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AASOX
Mutual Fund ticker: NASDAQ
AS OF
Sep 5 closing price
Price
$17.88
Change
+$0.24 (+1.36%)
Net Assets
143.23M

AASOX Alger Small Cap Growth I-2 Forecast, Technical & Fundamental Analysis

The investment seeks long-term capital appreciation... Show more

Category: #Small Growth
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A.I.Advisor
published Highlights

Notable companies

The most notable companies in this group are Shake Shack (NYSE:SHAK).

Industry description

The investment seeks long-term capital appreciation. The advisor focuses on small, fast-growing companies that the manager believes offer innovative products, services or technologies to a rapidly expanding marketplace. Under normal circumstances, the Portfolio invests at least 80% of its net assets, plus any borrowings for investment purposes, in equity securities. It may invest a significant portion of its assets in securities of companies conducting business within a single sector, including the information technology and healthcare sectors.

Market Cap

The average market capitalization across the Alger Small Cap Growth I-2 MF is 18.63B. The market cap for tickers in the group ranges from 4.03B to 44.74B. VEEV holds the highest valuation in this group at 44.74B. The lowest valued company is SHAK at 4.03B.

Volume

The average weekly volume growth across all stocks in the Alger Small Cap Growth I-2 MF was 21%. For the same stocks of the MF, the average monthly volume growth was -14% and the average quarterly volume growth was -31%

Fundamental Analysis Ratings

The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows

Valuation Rating: 74
P/E Growth Rating: 61
Price Growth Rating: 50
SMR Rating: 60
Profit Risk Rating: 52
Seasonality Score: -21 (-100 ... +100)
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A.I. Advisor
published General Information

General Information

Category SmallGrowth

Profile
Fundamentals
Details
Category
Small Growth
Address
Alger Portfolios111 Fifth AvenueNew York
Phone
N/A
Web
www.alger.com/pt/
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AASOX and MutualFunds

Correlation & Price change

A.I.dvisor indicates that over the last year, AASOX has been closely correlated with NRGEX. These tickers have moved in lockstep 88% of the time. This A.I.-generated data suggests there is a high statistical probability that if AASOX jumps, then NRGEX could also see price increases.

1D
1W
1M
1Q
6M
1Y
5Y
Ticker /
NAME
Correlation
To AASOX
1D Price
Change %
AASOX100%
+1.36%
NRGEX - AASOX
88%
Closely correlated
N/A
WCMNX - AASOX
80%
Closely correlated
+0.90%
WCMLX - AASOX
80%
Closely correlated
N/A
VEXRX - AASOX
3%
Poorly correlated
+0.68%
VEXPX - AASOX
3%
Poorly correlated
+0.69%
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