Salesforce Surprises With Q3 Sales But Quarterly Revenue Guidance Slightly Misses Expectations
| ACARX Fund | USD 38.46 0.37 0.95% |
Slightly above 67% of Alger Capital's investor base is looking to short. The analysis of overall sentiment of trading Alger Capital Appreciation mutual fund suggests that many investors are alarmed at this time. Alger Capital's investing sentiment can be driven by a variety of factors including economic data, Alger Capital's earnings reports, geopolitical events, and overall market trends.
Alger |
Customer relationship management software maker Salesforce reported Q3 CY2024 results beating Wall Streets revenue expectations, with sales up 8.3 percent year on year to 9.44 billion. On the other hand, next quarters revenue guidance of 10 billion was less impressive, coming in 0.5 percent below analysts estimates. Its non-GAAP profit of 2.41 per share was 1.5 percent below analysts consensus estimates.
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Alger Capital Fundamental Analysis
We analyze Alger Capital's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Alger Capital using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Alger Capital 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.
Net Asset
Net Asset Comparative Analysis
Alger Capital is currently under evaluation in net asset among similar funds. 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.
Alger Capital Apprec Potential Pair-trading
One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with Alger Capital mutual fund to make a market-neutral strategy. Peer analysis of Alger Capital could also be used in its relative valuation, which is a method of valuing Alger Capital by comparing valuation metrics with similar companies.
Peers
Alger Capital Related Equities
| RYSVX | Sp Smallcap | 0.42 | ||||
| GLVIX | Glg Intl | 0.17 | ||||
| UMBHX | Scout Small | 0.32 | ||||
| VYRDX | Vy Columbia | 0.33 | ||||
| TVOYX | Touchstone Small | 0.42 | ||||
| GMSMX | Guidemark Smallmid | 0.53 | ||||
| ASCGX | Lebenthal Lisanti | 2.37 |
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.
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