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ACAAX
Mutual Fund ticker: NASDAQ
AS OF
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Price
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Change
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Net Assets
1.76B

ACAAX Alger Capital Appreciation A Forecast, Technical & Fundamental Analysis

Category LargeGrowth
A.I.Advisor
published Highlights

Notable companies

The most notable companies in this group are Apple (NASDAQ:AAPL), Microsoft Corp (NASDAQ:MSFT), Alphabet (NASDAQ:GOOG), Amazon.com (NASDAQ:AMZN), NVIDIA Corp (NASDAQ:NVDA), Meta Platforms (NASDAQ:META), VISA (NYSE:V), Adobe (NASDAQ:ADBE), Marvell Technology (NASDAQ:MRVL).

Industry description

The investment seeks long-term capital appreciation. The fund invests at least 85% of its net assets, plus any borrowings for investment purposes, in equity securities of companies of any market capitalization that the Manager believes demonstrate promising growth potential. The fund may invest a significant portion of its assets in securities of companies conducting business within a single sector, as defined by third party sources, including the information technology, health care, and consumer discretionary sectors.

Market Cap

The average market capitalization across the Alger Capital Appreciation A MF is 647.93B. The market cap for tickers in the group ranges from 48.34B to 2.95T. AAPL holds the highest valuation in this group at 2.95T. The lowest valued company is MRVL at 48.34B.

Volume

The average weekly volume growth across all stocks in the Alger Capital Appreciation A MF was -10%. For the same stocks of the MF, the average monthly volume growth was -26% and the average quarterly volume growth was -47%

Fundamental Analysis Ratings

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

Valuation Rating: 73
P/E Growth Rating: 42
Price Growth Rating: 24
SMR Rating: 44
Profit Risk Rating: 30
Seasonality Score: -17 (-100 ... +100)
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A.I. Advisor
published General Information

General Information

Category LargeGrowth

Profile
Fundamentals
Details
Category
Large Growth
Address
Alger Funds360 Park Avenue SouthNew York
Phone
2128068833
Web
www.alger.com
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ACAAX and

Correlation & Price change

A.I.dvisor indicates that over the last year, ACAAX has been closely correlated with GFACX. These tickers have moved in lockstep 97% of the time. This A.I.-generated data suggests there is a high statistical probability that if ACAAX jumps, then GFACX could also see price increases.

1D
1W
1M
1Q
6M
1Y
5Y
Ticker /
NAME
Correlation
To ACAAX
1D Price
Change %
ACAAX100%
+0.11%
GFACX - ACAAX
97%
Closely correlated
-0.22%
GFAFX - ACAAX
97%
Closely correlated
-0.21%
RGABX - ACAAX
96%
Closely correlated
-0.23%
RGAFX - ACAAX
95%
Closely correlated
-0.22%
RGEBX - ACAAX
95%
Closely correlated
-0.23%
More