ALOCX Alger Mid Cap Focus C Forecast, Technical & Fundamental Analysis

A.I.Advisor

published Highlights

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 C MF is 73.99B. The market cap for tickers in the group ranges from 8.85B to 233.08B. AMD holds the highest valuation in this group at 233.08B. The lowest valued company is APPF at 8.85B.

Volume

The average weekly volume growth across all stocks in the Alger Mid Cap Focus C MF was 148%. For the same stocks of the MF, the average monthly volume growth was 89% and the average quarterly volume growth was 10%

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: 66

Price Growth Rating: 38

SMR Rating: 51

Profit Risk Rating: 20

Seasonality Score: 11 (-100 ... +100)

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A.I. Advisor

published General Information

General Information

Category MidCapGrowth

Profile

Fundamentals

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ALOCX and MutualFunds

Correlation & Price change

A.I.dvisor indicates that over the last year, ALOCX has been closely correlated with FSMAX. These tickers have moved in lockstep 93% of the time. This A.I.-generated data suggests there is a high statistical probability that if ALOCX jumps, then FSMAX could also see price increases.

Ticker / NAME	Correlation To ALOCX	1D Price Change %
ALOCX	100%	N/A
FSMAX - ALOCX	93% Closely correlated	+1.60%
PMAQX - ALOCX	79% Closely correlated	+0.54%
PEMGX - ALOCX	79% Closely correlated	+0.52%
TRQZX - ALOCX	78% Closely correlated	+0.43%
JDMAX - ALOCX	68% Closely correlated	+0.44%
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