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CNEYX Alger Concentrated Equity Y 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), Microsoft Corp (NASDAQ:MSFT), Amazon.com (NASDAQ:AMZN), Broadcom Inc. (NASDAQ:AVGO), 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 Y MF is 2.74T. The market cap for tickers in the group ranges from 61.05B to 5.27T. NVDA holds the highest valuation in this group at 5.27T. The lowest valued company is NBIS at 61.05B.

Volume

The average weekly volume growth across all stocks in the Alger Concentrated Equity Y MF was -20%. For the same stocks of the MF, the average monthly volume growth was -20% and the average quarterly volume growth was -61%

Fundamental Analysis Ratings

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

Valuation Rating: 66
P/E Growth Rating: 66
Price Growth Rating: 40
SMR Rating: 29
Profit Risk Rating: 24
Seasonality Score: -29 (-100 ... +100)
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A.I. Advisor
published General Information

General Information

Category LargeGrowth

Profile
Details
Category
Large Growth
Address
Alger Funds360 Park Avenue SouthNew York
Phone
2128068833
Web
www.alger.com
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CNEYX and MutualFunds

Correlation & Price change

A.I.dvisor indicates that over the last year, CNEYX has been closely correlated with VIGRX. These tickers have moved in lockstep 86% of the time. This A.I.-generated data suggests there is a high statistical probability that if CNEYX jumps, then VIGRX could also see price increases.

1D
1W
1M
1Q
6M
1Y
5Y
Ticker /
NAME
Correlation
To CNEYX
1D Price
Change %
CNEYX100%
N/A
VIGRX - CNEYX
86%
Closely correlated
N/A
VIGAX - CNEYX
86%
Closely correlated
N/A
VIGIX - CNEYX
86%
Closely correlated
N/A
FAFGX - CNEYX
-5%
Poorly correlated
+0.55%
FFAFX - CNEYX
-5%
Poorly correlated
+0.55%
Alger Concentrated Equity Y (CNEYX) mutual fund Forecast, Price Targets and Analysts Predictions - Tickeron.com