Alger Small Cap Fund Manager Performance Evaluation
| AOFIX Fund | USD 17.63 0.15 0.86% |
The fund shows a Beta (market volatility) of 1.06, which signifies a somewhat significant risk relative to the market. Alger Small returns are very sensitive to returns on the market. As the market goes up or down, Alger Small is expected to follow.
Risk-Adjusted Performance
Very Weak
Weak | Strong |
Over the last 90 days Alger Small Cap has generated negative risk-adjusted returns adding no value to fund investors. In spite of weak performance in the last few months, the Fund's forward indicators remain fairly strong which may send shares a bit higher in April 2025. The current disturbance may also be a sign of long term up-swing for the fund investors.
...moreAlger |
Alger Small Relative Risk vs. Return Landscape
If you would invest 2,045 in Alger Small Cap on December 21, 2024 and sell it today you would lose (282.00) from holding Alger Small Cap or give up 13.79% of portfolio value over 90 days. Alger Small Cap is currently producing negative expected returns and takes up 1.8159% volatility of returns over 90 trading days. Put another way, 16% 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 Small Current Valuation
Overvalued
Today
Please note that Alger Small's price fluctuation is not too volatile at this time. At this time, the entity appears to be overvalued. Alger Small Cap shows a prevailing Real Value of $16.23 per share. The current price of the fund is $17.63. We determine the value of Alger Small Cap 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 Small is currently traded on the exchange, buyers and sellers on that exchange determine the market value of Alger Mutual Fund. However, Alger Small'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 17.63 | Real 16.23 | Hype 17.26 |
The intrinsic value of Alger Small'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 Small'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 Small Cap 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 Small more accurately as focusing exclusively on Alger Small's fundamentals will not take into account other important factors: Alger Small Market Risk Analysis
Today, many novice investors tend to focus exclusively on investment returns with little concern for Alger Small's investment risk. Standard deviation is the most common way to measure market volatility of mutual funds, such as Alger Small Cap, and traders can use it to determine the average amount a Alger Small'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 = -0.1293
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| Cash | Small Risk | Average Risk | High Risk | Huge Risk |
| Negative Returns | AOFIX |
Estimated Market Risk
| 1.82 actual daily | 16 84% of assets are more volatile |
Expected Return
| -0.23 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
| -0.13 actual daily | 0 Most of other assets perform better |
Based on monthly moving average Alger Small is not performing at its full potential. However, 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 Small by adding Alger Small to a well-diversified portfolio.
Alger Small Fundamentals Growth
Alger Mutual Fund prices reflect investors' perceptions of the future prospects and financial health of Alger Small, and Alger Small 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 | 49.96 X | ||||
| Price To Book | 4.65 X | ||||
| Price To Sales | 4.91 X | ||||
| Total Asset | 6.8 B | ||||
About Alger Small Performance
Evaluating Alger Small's performance through its fundamental ratios, provides valuable insights into its operational efficiency and profitability. For instance, if Alger Small 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 Small 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 fund normally invests at least 80 percent of its net assets, plus any borrowings for investment purposes, in equity securities of companies that, at the time of purchase of the securities, have total market capitalization between the higher of 5 billion or the company in either the Russell 2000 Growth Index or the MSCI USA Small Cap Index with the highest capitalization, and the company in either index with the lowest capitalization, at any time during the most recent 12-month period as reported by either index. Alger Small is traded on NASDAQ Exchange in the United States.Things to note about Alger Small Cap performance evaluation
Checking the ongoing alerts about Alger Small for important developments is a great way to find new opportunities for your next move. Mutual Fund alerts and notifications screener for Alger Small Cap help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.| Alger Small Cap generated a negative expected return over the last 90 days | |
| The fund generated three year return of -3.0% | |
| Alger Small Cap holds 98.55% of its assets under management (AUM) in equities |
- Analyzing Alger Small'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 Small's stock is overvalued or undervalued compared to its peers.
- Examining Alger Small'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 Small's management team can have a significant impact on its success or failure. Reviewing the track record and experience of Alger Small's management team can help you assess the Mutual Fund's leadership.
- Pay attention to analyst opinions and ratings of Alger Small's mutual fund. These opinions can provide insight into Alger Small's potential for growth and whether the stock is currently undervalued or overvalued.
Other Information on Investing in Alger Mutual Fund
Alger Small 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 Small security.
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