Notable companies
The most notable companies in this group are Advanced Micro Devices (NASDAQ:AMD), SERVICENOW (NYSE:NOW), Shopify (NYSE:SHOP), Diamondback Energy (NASDAQ:FANG).
Industry description
The investment seeks long-term capital appreciation.
Under normal circumstances, the fund invests at least 80% 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% of its total assets in companies in the following group of industries: Health Care Equipment & Supplies, Health Care Technology, Biotechnology, Life Sciences Tools & Services, and/or Software, as defined by third party sources. The fund may have 25% or more of its total assets invested in any one of these industries. It is non-diversified.
Market Cap
The average market capitalization across the Alger Mid Cap Focus I MF is 72.91B. The market cap for tickers in the group ranges from 8.85B to 223.3B. AMD holds the highest valuation in this group at 223.3B. The lowest valued company is APPF at 8.85B.
Volume
The average weekly volume growth across all stocks in the Alger Mid Cap Focus I MF was -5%. For the same stocks of the MF, the average monthly volume growth was -2% and the average quarterly volume growth was -28%
Fundamental Analysis Ratings
The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows
Valuation Rating: 78
P/E Growth Rating: 63
Price Growth Rating: 36
SMR Rating: 52
Profit Risk Rating: 19
Seasonality Score: 10 (-100 ... +100)