Alger Health Financials
| AHSAX Fund | USD 22.18 0.08 0.36% |
Alger |
Please note that you must use caution to infer results of funds future performance. Investment returns and principal value will fluctuate so that investors' shares, when sold, may be worth more or less than their original cost.
Alger Health Fund Summary
Alger Health competes with Vy(r) T, Eaton Vance, Blackrock Health, and Blackrock Health. The fund invests at least 80 percent of its net assets, plus any borrowings for investment purposes, in equity securities of companies of any market capitalization that are engaged in the health sciences sector. It can invest in foreign securities.Specialization | Health, Large Growth |
| Instrument | USA Mutual Fund View All |
| Exchange | NMFQS Exchange |
| ISIN | US0155657655 |
| Business Address | Alger Funds |
| Mutual Fund Family | Alger |
| Mutual Fund Category | Health |
| Benchmark | Dow Jones Industrial |
| Phone | 800 992 3863 |
| Currency | USD - US Dollar |
Alger Financial Ratios Relationships
Comparative valuation techniques use various fundamental indicators to help in determining Alger Health's current stock value. Our valuation model uses many indicators to compare Alger Health value to that of its competitors to determine the firm's financial worth. You can analyze the relationship between different fundamental ratios across Alger Health competition to find correlations between indicators driving Alger Health's intrinsic value. More Info.Alger Health Sciences is second largest fund in price to earning among similar funds. It is the top fund in price to book among similar funds fabricating about 1.83 of Price To Book per Price To Earning. The reason why the comparable model can be used in almost all circumstances is due to the vast number of multiples that can be utilized, such as the price-to-earnings (P/E), price-to-book (P/B), price-to-sales (P/S), price-to-cash flow (P/CF), and many others. The P/E ratio is the most commonly used of these ratios because it focuses on the Alger Health's earnings, one of the primary drivers of an investment's value.Alger Health Sciences Systematic Risk
Alger Health's systematic risk plays a vital role in portfolio allocation when considering its stock to be added to a well-diversified portfolio. Alger Health volatility which cannot be eliminated through diversification, requires returns over the risk-free rate. Over the long run, a well-diversified portfolio provides returns that match its exposure to systematic risk. In this case, investors face a trade-off between expected returns and systematic risk and, therefore, can only reduce a portfolio's exposure to systematic risk by sacrificing expected returns on the portfolio.
The output start index for this execution was ten with a total number of output elements of fifty-one. The Beta measures systematic risk based on how returns on Alger Health Sciences correlated with the market. If Beta is less than 0 Alger Health generally moves in the opposite direction as compared to the market. If Alger Health Beta is about zero movement of price series is uncorrelated with the movement of the benchmark. if Beta is between zero and one Alger Health Sciences is generally moves in the same direction as, but less than the movement of the market. For Beta = 1 movement of Alger Health is generally in the same direction as the market. If Beta > 1 Alger Health moves generally in the same direction as, but more than the movement of the benchmark.
Alger Health November 29, 2024 Opportunity Range
Along with financial statement analysis, the daily predictive indicators of Alger Health help investors to analyze its daily demand and supply, volume, patterns, and price swings to determine the real value of Alger Health Sciences. We use our internally-developed statistical techniques to arrive at the intrinsic value of Alger Health Sciences based on widely used predictive technical indicators. In general, we focus on analyzing Alger Mutual Fund price patterns and their correlations with different microeconomic environment and drivers. We also apply predictive analytics to build Alger Health's daily price indicators and compare them against related drivers.
| Information Ratio | (0.17) | |||
| Maximum Drawdown | 4.54 | |||
| Value At Risk | (1.27) | |||
| Potential Upside | 0.8295 |
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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