Alger Year to Date Return

ALEAX
 Fund
  

USD 7.77  0.06  0.78%   

Alger Weatherbie Enduring fundamentals help investors to digest information that contributes to Alger Weatherbie's financial success or failures. It also enables traders to predict the movement of Alger Mutual Fund. The fundamental analysis module provides a way to measure Alger Weatherbie's intrinsic value by examining its available economic and financial indicators, including the cash flow records, the balance sheet account changes, the income statement patterns, and various microeconomic indicators and financial ratios related to Alger Weatherbie mutual fund.
This module does not cover all equities due to inconsistencies in global equity categorizations. Continue to Equity Screeners to view more equity screening tools.
  

Alger Year to Date Return Analysis

Alger Weatherbie's Year to Date Return (YTD) is the total return generated from holding a security from the beginning of the current fiscal year. In other words, YTD Return represents the capital appreciation of your investments from the start of the current fiscal year.
YTD Return 
 = 
(Mean of Monthly Returns - 1) 
X  
100% 
More About Year to Date Return | All Equity Analysis

Current Alger Weatherbie Year to Date Return

    
  39.16 %  
Most of Alger Weatherbie's fundamental indicators, such as Year to Date Return, are part of a valuation analysis module that helps investors searching for stocks that are currently trading at higher or lower prices than their real value. If the real value is higher than the market price, Alger Weatherbie Enduring is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.
Year-To-Date typically refers to a period starting from the beginning of the current year and continuing up to the present day. Investors should becareful when comparing YTD ratios if not much of the year has occurred as research shows that YTD measures are more sensitive to early periods than late.
Compare to competition
In accordance with the company's disclosures, Alger Weatherbie Enduring has a Year to Date Return of 39.16%. This is much higher than that of the Category family and notably higher than that of the Family category. The year to date return for all United States funds is notably lower than that of the firm.

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Fund Asset Allocation for Alger Weatherbie

The fund consists of 97.33% investments in stocks, with the rest of investments allocated between different money market instruments.
   Value   
       Instrument Type  

Alger Fundamentals

About Alger Weatherbie Fundamental Analysis

The Macroaxis Fundamental Analysis modules help investors analyze Alger Weatherbie Enduring's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Alger Weatherbie using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Alger Weatherbie Enduring based on its fundamental data. In general, a quantitative approach, as applied to this mutual fund, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.
Please read more on our fundamental analysis page.

Alger Weatherbie Investors Sentiment

The influence of Alger Weatherbie's investor sentiment on the probability of its price appreciation or decline could be a good factor in your decision-making process regarding taking a position in Alger. The overall investor sentiment generally increases the direction of a stock movement in a one-year investment horizon. However, the impact of investor sentiment on the entire stock markets does not have a solid backing from leading economists and market statisticians.
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards Alger Weatherbie in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, Alger Weatherbie's short interest history, or implied volatility extrapolated from Alger Weatherbie options trading.

Pair Trading with Alger Weatherbie

One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Alger Weatherbie position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Alger Weatherbie will appreciate offsetting losses from the drop in the long position's value.

Moving together with Alger Weatherbie

0.81VFINXVanguard Index Trust Low VolatilityPairCorr
0.93VFFSXVanguard 500 Index Low VolatilityPairCorr
0.81VFIAXVanguard 500 Index Low VolatilityPairCorr
The ability to find closely correlated positions to Alger Weatherbie could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Alger Weatherbie when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Alger Weatherbie - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Alger Weatherbie Enduring to buy it.
The correlation of Alger Weatherbie is a statistical measure of how it moves in relation to other equities. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Alger Weatherbie moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Alger Weatherbie Enduring moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Alger Weatherbie can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.
Pair CorrelationCorrelation Matching
Please continue to Alger Weatherbie Piotroski F Score and Alger Weatherbie Altman Z Score analysis. 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 Companies Directory module to evaluate performance of over 100,000 Stocks, Funds, and ETFs against different fundamentals.

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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.