Alger International Net Asset vs. Three Year Return

ALCZX Fund  USD 19.94  0.04  0.20%   
Taking into consideration Alger International's profitability measurements, Alger International Growth may not be well positioned to generate adequate gross income at this time. It has a very high probability of underperforming in January. Profitability indicators assess Alger International's ability to earn profits and add value for shareholders.
For Alger International profitability analysis, we use financial ratios and fundamental drivers that measure the ability of Alger International to generate income relative to revenue, assets, operating costs, and current equity. These fundamental indicators attest to how well Alger International Growth utilizes its assets to generate profit and value for its shareholders. The profitability module also shows relationships between Alger International's most relevant fundamental drivers. It provides multiple suggestions of what could affect the performance of Alger International Growth over time as well as its relative position and ranking within its peers.
  
Check out Trending Equities.
Please note, there is a significant difference between Alger International's value and its price as these two are different measures arrived at by different means. Investors typically determine if Alger International is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Alger International's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.

Alger International Three Year Return vs. Net Asset Fundamental Analysis

Comparative valuation techniques use various fundamental indicators to help in determining Alger International's current stock value. Our valuation model uses many indicators to compare Alger International value to that of its competitors to determine the firm's financial worth.
Alger International Growth is the top fund in net asset among similar funds. It also is the top fund in three year return among similar funds . The reason why the comparable model can be used in almost all circumstances is due to the vast number of multiples that can be utilized, such as the price-to-earnings (P/E), price-to-book (P/B), price-to-sales (P/S), price-to-cash flow (P/CF), and many others. The P/E ratio is the most commonly used of these ratios because it focuses on the Alger International's earnings, one of the primary drivers of an investment's value.

Alger Three Year Return vs. Net Asset

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 International

Net Asset

 = 

Current Market Value

-

Current Liabilities

 = 
19.78 M
Net Asset is the value used in calculating NAV of a fund. NAV (or Net Asset Value) is computed once a day based on the formula that uses closing prices of all positions in the fund's portfolio.
Tree Year Return shows the total annualized return generated from holding a fund or ETFs for the last three years. The return measure includes capital appreciation, losses, dividends paid, and all capital gains distributions. This return indicator is considered by many investors to be solid measures of fund mid-term performance.

Alger International

Three Year Return

 = 

(Mean of Monthly Returns - 1)

X

100%

 = 
(2.24) %
Although Three Year Fund Return indicator can give a sense of overall fund mid-term potential, it is recommended to compare fund performances against other similar funds, ETFs, or market benchmarks for the same 3 year interval.

Alger Three Year Return Comparison

Alger International is currently under evaluation in three year return among similar funds.

Alger International Profitability Projections

The most important aspect of a successful company is its ability to generate a profit. For investors in Alger International, profitability is also one of the essential criteria for including it into their portfolios because, without profit, Alger International will eventually generate negative long term returns. The profitability progress is the general direction of Alger International's change in net profit over the period of time. It can combine multiple indicators of Alger International, where stable trends show no significant progress. An accelerating trend is seen as positive, while a decreasing one is unfavorable. A rising trend means that profits are rising, and operational efficiency may be rising as well. A decreasing trend is a sign of poor performance and may indicate upcoming losses.
Under normal circumstances, the fund invests at least 80 percent of its net assets in equity securities, including common stocks, American Depositary Receipts and Global Depositary Receipts, of foreign companies. It generally invests in at least three foreign countries, and, at times, may invest a substantial portion of its assets in a single foreign country.

Alger Profitability Driver Comparison

Profitability drivers are factors that can directly affect your investment outlook on Alger International. Investors often realize that things won't turn out the way they predict. There are maybe way too many unforeseen events and contingencies during the holding period of Alger International position where the market behavior may be hard to predict, tax policy changes, gold or oil price hikes, calamities change, and many others. The question is, are you prepared for these unexpected events? Although some of these situations are obviously beyond your control, you can still follow the important profit indicators to know where you should focus on when things like this occur. Below are some of the Alger International's important profitability drivers and their relationship over time.

Use Alger International in pair-trading

One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Alger International position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Alger International will appreciate offsetting losses from the drop in the long position's value.

Alger International Pair Trading

Alger International Growth Pair Trading Analysis

The ability to find closely correlated positions to Alger International could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Alger International when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Alger International - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Alger International Growth to buy it.
The correlation of Alger International is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Alger International moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Alger International moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Alger International can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.
Pair CorrelationCorrelation Matching

Use Investing Themes to Complement your Alger International position

In addition to having Alger International in your portfolios, you can quickly add positions using our predefined set of ideas and optimize them against your very unique investing style. A single investing idea is a collection of funds, stocks, ETFs, or cryptocurrencies that are programmatically selected from a pull of investment themes. After you determine your investment opportunity, you can then find an optimal portfolio that will maximize potential returns on the chosen idea or minimize its exposure to market volatility.

Did You Try This Idea?

Run Obamacare Thematic Idea Now

Obamacare
Obamacare Theme
Health care services and providers including hospitals, clinics and nursing homes that hope to benefit from Obamacare program. The Obamacare theme has 37 constituents at this time.
You can either use a buy-and-hold strategy to lock in the entire theme or actively trade it to take advantage of the short-term price volatility of individual constituents. Macroaxis can help you discover thousands of investment opportunities in different asset classes. In addition, you can partner with us for reliable portfolio optimization as you plan to utilize Obamacare Theme or any other thematic opportunities.
View All  Next Launch

Other Information on Investing in Alger Mutual Fund

To fully project Alger International's future profitability, investors should examine all historical financial statements. These statements provide investors with a comprehensive snapshot of the financial position of Alger International at a specified time, usually calculated after every quarter, six months, or one year. Three primary documents fall into the category of financial statements. These documents include Alger International's income statement, its balance sheet, and the statement of cash flows.
Potential Alger International investors and stakeholders can use historical trends found within financial statements to determine how well the company is positioned for the future. Although Alger International investors may work on each financial statement separately, they are all related. The changes in Alger International's assets and liabilities, for example, are also reflected in the revenues and expenses that we see on Alger International's income statement, which results in the company's gains or losses. Cash flows can provide more information regarding cash listed on a balance sheet but not equivalent to net income shown on the income statement. Please read more on our technical analysis and fundamental analysis pages.
Price Ceiling Movement
Calculate and plot Price Ceiling Movement for different equity instruments
Pair Correlation
Compare performance and examine fundamental relationship between any two equity instruments
My Watchlist Analysis
Analyze my current watchlist and to refresh optimization strategy. Macroaxis watchlist is based on self-learning algorithm to remember stocks you like