Alger Growth Correlations

Mutual Funds . USA . 
Fund . Alger Growth Income
ALBCX Fund  USD 93.35  1.73  1.89%   
The current 90-days correlation between Alger Growth Income and Alger Emerging Markets is 0.06 (i.e., Significant diversification). The correlation of Alger Growth is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak. If the correlation is 0, the equities are not correlated; they are entirely random.

Alger Growth Correlation With Market

Very poor diversification

The correlation between Alger Growth Income and DJI is 0.85 (i.e., Very poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Alger Growth Income and DJI in the same portfolio, assuming nothing else is changed.
  
Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Alger Growth Income. Also, note that the market value of any mutual fund could be closely tied with the direction of predictive economic indicators such as signals in private.

Moving together with Alger Mutual Fund

  0.65AMGAX Alger Midcap GrowthPairCorr
  0.64AMGCX Alger Midcap GrowthPairCorr
  0.65AMGOX Alger Mid CapPairCorr
  0.63AOFYX Alger Small CapPairCorr
  0.63AOFIX Alger Small CapPairCorr
  0.63AOFAX Alger Small CapPairCorr
  0.78AOFCX Alger Small CapPairCorr
  0.71CHUSX Alger Global GrowthPairCorr
  0.7CHUCX Alger Global GrowthPairCorr
  0.63AAGOX Alger Large CapPairCorr
  0.64AAICX Alger Ai EnablersPairCorr
  0.8ASCYX Alger FundsPairCorr
  0.65ASCZX Alger Smallcap GrowthPairCorr
  0.64AASOX Alger Small CapPairCorr
  0.78ASIRX Alger Smallcap GrowthPairCorr
  0.63ASMZX Alger Smidcap FocusPairCorr
  0.61ASPCX Alger SpectraPairCorr
  0.61ASPYX Alger SpectraPairCorr
  0.8ASYMX Alger Weatherbie SpePairCorr
  0.67ABLOX Alger Balanced PortfolioPairCorr
  0.64ACAYX Alger Capital ApprecPairCorr
  0.62ACAZX Alger Capital ApprecPairCorr
  0.63ACARX Alger Capital ApprecPairCorr
  0.75ACEMX Alger Emerging MarketsPairCorr
  0.64ACIZX Alger Capital ApprecPairCorr

Related Correlations Analysis


Risk-Adjusted Indicators

There is a big difference between Alger Mutual Fund performing well and Alger Growth 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 Growth'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 DeviationJensen AlphaSortino RatioTreynor RatioSemi DeviationExpected ShortfallPotential UpsideValue @RiskMaximum Drawdown
AMGAX  1.04 (0.15) 0.00 (0.05) 0.00 
 0.00 
 1.54 
(2.30)
 4.40 
AMGCX  1.04 (0.15) 0.00 (0.05) 0.00 
 0.00 
 1.60 
(2.60)
 4.60 
AMGOX  1.05 (0.15) 0.00 (0.05) 0.00 
 0.00 
 1.51 
(2.42)
 4.42 
AOFYX  1.32  0.04 (0.03)(0.12) 1.87 
(1.24)
 2.42 
(2.75)
 7.95 
AOFIX  1.32  0.04 (0.03)(0.12) 1.88 
(1.23)
 2.43 
(2.76)
 7.98 
AOFAX  1.32  0.05 (0.03)(0.08) 1.87 
(1.24)
 2.42 
(2.81)
 7.97 
AOFCX  1.35 (0.12) 0.00 (0.01) 0.00 
 0.00 
 2.44 
(2.79)
 8.00 
CHUSX  1.01  0.06  0.04  0.15  1.13 
(1.13)
 1.67 
(2.07)
 10.13 
CHUCX  1.04  0.09  0.06  0.19  1.11 
(1.17)
 1.66 
(2.05)
 11.79 
AAEMX  0.67  0.14  0.07 (2.00) 0.66 
(0.77)
 1.69 
(1.32)
 3.83 

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions
 
Feedback Blog
Made with optimal in San Francisco
2026 Macroaxis LLC
COMMON DESTINATIONS
MAIN CATEGORIES
COMPANY