Alger Spectra Valuation
| ASPZX Fund | USD 32.69 0.30 0.93% |
At this time, the entity appears to be undervalued. Alger Spectra shows a prevailing Real Value of $34.74 per share. The current price of the fund is $32.69. We determine the value of Alger Spectra 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.
Undervalued
Today
Please note that Alger Spectra's price fluctuation is very steady at this time. At this time, the entity appears to be undervalued. Alger Spectra shows a prevailing Real Value of $34.74 per share. The current price of the fund is $32.69. We determine the value of Alger Spectra 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 Spectra is currently traded on the exchange, buyers and sellers on that exchange determine the market value of Alger Mutual Fund. However, Alger Spectra'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 32.69 | Real 34.74 | Hype 32.69 | Naive 32.61 |
The intrinsic value of Alger Spectra'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 Spectra'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 Spectra Fund 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 Spectra more accurately as focusing exclusively on Alger Spectra's fundamentals will not take into account other important factors: Alger Spectra Total Value Analysis
Alger Spectra Fund 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 Spectra fundamentals before making investing decisions based on enterprise value of the companyAlger Spectra 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 Spectra Valuation
Our relative valuation model uses a comparative analysis of Alger Spectra. We calculate exposure to Alger Spectra's market risk, different technical and fundamental indicators, and relevant financial multiples and ratios and then compare them to those of Alger Spectra's related companies.The fund invests primarily in the equity securities of companies of any size that the manager believes demonstrate promising growth potential. Equity securities include common or preferred stocks that are listed on U.S. or foreign exchanges. It may invest a significant portion of its assets in securities of companies conducting business within a single sector, including the information technology, consumer discretionary, and healthcare sectors.
Other Information on Investing in Alger Mutual Fund
Alger Spectra 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 Spectra security.
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