Alger Concentrated Financials
CNEYX Fund | 13.64 0.15 1.11% |
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 Concentrated Fund Summary
Alger Concentrated competes with Firsthand Technology, Pgim Jennison, Mfs Technology, Victory Rs, and Science Technology. Under normal circumstances, the fund invests at least 80 percent of its net assets, plus any borrowings for investment purposes, in equity securities of large-cap companies that the manager believes demonstrate promising growth potential. The fund is non-diversified.Specialization | Large Growth, Large Growth |
Instrument | USA Mutual Fund View All |
Exchange | NMFQS Exchange |
Mutual Fund Family | Alger |
Mutual Fund Category | Large Growth |
Benchmark | Dow Jones Industrial |
Alger Concentrated Equity Systematic Risk
Alger Concentrated's systematic risk plays a vital role in portfolio allocation when considering its stock to be added to a well-diversified portfolio. Alger Concentrated 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 Concentrated Equity correlated with the market. If Beta is less than 0 Alger Concentrated generally moves in the opposite direction as compared to the market. If Alger Concentrated Beta is about zero movement of price series is uncorrelated with the movement of the benchmark. if Beta is between zero and one Alger Concentrated Equity is generally moves in the same direction as, but less than the movement of the market. For Beta = 1 movement of Alger Concentrated is generally in the same direction as the market. If Beta > 1 Alger Concentrated moves generally in the same direction as, but more than the movement of the benchmark.
Alger Concentrated December 10, 2024 Opportunity Range
Along with financial statement analysis, the daily predictive indicators of Alger Concentrated help investors to analyze its daily demand and supply, volume, patterns, and price swings to determine the real value of Alger Concentrated Equity. We use our internally-developed statistical techniques to arrive at the intrinsic value of Alger Concentrated Equity 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 Concentrated's daily price indicators and compare them against related drivers.
Downside Deviation | 1.36 | |||
Information Ratio | 0.1949 | |||
Maximum Drawdown | 6.23 | |||
Value At Risk | (1.57) | |||
Potential Upside | 2.23 |
Other Information on Investing in Alger Mutual Fund
Alger Concentrated 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 Concentrated security.
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