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ACEMX
Mutual Fund ticker: NASDAQ
AS OF
Dec 23 closing price
Price
$10.02
Change
+$0.04 (+0.40%)
Net Assets
18M

ACEMX Alger Emerging Markets C Forecast, Technical & Fundamental Analysis

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A.I.Advisor
published Highlights

Notable companies

The most notable companies in this group are Taiwan Semiconductor Manufacturing Company Ltd (NYSE:TSM), PDD Holdings (NASDAQ:PDD), Trip.com Group Limited (NASDAQ:TCOM).

Industry description

The investment seeks long-term capital appreciation. The fund invests at least 80% of its net assets, plus any borrowings for investment purposes, in equity securities, including common stocks, American Depositary Receipts and Global Depositary Receipts, of emerging country issuers. It generally invests in at least three emerging countries, and, at times, may invest a substantial portion of its assets in a single emerging country. The fund may invest in companies of any market capitalization, from larger, well-established companies to small, emerging growth companies.

Market Cap

The average market capitalization across the Alger Emerging Markets C MF is 196.02B. The market cap for tickers in the group ranges from 7.75B to 857.54B. TSM holds the highest valuation in this group at 857.54B. The lowest valued company is MMYT at 7.75B.

Volume

The average weekly volume growth across all stocks in the Alger Emerging Markets C MF was -9%. For the same stocks of the MF, the average monthly volume growth was -27% and the average quarterly volume growth was -19%

Fundamental Analysis Ratings

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

Valuation Rating: 75
P/E Growth Rating: 79
Price Growth Rating: 53
SMR Rating: 31
Profit Risk Rating: 39
Seasonality Score: 29 (-100 ... +100)
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A.I. Advisor
published General Information

General Information

Category DiversifiedEmergingMkts

Profile
Fundamentals
Details
Category
Diversified Emerging Mkts
Address
Alger Funds II360 Park Avenue SouthNew York
Phone
212-806-8833
Web
www.alger.com
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ACEMX and MutualFunds

Correlation & Price change

A.I.dvisor indicates that over the last year, ACEMX has been closely correlated with VEMRX. These tickers have moved in lockstep 89% of the time. This A.I.-generated data suggests there is a high statistical probability that if ACEMX jumps, then VEMRX could also see price increases.

1D
1W
1M
1Q
6M
1Y
5Y
Ticker /
NAME
Correlation
To ACEMX
1D Price
Change %
ACEMX100%
N/A
VEMRX - ACEMX
89%
Closely correlated
+0.69%
FNFWX - ACEMX
89%
Closely correlated
+0.67%
RNWFX - ACEMX
87%
Closely correlated
+0.67%
FWWNX - ACEMX
87%
Closely correlated
+0.67%
RNWHX - ACEMX
81%
Closely correlated
+0.67%
More