Alger Midcap Growth Fund Quote
| AMGAX Fund | USD 16.44 0.06 0.37% |
Performance24 of 100
| Odds Of DistressLess than 14
|
Alger Midcap is trading at 16.44 as of the 30th of November 2024; that is 0.37% up since the beginning of the trading day. The fund's open price was 16.38. Alger Midcap has less than a 14 % chance of experiencing some financial distress in the next two years of operation and had a solid performance during the last 90 days. Equity ratings for Alger Midcap Growth are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 3rd of June 2024 and ending today, the 30th of November 2024. Click here to learn more.
Under normal circumstances, the fund invests at least 80 percent of its net assets in equity securities of companies that, at the time of purchase of the securities, have total market capitalization within the range of companies included in the Russell Midcap Growth Index or the SP MidCap 400 Index, as reported by the indexes as of the most recent quarter-end. More on Alger Midcap Growth
Moving together with Alger Mutual Fund
Alger Mutual Fund Highlights
| Fund Concentration | Alger Funds, Large Funds, Mid-Cap Growth Funds, Mid-Cap Growth, Alger (View all Sectors) |
| Update Date | 30th of September 2024 |
| Expense Ratio Date | 6th of April 2023 |
| Fiscal Year End | October |
Alger Midcap Growth [AMGAX] is traded in USA and was established 30th of November 2024. Alger Midcap is listed under Alger category by Fama And French industry classification. The fund is listed under Mid-Cap Growth category and is part of Alger family. This fund presently has accumulated 190.85 M in assets under management (AUM) with no minimum investment requirementsAlger Midcap Growth is currently producing year-to-date (YTD) return of 28.05%, while the total return for the last 3 years was -1.36%.
Check Alger Midcap Probability Of Bankruptcy
Instrument Allocation
Sector Allocation
Investors will always prefer to have their portfolios divercified against different sectors. The broad sector allocation increases the possibility of making a profit or at least avoiding a loss. However, this may also reduce the expected return on Alger Mutual Fund. Generally, it depends on diversification level and type but usually, the broader the sector allocation, the less risk can be expected from holding Alger Mutual Fund, and the less return is expected.
Institutional investors that are interested in enforcing a sector tilt in their portfolio can use exchange-traded funds, such as Alger Midcap Growth Mutual Fund, as a low-cost alternative to building a custom portfolio. So, using sector ETFs to diversify your portfolio can be a profitable strategy. However, no matter what sectors are desirable at a given time, no single industry should ever make up more than 20 percent of your stock portfolio.
Top Alger Midcap Growth Mutual Fund Constituents
| CHD | Church Dwight | Stock | Consumer Staples | |
| ROP | Roper Technologies, Common | Stock | Industrials | |
| DXCM | DexCom Inc | Stock | Health Care | |
| ETSY | Etsy Inc | Stock | Consumer Discretionary | |
| VMC | Vulcan Materials | Stock | Materials | |
| DOCU | DocuSign | Stock | Information Technology | |
| DDOG | Datadog | Stock | Information Technology | |
| TDG | Transdigm Group Incorporated | Stock | Industrials |
Alger Midcap Growth Risk Profiles
| Mean Deviation | 0.7516 | |||
| Semi Deviation | 0.7667 | |||
| Standard Deviation | 1.01 | |||
| Variance | 1.03 |
Alger Midcap Against Markets
Other Information on Investing in Alger Mutual Fund
Alger Midcap 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 Midcap security.
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