Alger Global Growth Fund Manager Performance Evaluation
| AFGZX Fund | USD 34.94 0.20 0.57% |
The fund shows a Beta (market volatility) of 0.79, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, Alger Global's returns are expected to increase less than the market. However, during the bear market, the loss of holding Alger Global is expected to be smaller as well.
Risk-Adjusted Performance
10 of 100
Weak | Strong |
OK
Compared to the overall equity markets, risk-adjusted returns on investments in Alger Global Growth are ranked lower than 10 (%) of all funds and portfolios of funds over the last 90 days. In spite of fairly weak basic indicators, Alger Global may actually be approaching a critical reversion point that can send shares even higher in January 2025.
...more| Expense Ratio | 0.9900 |
Alger |
Alger Global Relative Risk vs. Return Landscape
If you would invest 3,273 in Alger Global Growth on September 12, 2024 and sell it today you would earn a total of 221.00 from holding Alger Global Growth or generate 6.75% return on investment over 90 days. Alger Global Growth is currently producing 0.1067% returns and takes up 0.7739% volatility of returns over 90 trading days. Put another way, 6% of traded mutual funds are less volatile than Alger, and 98% of all traded equity instruments are likely to generate higher returns over the next 90 trading days. Expected Return |
| Risk |
Alger Global Current Valuation
Fairly Valued
Today
Please note that Alger Global's price fluctuation is very steady at this time. At this time, the entity appears to be fairly valued. Alger Global Growth shows a prevailing Real Value of $35.1 per share. The current price of the fund is $34.94. We determine the value of Alger Global Growth 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 Global is currently traded on the exchange, buyers and sellers on that exchange determine the market value of Alger Mutual Fund. However, Alger Global'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 34.94 | Real 35.1 | Hype 34.94 | Naive 35.05 |
The intrinsic value of Alger Global'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 Global'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 Global Growth 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 Global more accurately as focusing exclusively on Alger Global's fundamentals will not take into account other important factors: Alger Global Market Risk Analysis
Today, many novice investors tend to focus exclusively on investment returns with little concern for Alger Global's investment risk. Standard deviation is the most common way to measure market volatility of mutual funds, such as Alger Global Growth, and traders can use it to determine the average amount a Alger Global'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 = 0.1379
| Best Portfolio | Best Equity | |||
| Good Returns | ||||
| Average Returns | ||||
| Small Returns | ||||
| Cash | AFGZX | Average Risk | High Risk | Huge Risk |
| Negative Returns |
Estimated Market Risk
| 0.77 actual daily | 6 94% of assets are more volatile |
Expected Return
| 0.11 actual daily | 2 98% of assets have higher returns |
Risk-Adjusted Return
| 0.14 actual daily | 10 90% of assets perform better |
Based on monthly moving average Alger Global is performing at about 10% 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 Global by adding it to a well-diversified portfolio.
Alger Global Fundamentals Growth
Alger Mutual Fund prices reflect investors' perceptions of the future prospects and financial health of Alger Global, and Alger Global 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 | 19.28 X | |||
| Price To Book | 2.41 X | |||
| Price To Sales | 2.02 X | |||
| Total Asset | 16.7 M | |||
About Alger Global Performance
Evaluating Alger Global's performance through its fundamental ratios, provides valuable insights into its operational efficiency and profitability. For instance, if Alger Global 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 Global 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.
Under normal circumstances, the fund invests at least 80 percent of its net assets, plus any borrowings for investment purposes, in equity securities, including common stocks, American Depositary Receipts and Global Depositary Receipts, of global companies, which include both U.S. and foreign companies, and invests significantly in foreign companies. It may invest in companies of any market capitalization, from large, well-established companies to small, emerging growth companies.Things to note about Alger Global Growth performance evaluation
Checking the ongoing alerts about Alger Global for important developments is a great way to find new opportunities for your next move. Mutual Fund alerts and notifications screener for Alger Global Growth 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 98.97% of its assets under management (AUM) in equities |
- Analyzing Alger Global'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 Global's stock is overvalued or undervalued compared to its peers.
- Examining Alger Global'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 Global's management team can have a significant impact on its success or failure. Reviewing the track record and experience of Alger Global's management team can help you assess the Mutual Fund's leadership.
- Pay attention to analyst opinions and ratings of Alger Global's mutual fund. These opinions can provide insight into Alger Global's potential for growth and whether the stock is currently undervalued or overvalued.
Other Information on Investing in Alger Mutual Fund
Alger Global 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 Global security.
| Stock Screener Find equities using a custom stock filter or screen asymmetry in trading patterns, price, volume, or investment outlook. | |
| Positions Ratings Determine portfolio positions ratings based on digital equity recommendations. Macroaxis instant position ratings are based on combination of fundamental analysis and risk-adjusted market performance | |
| ETFs Find actively traded Exchange Traded Funds (ETF) from around the world |