Alger Growth Income Fund Manager Performance Evaluation
| ALBAX Fund | USD 78.51 0.72 0.91% |
The fund shows a Beta (market volatility) of 0.0519, which signifies not very significant fluctuations relative to the market. As returns on the market increase, Alger Growth's returns are expected to increase less than the market. However, during the bear market, the loss of holding Alger Growth is expected to be smaller as well.
Risk-Adjusted Performance
5 of 100
Weak | Strong |
Modest
Compared to the overall equity markets, risk-adjusted returns on investments in Alger Growth Income are ranked lower than 5 (%) of all funds and portfolios of funds over the last 90 days. In spite of fairly strong basic indicators, Alger Growth is not utilizing all of its potentials. The current stock price disturbance, may contribute to short-term losses for the investors.
...more| Expense Ratio Date | 6th of April 2023 | |
| Expense Ratio | 0.9600 |
Alger |
Alger Growth Relative Risk vs. Return Landscape
If you would invest 7,628 in Alger Growth Income on September 29, 2024 and sell it today you would earn a total of 223.00 from holding Alger Growth Income or generate 2.92% return on investment over 90 days. Alger Growth Income is currently producing 0.0486% returns and takes up 0.7557% volatility of returns over 90 trading days. Put another way, 6% of traded mutual funds are less volatile than Alger, and 99% of all traded equity instruments are likely to generate higher returns over the next 90 trading days. Expected Return |
| Risk |
Alger Growth Current Valuation
Overvalued
Today
Please note that Alger Growth's price fluctuation is very steady at this time. At this time, the entity appears to be overvalued. Alger Growth Income shows a prevailing Real Value of $72.05 per share. The current price of the fund is $78.51. We determine the value of Alger Growth Income from analyzing fund fundamentals and technical indicators as well as its Probability Of Bankruptcy. In general, we favor acquiring undervalued mutual funds and dropping overvalued mutual funds since, at some point, mutual fund prices and their ongoing real values will blend.
Since Alger Growth is currently traded on the exchange, buyers and sellers on that exchange determine the market value of Alger Mutual Fund. However, Alger Growth's intrinsic value may or may not be the same as its current market price, in which case there is an opportunity to profit from the mispricing, assuming the market price will eventually merge with its intrinsic value. | Historical | Market 78.51 | Real 72.05 | Hype 78.51 |
The intrinsic value of Alger Growth's stock can be calculated using various methods such as discounted cash flow analysis, price-to-earnings ratio, or price-to-book ratio. That value may differ from its current market price, which is determined by supply and demand factors such as investor sentiment, market trends, news, and other external factors that may influence Alger Growth's stock price. It is important to note that the real value of any stock may change over time based on changes in the company's performance.
Estimating the potential upside or downside of Alger Growth Income helps investors to forecast how Alger mutual fund's addition to their portfolios will impact the overall performance. We also use other valuation drivers to help us estimate the true value of Alger Growth more accurately as focusing exclusively on Alger Growth's fundamentals will not take into account other important factors: Alger Growth Market Risk Analysis
Today, many novice investors tend to focus exclusively on investment returns with little concern for Alger Growth's investment risk. Standard deviation is the most common way to measure market volatility of mutual funds, such as Alger Growth Income, and traders can use it to determine the average amount a Alger Growth's price has deviated from the expected return over a period of time. It is calculated by determining the expected price for the established period and then subtracting this figure from each price point. The differences are then squared, summed, and averaged to produce the variance.
Sharpe Ratio = 0.0643
| Best Portfolio | Best Equity | |||
| Good Returns | ||||
| Average Returns | ||||
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| Cash | Small Risk | Average Risk | High Risk | Huge Risk |
| Negative Returns | ALBAX |
Estimated Market Risk
| 0.76 actual daily | 6 94% of assets are more volatile |
Expected Return
| 0.05 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
| 0.06 actual daily | 5 95% of assets perform better |
Based on monthly moving average Alger Growth is performing at about 5% of its full potential. If added to a well diversified portfolio the total return can be enhanced and market risk can be reduced. You can increase risk-adjusted return of Alger Growth by adding it to a well-diversified portfolio.
Alger Growth Fundamentals Growth
Alger Mutual Fund prices reflect investors' perceptions of the future prospects and financial health of Alger Growth, and Alger Growth fundamentals are critical determinants of its market performance. Overall, investors pay close attention to revenue and earnings growth, profit margins, and debt levels. These fundamentals can have a significant impact on Alger Mutual Fund performance.
| Price To Earning | 3.18 X | ||||
| Price To Book | 2.87 X | ||||
| Price To Sales | 2.09 X | ||||
| Total Asset | 130.26 M | ||||
About Alger Growth Performance
Evaluating Alger Growth's performance through its fundamental ratios, provides valuable insights into its operational efficiency and profitability. For instance, if Alger Growth has a high ROA and ROE, it suggests that the company is efficiently using its assets and equity to generate substantial profits, making it an attractive investment. Conversely, if Alger Growth has a low ROA and ROE, it may indicate underlying issues in asset and equity management, signaling a need for operational improvements. Please also refer to our technical analysis and fundamental analysis pages.
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.Things to note about Alger Growth Income performance evaluation
Checking the ongoing alerts about Alger Growth for important developments is a great way to find new opportunities for your next move. Mutual Fund alerts and notifications screener for Alger Growth Income help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.| The fund holds 95.07% of its assets under management (AUM) in equities |
- Analyzing Alger Growth's financial statements, including its income statement, balance sheet, and cash flow statement, helps in understanding its overall financial health and growth potential.
- Getting a closer look at valuation ratios like price-to-earnings (P/E) ratio, price-to-sales (P/S) ratio, and price-to-book (P/B) ratio help in understanding whether Alger Growth's stock is overvalued or undervalued compared to its peers.
- Examining Alger Growth's industry or sector and how it is performing can give you an idea of its growth potential and how it is positioned relative to its competitors.
- Evaluating Alger Growth's management team can have a significant impact on its success or failure. Reviewing the track record and experience of Alger Growth's management team can help you assess the Mutual Fund's leadership.
- Pay attention to analyst opinions and ratings of Alger Growth's mutual fund. These opinions can provide insight into Alger Growth's potential for growth and whether the stock is currently undervalued or overvalued.
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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