Alger Spectra Financials

ASPYX Fund  USD 34.19  0.35  1.03%   
Financial data analysis helps to double-check if markets are presently mispricing Alger Spectra. We have analyzed and interpolated eleven available fundamental indicators for Alger Spectra, which can be compared to its peers. The fund experiences a large bullish trend. Check odds of Alger Spectra to be traded at $37.61 in 90 days.
  
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 Spectra Fund Summary

Alger Spectra competes with Davis Real, Tiaa-cref Real, Neuberger Berman, Simt Real, and Vy(r) Clarion. 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.
Specialization
Large Growth, Large Growth
InstrumentUSA Mutual Fund View All
ExchangeNMFQS Exchange
Business AddressAlger Funds II
Mutual Fund FamilyAlger
Mutual Fund CategoryLarge Growth
BenchmarkDow Jones Industrial
Phone800 992 3863
CurrencyUSD - US Dollar

Alger Financial Ratios Relationships

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. You can analyze the relationship between different fundamental ratios across Alger Spectra competition to find correlations between indicators driving Alger Spectra's intrinsic value. More Info.
Alger Spectra is the top fund in year to date return among similar funds. It also is the top fund in one year return among similar funds reporting about  1.14  of One Year Return per Year To Date 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 Spectra's earnings, one of the primary drivers of an investment's value.

Alger Spectra Systematic Risk

Alger Spectra's systematic risk plays a vital role in portfolio allocation when considering its stock to be added to a well-diversified portfolio. Alger Spectra 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 twelve with a total number of output elements of fourty-nine. The Beta measures systematic risk based on how returns on Alger Spectra correlated with the market. If Beta is less than 0 Alger Spectra generally moves in the opposite direction as compared to the market. If Alger Spectra Beta is about zero movement of price series is uncorrelated with the movement of the benchmark. if Beta is between zero and one Alger Spectra is generally moves in the same direction as, but less than the movement of the market. For Beta = 1 movement of Alger Spectra is generally in the same direction as the market. If Beta > 1 Alger Spectra moves generally in the same direction as, but more than the movement of the benchmark.
Alger Spectra is the top fund in net asset among similar funds. Total Asset Under Management (AUM) of Large Growth category is currently estimated at about 9.4 Billion. Alger Spectra totals roughly 5.23 Billion in net asset claiming about 56% of funds under Large Growth category.

Alger Spectra December 9, 2024 Opportunity Range

Along with financial statement analysis, the daily predictive indicators of Alger Spectra help investors to analyze its daily demand and supply, volume, patterns, and price swings to determine the real value of Alger Spectra. We use our internally-developed statistical techniques to arrive at the intrinsic value of Alger Spectra 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 Spectra's daily price indicators and compare them against related drivers.

Other Information on Investing in Alger Mutual Fund

Alger Spectra 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 Spectra security.
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