Alger Dynamic Opportunities Fund Buy Hold or Sell Recommendation

ADOCX Fund  USD 16.34  0.02  0.12%   
Assuming the 90 days horizon and your way above-average risk tolerance, our recommendation regarding Alger Dynamic Opportunities is 'Strong Buy'. Macroaxis provides Alger Dynamic buy-hold-or-sell recommendation only in the context of selected investment horizon and investor attitude towards risk assumed by holding ADOCX positions. The advice algorithm takes into account all of Alger Dynamic's available fundamental, technical, and predictive indicators you will find on this site. Key drivers impacting Alger Dynamic's buy or sell advice are summarized below:
Real Value
17.89
Hype Value
16.34
Market Value
16.34
A buy or sell recommendation provided by Macroaxis is an automated directive regarding whether to purchase or sell Alger Dynamic Opportunities given historical horizon and risk tolerance towards Alger Dynamic. When Macroaxis issues a 'buy' or 'sell' recommendation for Alger Dynamic Opportunities, the advice is generated through an automated system that utilizes algorithms and statistical models.
  
Check out Alger Dynamic 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.
In addition, we conduct extensive research on individual funds such as Alger and provide practical buy, sell, or hold recommendation based on investors' investing horizon and their risk tolerance towards Alger Dynamic Opportunities. Also, note that the market value of any mutual fund could be tightly coupled with the direction of predictive economic indicators such as signals in main economic indicators.

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

Time Horizon

Risk Tolerance

Execute Advice
Sell Alger DynamicBuy Alger Dynamic
Strong Buy

Market Performance

SolidDetails

Volatility

Very steadyDetails

Hype Condition

StaleDetails

Current Valuation

UndervaluedDetails

Odds Of Distress

Below AverageDetails

Economic Sensitivity

Follows the market closelyDetails

Analyst Consensus

Not AvailableDetails
For the selected time horizon Alger Dynamic Opportunities has a Risk Adjusted Performance of 0.1134, Jensen Alpha of 0.0476, Total Risk Alpha of (0.02), Sortino Ratio of (0.01) and Treynor Ratio of 0.2072
Our trade advice tool can cross-verify current analyst consensus on Alger Dynamic Opport and to analyze the fund potential to grow in the current economic cycle. Use Alger Dynamic Opport price to sales, three year return, as well as the relationship between the Three Year Return and equity positions weight to ensure your buy or sell decision on Alger Dynamic Opport is adequate.

Alger Dynamic Trading Alerts and Improvement Suggestions

The fund generated three year return of -2.0%
Alger Dynamic Opport holds about 62.83% of its assets under management (AUM) in cash

Alger Dynamic Returns Distribution Density

The distribution of Alger Dynamic's historical returns is an attempt to chart the uncertainty of Alger Dynamic's future price movements. The chart of the probability distribution of Alger Dynamic daily returns describes the distribution of returns around its average expected value. We use Alger Dynamic Opportunities price's Value At Risk and its Upside Potential as a relative measure of the distribution. The graph of the distribution of Alger Dynamic returns is essential to provide solid investment advice for Alger Dynamic.
Mean Return
0.13
Value At Risk
-0.93
Potential Upside
1.29
Standard Deviation
0.64
   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 Dynamic 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 Dynamic 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 Dynamic 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 Dynamic's price will be affected by overall mutual fund 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 fund'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 NYSE Composite
0.05
β
Beta against NYSE Composite0.58
σ
Overall volatility
0.65
Ir
Information ratio -0.008

Alger Dynamic Volatility Alert

Alger Dynamic Opportunities exhibits relatively low volatility with skewness of 0.27 and kurtosis of 0.49. Understanding different market volatility trends often help investors to time the market. Properly using volatility indicators enable traders to measure Alger Dynamic's mutual fund risk against market volatility during both bullish and bearish trends. The higher level of volatility that comes with bear markets can directly impact Alger Dynamic'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 financial instruments as prices fall.

Alger Dynamic Fundamentals Vs Peers

Comparing Alger Dynamic'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 Dynamic's direct or indirect competition across all of the common fundamentals between Alger Dynamic and the related equities. This way, we can detect undervalued stocks with similar characteristics as Alger Dynamic or determine the mutual funds which would be an excellent addition to an existing portfolio. Peer analysis of Alger Dynamic's fundamental indicators could also be used in its relative valuation, which is a method of valuing Alger Dynamic by comparing valuation metrics with those of similar companies.
    
 Better Than Average     
    
 Worse Than Average Compare Alger Dynamic to competition
FundamentalsAlger DynamicPeer Average
Price To Earning26.38 X6.53 X
Price To Book2.90 X0.74 X
Price To Sales3.30 X0.61 X
Year To Date Return8.93 %0.39 %
One Year Return15.79 %4.15 %
Three Year Return(1.79) %3.60 %
Five Year Return7.27 %3.24 %
Ten Year Return6.94 %1.79 %
Net Asset370.36 M4.11 B
Cash Position Weight62.83 %10.61 %
Equity Positions Weight36.29 %63.90 %

Alger Dynamic 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.

About Alger Dynamic Buy or Sell Advice

When is the right time to buy or sell Alger Dynamic Opportunities? 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 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. 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 Dynamic 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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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 Cryptocurrency ETFs Theme or any other thematic opportunities.
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Check out Alger Dynamic 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 Dynamic Opport information on this page should be used as a complementary analysis to other Alger Dynamic'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 the Aroon Oscillator module to analyze current equity momentum using Aroon Oscillator and other momentum ratios.

Complementary Tools for Alger Mutual Fund analysis

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