Notable companies
The most notable companies in this group are Western Digital Corp (NASDAQ:WDC).
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 MidCap Growth Institutional Z-2 MF is 65.83B. The market cap for tickers in the group ranges from 14.12B to 165.65B. WDC holds the highest valuation in this group at 165.65B. The lowest valued company is TKO at 14.12B.
Volume
The average weekly volume growth across all stocks in the Alger MidCap Growth Institutional Z-2 MF was 2%. For the same stocks of the MF, the average monthly volume growth was 10% and the average quarterly volume growth was -35%
Fundamental Analysis Ratings
The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows
Valuation Rating: 80
P/E Growth Rating: 59
Price Growth Rating: 45
SMR Rating: 56
Profit Risk Rating: 46
Seasonality Score: -34 (-100 ... +100)