Alger Smidcap Focus Fund Manager Performance Evaluation
| ASMZX Fund | USD 16.16 0.02 0.12% |
The fund shows a Beta (market volatility) of 1.38, which signifies a somewhat significant risk relative to the market. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, Alger Smidcap will likely underperform.
Risk-Adjusted Performance
11 of 100
Weak | Strong |
Good
Compared to the overall equity markets, risk-adjusted returns on investments in Alger Smidcap Focus are ranked lower than 11 (%) of all funds and portfolios of funds over the last 90 days. In spite of fairly weak basic indicators, Alger Smidcap may actually be approaching a critical reversion point that can send shares even higher in January 2025.
...more| Expense Ratio Date | 6th of April 2023 | |
| Expense Ratio | 0.9600 |
Alger |
Alger Smidcap Relative Risk vs. Return Landscape
If you would invest 1,447 in Alger Smidcap Focus on September 12, 2024 and sell it today you would earn a total of 169.00 from holding Alger Smidcap Focus or generate 11.68% return on investment over 90 days. Alger Smidcap Focus is currently producing 0.1832% returns and takes up 1.2527% volatility of returns over 90 trading days. Put another way, 11% of traded mutual funds are less volatile than Alger, and 97% of all traded equity instruments are likely to generate higher returns over the next 90 trading days. Expected Return |
| Risk |
Alger Smidcap Current Valuation
Fairly Valued
Today
Please note that Alger Smidcap's price fluctuation is very steady at this time. At this time, the entity appears to be fairly valued. Alger Smidcap Focus shows a prevailing Real Value of $15.97 per share. The current price of the fund is $16.16. We determine the value of Alger Smidcap Focus 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 Smidcap is currently traded on the exchange, buyers and sellers on that exchange determine the market value of Alger Mutual Fund. However, Alger Smidcap'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 16.16 | Real 15.97 | Hype 16.16 | Naive 15.91 |
The intrinsic value of Alger Smidcap'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 Smidcap'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 Smidcap Focus 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 Smidcap more accurately as focusing exclusively on Alger Smidcap's fundamentals will not take into account other important factors: Alger Smidcap Market Risk Analysis
Today, many novice investors tend to focus exclusively on investment returns with little concern for Alger Smidcap's investment risk. Standard deviation is the most common way to measure market volatility of mutual funds, such as Alger Smidcap Focus, and traders can use it to determine the average amount a Alger Smidcap'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 = 0.1462
| Best Portfolio | Best Equity | |||
| Good Returns | ||||
| Average Returns | ||||
| Small Returns | ASMZX | |||
| Cash | Small Risk | Average Risk | High Risk | Huge Risk |
| Negative Returns |
Estimated Market Risk
| 1.25 actual daily | 11 89% of assets are more volatile |
Expected Return
| 0.18 actual daily | 3 97% of assets have higher returns |
Risk-Adjusted Return
| 0.15 actual daily | 11 89% of assets perform better |
Based on monthly moving average Alger Smidcap is performing at about 11% 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 Smidcap by adding it to a well-diversified portfolio.
Alger Smidcap Fundamentals Growth
Alger Mutual Fund prices reflect investors' perceptions of the future prospects and financial health of Alger Smidcap, and Alger Smidcap 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 | 1.63 X | |||
| Price To Book | 2.96 X | |||
| Price To Sales | 2.29 X | |||
| Total Asset | 460.42 M | |||
About Alger Smidcap Performance
Evaluating Alger Smidcap's performance through its fundamental ratios, provides valuable insights into its operational efficiency and profitability. For instance, if Alger Smidcap 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 Smidcap 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 of smallcap and midcap companies. Equity securities include common or preferred stocks that are listed on U.S. or foreign exchanges. Smallcap or midcap companies are companies that, at the time of purchase, have total market capitalization within the range of companies included in the Russell 2500 Growth Index or the Russell Midcap Growth Index, respectively, as reported by the indexes as of the most recent quarter-end.Things to note about Alger Smidcap Focus performance evaluation
Checking the ongoing alerts about Alger Smidcap for important developments is a great way to find new opportunities for your next move. Mutual Fund alerts and notifications screener for Alger Smidcap Focus help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.| The fund generated three year return of -5.0% | |
| Alger Smidcap Focus holds about 8.37% of its assets under management (AUM) in cash |
- Analyzing Alger Smidcap'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 Smidcap's stock is overvalued or undervalued compared to its peers.
- Examining Alger Smidcap'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 Smidcap's management team can have a significant impact on its success or failure. Reviewing the track record and experience of Alger Smidcap's management team can help you assess the Mutual Fund's leadership.
- Pay attention to analyst opinions and ratings of Alger Smidcap's mutual fund. These opinions can provide insight into Alger Smidcap's potential for growth and whether the stock is currently undervalued or overvalued.
Other Information on Investing in Alger Mutual Fund
Alger Smidcap 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 Smidcap security.
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| Fundamental Analysis View fundamental data based on most recent published financial statements |