PortfoliosLab logo
PortfoliosLab logo
Tools
Performance Analysis
Portfolio Analysis
Factor Model
Portfolios
Lazy PortfoliosUser Portfolios
Discussions
Alger Mid Cap Focus Fund new (AFOIX)
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

Fund Info

ISIN

US0155651799

CUSIP

015565179

Issuer

Alger

Inception Date

Jun 14, 2019

Min. Investment

$0

Asset Class

Equity

Asset Class Size

Mid-Cap

Asset Class Style

Growth

Expense Ratio

AFOIX has a high expense ratio of 0.95%, indicating higher-than-average management fees.


Expense ratio chart for AFOIX: current value at 0.95% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.95%

Share Price Chart


Loading data...

Compare to other instruments

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.


Performance

Performance Chart

The chart shows the growth of an initial investment of $10,000 in Alger Mid Cap Focus Fund new, comparing it to the performance of the S&P 500 index or another benchmark. All prices have been adjusted for splits and dividends.


40.00%60.00%80.00%100.00%120.00%JulyAugustSeptemberOctoberNovemberDecember
95.21%
110.76%
AFOIX (Alger Mid Cap Focus Fund new)
Benchmark (^GSPC)

Returns By Period

Alger Mid Cap Focus Fund new had a return of 44.93% year-to-date (YTD) and 53.09% in the last 12 months.


AFOIX

YTD

44.93%

1M

9.26%

6M

28.99%

1Y

53.09%

5Y (annualized)

14.07%

10Y (annualized)

N/A

^GSPC (Benchmark)

YTD

27.68%

1M

1.58%

6M

13.90%

1Y

32.27%

5Y (annualized)

14.27%

10Y (annualized)

11.62%

Monthly Returns

The table below presents the monthly returns of AFOIX, with color gradation from worst to best to easily spot seasonal factors. Returns are adjusted for dividends.


JanFebMarAprMayJunJulAugSepOctNovDecTotal
20242.81%10.80%3.05%-4.98%2.85%-1.10%-1.83%1.99%4.43%1.75%15.33%44.93%
20235.26%-1.39%0.83%-1.89%-1.26%6.12%2.00%-1.26%-6.28%-3.74%11.99%6.38%16.47%
2022-10.91%0.36%-1.51%-14.10%-7.78%-9.29%8.45%0.24%-9.58%5.38%0.66%-5.07%-37.37%
20213.41%6.03%-4.67%2.40%-1.69%5.22%-1.44%7.23%-1.87%8.77%-9.18%-12.97%-1.28%
20203.39%-3.66%-6.42%15.49%15.12%2.89%9.27%2.64%2.85%-0.53%15.76%7.32%81.78%
20192.39%2.82%-1.70%-5.59%-0.82%5.97%0.19%2.89%

Risk-Adjusted Performance

Risk-Adjusted Performance Rank

The current rank of AFOIX is 74, suggesting that the investment has average results relative to other mutual funds in terms of risk-adjusted performance. This ranking is determined by the cumulative values of the indicators listed below.


The Risk-Adjusted Performance Rank of AFOIX is 7474
Overall Rank
The Sharpe Ratio Rank of AFOIX is 8787
Sharpe Ratio Rank
The Sortino Ratio Rank of AFOIX is 7878
Sortino Ratio Rank
The Omega Ratio Rank of AFOIX is 7676
Omega Ratio Rank
The Calmar Ratio Rank of AFOIX is 4848
Calmar Ratio Rank
The Martin Ratio Rank of AFOIX is 8383
Martin Ratio Rank
The risk-adjusted ranks indicate the investment's position relative to the market. A rank closer to 100 signifies top-performing investments, while a rank closer to 0 might suggest underperformance, based on the selected ratio. The values are calculated based on the past 12 months of returns.

Risk-Adjusted Performance Indicators

The charts below present risk-adjusted performance metrics for Alger Mid Cap Focus Fund new (AFOIX) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.


Sharpe ratio
The chart of Sharpe ratio for AFOIX, currently valued at 2.74, compared to the broader market-1.000.001.002.003.004.005.002.742.77
The chart of Sortino ratio for AFOIX, currently valued at 3.43, compared to the broader market-2.000.002.004.006.008.0010.0012.003.433.66
The chart of Omega ratio for AFOIX, currently valued at 1.46, compared to the broader market1.002.003.004.001.461.51
The chart of Calmar ratio for AFOIX, currently valued at 1.16, compared to the broader market0.005.0010.0015.001.163.99
The chart of Martin ratio for AFOIX, currently valued at 15.75, compared to the broader market0.0020.0040.0060.0080.0015.7517.73
AFOIX
^GSPC

The current Alger Mid Cap Focus Fund new Sharpe ratio is 2.74. This value is calculated based on the past 1 year of trading data and takes into account price changes and dividends.

Use the chart below to compare the Sharpe ratio of Alger Mid Cap Focus Fund new with the selected benchmark, providing insights into the investment's historical performance in terms of risk-adjusted returns. Go to the Sharpe ratio tool for more fine-grained control over the calculation options.


Rolling 12-month Sharpe Ratio0.001.002.003.004.00JulyAugustSeptemberOctoberNovemberDecember
2.74
2.77
AFOIX (Alger Mid Cap Focus Fund new)
Benchmark (^GSPC)

Dividends

Dividend History


Alger Mid Cap Focus Fund new doesn't pay dividends

Drawdowns

Drawdowns Chart

The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.


-40.00%-30.00%-20.00%-10.00%0.00%JulyAugustSeptemberOctoberNovemberDecember
-18.45%
0
AFOIX (Alger Mid Cap Focus Fund new)
Benchmark (^GSPC)

Worst Drawdowns

The table below displays the maximum drawdowns of the Alger Mid Cap Focus Fund new. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.

The maximum drawdown for the Alger Mid Cap Focus Fund new was 54.06%, occurring on Oct 26, 2023. The portfolio has not yet recovered.

The current Alger Mid Cap Focus Fund new drawdown is 18.45%.


Depth

Start

To Bottom

Bottom

To Recover

End

Total

-54.06%Nov 9, 2021494Oct 26, 2023
-28.08%Feb 20, 202018Mar 16, 202036May 6, 202054
-23.14%Feb 16, 202162May 13, 2021118Oct 29, 2021180
-10.71%Jul 29, 201947Oct 2, 201970Jan 13, 2020117
-9.63%Oct 14, 202013Oct 30, 20204Nov 5, 202017

Volatility

Volatility Chart

The current Alger Mid Cap Focus Fund new volatility is 5.02%, representing the average percentage change in the investments's value, either up or down over the past month. The chart below shows the rolling one-month volatility.


2.00%4.00%6.00%8.00%10.00%JulyAugustSeptemberOctoberNovemberDecember
5.02%
2.22%
AFOIX (Alger Mid Cap Focus Fund new)
Benchmark (^GSPC)
PortfoliosLab logo
Performance Analysis
Portfolio AnalysisPortfolio PerformanceStock ComparisonSharpe RatioMartin RatioTreynor RatioSortino RatioOmega RatioCalmar RatioSummers Ratio
Community
Discussions


Disclaimer

The information contained herein does not constitute investment advice and made available for educational purposes only. Prices and returns on equities are listed without consideration of fees, commissions, taxes, penalties, or interest payable due to purchasing, holding, or selling.

Copyright © 2024 PortfoliosLab