Alger 35 Fund Fundamentals
| ATVPX Fund | USD 18.31 0.24 1.33% |
Alger 35 Fund fundamentals help investors to digest information that contributes to Alger 35's financial success or failures. It also enables traders to predict the movement of Alger Mutual Fund. The fundamental analysis module provides a way to measure Alger 35's intrinsic value by examining its available economic and financial indicators, including the cash flow records, the balance sheet account changes, the income statement patterns, and various microeconomic indicators and financial ratios related to Alger 35 mutual fund.
Alger |
Alger 35 Fund Mutual Fund Net Asset Analysis
Alger 35's Net Asset is the current market value of a fund less its liabilities. In a nutshell, if the fund is liquidated or all of the assets is sold out, the net asset will be the amount that the shareholders would demand back from the fund.
Current Alger 35 Net Asset | 9.35 M |
Most of Alger 35's fundamental indicators, such as Net Asset, are part of a valuation analysis module that helps investors searching for stocks that are currently trading at higher or lower prices than their real value. If the real value is higher than the market price, Alger 35 Fund is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.
Net Asset is the value used in calculating NAV of a fund. NAV (or Net Asset Value) is computed once a day based on the formula that uses closing prices of all positions in the fund's portfolio.
| Competition |
Based on the recorded statements, Alger 35 Fund has a Net Asset of 9.35 M. This is much higher than that of the Alger family and significantly higher than that of the Large Growth category. The net asset for all United States funds is notably lower than that of the firm.
Alger 35 Fund Fundamental Drivers Relationships
Comparative valuation techniques use various fundamental indicators to help in determining Alger 35's current stock value. Our valuation model uses many indicators to compare Alger 35 value to that of its competitors to determine the firm's financial worth. You can analyze the relationship between different fundamental ratios across Alger 35 competition to find correlations between indicators driving Alger 35's intrinsic value. More Info.Alger 35 Fund 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 1.21 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 35's earnings, one of the primary drivers of an investment's value.Alger Net Asset Peer Comparison
Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses Alger 35's direct or indirect competition against its Net Asset to detect undervalued stocks with similar characteristics or determine the mutual funds which would be a good addition to a portfolio. Peer analysis of Alger 35 could also be used in its relative valuation, which is a method of valuing Alger 35 by comparing valuation metrics of similar companies.Alger 35 is currently under evaluation in net asset among similar funds.
Fund Asset Allocation for Alger 35
The fund consists of 98.79% investments in stocks, with the rest of investments allocated between different money market instruments.Asset allocation divides Alger 35's investment portfolio among different asset categories to balance risk and reward by investing in a diversified mix of instruments that align with the investor's goals, risk tolerance, and time horizon. Mutual funds, which pool money from multiple investors to buy a diversified portfolio of securities, use asset allocation strategies to manage the risk and return of their portfolios.
Mutual funds allocate their assets by investing in a diversified portfolio of securities, such as stocks, bonds, cryptocurrencies and cash. The specific mix of these securities is determined by the fund's investment objective and strategy. For example, a stock mutual fund may invest primarily in equities, while a bond mutual fund may invest mainly in fixed-income securities. The fund's manager, responsible for making investment decisions, will buy and sell securities in the fund's portfolio as market conditions and the fund's objectives change.
Alger Fundamentals
| Total Asset | 39.88 M | ||||
| Year To Date Return | 51.01 % | ||||
| One Year Return | 61.96 % | ||||
| Three Year Return | 6.57 % | ||||
| Five Year Return | 18.80 % | ||||
| Net Asset | 9.35 M | ||||
| Minimum Initial Investment | 500 K | ||||
| Cash Position Weight | 1.21 % | ||||
| Equity Positions Weight | 98.79 % |
About Alger 35 Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze Alger 35 Fund's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Alger 35 using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Alger 35 Fund based on its fundamental data. In general, a quantitative approach, as applied to this mutual fund, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.
Please read more on our fundamental analysis page.Under normal circumstances, the fund invests in a 35-stock portfolio of equity securities of companies of any market capitalization that the manager believes are undergoing Positive Dynamic Change. Equity securities include common or preferred stocks, or securities convertible into or exchangeable for equity securities, including warrants and rights. The fund may invest in companies whose securities are traded on domestic or foreign exchanges. It is non-diversified.
Also Currently Popular
Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.Other Information on Investing in Alger Mutual Fund
Alger 35 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 35 security.
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