Alger Mutual Fund Buy Hold or Sell Recommendation

ALEAX
 Fund
  

USD 8.03  0.17  2.16%   

Assuming the 90 days horizon and your highly speculative risk level, our recommendation regarding Alger Weatherbie Enduring is 'Strong Hold'. Macroaxis provides Alger Weatherbie buy-hold-or-sell recommendation only in the context of selected investment horizon and investor attitude towards risk assumed by holding ALEAX positions. The advice algorithm takes into account all of Alger Weatherbie's available fundamental, technical, and predictive indicators you will find on this site.
  
The advice is provided from Alger Weatherbie's buy-and-hold perspective. Please continue to Alger Weatherbie 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 Weatherbie Enduring.

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

Time Horizon

Risk Tolerance

Execute Advice
Sell Alger WeatherbieBuy Alger Weatherbie
Strong Hold

Volatility

Somewhat reliableDetails

Hype Condition

Low keyDetails

Current Valuation

OvervaluedDetails

Odds of Distress

LowDetails

Economic Sensitivity

Barely shadows the marketDetails

Analyst Consensus

Not AvailableDetails
For the selected time horizon Alger Weatherbie Enduring has a Risk Adjusted Performance of 0.1162, Jensen Alpha of 0.1671, Total Risk Alpha of 0.0588, Sortino Ratio of 0.0492 and Treynor Ratio of 1.07
We provide trade advice to complement the prevailing expert consensus on Alger Weatherbie Enduring. Our dynamic recommendation engine uses a multidimensional algorithm to analyze the fund's potential to grow using all technical and fundamental data available at the time. Please makes use of Alger Weatherbie year to date return and last dividend paid to make buy, hold, or sell decision on Alger Weatherbie Enduring.

Alger Weatherbie Trading Alerts and Improvement Suggestions

Latest headline from thespoon.tech: Robot Butlers Roombas Elon and Amazon Are Getting Serious About Building Home Robots - The Spoon
The fund generated three year return of -16.0%
Alger Weatherbie Enduring holds 97.33% of its assets under management (AUM) in equities

Alger Weatherbie Returns Distribution Density

The distribution of Alger Weatherbie's historical returns is an attempt to chart the future uncertainty of Alger Weatherbie's future price movements. The chart of the probability distribution of Alger Weatherbie stock daily returns describes the distribution of returns around its average expected value. We use Alger Weatherbie Enduring price's Value At Risk and its Upside Potential as a relative measure of the distribution. The graph of the distribution of Alger Weatherbie returns is essential to provide solid investment advice for Alger Weatherbie stock.
Mean Return0.19Value At Risk-3.6
Potential Upside3.38Standard Deviation2.11
   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 Weatherbie 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 Weatherbie 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 Weatherbie or Alger Weatherbie Enduring 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 Weatherbie 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
0.17
β
Beta against DOW0.17
σ
Overall volatility
2.05
Ir
Information ratio 0.05

Alger Weatherbie Volatility Alert

Alger Weatherbie Enduring currently demonstrates below-average downside deviation. It has Information Ratio of 0.05 and Jensen Alpha of 0.17. However, we advise investors to further question Alger Weatherbie Enduring expected returns to ensure all indicators are consistent with the current outlook about its relatively low value at risk. Understanding different market volatility trends often help investors to time the market. Properly using volatility indicators enable traders to measure Alger Weatherbie'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 Weatherbie'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 Weatherbie Implied Volatility

Alger Weatherbie's implied volatility" href="/stock-options/ALEAX/Alger-Weatherbie-Enduring">Alger Weatherbie's implied volatility exposes the market's sentiment of Alger Weatherbie Enduring stock's possible movements over time. However, it does not forecast the overall direction of its price. In a nutshell, if Alger Weatherbie's implied volatility" href="/stock-options/ALEAX/Alger-Weatherbie-Enduring">Alger Weatherbie'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 Weatherbie stock will not fluctuate a lot when Alger Weatherbie's options" href="/stock-options/ALEAX/Alger-Weatherbie-Enduring">Alger Weatherbie's options are near their expiration.

Alger Weatherbie Fundamentals Vs Peers

Comparing Alger Weatherbie'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 Weatherbie's direct or indirect competition across all of the common fundamentals between Alger Weatherbie and the related equities. This way, we can detect undervalued stocks with similar characteristics as Alger Weatherbie or determine the mutual funds which would be an excellent addition to an existing portfolio. Peer analysis of Alger Weatherbie's fundamental indicators could also be used in its relative valuation, which is a method of valuing Alger Weatherbie by comparing valuation metrics with those of similar companies.
    
 Better Than Average     
    
 Worse Than Average Compare Alger Weatherbie to competition
FundamentalsAlger WeatherbiePeer Average
Annual Yield0.43 %0.29 %
Year to Date Return39.16 %0.39 %
One Year Return(21.97) %4.15 %
Three Year Return(15.51) %3.60 %
Net Asset3.73 M4.11 B
Minimum Initial Investment1 K976.16 K
Last Dividend Paid0.030.65
Holdings Turnover11.97 %23.92 %
Cash Position Weight2.72 %10.61 %
Equity Positions Weight97.33 %63.90 %

Alger Weatherbie 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 Price8.03
Day Typical Price8.03
Price Action Indicator0.085

About Alger Weatherbie Buy or Sell Advice

When is the right time to buy or sell Alger Weatherbie Enduring? 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 Weatherbie 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.

Use Investing Ideas to Build Portfolios

In addition to having Alger Weatherbie 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 SRI Sustainable Growth Thematic Idea Now

SRI Sustainable Growth
SRI Sustainable Growth Theme
Socially responsible investments that include companies making a positive, sustainable or social impact and exclude those making a negative impact. The SRI Sustainable Growth theme has 47 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 SRI Sustainable Growth Theme or any other thematic opportunities.
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Please continue to Alger Weatherbie 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 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 Options Analysis module to analyze and evaluate options and option chains as a potential hedge for your portfolios.

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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.