Alger Midcap Growth Fund Buy Hold or Sell Recommendation

AMGAX Fund  USD 14.32  0.08  0.56%   
Assuming the 90 days horizon and your way above-average risk tolerance, our recommendation regarding Alger Midcap Growth is 'Strong Hold'. Macroaxis provides Alger Midcap buy-hold-or-sell recommendation only in the context of selected investment horizon and investor attitude towards risk assumed by holding AMGAX positions. The advice algorithm takes into account all of Alger Midcap's available fundamental, technical, and predictive indicators you will find on this site. Key drivers impacting Alger Midcap's buy or sell advice are summarized below:
Real Value
12.9
Hype Value
14.32
Market Value
14.32
Naive Value
14.38
A buy or sell recommendation provided by Macroaxis is an automated directive regarding whether to purchase or sell Alger Midcap Growth given historical horizon and risk tolerance towards Alger Midcap. When Macroaxis issues a 'buy' or 'sell' recommendation for Alger Midcap Growth, the advice is generated through an automated system that utilizes algorithms and statistical models.
  
Check out Alger Midcap 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 Midcap Growth. 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 nation.

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

Time Horizon

Risk Tolerance

Execute Advice
Sell Alger MidcapBuy Alger Midcap
Strong Hold

Market Performance

GoodDetails

Volatility

Very steadyDetails

Hype Condition

StaleDetails

Current Valuation

OvervaluedDetails

Odds Of Distress

Below AverageDetails

Economic Sensitivity

Moves indifferently to market movesDetails

Analyst Consensus

Not AvailableDetails
For the selected time horizon Alger Midcap Growth has a Risk Adjusted Performance of 0.1125, Jensen Alpha of 0.0147, Total Risk Alpha of (0.04), Sortino Ratio of 0.0504 and Treynor Ratio of 0.1359
Our trade advice tool can cross-verify current analyst consensus on Alger Midcap Growth and to analyze the fund potential to grow in the current economic cycle. Use Alger Midcap Growth 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 Midcap Growth is adequate.

Alger Midcap Trading Alerts and Improvement Suggestions

The fund generated three year return of -3.0%
Alger Midcap Growth holds about 7.29% of its assets under management (AUM) in cash

Alger Midcap Returns Distribution Density

The distribution of Alger Midcap's historical returns is an attempt to chart the uncertainty of Alger Midcap's future price movements. The chart of the probability distribution of Alger Midcap daily returns describes the distribution of returns around its average expected value. We use Alger Midcap Growth price's Value At Risk and its Upside Potential as a relative measure of the distribution. The graph of the distribution of Alger Midcap returns is essential to provide solid investment advice for Alger Midcap.
Mean Return
0.18
Value At Risk
-1.61
Potential Upside
1.55
Standard Deviation
0.94
   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 Midcap 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 Midcap 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 Midcap 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 Midcap'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
0.01
β
Beta against NYSE Composite1.27
σ
Overall volatility
0.96
Ir
Information ratio 0.05

Alger Midcap Volatility Alert

Alger Midcap Growth has low volatility with Treynor Ratio of 0.14, Maximum Drawdown of 4.08 and kurtosis of 0.03. Understanding different market volatility trends often help investors to time the market. Properly using volatility indicators enable traders to measure Alger Midcap'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 Midcap'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 Midcap Fundamentals Vs Peers

Comparing Alger Midcap'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 Midcap's direct or indirect competition across all of the common fundamentals between Alger Midcap and the related equities. This way, we can detect undervalued stocks with similar characteristics as Alger Midcap or determine the mutual funds which would be an excellent addition to an existing portfolio. Peer analysis of Alger Midcap's fundamental indicators could also be used in its relative valuation, which is a method of valuing Alger Midcap by comparing valuation metrics with those of similar companies.
    
 Better Than Average     
    
 Worse Than Average Compare Alger Midcap to competition
FundamentalsAlger MidcapPeer Average
Price To Earning2.01 X6.53 X
Price To Book3.70 X0.74 X
Price To Sales2.13 X0.61 X
Year To Date Return11.48 %0.39 %
One Year Return31.52 %4.15 %
Three Year Return(2.89) %3.60 %
Five Year Return11.21 %3.24 %
Ten Year Return11.98 %1.79 %
Net Asset190.85 M4.11 B
Cash Position Weight7.29 %10.61 %
Equity Positions Weight91.60 %63.90 %

Alger Midcap 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 Midcap Buy or Sell Advice

When is the right time to buy or sell Alger Midcap Growth? 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 Midcap 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 Wholesale Thematic Idea Now

Wholesale
Wholesale Theme
Fama and French investing themes focus on testing asset pricing under different economic assumptions. The Wholesale theme has 61 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 Wholesale Theme or any other thematic opportunities.
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Check out Alger Midcap 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 Midcap Growth information on this page should be used as a complementary analysis to other Alger Midcap'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 Earnings Calls module to check upcoming earnings announcements updated hourly across public exchanges.

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