Alger Midcap Growth Fund Quote

AMGCX Fund  USD 8.28  0.01  0.12%   

Performance

17 of 100

 
Low
 
High
Solid

Odds Of Distress

Less than 33

 
100  
 
Zero
Below Average
Alger Midcap is trading at 8.28 as of the 29th of March 2024; that is -0.12 percent decrease since the beginning of the trading day. The fund's open price was 8.29. Alger Midcap has about a 33 percent probability of financial distress in the next few years of operation but had a somewhat solid performance during the last 90 days. Equity ratings for Alger Midcap Growth are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 28th of February 2024 and ending today, the 29th of March 2024. Click here to learn more.
Under normal circumstances, the fund invests at least 80 percent of its net assets in equity securities of companies that, at the time of purchase of the securities, have total market capitalization within the range of companies included in the Russell Midcap Growth Index or the SP MidCap 400 Index, as reported by the indexes as of the most recent quarter-end. More on Alger Midcap Growth

Moving together with Alger Mutual Fund

  0.63USG USCF Gold Strategy Symbol ChangePairCorr
  1.0AMGAX Alger Midcap GrowthPairCorr
  0.98AMGOX Alger Mid CapPairCorr
  0.96ADOCX Alger Dynamic OpportPairCorr
  0.96ADOZX Alger Dynamic OpportPairCorr
  0.99AFGZX Alger Global GrowthPairCorr

Alger 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. Alger Midcap's investment highlights are automatically generated signals that are significant enough to either complement your investing judgment regarding Alger Midcap or challenge it. These highlights can help you better understand the position you are entering and avoid costly mistakes.
Fund ConcentrationAlger Funds, Large Funds, Mid-Cap Growth Funds, Mid-Cap Growth, Alger (View all Sectors)
Update Date31st of March 2024
Expense Ratio Date6th of April 2023
Fiscal Year EndOctober
Alger Midcap Growth [AMGCX] is traded in USA and was established 29th of March 2024. Alger Midcap is listed under Alger category by Fama And French industry classification. The fund is listed under Mid-Cap Growth category and is part of Alger family. This fund presently has accumulated 45.35 M in assets under management (AUM) with no minimum investment requirementsAlger Midcap Growth is currently producing year-to-date (YTD) return of 11.32%, while the total return for the last 3 years was -3.69%.
Check Alger Midcap 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 Midcap Growth 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 Midcap Growth Mutual Fund Constituents

FICOFair IsaacStockInformation Technology
CTASCintasStockIndustrials
SEDGSolarEdge TechnologiesStockInformation Technology
CPRTCopart IncStockIndustrials
TDOCTeladocStockHealth Care
NWLNewell BrandsStockConsumer Discretionary
CDNSCadence Design SystemsStockInformation Technology
More Details

Alger Midcap Target Price Odds Analysis

Based on a normal probability distribution, the odds of Alger Midcap jumping above the current price in 90 days from now is about 7.83%. The Alger Midcap Growth probability density function shows the probability of Alger Midcap mutual fund to fall within a particular range of prices over 90 days. Assuming the 90 days horizon the mutual fund has a beta coefficient of 1.251. This suggests as the benchmark fluctuates upward, the company is expected to outperform it on average. However, if the benchmark returns are projected to be negative, Alger Midcap will likely underperform. Additionally, alger Midcap Growth has an alpha of 0.0063, implying that it can generate a 0.006335 percent excess return over NYSE Composite after adjusting for the inherited market risk (beta).
  Odds Below 8.28HorizonTargetOdds Above 8.28
92.07%90 days
 8.28 
7.83%
Based on a normal probability distribution, the odds of Alger Midcap to move above the current price in 90 days from now is about 7.83 (This Alger Midcap Growth probability density function shows the probability of Alger Mutual Fund to fall within a particular range of prices over 90 days) .

Alger Midcap Growth Risk Profiles

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

Alger Midcap Against Markets

Picking the right benchmark for Alger Midcap 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 Midcap 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 Midcap is critical whether you are bullish or bearish towards Alger Midcap Growth at a given time. Please also check how Alger Midcap's historical prices are related to one of the top price index indicators.

Be your own money manager

Our tools can tell you how much better you can do entering a position in Alger Midcap without increasing your portfolio risk or giving up the 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.

Did you try this?

Run Efficient Frontier Now

   

Efficient Frontier

Plot and analyze your portfolio and positions against risk-return landscape of the market.
All  Next Launch Module

How to buy Alger Mutual Fund?

Before investing in Alger Midcap, you must ensure you fully understand your financial goals and how diversified (or not) your overall investments are now. Then, after you clearly understand your investment objectives, consider investing in Alger Midcap. To buy Alger Midcap fund, you can follow these steps:
  • Choose a brokerage firm: You need to select a brokerage firm to buy shares of Alger Midcap. Some popular options include Charles Schwab, Fidelity, TD Ameritrade, and Robinhood.
  • Open an account: Once you have chosen a brokerage firm, you will need to open an account. You will be required to provide personal information, such as your name, address, and Social Security number.
  • Fund your account: You will need to deposit funds into your brokerage account to purchase Alger Midcap fund. You can do this by transferring funds from your bank account or other investment accounts.
  • Place your order: Once you have located Alger Midcap Growth fund in your brokerage account, you can place your order to buy it. You will need to specify the number of shares you want to buy and the price you are willing to pay.
  • Monitor your investment: After you have purchased Alger Midcap Growth fund, you should monitor your investment to track its performance and make informed decisions about buying, selling, or holding the fund
It's important to note that investing in stocks, such as Alger Midcap Growth, carries risks, and you should carefully consider your investment goals and risk tolerance before making any investment decisions. Also, remember various factors, including economic indicators, change in net worth, political events, company-specific news, and investor sentiment, can influence the stock market. These factors can cause fluctuations in fund prices and lead to market volatility affecting your buy or sell decision. However, volatility can also present opportunities for investors to make gains by buying stocks when prices are low and selling when they are high. It's important for investors to have a long-term perspective and a well-diversified portfolio to manage the impact of stock market volatility on their investments.

Already Invested in Alger Midcap Growth?

The danger of trading Alger Midcap Growth 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 Midcap 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 Midcap. The Sharpe ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile Alger Midcap Growth 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.
Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in 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 main economic indicators.
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 Performance Analysis module to check effects of mean-variance optimization against your current asset allocation.

Complementary Tools for Alger Mutual Fund analysis

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.
Positions Ratings
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
USA ETFs
Find actively traded Exchange Traded Funds (ETF) in USA
Crypto Correlations
Use cryptocurrency correlation module to diversify your cryptocurrency portfolio across multiple coins
Latest Portfolios
Quick portfolio dashboard that showcases your latest portfolios
Fundamental Analysis
View fundamental data based on most recent published financial statements
Portfolio Backtesting
Avoid under-diversification and over-optimization by backtesting your portfolios
Portfolio Comparator
Compare the composition, asset allocations and performance of any two portfolios in your account
Portfolio Volatility
Check portfolio volatility and analyze historical return density to properly model market risk
Equity Search
Search for actively traded equities including funds and ETFs from over 30 global markets
Alpha Finder
Use alpha and beta coefficients to find investment opportunities after accounting for the risk
Odds Of Bankruptcy
Get analysis of equity chance of financial distress in the next 2 years
Commodity Channel
Use Commodity Channel Index to analyze current equity momentum
Watchlist Optimization
Optimize watchlists to build efficient portfolios or rebalance existing positions based on the mean-variance optimization algorithm
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.