Alger Mutual Fund Quote

ALGAX
 Fund
  

USD 15.85  0.24  1.54%   

Market Performance
0 of 100
Odds Of Distress
Less than 1
Alger International is trading at 15.85 as of the 30th of June 2022; that is 1.54% increase since the beginning of the trading day. The fund's open price was 15.61. Alger International has a very small chance of experiencing financial distress in the next few years, but has generated negative returns over the last 90 days. Equity ratings for Alger International Focus are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 4th of August 2021 and ending today, the 30th of June 2022. Click here to learn more.
Under normal circumstances, the fund invests at least 80 percent of its net assets in equity securities, including common stocks, American Depositary Receipts and Global Depositary Receipts, of foreign companies. Alger International is traded on NASDAQ Exchange in the United States.. More on Alger International Focus

Moving together with Alger International

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Alger International 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 International's investment highlights are automatically generated signals that are significant enough to either complement your investing judgment regarding Alger International or challenge it. These highlights can help you better understand the position you are entering and avoid costly mistakes.
Alger International generated a negative expected return over the last 90 days
Alger International is unlikely to experience financial distress in the next 2 years
The fund holds 97.77% 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 International's available fundamental, technical, and predictive indicators. Your current horizon is 90 days - details
Strong BuyUndervalued
Startdate28th of March 2018
Alger International Focus [ALGAX] is traded in USA and was established 30th of June 2022. The fund is listed under Foreign Large Growth category and is part of Alger family. Alger International Focus presently has accumulated 210.05 M in assets under management (AUM) with no minimum investment requirements, while the total return for the last 3 years was 3.1%.
Check Alger International Probability Of Bankruptcy

Instrument Allocation

Sector Allocation (%)

Investors will always prefer to have their portfolios divercified against different sectors. The broad sector allocation increases the possibility of making a profit or at least avoiding a loss. However, this may also reduce the expected return on Alger Mutual Fund. Generally, it depends on diversification level and type but usually, the broader the sector allocation, the less risk can be expected from holding Alger Mutual Fund, and the less return is expected.
Institutional investors that are interested in enforcing a sector tilt in their portfolio can use exchange-traded funds, such as Alger International Focus Mutual Fund, as a low-cost alternative to building a custom portfolio. So, using sector ETFs to diversify your portfolio can be a profitable strategy. However, no matter what sectors are desirable at a given time, no single industry should ever make up more than 20 percent of your stock portfolio.

Top Alger International Focus Constituents

Alger International Target Price Odds Analysis

What are Alger International's target price odds to finish over the current price? Based on a normal probability distribution, the odds of Alger International jumping above the current price in 90 days from now is about 86.11%. The Alger International Focus probability density function shows the probability of Alger International mutual fund to fall within a particular range of prices over 90 days. Assuming the 90 days horizon Alger International Focus has a beta of -0.0289. This suggests as returns on benchmark increase, returns on holding Alger International are expected to decrease at a much lower rate. During the bear market, however, Alger International Focus is likely to outperform the market. Additionally, the company has a negative alpha, implying that the risk taken by holding this instrument is not justified. Alger International Focus is significantly underperforming DOW.
  Odds Below 15.85HorizonTargetOdds Above 15.85
13.79%90 days
 15.85 
86.11%
Based on a normal probability distribution, the odds of Alger International to move above the current price in 90 days from now is about 86.11 (This Alger International Focus probability density function shows the probability of Alger Mutual Fund to fall within a particular range of prices over 90 days) .

Alger International Focus Risk Profiles

Investors will always prefer to have the highest possible return on investment while minimizing volatility. Alger International market risk premium is the additional return an investor will receive from holding Alger International 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 International. 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 International's alpha and beta are two of the key measurements used to evaluate Alger International's performance over the market, the standard measures of volatility play an important role as well.

Alger International Against Markets

Picking the right benchmark for Alger International 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 International 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 International is critical whether you are bullish or bearish towards Alger International Focus 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 International 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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Investing Alger International Focus

You need to understand the risk of investing before taking a position in Alger International. The danger of trading Alger International Focus 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 International 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 International. The Shape ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile Alger International Focus 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 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 Positions Ratings module to determine portfolio positions ratings based on digital equity recommendations. Macroaxis instant position ratings are based on combination of fundamental analysis and risk-adjusted market performance.

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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.