CNEIX

AS OF

Aug 10 closing price

Price

$17.92

Change

-$0.13 (-0.72%)

Net Assets

9.49M

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CNEIX

Mutual Fund ticker: NASDAQ

AS OF

Aug 10 closing price

Price

$17.92

Change

-$0.13 (-0.72%)

Net Assets

9.49M

CNEIX Alger Concentrated Equity I Forecast, Technical & Fundamental Analysis

The investment seeks long-term capital appreciation... Show more

Category: #Large Growth

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A.I.Advisor

published Highlights

Notable companies

The most notable companies in this group are NVIDIA Corp (NASDAQ:NVDA), Apple (NASDAQ:AAPL), Alphabet (NASDAQ:GOOG), Amazon.com (NASDAQ:AMZN), Broadcom Inc. (NASDAQ:AVGO), Taiwan Semiconductor Manufacturing Company Ltd (NYSE:TSM), Western Digital Corp (NASDAQ:WDC), Nebius Group N.V. (NASDAQ:NBIS).

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 large-cap companies that the manager believes demonstrate promising growth potential. The fund is non-diversified.

Market Cap

The average market capitalization across the Alger Concentrated Equity I MF is 2.66T. The market cap for tickers in the group ranges from 46.75B to 5.27T. NVDA holds the highest valuation in this group at 5.27T. The lowest valued company is NBIS at 46.75B.

Volume

The average weekly volume growth across all stocks in the Alger Concentrated Equity I MF was -33%. For the same stocks of the MF, the average monthly volume growth was -15% and the average quarterly volume growth was -58%

Fundamental Analysis Ratings

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

Valuation Rating: 68

P/E Growth Rating: 63

Price Growth Rating: 37

SMR Rating: 25

Profit Risk Rating: 26

Seasonality Score: -33 (-100 ... +100)

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A.I. Advisor

published General Information

General Information

Category LargeGrowth

Profile

Details

	1 Day
IASRX	23.69	N/A	N/A
Nomura Asset Strategy Fund Cl R
CPCRX	4.78	N/A	N/A
Comstock Capital Value I
FAFDX	41.92	N/A	N/A
Fidelity Advisor Financials A
RRGCX	8.21	N/A	N/A
DWS RREEF Global Real Estate Secc C
LEGAX	82.12	N/A	N/A
Columbia Cornerstone Growth A

CNEIX and MutualFunds

Correlation & Price change

A.I.dvisor indicates that over the last year, CNEIX has been closely correlated with FAFGX. These tickers have moved in lockstep 92% of the time. This A.I.-generated data suggests there is a high statistical probability that if CNEIX jumps, then FAFGX could also see price increases.

Ticker / NAME	Correlation To CNEIX	1D Price Change %
CNEIX	100%	N/A
FAFGX - CNEIX	92% Closely correlated	+0.08%
FFAFX - CNEIX	92% Closely correlated	+0.08%
VIGRX - CNEIX	87% Closely correlated	N/A
VIGAX - CNEIX	87% Closely correlated	N/A
VIGIX - CNEIX	86% Closely correlated	N/A