Alger Growth Valuation
| ALBAX Fund | USD 79.23 0.13 0.16% |
At this time, the entity appears to be overvalued. Alger Growth Income shows a prevailing Real Value of $72.56 per share. The current price of the fund is $79.23. We determine the value of Alger Growth Income 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.
Overvalued
Today
Please note that Alger Growth's price fluctuation is very steady at this time. At this time, the entity appears to be overvalued. Alger Growth Income shows a prevailing Real Value of $72.56 per share. The current price of the fund is $79.23. We determine the value of Alger Growth Income 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 Growth is currently traded on the exchange, buyers and sellers on that exchange determine the market value of Alger Mutual Fund. However, Alger Growth'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 79.23 | Real 72.56 | Hype 79.23 |
The intrinsic value of Alger Growth'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 Growth'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 Growth Income 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 Growth more accurately as focusing exclusively on Alger Growth's fundamentals will not take into account other important factors: Alger Growth Total Value Analysis
Alger Growth Income is presently forecasted to have takeover price of 0 with market capitalization of 0, debt of , and cash on hands of . Please note that takeover price may be misleading and is a subject to mistakes in financial statements. We encourage investors to thoroughly investigate all of the Alger Growth fundamentals before making investing decisions based on enterprise value of the companyAlger Growth Asset Utilization
The concept of asset utilization usually refers to the revenue earned for every dollar of assets a company currently reports. The current return on assets of Alger suggests not a very effective usage of assets in December.About Alger Growth Valuation
Our relative valuation model uses a comparative analysis of Alger Growth. We calculate exposure to Alger Growth's market risk, different technical and fundamental indicators, and relevant financial multiples and ratios and then compare them to those of Alger Growth's related companies.The advisor intends to invest at least 65 percent of its total assets in dividend paying equity securities. The fund may invest up to 35 percent of its total assets in equity securities that do not pay dividends or in money market instruments and repurchase agreements. The advisor focuses on growing companies that, at the time of purchase of the securities, have a market capitalization equal to or greater than the market capitalization of companies included in the SP 500 Index, as reported by the index as of the most recent quarter-end.
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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