Alger Mutual Fund Buy Hold or Sell Recommendation

ALBAX
 Fund
  

USD 57.36  0.87  1.54%   

Assuming the 90 days horizon and your highly speculative risk level, our recommendation regarding Alger Growth Income is 'Strong Hold'. Macroaxis provides Alger Growth buy-hold-or-sell recommendation only in the context of selected investment horizon and investor attitude towards risk assumed by holding ALBAX positions. The advice algorithm takes into account all of Alger Growth's available fundamental, technical, and predictive indicators you will find on this site.
  
The advice is provided from Alger Growth's buy-and-hold perspective. Please continue to Alger Growth 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. We conduct extensive research on individual funds such as Alger and provide practical buy, sell, or hold recommendation based on selected investing horizon and risk tolerance towards Alger Growth Income.

Execute Alger Growth 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 Growth Income. Macroaxis does not own or have any residual interests in Alger Growth Income or other equities on which the buy-or-sell advice is provided. Please provide your input below to execute Alger Growth's advice using the current market data and latest reported fundamentals.

Time Horizon

Risk Tolerance

Execute Advice
Sell Alger GrowthBuy Alger Growth
Strong Hold

Volatility

Very steadyDetails

Hype Condition

StaleDetails

Current Valuation

Fairly ValuedDetails

Odds of Distress

Very SmallDetails

Economic Sensitivity

Barely shadows the marketDetails

Analyst Consensus

Not AvailableDetails
For the selected time horizon Alger Growth Income has a Risk Adjusted Performance of 0.0642, Jensen Alpha of 0.0529, Total Risk Alpha of (0.018386), Sortino Ratio of (0.010038) and Treynor Ratio of 0.8161
Our advice module provides unbiased investment recommendation that can be used to complement current average analyst sentiment on Alger Growth Income. Our advice engine provides an advice for the entity potential to grow from the perspective of an investor's risk tolerance and investing horizon. Use Alger Growth Income price to sales, three year return, as well as the relationship between the Three Year Return and cash position weight to ensure your buy or sell decision on Alger Growth Income is adequate.

Alger Growth Trading Alerts and Improvement Suggestions

Alger Growth Income is unlikely to experience financial distress in the next 2 years
The fund holds 95.02% of its assets under management (AUM) in equities

Alger Growth Returns Distribution Density

The distribution of Alger Growth's historical returns is an attempt to chart the future uncertainty of Alger Growth's future price movements. The chart of the probability distribution of Alger Growth stock daily returns describes the distribution of returns around its average expected value. We use Alger Growth Income price's Value At Risk and its Upside Potential as a relative measure of the distribution. The graph of the distribution of Alger Growth returns is essential to provide solid investment advice for Alger Growth stock.
Mean Return0.07Value At Risk-2.47
Potential Upside2.15Standard Deviation1.34
   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 Growth 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 Growth 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 Growth 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 Growth stock's price will be affected by overall stock 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 stock'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 DOW
0.05
β
Beta against DOW0.07
σ
Overall volatility
1.35
Ir
Information ratio -0.01

Alger Growth Volatility Alert

Alger Growth Income has relatively low volatility with skewness of -0.35 and kurtosis of 0.42. However, we advise all investors to independently investigate Alger Growth Income to ensure all accessible information is consistent with the expectations about its upside potential and future expected returns. Understanding different market volatility trends often help investors to time the market. Properly using volatility indicators enable traders to measure Alger Growth's mutual fund risk against market volatility during both bullying and bearish trends. The higher level of volatility that comes with bear markets can directly impact Alger Growth'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 stocks as prices fall.

Alger Growth Implied Volatility

Alger Growth's implied volatility" href="/stock-options/ALBAX/Alger-Growth-Income">Alger Growth's implied volatility exposes the market's sentiment of Alger Growth Income stock's possible movements over time. However, it does not forecast the overall direction of its price. In a nutshell, if Alger Growth's implied volatility" href="/stock-options/ALBAX/Alger-Growth-Income">Alger Growth's implied volatility is high, the market thinks the stock has potential for high price swings in either direction. On the other hand, the low implied volatility suggests that Alger Growth stock will not fluctuate a lot when Alger Growth's options" href="/stock-options/ALBAX/Alger-Growth-Income">Alger Growth's options are near their expiration.

Alger Growth Fundamentals Vs Peers

Comparing Alger Growth'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 Growth's direct or indirect competition across all of the common fundamentals between Alger Growth and the related equities. This way, we can detect undervalued stocks with similar characteristics as Alger Growth or determine the mutual funds which would be an excellent addition to an existing portfolio. Peer analysis of Alger Growth's fundamental indicators could also be used in its relative valuation, which is a method of valuing Alger Growth by comparing valuation metrics with those of similar companies.
    
 Better Than Average     
    
 Worse Than Average Compare Alger Growth to competition
FundamentalsAlger GrowthPeer Average
Price to Earning3.32 X6.53 X
Price to Book2.87 X0.74 X
Price to Sales2.09 X0.61 X
One Year Return11.96 %4.15 %
Three Year Return8.41 %3.60 %
Five Year Return8.40 %3.24 %
Ten Year Return11.22 %1.79 %
Net Asset197.51 M4.11 B
Last Dividend Paid0.150.65
Cash Position Weight4.98 %10.61 %
Equity Positions Weight95.02 %63.90 %

Alger Growth 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 Power9223.4 B
Rate Of Daily Change1.02
Day Median Price57.36
Day Typical Price57.36
Price Action Indicator0.43

About Alger Growth Buy or Sell Advice

When is the right time to buy or sell Alger Growth Income? 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 stock 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. Although Alger Growth investors may find it confusing at the beginning, most of our advising modules are very easy to use and apply.
Please read more on our stock advisor page.

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In addition to having Alger Growth 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.

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Real Estate
Real Estate Theme
Fama and French investing themes focus on testing asset pricing under different economic assumptions. The Real Estate theme has 61 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 Real Estate Theme or any other thematic opportunities.
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Please continue to Alger Growth 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. Note that the Alger Growth Income information on this page should be used as a complementary analysis to other Alger Growth'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 Commodity Channel Index module to use Commodity Channel Index to analyze current equity momentum.

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