intrinsic value of Alger Growth Income 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 Growth's daily price indicators and compare them against related drivers.
| Downside Deviation | 0.8571 | |||
| Information Ratio | 0.0155 | |||
| Maximum Drawdown | 5.02 | |||
| Value At Risk | (1.02) | |||
| Potential Upside | 0.9959 |
Other Information on Investing in Alger Mutual Fund
Alger Growth 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 Growth security.
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