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SPEDX
Mutual Fund ticker: NASDAQ
AS OF
Dec 17 closing price
Price
$21.50
Change
-$0.13 (-0.60%)
Net Assets
213.27M

SPEDX Alger Dynamic Opportunities A Forecast, Technical & Fundamental Analysis

Category LongShort
A.I.Advisor
published Highlights

Notable companies

The most notable companies in this group are NVIDIA Corp (NASDAQ:NVDA), Microsoft Corp (NASDAQ:MSFT), Amazon.com (NASDAQ:AMZN), Alphabet (NASDAQ:GOOGL), Advanced Micro Devices (NASDAQ:AMD), Spotify Technology SA (NYSE:SPOT).

Industry description

The investment seeks long-term capital appreciation. The fund invests in a portfolio of U.S. and foreign equity securities (common stocks, preferred stocks and convertible securities). It may invest a portion of its assets in securities issued by small capitalization companies. The fund may also invest a portion of its assets in equity securities not listed on an exchange. It can invest in foreign securities.

Market Cap

The average market capitalization across the Alger Dynamic Opportunities A MF is 1.11T. The market cap for tickers in the group ranges from 3.52B to 3.19T. NVDA holds the highest valuation in this group at 3.19T. The lowest valued company is PGNY at 3.52B.

Volume

The average weekly volume growth across all stocks in the Alger Dynamic Opportunities A MF was 22%. For the same stocks of the MF, the average monthly volume growth was -11% and the average quarterly volume growth was -43%

Fundamental Analysis Ratings

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

Valuation Rating: 73
P/E Growth Rating: 74
Price Growth Rating: 39
SMR Rating: 43
Profit Risk Rating: 28
Seasonality Score: 8 (-100 ... +100)
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A.I. Advisor
published General Information

General Information

Category LongShort

Profile
Fundamentals
Details
Category
Long-Short Equity
Address
Alger Funds II360 Park Avenue SouthNew York
Phone
212-806-8833
Web
www.alger.com
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SPEDX and MutualFunds

Correlation & Price change

A.I.dvisor indicates that over the last year, SPEDX has been closely correlated with NLSCX. These tickers have moved in lockstep 70% of the time. This A.I.-generated data suggests there is a high statistical probability that if SPEDX jumps, then NLSCX could also see price increases.

1D
1W
1M
1Q
6M
1Y
5Y
Ticker /
NAME
Correlation
To SPEDX
1D Price
Change %
SPEDX100%
N/A
NLSCX - SPEDX
70%
Closely correlated
N/A
DHLSX - SPEDX
67%
Closely correlated
-0.25%
GARIX - SPEDX
66%
Closely correlated
-0.46%
REMIX - SPEDX
62%
Loosely correlated
-0.06%
NLSAX - SPEDX
49%
Loosely correlated
N/A
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