Alger Midcap Correlations

AMGCX Fund

USD 10.09 0.17 1.71%

The current 90-days correlation between Alger Midcap Growth and Franklin Federal Limited Term is -0.18 (i.e., Good diversification). The correlation of Alger Midcap 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 Midcap Correlation With Market

Very weak diversification

The correlation between Alger Midcap Growth and DJI is 0.5 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Alger Midcap Growth 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 Midcap Growth. 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 services.

Moving together with Alger Mutual Fund

1.0	AMGAX	Alger Midcap Growth	Pair Corr
0.99	AMGOX	Alger Mid Cap	Pair Corr
0.86	AOFYX	Alger Small Cap	Pair Corr
0.86	AOFIX	Alger Small Cap	Pair Corr
0.87	AOFAX	Alger Small Cap	Pair Corr
0.87	AOFCX	Alger Small Cap	Pair Corr
0.68	AAGOX	Alger Large Cap	Pair Corr
0.79	AAICX	Alger Ai Enablers	Pair Corr
0.79	AAIZX	Alger Ai Enablers	Pair Corr
0.92	ASCYX	Alger Funds	Pair Corr
0.92	ASCZX	Alger Smallcap Growth	Pair Corr
0.92	AASOX	Alger Small Cap	Pair Corr
0.87	ASIRX	Alger Smallcap Growth	Pair Corr
0.91	ASIMX	Alger Smidcap Focus	Pair Corr
0.91	ASMZX	Alger Smidcap Focus	Pair Corr
0.71	ASPCX	Alger Spectra	Pair Corr
0.78	ASPZX	Alger Spectra	Pair Corr
0.78	ASPYX	Alger Spectra	Pair Corr
0.76	ASPIX	Alger Spectra	Pair Corr
0.79	ACAYX	Alger Capital Apprec	Pair Corr
0.72	ACAZX	Alger Capital Apprec	Pair Corr
0.71	ACARX	Alger Capital Apprec	Pair Corr
0.7	ACAAX	Alger Capital Apprec	Pair Corr
0.79	ACIZX	Alger Capital Apprec	Pair Corr
0.7	ADOCX	Alger Dynamic Opport	Pair Corr
0.72	ADOZX	Alger Dynamic Opport	Pair Corr
0.7	CNEYX	Alger Concentrated Equity	Pair Corr
0.7	CNEZX	Alger Concentrated Equity	Pair Corr
0.97	AFOIX	Alger Mid Cap	Pair Corr

Related Correlations Analysis

	CWFIX	AOUNX	ASCLX	GSTGX	VSGBX	SUSAX	FTFZX
CWFIX		0.96	0.82	0.94	0.92	0.94	0.93	CWFIX
AOUNX	0.96		0.78	0.96	0.94	0.98	0.96	AOUNX
ASCLX	0.82	0.78		0.78	0.69	0.77	0.68	ASCLX
GSTGX	0.94	0.96	0.78		0.98	0.98	0.89	GSTGX
VSGBX	0.92	0.94	0.69	0.98		0.96	0.9	VSGBX
SUSAX	0.94	0.98	0.77	0.98	0.96		0.94	SUSAX
FTFZX	0.93	0.96	0.68	0.89	0.9	0.94		FTFZX
	CWFIX	AOUNX	ASCLX	GSTGX	VSGBX	SUSAX	FTFZX

Risk-Adjusted Indicators

There is a big difference between Alger Mutual Fund performing well and Alger Midcap 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 Midcap'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	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
CWFIX	0.06	0.01	0.00	1.97	0.00	0.11	(0.10)	0.84
AOUNX	0.05	0.01	0.00	1.32	0.00	0.10	(0.10)	0.51
ASCLX	0.57	0.24	0.43	1.24	(0.80)	0.58	(0.73)	17.47
GSTGX	0.05	0.01	(0.46)	(1.74)	(0.14)	0.11	(0.11)	0.43
VSGBX	0.07	0.01	(0.47)	5.25	(0.13)	0.19	(0.10)	0.39
SUSAX	0.04	0.01	0.00	(4.47)	0.00	0.10	0.00	0.51
FTFZX	0.04	0.01	0.00	(1.70)	0.00	0.10	0.00	0.39

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

Alger Midcap Correlations

Alger Midcap Correlation With Market

Very weak diversification

Moving together with Alger Mutual Fund

Related Correlations Analysis

Risk-Adjusted Indicators

COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY