Alger Mid Cap Etf Profile
| FRTY Etf | USD 20.07 0.06 0.30% |
Performance29 of 100
| Odds Of DistressLess than 9
|
Alger Mid is trading at 20.07 as of the 30th of November 2024; that is 0.30 percent increase since the beginning of the trading day. The etf's open price was 20.01. Alger Mid has less than a 9 % chance of experiencing financial distress in the next few years and had a strong performance during the last 90 days. Equity ratings for Alger Mid Cap are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 3rd of June 2024 and ending today, the 30th of November 2024. Click here to learn more.
Under normal circumstances, the fund invests at least 80 percent of its net assets in equity securities of mid-cap companies. Alger Mid is traded on NYSEARCA Exchange in the United States. More on Alger Mid Cap
Moving together with Alger Etf
Alger Etf Highlights
| Thematic Ideas | (View all Themes) |
| Business Concentration | Mid Cap ETFs, Size And Style ETFs, Mid-Cap Growth, Alger (View all Sectors) |
| Issuer | Fred Alger Management |
| Inception Date | 2021-03-01 |
| Entity Type | Regulated Investment Company |
| Asset Type | Equity |
| Category | Size and Style |
| Focus | Mid Cap |
| Market Concentration | Developed Markets |
| Region | North America |
| Administrator | Fred Alger Management, LLC |
| Advisor | Fred Alger Management, LLC |
| Custodian | The Bank of New York Mellon Corporation |
| Distributor | Alger LLC |
| Portfolio Manager | Amy Y. Zhang |
| Transfer Agent | The Bank of New York Mellon Corporation |
| Fiscal Year End | 31-Dec |
| Exchange | NYSE Arca, Inc. |
| Market Maker | Virtu Financial |
| Total Expense | 1.14 |
| Management Fee | 0.5 |
| Country Name | USA |
| Returns Y T D | 48.47 |
| Name | Alger Mid Cap 40 ETF |
| Currency Code | USD |
| Open Figi | BBG00ZDR60C8 |
| In Threey Volatility | 21.82 |
| 1y Volatility | 17.63 |
| 200 Day M A | 16.454 |
| 50 Day M A | 18.0384 |
| Code | FRTY |
| Updated At | 30th of November 2024 |
| Currency Name | US Dollar |
| In Threey Sharp Ratio | (0.5) |
| Type | ETF |
Alger Mid Cap [FRTY] is traded in USA and was established 2021-02-26. The fund is listed under Mid-Cap Growth category and is part of Alger family. The entity is thematically classified as Mid Cap ETFs. Alger Mid Cap currently have 30.19 M in assets under management (AUM). , while the total return for the last 3 years was -2.3%.
Check Alger Mid Probability Of Bankruptcy
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 Etf. Generally, it depends on diversification level and type but usually, the broader the sector allocation, the less risk can be expected from holding Alger Etf, 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 Mid Cap Etf, 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 Mid Cap Etf Constituents
| BSY | Bentley Systems | Stock | Information Technology | |
| EXPE | Expedia Group | Stock | Consumer Discretionary | |
| HUBS | HubSpot | Stock | Information Technology | |
| MGM | MGM Resorts International | Stock | Consumer Discretionary | |
| RGEN | Repligen | Stock | Health Care | |
| SBNY | Signature Bank | Pink Sheet | Financials | |
| TECH | Bio Techne Corp | Stock | Health Care | |
| TWLO | Twilio Inc | Stock | Information Technology |
Alger Mid Top Holders
| AMGOX | Alger Mid Cap | Mutual Fund | Mid-Cap Growth |
Alger Mid Cap Risk Profiles
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 Mid. At the center of the CAPM is the concept of risk and reward, which is usually communicated by investors using alpha and beta measures.
| Risk Adjusted Performance | 0.2379 | |||
| Jensen Alpha | 0.2056 | |||
| Total Risk Alpha | 0.1446 | |||
| Sortino Ratio | 0.2064 |
Alger Mid Against Markets
Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Alger Mid Cap. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in estimate. You can also try the Price Exposure Probability module to analyze equity upside and downside potential for a given time horizon across multiple markets.
The market value of Alger Mid Cap is measured differently than its book value, which is the value of Alger that is recorded on the company's balance sheet. Investors also form their own opinion of Alger Mid's value that differs from its market value or its book value, called intrinsic value, which is Alger Mid's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Alger Mid's market value can be influenced by many factors that don't directly affect Alger Mid's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Alger Mid's value and its price as these two are different measures arrived at by different means. Investors typically determine if Alger Mid is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Alger Mid'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.