Alger Capital Appreciation Fund Buy Hold or Sell Recommendation

ALCFX Fund  USD 74.38  0.62  0.84%   
Assuming the 90 days horizon and your above-average risk tolerance, our recommendation regarding Alger Capital Appreciation is 'Strong Buy'. A buy or sell recommendation is an automated directive regarding whether to purchase or sell Alger Capital Appreciation given historical horizon and risk tolerance. When we issue a 'buy' or 'sell' recommendation for Alger Capital Appreciation, the advice is generated through an automated system that utilizes algorithms and statistical models.
  
Check out Alger Capital Analyst Recommendation to compare Macroaxis Buy or Sell Recommendation with the current analyst consensus. To check ratings for multiple equity instruments, please use the Instant Ratings tool.
Note, we conduct extensive research on individual funds such as Alger and provide practical buy, sell, or hold recommendation based on investors' investing horizon and their risk tolerance towards Alger Capital Appreciation. Also, note that the market value of any mutual fund could be closely tied with the direction of predictive economic indicators such as signals in census.

Execute Alger Capital Buy or Sell Advice

The Alger recommendation should be used to complement the buy-or-sell advice compiled from the current analysts' consensus on Alger Capital Appreciation. Macroaxis does not own or have any residual interests in Alger Capital Appreciation or other equities on which the buy-or-sell advice is provided. Please provide your input below to execute Alger Capital's advice using the current market data and latest reported fundamentals.

Time Horizon

Risk Tolerance

Execute Advice
Sell Alger CapitalBuy Alger Capital
Strong Buy

Market Performance

StrongDetails

Volatility

Very steadyDetails

Hype Condition

StaleDetails

Current Valuation

UndervaluedDetails

Odds Of Distress

LowDetails

Economic Sensitivity

Barely shadows the marketDetails

Analyst Consensus

Not AvailableDetails
For the selected time horizon Alger Capital Appreciation has a Risk Adjusted Performance of 0.2535, Jensen Alpha of 0.2681, Total Risk Alpha of 0.1716, Sortino Ratio of 0.1962 and Treynor Ratio of 0.4724
Macroaxis provides unbiased investment recommendation on Alger Capital Apprec that should be used to complement current analysts and expert consensus on Alger Capital Appreciation. Our trade advice engine determines the fund's potential to grow exclusively from the perspective of an investors' current risk tolerance and investing horizon. Please makes use of Alger Capital total asset and five year return to make buy, hold, or sell decision on Alger Capital Apprec.

Alger Capital Trading Alerts and Improvement Suggestions

The fund holds 97.5% of its assets under management (AUM) in equities

Alger Capital Returns Distribution Density

The distribution of Alger Capital's historical returns is an attempt to chart the uncertainty of Alger Capital's future price movements. The chart of the probability distribution of Alger Capital daily returns describes the distribution of returns around its average expected value. We use Alger Capital Appreciation price's Value At Risk and its Upside Potential as a relative measure of the distribution. The graph of the distribution of Alger Capital returns is essential to provide solid investment advice for Alger Capital.
Mean Return
0.38
Value At Risk
-1.39
Potential Upside
2.37
Standard Deviation
1.13
   Return Density   
       Distribution  
Investment risk management requires an estimate of the probability of extreme price changes. Therefore, the correct representation of the distribution of Alger Capital historical returns presented in an easy-to-digest graphical form helps investors and money managers understand the risk-reward trade-off of different investement strategies.

Alger Capital Greeks

Most traded equities are subject to two types of risk - systematic (i.e., market) and unsystematic (i.e., nonmarket or company-specific) risk. Unsystematic risk is the risk that events specific to Alger Capital or Alger sector will adversely affect the stock's price. This type of risk can be diversified away by owning several different stocks in different industries whose stock prices have shown a small correlation to each other. On the other hand, systematic risk is the risk that Alger Capital's price will be affected by overall mutual fund market movements and cannot be diversified away. So, no matter how many positions you have, you cannot eliminate market risk. However, you can measure a Alger fund's historical response to market movements and buy it if you are comfortable with its volatility direction. Beta and standard deviation are two commonly used measures to help you make the right decision.
α
Alpha over Dow Jones
0.27
β
Beta against Dow Jones0.78
σ
Overall volatility
1.07
Ir
Information ratio 0.21

Alger Capital Volatility Alert

Alger Capital Appreciation has relatively low volatility with skewness of -0.18 and kurtosis of 1.14. Understanding different market volatility trends often help investors to time the market. Properly using volatility indicators enable traders to measure Alger Capital's mutual fund risk against market volatility during both bullish and bearish trends. The higher level of volatility that comes with bear markets can directly impact Alger Capital's mutual fund price while adding stress to investors as they watch their shares' value plummet. This usually forces investors to rebalance their portfolios by buying different financial instruments as prices fall.

Alger Capital Fundamentals Vs Peers

Comparing Alger Capital's fundamentals to the average values of its peers is one of the most widely used and accepted methods of equity analyses. It helps to analyze Alger Capital's direct or indirect competition across all of the common fundamentals between Alger Capital and the related equities. This way, we can detect undervalued stocks with similar characteristics as Alger Capital or determine the mutual funds which would be an excellent addition to an existing portfolio. Peer analysis of Alger Capital's fundamental indicators could also be used in its relative valuation, which is a method of valuing Alger Capital by comparing valuation metrics with those of similar companies.
    
 Better Than Average     
    
 Worse Than Average Compare Alger Capital to competition
FundamentalsAlger CapitalPeer Average
Price To Earning1.76 X6.53 X
Annual Yield0.0003 %0.29 %
Year To Date Return58.19 %0.39 %
One Year Return66.91 %4.15 %
Three Year Return13.71 %3.60 %
Five Year Return20.57 %3.24 %
Ten Year Return14.66 %1.79 %
Net Asset1.3 B4.11 B
Cash Position Weight2.50 %10.61 %
Equity Positions Weight97.50 %63.90 %

Alger Capital Market Momentum

Traders often use several daily momentume indicators to supplement a more traditional technical analysis when analyzing securities such as Alger . With many different options, investors must choose the best indicators for them and familiarize themselves with how they work. We suggest combining traditional momentum indicators with more near-term forms of technical analysis such as Accumulation Distribution or Daily Balance Of Power. With their quantitative nature, daily value technical indicators can also be incorporated into your automated trading systems.

About Alger Capital Buy or Sell Advice

When is the right time to buy or sell Alger Capital Appreciation? Buying financial instruments such as Alger Mutual Fund isn't very hard. However, what challenging for most investors is doing it at the right time to beat the market. Proper market timing is something most people cannot do without sophisticated tools, which help to isolate the right opportunities. Macroaxis provides hands-on modules to deliver winning trades and diversify your portfolios on a daily basis. Most of our advising modules are very easy to use and apply.
Please read more on our stock advisor page.

Use Investing Ideas to Build Portfolios

In addition to having Alger Capital in your portfolios, you can quickly add positions using our predefined set of ideas and optimize them against your very unique investing style. A single investing idea is a collection of funds, stocks, ETFs, or cryptocurrencies that are programmatically selected from a pull of investment themes. After you determine your investment opportunity, you can then find an optimal portfolio that will maximize potential returns on the chosen idea or minimize its exposure to market volatility.

Did You Try This Idea?

Run Target Outcome ETFs Thematic Idea Now

Target Outcome ETFs
Target Outcome ETFs Theme
ETF themes focus on helping investors to gain exposure to a broad range of assets, diversify, and lower overall costs. The Target Outcome ETFs theme has 93 constituents at this time.
You can either use a buy-and-hold strategy to lock in the entire theme or actively trade it to take advantage of the short-term price volatility of individual constituents. Macroaxis can help you discover thousands of investment opportunities in different asset classes. In addition, you can partner with us for reliable portfolio optimization as you plan to utilize Target Outcome ETFs Theme or any other thematic opportunities.
View All  Next Launch

Other Information on Investing in Alger Mutual Fund

Alger Capital 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 Capital security.
Portfolio Anywhere
Track or share privately all of your investments from the convenience of any device
ETFs
Find actively traded Exchange Traded Funds (ETF) from around the world
Portfolio Optimization
Compute new portfolio that will generate highest expected return given your specified tolerance for risk
Bonds Directory
Find actively traded corporate debentures issued by US companies