Alger Health Competition

Mutual Funds . USA . 
Fund . Alger Health Sciences
AHSAX Fund  USD 22.18  0.08  0.36%   
Alger Health Sciences competes with Vanguard Health, Vanguard Health, T Rowe, T Rowe, and Vanguard Health; as well as few others. The fund is listed under Health category and is part of Alger family. Analyzing Alger Health competition allows you to expand the diversification possibilities of your existing portfolios and to get a better perspective on locking in new positions. Investors sometimes prefer comparable analysis of Alger Health to its intrinsic valuation because they are able to contrast its competitors on a relative basis. Check out Alger Health Correlation with its peers.
You can use the Comparative Equity Analysis module to analyze the advantages of investing in your portfolio's related equities across multiple sectors and thematic ideas. Please use the input box below to enter symbols for particular investments you would like to analyze. With the equity comparison module, you can estimate the relative effect of Alger Health competition on your existing holdings.
  
Specify up to 10 symbols:
Hype
Prediction
LowEstimatedHigh
21.4422.1822.92
Details
Intrinsic
Valuation
LowRealHigh
21.2922.0322.77
Details
Naive
Forecast
LowNextHigh
22.0222.7623.50
Details
Bollinger
Band Projection (param)
LowerMiddle BandUpper
21.0821.7122.34
Details
Please note, it is not enough to conduct a financial or market analysis of a single entity such as Alger Health. Your research has to be compared to or analyzed against Alger Health's peers to derive any actionable benefits. When done correctly, Alger Health's competitive analysis will give you plenty of quantitative and qualitative data to validate your investment decisions or develop an entirely new strategy toward taking a position in Alger Health Sciences.

Alger Health Competition Correlation Matrix

Typically, diversification allows investors to combine positions across different asset classes to reduce overall portfolio risk. Correlation between Alger Health and its competitors represents the degree of relationship between the price movements of corresponding funds. A correlation of about +1.0 implies that the price of Alger and its corresponding peer move in tandem. A correlation of -1.0 means that prices move in opposite directions. A correlation of close to zero suggests that the price movements of assets are uncorrelated; in other words, the historical price movement of Alger Health Sciences does not affect the price movement of the other competitor.
Click cells to compare fundamentals   Check Volatility   Backtest Portfolio

Risk-Adjusted Indicators

There is a big difference between Alger Mutual Fund performing well and Alger Health Mutual Fund doing well as a business compared to the competition. There are so many exceptions to the norm that investors cannot definitively determine what's good or bad unless they analyze Alger Health's multiple risk-adjusted performance indicators across the competitive landscape. These indicators are quantitative in nature and help investors forecast volatility and risk-adjusted expected returns across various positions.
Mean DeviationJensen AlphaSortino RatioTreynor RatioSemi DeviationExpected ShortfallPotential UpsideValue @RiskMaximum Drawdown
VGHAX  0.60 (0.23) 0.00 (0.28) 0.00 
 0.00 
 0.83 
(1.29)
 3.84 
VGHCX  0.60 (0.23) 0.00 (0.28) 0.00 
 0.00 
 0.82 
(1.29)
 3.84 
PRHSX  0.71 (0.17) 0.00 (0.11) 0.00 
 0.00 
 1.06 
(1.25)
 4.81 
THISX  0.71 (0.17) 0.00 (0.11) 0.00 
 0.00 
 1.06 
(1.25)
 4.81 
VHCIX  0.57 (0.15) 0.00 (0.12) 0.00 
 0.00 
 0.87 
(1.26)
 3.08 
SHISX  0.59 (0.14) 0.00 (0.11) 0.00 
 0.00 
 0.90 
(1.31)
 3.38 
SHSCX  0.59 (0.14) 0.00 (0.11) 0.00 
 0.00 
 0.92 
(1.30)
 3.38 
SHSAX  0.59 (0.14) 0.00 (0.11) 0.00 
 0.00 
 0.91 
(1.29)
 3.38 
SHSSX  0.59 (0.14) 0.00 (0.11) 0.00 
 0.00 
 0.91 
(1.30)
 3.39 
FSPHX  0.70 (0.09)(0.13) 0.01  0.93 
(0.67)
 1.17 
(1.50)
 3.90 
All Fundamental Data

Alger Health Competitive Analysis

The better you understand Alger Health competitors, the better chance you have of utilizing it as a position in your portfolios. From an individual investor's perspective, Alger Health's competitive analysis can cover a whole range of metrics. Some of these will be more critical depending on who you are as an investor and how you react to market volatility. However, if you are locking your investment sandscape to a long-term horizon, comparing the fundamental indicator across Alger Health's competition over several years is one of the best ways to analyze its investment potential.
    
 Better Than Average     
    
 Worse Than Peers    View Performance Chart
AHSAX VGHAX VGHCX PRHSX THISX VHCIX SHISX SHSCX SHSAX SHSSX
 0.36 
 22.18 
Alger
 0.44 
 90.41 
Vanguard
 0.44 
 214.34 
Vanguard
 0.32 
 96.88 
PRHSX
 0.31 
 97.23 
THISX
 0.21 
 136.05 
Vanguard
 0.27 
 70.33 
BLACKROCK
 0.28 
 56.55 
Blackrock
 0.27 
 69.95 
Blackrock
 0.28 
 75.18 
Blackrock
Market Volatility
(90 Days Market Risk)
Very steady
Very steady
Very steady
Very steady
Very steady
Very steady
Very steady
Very steady
Very steady
Very steady
Market Performance
(90 Days Performance)
Weak
Very Weak
Very Weak
Very Weak
Very Weak
Very Weak
Very Weak
Very Weak
Very Weak
Very Weak
Odds of Financial Distress
(Probability Of Bankruptcy)
Low
Low
Low
Low
Low
Low
Low
Low
Low
Low
Current Valuation
(Equity Enterprise Value)
Fairly Valued
Fairly Valued
Fairly Valued
Fairly Valued
Fairly Valued
Fairly Valued
Fairly Valued
Fairly Valued
Fairly Valued
Fairly Valued
Buy or Sell Advice
(Average Analysts Consensus)
Not Available
Not Available
Not Available
Not Available
Not Available
Not Available
Not Available
Not Available
Not Available
Not Available
Trade Advice
(90 Days Macroaxis Advice)
Strong Buy
Strong Buy
Strong Buy
Strong Buy
Strong Buy
Strong Buy
Strong Buy
Strong Buy
Strong Buy
Strong Buy
Net Asset
146.94 M
50.35 B
46.84 B
15.68 B
13.82 B
10.28 B
8.74 B
8.74 B
8.74 B
8.74 B
Minimum Initial Investment
N/A
50 K
N/A
2.5 K
N/A
N/A
N/A
N/A
N/A
2 M
Price To Book
4.18
2.74
2.74
2.86
N/A
2.98
3.1
3.1
3.1
3.1
Five Year Return
3.52
7.89
7.56
8.63
8.76
9.11
7.96
7.2
8.14
8.41
One Year Return
15.89
12.62
8.71
18.79
18.94
14.35
13.84
13.05
13.57
13.86
Last Dividend Paid
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
0.09
Price To Earning
2.29
22.84
22.84
4.12
4.05
3.01
18.98
18.98
18.98
18.98
Price To Sales
3.03
1.62
1.62
1.3
N/A
1.62
1.37
1.37
1.37
1.37
Cash Position Weight
2.11
1.7
1.72
0.18
0.11
0.5
2.3
2.3
2.3
3.3
Equity Positions Weight
94.69
98.09
98.28
91.87
99.89
99.49
96.9
96.9
96.9
95.5
Three Year Return
-7.07
5.3
3.69
0.51
0.64
3.3
3.59
2.86
3.33
3.59
Annual Yield
N/A
0.0083
0.0078
N/A
N/A
0.0143
0.0018
N/A
0.0024
0.0043
Year To Date Return
6.21
5.5
2.28
10.22
10.34
8.31
9.08
8.4
8.36
8.59
Bond Positions Weight
N/A
0.21
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
Ten Year Return
15.21
15.67
15.61
19.93
19.98
16.11
16.79
15.95
16.79
17.13
Day Typical Price
22.18
90.41
214.34
96.88
97.23
136.05
70.33
56.55
69.95
75.18
Daily Balance Of Power
9.2 T
9.2 T
9.2 T
9.2 T
9.2 T
9.2 T
9.2 T
9.2 T
9.2 T
9.2 T
Period Momentum Indicator
0.08
0.4
0.94
0.31
0.3
0.28
0.19
0.16
0.19
0.21
Rate Of Daily Change
1.0
1.0
1.0
1.0
1.0
1.0
1.0
1.0
1.0
1.0
Day Median Price
22.18
90.41
214.34
96.88
97.23
136.05
70.33
56.55
69.95
75.18
Price Action Indicator
0.04
0.2
0.47
0.16
0.15
0.14
0.095
0.08
0.095
0.11
Relative Strength Index
58.07
44.59
44.56
49.34
49.37
48.88
49.7
49.49
49.7
49.8
Coefficient Of Variation
6783.9
(507.87)
(507.17)
(1,277)
(1,288)
(1,084)
(1,331)
(1,271)
(1,333)
(1,356)
Mean Deviation
0.5692
0.6015
0.6021
0.7112
0.7114
0.574
0.5859
0.5869
0.5861
0.5857
Jensen Alpha
(0.06)
(0.23)
(0.23)
(0.17)
(0.17)
(0.15)
(0.14)
(0.14)
(0.14)
(0.14)
Total Risk Alpha
(0.12)
(0.28)
(0.28)
(0.23)
(0.23)
(0.19)
(0.19)
(0.19)
(0.19)
(0.18)
Sortino Ratio
(0.16)
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
Downside Variance
0.6533
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
Standard Deviation
0.7407
0.7458
0.746
0.8893
0.8895
0.701
0.7276
0.7278
0.7269
0.7263
Kurtosis
1.82
1.26
1.26
1.16
1.16
0.1208
0.3475
0.3259
0.37
0.3547
Potential Upside
0.8295
0.8289
0.8221
1.06
1.06
0.8709
0.9044
0.9165
0.9093
0.9115
Treynor Ratio
0.0019
(0.28)
(0.28)
(0.11)
(0.11)
(0.12)
(0.11)
(0.11)
(0.11)
(0.11)
Maximum Drawdown
4.54
3.84
3.84
4.81
4.81
3.08
3.38
3.38
3.38
3.39
Variance
0.5486
0.5562
0.5566
0.7909
0.7912
0.4914
0.5294
0.5296
0.5284
0.5275
Market Risk Adjusted Performance
0.0119
(0.27)
(0.27)
(0.1)
(0.1)
(0.11)
(0.1)
(0.10)
(0.1)
(0.1)
Risk Adjusted Performance
0.0109
(0.15)
(0.15)
(0.06)
(0.06)
(0.07)
(0.06)
(0.06)
(0.06)
(0.06)
Skewness
0.2456
(0.74)
(0.75)
(0.78)
(0.78)
(0.61)
(0.64)
(0.64)
(0.64)
(0.64)
Semi Deviation
0.7468
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
Information Ratio
(0.17)
(0.38)
(0.38)
(0.23)
(0.23)
(0.29)
(0.26)
(0.27)
(0.26)
(0.26)
Value At Risk
(1.27)
(1.29)
(1.29)
(1.25)
(1.25)
(1.26)
(1.31)
(1.30)
(1.29)
(1.30)
Expected Short fall
(0.56)
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
Downside Deviation
0.8083
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
Semi Variance
0.5577
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A

Alger Health Competition Performance Charts

Five steps to successful analysis of Alger Health Competition

Alger Health's competitive analysis is the process of researching and evaluating its competitive landscape. It provides an understanding of the strengths, weaknesses, opportunities, and threats (SWOT) faced by Alger Health Sciences in relation to its competition. Alger Health's competition analysis typically involves several steps, including:
  • Identifying the key players in the market: This involves identifying the major competitors of Alger Health in the market, both direct and indirect, as well as new entrants and disruptive technologies.
  • Assessing the strengths and weaknesses of each competitor: This involves evaluating each competitor's strengths and weaknesses in areas such as product offerings, market share, brand recognition, financial performance, and distribution channels.
  • Understanding the competitive environment: This involves evaluating the regulatory environment, economic conditions, and other factors that may impact Alger Health's competitive landscape.
  • Identifying opportunities and threats: This involves using the information gathered during the analysis to identify opportunities and threats to Alger Health Sciences, and developing a strategy to address them.
  • Evaluating the competitive landscape: This involves understanding the competitive dynamics of the market, such as pricing, marketing, and distribution strategies, as well as analyzing the competitive advantage of each competitor.
Competitive analysis is an essential tool for businesses to stay ahead of the competition and can be used to inform decision-making and strategy development. By understanding the competitive landscape and staying informed about the activities of competitors, a company can make more informed decisions and improve its overall performance.

Complement your Alger Health position

In addition to having Alger Health 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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Real Estate
Real Estate Theme
Fama and French investing themes focus on testing asset pricing under different economic assumptions. The Real Estate 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 Real Estate Theme or any other thematic opportunities.
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Other Information on Investing in Alger Mutual Fund

Alger Health financial ratios help investors to determine whether Alger Mutual Fund is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in Alger with respect to the benefits of owning Alger Health security.
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