Notable companies
The most notable companies in this group are Marvell Technology (NASDAQ:MRVL), Diamondback Energy (NASDAQ:FANG).
Industry description
The investment seeks long-term capital appreciation.
The fund invests at least 80% of its net assets in equity securities of companies that, at the time of purchase of the securities, have total market capitalization within the range of companies included in the Russell Midcap Growth Index or the S&P MidCap 400 Index, as reported by the indexes as of the most recent quarter-end. Both indexes are designed to track the performance of medium-capitalization stocks.
Market Cap
The average market capitalization across the Alger Mid Cap Growth Institutional R MF is 33.48B. The market cap for tickers in the group ranges from 216.07M to 85.08B. CDNS holds the highest valuation in this group at 85.08B. The lowest valued company is CSU at 216.07M.
Volume
The average weekly volume growth across all stocks in the Alger Mid Cap Growth Institutional R MF was 26%. For the same stocks of the MF, the average monthly volume growth was -10% and the average quarterly volume growth was 30%
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: 43
Price Growth Rating: 45
SMR Rating: 71
Profit Risk Rating: 33
Seasonality Score: 23 (-100 ... +100)