Alger Ai Competition
| AIFAX Fund | 16.51 0.04 0.24% |
Alger Ai vs Alger Emerging Correlation
Very weak diversification
The correlation between Alger Ai Enablers and AAEMX is 0.47 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Alger Ai Enablers and AAEMX in the same portfolio, assuming nothing else is changed.
Moving together with Alger Mutual Fund
Alger Ai Competition Correlation Matrix
Typically, diversification allows investors to combine positions across different asset classes to reduce overall portfolio risk. Correlation between Alger Ai and its competitors represents the degree of relationship between the price movements of corresponding funds. A correlation of about +1.0 implies that the price of Alger and its corresponding peer move in tandem. A correlation of -1.0 means that prices move in opposite directions. A correlation of close to zero suggests that the price movements of assets are uncorrelated; in other words, the historical price movement of Alger Ai Enablers does not affect the price movement of the other competitor.
Risk-Adjusted Indicators
There is a big difference between Alger Mutual Fund performing well and Alger Ai Mutual Fund doing well as a business compared to the competition. There are so many exceptions to the norm that investors cannot definitively determine what's good or bad unless they analyze Alger Ai's multiple risk-adjusted performance indicators across the competitive landscape. These indicators are quantitative in nature and help investors forecast volatility and risk-adjusted expected returns across various positions.| Mean Deviation | Jensen Alpha | Sortino Ratio | Treynor Ratio | Semi Deviation | Expected Shortfall | Potential Upside | Value @Risk | Maximum Drawdown | ||
|---|---|---|---|---|---|---|---|---|---|---|
| AMGAX | 0.94 | (0.03) | (0.02) | 0.04 | 1.15 | 1.73 | 5.86 | |||
| AMGCX | 0.94 | (0.04) | (0.02) | 0.04 | 1.17 | 1.71 | 5.89 | |||
| AMGOX | 0.94 | (0.03) | (0.02) | 0.04 | 1.14 | 1.74 | 5.95 | |||
| AOFYX | 1.26 | 0.07 | 0.05 | 0.13 | 1.52 | 2.42 | 7.95 | |||
| AOFIX | 1.26 | 0.06 | 0.04 | 0.13 | 1.52 | 2.43 | 7.98 | |||
| AOFAX | 1.26 | 0.06 | 0.04 | 0.12 | 1.52 | 2.42 | 7.97 | |||
| AOFCX | 1.27 | 0.06 | 0.04 | 0.12 | 1.53 | 2.44 | 8.00 | |||
| CHUSX | 0.95 | 0.23 | 0.14 | (15.70) | 0.88 | 2.00 | 10.13 | |||
| CHUCX | 0.98 | 0.21 | 0.17 | 0.34 | 0.82 | 2.00 | 11.79 | |||
| AAEMX | 0.68 | 0.17 | 0.18 | 0.34 | 0.48 | 1.90 | 3.83 |
Alger Ai Competitive Analysis
The better you understand Alger Ai competitors, the better chance you have of utilizing it as a position in your portfolios. From an individual investor's perspective, Alger Ai's competitive analysis can cover a whole range of metrics. Some of these will be more critical depending on who you are as an investor and how you react to market volatility. However, if you are locking your investment sandscape to a long-term horizon, comparing the fundamental indicator across Alger Ai's competition over several years is one of the best ways to analyze its investment potential.| Better Than Average | Worse Than Peers | View Performance Chart |
Alger Ai Competition Performance Charts
Five steps to successful analysis of Alger Ai Competition
Alger Ai's competitive analysis is the process of researching and evaluating its competitive landscape. It provides an understanding of the strengths, weaknesses, opportunities, and threats (SWOT) faced by Alger Ai Enablers in relation to its competition. Alger Ai's competition analysis typically involves several steps, including:- Identifying the key players in the market: This involves identifying the major competitors of Alger Ai in the market, both direct and indirect, as well as new entrants and disruptive technologies.
- Assessing the strengths and weaknesses of each competitor: This involves evaluating each competitor's strengths and weaknesses in areas such as product offerings, market share, brand recognition, financial performance, and distribution channels.
- Understanding the competitive environment: This involves evaluating the regulatory environment, economic conditions, and other factors that may impact Alger Ai's competitive landscape.
- Identifying opportunities and threats: This involves using the information gathered during the analysis to identify opportunities and threats to Alger Ai Enablers, and developing a strategy to address them.
- Evaluating the competitive landscape: This involves understanding the competitive dynamics of the market, such as pricing, marketing, and distribution strategies, as well as analyzing the competitive advantage of each competitor.
Complement your Alger Ai position
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Disruptive Technologies
New or established technology companies and funds across multiple sectors that are involved in development or marketing of products or services that experience disruptive trends and that are at the forefront of discussions on Wall Street. The Disruptive Technologies theme has 64 constituents at this time.
You can either use a buy-and-hold strategy to lock in the entire theme or actively trade it to take advantage of the short-term price volatility of individual constituents. Macroaxis can help you discover thousands of investment opportunities in different asset classes. In addition, you can partner with us for reliable portfolio optimization as you plan to utilize Disruptive Technologies Theme or any other thematic opportunities.
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Other Information on Investing in Alger Mutual Fund
Alger Ai 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 Ai security.
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