Alger Mid Valuation
| AFOIX Fund | USD 18.81 0.09 0.48% |
At this time, the entity appears to be undervalued. Alger Mid Cap shows a prevailing Real Value of $2.46 per share. The current price of the fund is $18.81. We determine the value of Alger Mid Cap from analyzing fund fundamentals and technical indicators as well as its Probability Of Bankruptcy. In general, we favor acquiring undervalued mutual funds and dropping overvalued mutual funds since, at some point, mutual fund prices and their ongoing real values will blend.
Undervalued
Today
Please note that Alger Mid's price fluctuation is slightly risky at this time. At this time, the entity appears to be undervalued. Alger Mid Cap shows a prevailing Real Value of $2.46 per share. The current price of the fund is $18.81. We determine the value of Alger Mid Cap from analyzing fund fundamentals and technical indicators as well as its Probability Of Bankruptcy. In general, we favor acquiring undervalued mutual funds and dropping overvalued mutual funds since, at some point, mutual fund prices and their ongoing real values will blend.
Since Alger Mid is currently traded on the exchange, buyers and sellers on that exchange determine the market value of Alger Mutual Fund. However, Alger Mid's intrinsic value may or may not be the same as its current market price, in which case there is an opportunity to profit from the mispricing, assuming the market price will eventually merge with its intrinsic value. | Historical | Market 18.81 | Real 2.46 | Hype 0.0 | Naive 18.87 |
The intrinsic value of Alger Mid's stock can be calculated using various methods such as discounted cash flow analysis, price-to-earnings ratio, or price-to-book ratio. That value may differ from its current market price, which is determined by supply and demand factors such as investor sentiment, market trends, news, and other external factors that may influence Alger Mid's stock price. It is important to note that the real value of any stock may change over time based on changes in the company's performance.
Estimating the potential upside or downside of Alger Mid Cap helps investors to forecast how Alger mutual fund's addition to their portfolios will impact the overall performance. We also use other valuation drivers to help us estimate the true value of Alger Mid more accurately as focusing exclusively on Alger Mid's fundamentals will not take into account other important factors: About Alger Mid Valuation
Our relative valuation model uses a comparative analysis of Alger Mid. We calculate exposure to Alger Mid's market risk, different technical and fundamental indicators, and relevant financial multiples and ratios and then compare them to those of Alger Mid's related companies.Under normal circumstances, the fund invests at least 80 percent of its net assets, plus any borrowings for investment purposes, in equity securities of mid-cap companies. In addition, under normal market conditions, it invests at least 25 percent of its total assets in companies in the following group of industries Health Care Equipment Supplies, Health Care Technology, Biotechnology, Life Sciences Tools Services, andor Software, as defined by third party sources. The fund may have 25 percent or more of its total assets invested in any one of these industries. It is non-diversified.
Other Information on Investing in Alger Mutual Fund
Alger Mid 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 Mid security.
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