Is PayPal Holdings The Best Ecommerce AI Stock to Buy Analyst Weighs In After OpenAI Deal
| ASPZX Fund | USD 39.84 0.11 0.28% |
Slightly above 61% of Alger Spectra's investor base is looking to short. The analysis of overall sentiment of trading Alger Spectra Fund mutual fund suggests that many investors are alarmed at this time. Alger Spectra's investing sentiment can be driven by a variety of factors including economic data, Alger Spectra's earnings reports, geopolitical events, and overall market trends.
Alger |
We recently published Top 9 AI and Non-Tech Stocks to Watch Amid Latest Earnings Season. PayPal Holdings Inc is one of the top AI and non-tech stocks. PayPal Holdings Inc shares recently surged after the company signed a deal with OpenAI, after which ChatGPT users will be able to buy products using the
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Alger Spectra Fundamental Analysis
We analyze Alger Spectra's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Alger Spectra using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Alger Spectra based on its fundamental data. In general, a quantitative approach, as applied to this mutual fund, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.
One Year Return
One Year Return Comparative Analysis
Alger Spectra is currently under evaluation in one year return among similar funds. One Year Return is the annualized return generated from holding a security for exactly 12 months. The measure is considered to be good short-term measures of fund performance. In other words, it represents the capital appreciation of fund investments over the last year. However when the market is volatile such as in recent years, One Year Return measure can be misleading.
Alger Spectra Potential Pair-trading
One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with Alger Spectra mutual fund to make a market-neutral strategy. Peer analysis of Alger Spectra could also be used in its relative valuation, which is a method of valuing Alger Spectra by comparing valuation metrics with similar companies.
Peers
Alger Spectra Related Equities
| AOFYX | Alger Small | 0.79 | ||||
| AOFCX | Alger Small | 0.77 | ||||
| AMGOX | Alger Mid | 0.76 | ||||
| AAEMX | Alger Emerging | 0.61 | ||||
| CHUCX | Alger Global | 0.11 | ||||
| AMGAX | Alger Midcap | 0.06 | ||||
| AOFIX | Alger Small | 0.09 | ||||
| AOFAX | Alger Small | 0.14 | ||||
| CHUSX | Alger Global | 0.83 | ||||
| AMGCX | Alger Midcap | 1.06 |
Other Information on Investing in Alger Mutual Fund
Alger Spectra financial ratios help investors to determine whether Alger Mutual Fund is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in Alger with respect to the benefits of owning Alger Spectra security.
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