Alger Responsible Competition

ALGZX Fund

USD 21.21 0.13 0.62%

Alger Responsible competes with Franklin Moderate, Gmo Global, Alternative Asset, Strategic Allocation:, and Aqr Large; as well as few others. The fund is listed under Large Growth category and is part of Alger family. Analyzing Alger Responsible competition allows you to expand the diversification possibilities of your existing portfolios and to get a better perspective on locking in new positions. Investors sometimes prefer comparable analysis of Alger Responsible to its intrinsic valuation because they are able to contrast its competitors on a relative basis. Check out Alger Responsible Correlation with its peers.

Alger Responsible vs Growth Allocation Correlation

Very poor diversification

The correlation between Alger Responsible Investing and GGRYX is 0.84 (i.e., Very poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Alger Responsible Investing and GGRYX in the same portfolio, assuming nothing else is changed.

Moving together with Alger Mutual Fund

0.67	AMGAX	Alger Midcap Growth	Pair Corr
0.65	AMGCX	Alger Midcap Growth	Pair Corr
0.65	AMGOX	Alger Mid Cap	Pair Corr
0.62	AOFYX	Alger Small Cap	Pair Corr
0.62	AOFIX	Alger Small Cap	Pair Corr

Moving against Alger Mutual Fund

0.65

CNEIX

Alger Concentrated Equity Potential Growth

Pair Corr

Specify up to 10 symbols:

Hype

Prediction

Low	Estimated	High
19.66	20.99	22.32

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Intrinsic

Valuation

Low	Real	High
19.09	23.12	24.45

Details

Naive

Forecast

Low	Next	High
19.71	21.04	22.36

Details

Bollinger

Band Projection (param)

Lower	Middle Band	Upper
20.95	21.38	21.82

Details

Please note, it is not enough to conduct a financial or market analysis of a single entity such as Alger Responsible. Your research has to be compared to or analyzed against Alger Responsible's peers to derive any actionable benefits. When done correctly, Alger Responsible's competitive analysis will give you plenty of quantitative and qualitative data to validate your investment decisions or develop an entirely new strategy toward taking a position in Alger Responsible.

Alger Responsible Competition Correlation Matrix

Typically, diversification allows investors to combine positions across different asset classes to reduce overall portfolio risk. Correlation between Alger Responsible 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 Responsible does not affect the price movement of the other competitor.

	FMTIX	GMADX	JAAIX	AACCX	AMONX	GGRYX
FMTIX		0.92	0.92	0.93	0.85	0.8	FMTIX
GMADX	0.92		0.96	0.92	0.85	0.92	GMADX
JAAIX	0.92	0.96		0.93	0.84	0.82	JAAIX
AACCX	0.93	0.92	0.93		0.94	0.86	AACCX
AMONX	0.85	0.85	0.84	0.94		0.84	AMONX
GGRYX	0.8	0.92	0.82	0.86	0.84		GGRYX
	FMTIX	GMADX	JAAIX	AACCX	AMONX	GGRYX

Risk-Adjusted Indicators

There is a big difference between Alger Mutual Fund performing well and Alger Responsible 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 Responsible'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
FMTIX	0.39	0.05	0.02	0.16	0.36	(0.43)	0.78	(0.75)	4.34
GMADX	0.56	0.10	0.12	0.18	0.47	(0.64)	1.35	(1.10)	3.10
JAAIX	0.18	0.01	(0.18)	0.11	0.09	(0.20)	0.36	(0.36)	0.79
AACCX	0.33	0.04	0.00	0.15	0.17	(0.47)	0.76	(0.57)	4.29
AMONX	1.23	0.49	0.39	1.21	0.43	(1.57)	1.42	(1.85)	33.19
GGRYX	0.54	0.10	0.12	0.21	0.38	(0.64)	0.91	(0.96)	8.85

Alger Responsible Competitive Analysis

The better you understand Alger Responsible competitors, the better chance you have of utilizing it as a position in your portfolios. From an individual investor's perspective, Alger Responsible'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 Responsible'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

	ALGZX	FMTIX	GMADX	JAAIX	AACCX	AMONX	GGRYX
	0.62 21.21 Alger	0.18 16.80 Franklin	0.44 36.66 Gmo	0.59 16.94 Alternative	0.18 5.57 STRATEGIC	0.54 20.39 Aqr	0.29 13.71 Growth
Market Volatility (90 Days Market Risk)	Very steady	Very steady	Very steady	Very steady	Very steady	Not too volatile	Very steady
Market Performance (90 Days Performance)	Mild	Fair	Solid	Good	Fair	Fair	Fair
Odds of Financial Distress (Probability Of Bankruptcy)	Low	Low	Low	Low	Low	Low	Low
Current Valuation (Equity Enterprise Value)	Under Valued	Fairly Valued	Under Valued	Fairly Valued	Fairly Valued	Under Valued	Under Valued
Buy or Sell Advice (Average Analysts Consensus)	Not Available	Not Available	Not Available	Not Available	Not Available	Not Available	Not Available
Trade Advice (90 Days Macroaxis Advice)	Buy	Buy	Strong Buy	Hold	Strong Hold	Strong Buy	Strong Buy
Net Asset	103.6 M	1.72 B	722.52 M	679.41 M	282.58 M	601.11 M	1.25 B
Minimum Initial Investment	N/A	N/A	N/A	250 K	N/A	N/A	1000 K
Price To Book	N/A	2.18 X	N/A	2.05 X	2.30 X	N/A	N/A
Five Year Return	13.27 %	6.92 %	N/A	4.32 %	3.67 %	12.76 %	6.92 %
One Year Return	20.98 %	15.60 %	N/A	6.49 %	10.16 %	15.35 %	14.94 %
Last Dividend Paid	N/A	0.05	1.05	0.08	0.02	N/A	N/A
Price To Earning	N/A	18.89 X	N/A	18.35 X	18.46 X	N/A	N/A
Price To Sales	N/A	1.42 X	N/A	1.65 X	1.53 X	N/A	N/A
Cash Position Weight	0.39 %	4.56 %	0.76 %	28.87 %	9.95 %	0.88 %	25.71 %
Equity Positions Weight	99.60 %	56.33 %	95.57 %	35.34 %	39.66 %	94.90 %	55.37 %
Three Year Return	26.36 %	12.90 %	N/A	6.31 %	7.75 %	20.67 %	13.75 %
Annual Yield	N/A	0.02 %	0.05 %	0.02 %	0.01 %	N/A	0.03 %
Year To Date Return	0.24 %	1.39 %	N/A	1.20 %	1.46 %	3.02 %	1.79 %
Bond Positions Weight	N/A	6.03 %	2.01 %	19.23 %	11.10 %	N/A	16.38 %
Ten Year Return	12.56 %	6.35 %	N/A	3.65 %	5.13 %	12.34 %	7.46 %
Day Typical Price	21.21	16.8	36.66	16.94	5.57	20.39	13.71
Daily Balance Of Power	9.2 T	9.2 T	9.2 T	9.2 T	9.2 T	9.2 T	9.2 T
Period Momentum Indicator	0.13	0.03	0.16	0.1	0.01	0.11	0.04
Rate Of Daily Change	1.01	1.0	1.0	1.01	1.0	1.01	1.0
Day Median Price	21.21	16.8	36.66	16.94	5.57	20.39	13.71
Price Action Indicator	0.065	0.015	0.08	0.05	0.005	0.055	0.02
Relative Strength Index	55.15	62.31	N/A	65.44	63.6	70.18	63.16
Coefficient Of Variation	824.04	639.37	435.81	612.0	694.78	740.53	698.82
Mean Deviation	0.8553	0.3931	0.5589	0.182	0.335	1.23	0.5364
Jensen Alpha	0.0991	0.0476	0.0951	0.0098	0.0383	0.4906	0.0966
Total Risk Alpha	0.0268	0.027	0.0857	0.0052	0.018	0.1536	0.0428
Sortino Ratio	0.0624	0.0247	0.1225	(0.18)	0.0029	0.3922	0.1176
Downside Variance	1.69	0.2978	0.4582	0.0567	0.2062	1.33	0.3923
Standard Deviation	1.31	0.5872	0.7028	0.2174	0.5535	3.93	1.06
Kurtosis	8.59	8.91	(0.12)	(0.92)	19.16	58.46	34.89
Potential Upside	1.74	0.7841	1.35	0.3576	0.7561	1.42	0.9076
Treynor Ratio	0.2031	0.1632	0.184	0.1108	0.1519	1.21	0.2136
Maximum Drawdown	8.98	4.34	3.1	0.79	4.29	33.19	8.85
Variance	1.72	0.3448	0.494	0.0473	0.3064	15.41	1.13
Market Risk Adjusted Performance	0.2131	0.1732	0.194	0.1208	0.1619	1.22	0.2236
Risk Adjusted Performance	0.0933	0.112	0.1676	0.096	0.1021	0.107	0.1079
Skewness	1.58	1.58	(0.07)	(0.28)	3.2	7.42	5.01
Semi Deviation	1.02	0.3559	0.4651	0.0908	0.1721	0.4345	0.3765
Information Ratio	0.0617	0.023	0.118	(0.20)	0.0024	0.1151	0.0693
Value At Risk	(2.03)	(0.75)	(1.10)	(0.36)	(0.57)	(1.85)	(0.96)
Expected Short fall	(0.92)	(0.43)	(0.64)	(0.20)	(0.47)	(1.57)	(0.64)
Downside Deviation	1.3	0.5457	0.6769	0.2382	0.454	1.15	0.6263
Semi Variance	1.03	0.1266	0.2163	0.0083	0.0296	0.1888	0.1418

Alger Responsible Competition Performance Charts

Five steps to successful analysis of Alger Responsible Competition

Alger Responsible'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 Responsible in relation to its competition. Alger Responsible's competition analysis typically involves several steps, including:

Identifying the key players in the market: This involves identifying the major competitors of Alger Responsible 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 Responsible's competitive landscape.
Identifying opportunities and threats: This involves using the information gathered during the analysis to identify opportunities and threats to Alger Responsible, 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.

Competitive analysis is an essential tool for businesses to stay ahead of the competition and can be used to inform decision-making and strategy development. By understanding the competitive landscape and staying informed about the activities of competitors, a company can make more informed decisions and improve its overall performance.

Complement your Alger Responsible position

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ETF themes focus on helping investors to gain exposure to a broad range of assets, diversify, and lower overall costs. The Volatility ETFs theme has 25 constituents at this time.

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Other Information on Investing in Alger Mutual Fund

Alger Responsible 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 Responsible security.

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Alger Responsible Competition

Alger Responsible vs Growth Allocation Correlation

Very poor diversification

Moving together with Alger Mutual Fund

Moving against Alger Mutual Fund

Specify up to 10 symbols:

Alger Responsible Competition Correlation Matrix

Risk-Adjusted Indicators

Alger Responsible Competitive Analysis

Alger Responsible Competition Performance Charts

Five steps to successful analysis of Alger Responsible Competition

Complement your Alger Responsible position

Did You Try This Idea?

Run Volatility ETFs Thematic Idea Now

Volatility ETFs

Other Information on Investing in Alger Mutual Fund

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