Alger Mutual Fund Buy Hold or Sell Recommendation

ALGAX
 Fund
  

USD 17.17  0.12  0.69%   

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

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

Time Horizon

Risk Tolerance

Execute Advice
Sell Alger InternationalBuy Alger International
Hold

Volatility

Very steadyDetails

Hype Condition

StaleDetails

Current Valuation

Fairly ValuedDetails

Odds of Distress

Very LowDetails

Economic Sensitivity

Almost mirrors the marketDetails

Analyst Consensus

Not AvailableDetails
For the selected time horizon Alger International Focus has a Risk Adjusted Performance of 0.0122, Jensen Alpha of 0.0219, Total Risk Alpha of 0.0256, Sortino Ratio of 0.0093 and Treynor Ratio of 0.0026
Our trade advice tool can cross-verify current analyst consensus on Alger International Focus and to analyze the fund potential to grow in the current economic cycle. Please makes use of Alger International price to sales and five year return to make buy, hold, or sell decision on Alger International Focus.

Alger International Trading Alerts and Improvement Suggestions

Alger International is unlikely to experience financial distress in the next 2 years
The fund holds 97.27% of its assets under management (AUM) in equities

Alger International Returns Distribution Density

The distribution of Alger International's historical returns is an attempt to chart the future uncertainty of Alger International's future price movements. The chart of the probability distribution of Alger International stock daily returns describes the distribution of returns around its average expected value. We use Alger International Focus price's Value At Risk and its Upside Potential as a relative measure of the distribution. The graph of the distribution of Alger International returns is essential to provide solid investment advice for Alger International stock.
Mean Return0.0131Value At Risk-3.26
Potential Upside2.84Standard Deviation1.93
   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 International 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 International 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 International 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 International 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
0.021852
β
Beta against DOW1.18
σ
Overall volatility
1.79
Ir
Information ratio 0.0098

Alger International Volatility Alert

Alger International Focus currently demonstrates below-average downside deviation. It has Information Ratio of 0.01 and Jensen Alpha of 0.02. However, we advise investors to further question Alger International Focus 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 International'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 International'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 International Implied Volatility

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

Alger International Fundamentals Vs Peers

Comparing Alger International'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 International's direct or indirect competition across all of the common fundamentals between Alger International and the related equities. This way, we can detect undervalued stocks with similar characteristics as Alger International or determine the mutual funds which would be an excellent addition to an existing portfolio. Peer analysis of Alger International's fundamental indicators could also be used in its relative valuation, which is a method of valuing Alger International by comparing valuation metrics with those of similar companies.
    
 Better Than Average     
    
 Worse Than Average Compare Alger International to competition
FundamentalsAlger InternationalPeer Average
Price to Earning15.38 X6.53 X
Price to Book1.83 X0.74 X
Price to Sales1.61 X0.61 X
One Year Return10.54 %4.15 %
Three Year Return3.10 %3.60 %
Five Year Return0.85 %3.24 %
Ten Year Return5.89 %1.79 %
Net Asset210.05 M4.11 B
Cash Position Weight2.74 %10.61 %
Equity Positions Weight97.27 %63.90 %

Alger International 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(9,223,372,036,855)
Rate Of Daily Change0.99
Day Median Price17.17
Day Typical Price17.17
Price Action Indicator(0.06)

About Alger International Buy or Sell Advice

When is the right time to buy or sell Alger International Focus? 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 International 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 International 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 Basic Utilities Thematic Idea Now

Basic Utilities
Basic Utilities Theme
Companies involved in production and distribution of electric, gas, water, and other energy utilities. The Basic Utilities theme has 40 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 Basic Utilities Theme or any other thematic opportunities.
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Please continue to Alger International 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 International Focus information on this page should be used as a complementary analysis to other Alger International'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 Price Transformation module to use Price Transformation models to analyze depth of different equity instruments across global markets.

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