Alger Mid Cap Fund Buy Hold or Sell Recommendation
AMGOX Fund | USD 18.93 0.10 0.53% |
Assuming the 90 days horizon and your above-average risk tolerance, our recommendation regarding Alger Mid Cap is 'Cautious Hold'. Macroaxis provides Alger Mid buy-hold-or-sell recommendation only in the context of selected investment horizon and investor attitude towards risk assumed by holding AMGOX positions. The advice algorithm takes into account all of Alger Mid's available fundamental, technical, and predictive indicators you will find on this site. Key drivers impacting Alger Mid's buy or sell advice are summarized below:
Real Value 19.05 | Hype Value 18.93 | Market Value 18.93 | Naive Value 19.02 |
A buy or sell recommendation provided by Macroaxis is an automated directive regarding whether to purchase or sell Alger Mid Cap given historical horizon and risk tolerance towards Alger Mid. When Macroaxis issues a 'buy' or 'sell' recommendation for Alger Mid Cap, the advice is generated through an automated system that utilizes algorithms and statistical models.
Alger |
Execute Alger Mid Buy or Sell Advice
The Alger recommendation should be used to complement the buy-or-sell advice compiled from the current analysts' consensus on Alger Mid Cap. Macroaxis does not own or have any residual interests in Alger Mid Cap or other equities on which the buy-or-sell advice is provided. Please provide your input below to execute Alger Mid's advice using the current market data and latest reported fundamentals.
Time Horizon
Risk Tolerance
Cautious Hold
Market Performance | Solid | Details | |
Volatility | Very steady | Details | |
Hype Condition | Stale | Details | |
Current Valuation | Fairly Valued | Details | |
Odds Of Distress | Below Average | Details | |
Economic Sensitivity | Responds to the market | Details | |
Analyst Consensus | Not Available | Details |
Alger Mid Trading Alerts and Improvement Suggestions
The fund generated three year return of -3.0% | |
Alger Mid Cap holds 98.9% of its assets under management (AUM) in equities |
Alger Mid Returns Distribution Density
The distribution of Alger Mid's historical returns is an attempt to chart the uncertainty of Alger Mid's future price movements. The chart of the probability distribution of Alger Mid daily returns describes the distribution of returns around its average expected value. We use Alger Mid Cap price's Value At Risk and its Upside Potential as a relative measure of the distribution. The graph of the distribution of Alger Mid returns is essential to provide solid investment advice for Alger Mid.
Mean Return | 0.19 | Value At Risk | -1.66 | Potential Upside | 1.53 | Standard Deviation | 0.96 |
Return Density |
Distribution |
Investment risk management requires an estimate of the probability of extreme price changes. Therefore, the correct representation of the distribution of Alger Mid historical returns presented in an easy-to-digest graphical form helps investors and money managers understand the risk-reward trade-off of different investement strategies.
Alger Mid Greeks
Most traded equities are subject to two types of risk - systematic (i.e., market) and unsystematic (i.e., nonmarket or company-specific) risk. Unsystematic risk is the risk that events specific to Alger Mid or Alger sector will adversely affect the stock's price. This type of risk can be diversified away by owning several different stocks in different industries whose stock prices have shown a small correlation to each other. On the other hand, systematic risk is the risk that Alger Mid's price will be affected by overall mutual fund market movements and cannot be diversified away. So, no matter how many positions you have, you cannot eliminate market risk. However, you can measure a Alger fund's historical response to market movements and buy it if you are comfortable with its volatility direction. Beta and standard deviation are two commonly used measures to help you make the right decision.
α | Alpha over NYSE Composite | 0.18 | |
β | Beta against NYSE Composite | -0.003 | |
σ | Overall volatility | 0.96 | |
Ir | Information ratio | 0.05 |
Alger Mid Volatility Alert
Alger Mid Cap has low volatility with Treynor Ratio of -59.11, Maximum Drawdown of 4.22 and kurtosis of 0.0. Understanding different market volatility trends often help investors to time the market. Properly using volatility indicators enable traders to measure Alger Mid's mutual fund risk against market volatility during both bullish and bearish trends. The higher level of volatility that comes with bear markets can directly impact Alger Mid's mutual fund price while adding stress to investors as they watch their shares' value plummet. This usually forces investors to rebalance their portfolios by buying different financial instruments as prices fall.Alger Mid Fundamentals Vs Peers
Comparing Alger Mid's fundamentals to the average values of its peers is one of the most widely used and accepted methods of equity analyses. It helps to analyze Alger Mid's direct or indirect competition across all of the common fundamentals between Alger Mid and the related equities. This way, we can detect undervalued stocks with similar characteristics as Alger Mid or determine the mutual funds which would be an excellent addition to an existing portfolio. Peer analysis of Alger Mid's fundamental indicators could also be used in its relative valuation, which is a method of valuing Alger Mid by comparing valuation metrics with those of similar companies.
Better Than Average | Worse Than Average | Compare Alger Mid to competition |
Fundamentals | Alger Mid | Peer Average |
Price To Earning | 1.13 X | 6.53 X |
Price To Book | 3.99 X | 0.74 X |
Price To Sales | 2.52 X | 0.61 X |
Year To Date Return | 11.39 % | 0.39 % |
One Year Return | 31.17 % | 4.15 % |
Three Year Return | (2.53) % | 3.60 % |
Five Year Return | 10.53 % | 3.24 % |
Ten Year Return | 12.20 % | 1.79 % |
Net Asset | 159.89 M | 4.11 B |
Cash Position Weight | 0.35 % | 10.61 % |
Equity Positions Weight | 98.90 % | 63.90 % |
Alger Mid Market Momentum
Traders often use several daily momentume indicators to supplement a more traditional technical analysis when analyzing securities such as Alger . With many different options, investors must choose the best indicators for them and familiarize themselves with how they work. We suggest combining traditional momentum indicators with more near-term forms of technical analysis such as Accumulation Distribution or Daily Balance Of Power. With their quantitative nature, daily value technical indicators can also be incorporated into your automated trading systems.
Daily Balance Of Power | 9.2 T | |||
Rate Of Daily Change | 1.01 | |||
Day Median Price | 18.93 | |||
Day Typical Price | 18.93 | |||
Price Action Indicator | 0.05 | |||
Period Momentum Indicator | 0.1 |
About Alger Mid Buy or Sell Advice
When is the right time to buy or sell Alger Mid Cap? Buying financial instruments such as Alger Mutual Fund isn't very hard. However, what challenging for most investors is doing it at the right time to beat the market. Proper market timing is something most people cannot do without sophisticated tools, which help to isolate the right opportunities. Macroaxis provides hands-on modules to deliver winning trades and diversify your portfolios on a daily basis. Most of our advising modules are very easy to use and apply.
Please read more on our stock advisor page.
Use Investing Ideas to Build Portfolios
In addition to having Alger Mid 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 Cleaning Thematic Idea Now
Cleaning
Compnanies producing and distributing cleaning products, supplies, and accessories. The Cleaning 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 Cleaning Theme or any other thematic opportunities.
View All Next | Launch |
Check out Alger Mid Analyst Recommendation to compare Macroaxis Buy or Sell Recommendation with the current analyst consensus. To check ratings for multiple equity instruments, please use the Instant Ratings tool. You can also try the Portfolio Optimization module to compute new portfolio that will generate highest expected return given your specified tolerance for risk.
Complementary Tools for Alger Mutual Fund analysis
When running Alger Mid's price analysis, check to measure Alger Mid's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Alger Mid is operating at the current time. Most of Alger Mid's value examination focuses on studying past and present price action to predict the probability of Alger Mid's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Alger Mid's price. Additionally, you may evaluate how the addition of Alger Mid to your portfolios can decrease your overall portfolio volatility.
AI Investment Finder Use AI to screen and filter profitable investment opportunities | |
Investing Opportunities Build portfolios using our predefined set of ideas and optimize them against your investing preferences | |
Sync Your Broker Sync your existing holdings, watchlists, positions or portfolios from thousands of online brokerage services, banks, investment account aggregators and robo-advisors. | |
Pair Correlation Compare performance and examine fundamental relationship between any two equity instruments | |
ETF Categories List of ETF categories grouped based on various criteria, such as the investment strategy or type of investments | |
Idea Optimizer Use advanced portfolio builder with pre-computed micro ideas to build optimal portfolio | |
Price Exposure Probability Analyze equity upside and downside potential for a given time horizon across multiple markets | |
Commodity Directory Find actively traded commodities issued by global exchanges | |
Earnings Calls Check upcoming earnings announcements updated hourly across public exchanges | |
Technical Analysis Check basic technical indicators and analysis based on most latest market data | |
Aroon Oscillator Analyze current equity momentum using Aroon Oscillator and other momentum ratios | |
Commodity Channel Use Commodity Channel Index to analyze current equity momentum |