Alger Mid Cap Growth Fund Q3 2024 Commentary - Seeking Alpha
| ALBAX Fund | USD 78.51 0.72 0.91% |
Slightly above 61% of Alger Growth's investor base is looking to short. The analysis of overall sentiment of trading Alger Growth Income mutual fund suggests that many investors are alarmed at this time. Alger Growth's investing sentiment can be driven by a variety of factors including economic data, Alger Growth's earnings reports, geopolitical events, and overall market trends.
Alger |
Alger Mid Cap Growth Fund Q3 2024 Commentary Seeking Alpha
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Alger Growth Fundamental Analysis
We analyze Alger Growth's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Alger Growth using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Alger Growth 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.
Five Year Return
Five Year Return Comparative Analysis
Alger Growth is currently under evaluation in five year return among similar funds. Five Year Return is considered one of the best measures to evaluate fund performance, especially from the mid and long term perspective. It shows the total annualized return generated from holding equity for the last five years and represents capital appreciation of the investment, including all dividends, losses, and capital gains distributions.
Alger Growth Income 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 Growth mutual fund to make a market-neutral strategy. Peer analysis of Alger Growth could also be used in its relative valuation, which is a method of valuing Alger Growth by comparing valuation metrics with similar companies.
Peers
Alger Growth Related Equities
| AAEMX | Alger Emerging | 0.46 |
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| CHUSX | Alger Global | 0.84 |
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| CHUCX | Alger Global | 0.84 |
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| AMGOX | Alger Mid | 1.38 |
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| AMGAX | Alger Midcap | 1.39 |
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| AMGCX | Alger Midcap | 1.42 |
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| AOFIX | Alger Small | 1.63 |
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| AOFYX | Alger Small | 1.67 |
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| AOFCX | Alger Small | 1.67 |
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| AOFAX | Alger Small | 1.69 |
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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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