Alger Mutual Fund Quote

ALEAX
 Fund
  

USD 8.03  0.17  2.16%   

Market Performance
9 of 100
Odds Of Distress
Less than 17
Alger Weatherbie is trading at 8.03 as of the 12th of August 2022; that is 2.16% increase since the beginning of the trading day. The fund's open price was 7.86. Alger Weatherbie has less than a 17 % chance of experiencing some financial distress in the next two years of operation, but did not have a good performance during the last 90 trading days. Equity ratings for Alger Weatherbie Enduring are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 16th of October 2021 and ending today, the 12th of August 2022. Click here to learn more.

Moving together with Alger Weatherbie

0.85VFINXVanguard Index Trust Low VolatilityPairCorr
0.93VFFSXVanguard 500 Index Low VolatilityPairCorr
0.85VFIAXVanguard 500 Index Low VolatilityPairCorr
0.79DISWalt Disney Fiscal Year End 9th of November 2022 PairCorr

Alger Weatherbie Mutual Fund Highlights

Most reasonable investors view market volatility as an opportunity to invest at a favorable price or to sell short against a bearish trend. If you consider yourself one of those investors, make sure you clearly understand your entering position. Alger Weatherbie's investment highlights are automatically generated signals that are significant enough to either complement your investing judgment regarding Alger Weatherbie or challenge it. These highlights can help you better understand the position you are entering and avoid costly mistakes.
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The fund generated three year return of -16.0%
Alger Weatherbie Enduring holds 97.33% of its assets under management (AUM) in equities
Macroaxis Advice
Unlike general analyst consensus, Macroaxis buy hold or sell recommendation is provided in the context of your current investment horizon and risk tolerance. The advice algorithm takes into account all of Alger Weatherbie's available fundamental, technical, and predictive indicators. Your current horizon is 90 days - details
Cautious HoldOvervalued
Alger Weatherbie Enduring [ALEAX] is traded in USA and was established 12th of August 2022. The fund is listed under null category and is part of null family. This fund presently has accumulated 3.73 M in assets under management (AUM) with minimum initial investment of 1 K. Alger Weatherbie Enduring is currently producing year-to-date (YTD) return of 39.16% with the current yeild of 0.43%, while the total return for the last 3 years was -15.51%.
Check Alger Weatherbie Probability Of Bankruptcy

Instrument Allocation

Alger Weatherbie Target Price Odds Analysis

What are Alger Weatherbie's target price odds to finish over the current price? Based on a normal probability distribution, the odds of Alger Weatherbie jumping above the current price in 90 days from now is near 1%. The Alger Weatherbie Enduring probability density function shows the probability of Alger Weatherbie mutual fund to fall within a particular range of prices over 90 days. Assuming the 90 days horizon Alger Weatherbie has a beta of 0.1678. This suggests as returns on the market go up, Alger Weatherbie average returns are expected to increase less than the benchmark. However, during the bear market, the loss on holding Alger Weatherbie Enduring will be expected to be much smaller as well. Additionally, the company has an alpha of 0.1671, implying that it can generate a 0.17 percent excess return over DOW after adjusting for the inherited market risk (beta).
  Odds Below 8.03HorizonTargetOdds Above 8.03
99.80%90 days
 8.03 
0.20%
Based on a normal probability distribution, the odds of Alger Weatherbie to move above the current price in 90 days from now is near 1 (This Alger Weatherbie Enduring probability density function shows the probability of Alger Mutual Fund to fall within a particular range of prices over 90 days) .

Alger Weatherbie Enduring Risk Profiles

Investors will always prefer to have the highest possible return on investment while minimizing volatility. Alger Weatherbie market risk premium is the additional return an investor will receive from holding Alger Weatherbie long position in a well-diversified portfolio. The market premium is part of the Capital Asset Pricing Model (CAPM), which most analysts and investors use to calculate the acceptable rate of return on investment in Alger Weatherbie. At the center of the CAPM is the concept of risk and reward, which is usually communicated by investors using alpha and beta measures. Although Alger Weatherbie's alpha and beta are two of the key measurements used to evaluate Alger Weatherbie's performance over the market, the standard measures of volatility play an important role as well.

Alger Weatherbie Against Markets

Picking the right benchmark for Alger Weatherbie mutual fund is fundamental to making educated investment choices. Many naive investors compare their positions with the S&P 500 or with the Nasdaq. But these benchmarks are not all-inclusive and generally should be used only for large-capitalization equities or stock offerings from large companies. When the price of a selected benchmark declines in a down market, there may be an uptick in Alger Weatherbie mutual fund price where buyers come in believing the asset is cheap. The opposite is true when the market is bullish; so, accurately picking the benchmark for Alger Weatherbie is critical whether you are bullish or bearish towards Alger Weatherbie Enduring at a given time.

Be your own money manager

Our tools can tell you how much better you can do entering a position in Alger Weatherbie without increasing your portfolio risk or giving up expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate.risk-adjusted returns of your individual positions relative to your overall portfolio.

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Invested in Alger Weatherbie Enduring?

You need to understand the risk of investing before taking a position in Alger Weatherbie. The danger of trading Alger Weatherbie Enduring is mainly related to its market volatility and Mutual Fund specific events. As an investor, you must understand the concept of risk-adjusted return before you start trading. The most common way to measure the risk of Alger Weatherbie is by using the Sharpe ratio. The ratio expresses how much excess return you acquire for the extra volatility you endure for holding a more risker asset than Alger Weatherbie. The Shape ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile Alger Weatherbie Enduring is, you must compare it to a benchmark. Traditionally, the risk-free rate of return is the rate of return on the shortest-dated U.S. Treasury, such as a 3-year bond.
Please continue to Trending Equities. Note that the Alger Weatherbie Enduring information on this page should be used as a complementary analysis to other Alger Weatherbie's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try CEO Directory module to screen CEOs from public companies around the world.

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When running Alger Weatherbie Enduring price analysis, check to measure Alger Weatherbie'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 Weatherbie is operating at the current time. Most of Alger Weatherbie's value examination focuses on studying past and present price action to predict the probability of Alger Weatherbie's future price movements. You can analyze the entity against its peers and financial market as a whole to determine factors that move Alger Weatherbie's price. Additionally, you may evaluate how the addition of Alger Weatherbie to your portfolios can decrease your overall portfolio volatility.
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Please note, there is a significant difference between Alger Weatherbie's value and its price as these two are different measures arrived at by different means. Investors typically determine Alger Weatherbie value by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Alger Weatherbie'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.