ALGER HEALTH Competition
| AHSCX Fund | USD 13.36 0.17 1.29% |
Correlation: ALGER HEALTH vs ALGER SMALLCAP Details
Poor diversification
Across the chosen horizon, ALGER HEALTH and ALGER SMALLCAP show a correlation of 0.75 and fall into the Poor diversification bucket. In portfolio terms, the overlap shows how much shared movement remains after combining both positions.
Moving together with ALGER Mutual Fund
Experienced investors tracking ALGER HEALTH's watch for mean reversion setups where price has deviated from its long-run average. Sentiment extremes, news events, or liquidity shocks are common catalysts for these temporary dislocations in ALGER HEALTH. Prices periodically overshoot their intrinsic value in both directions, creating mean reversion opportunities in ALGER HEALTH. The mean reversion signal is most useful when combined with fundamental confirmation for ALGER HEALTH's.
ALGER HEALTH Competition Correlation Matrix
Competition correlation for Alger Health Sciences matters because related securities often respond to the same industry, factor, or macro drivers even when their business stories differ. The business currently sits in the Health sector and the Large industry. In practical terms, lower correlation may offer better diversification while higher correlation may leave the portfolio more exposed to one shared driver.
Risk-Adjusted Indicators
ALGER HEALTH Mutual Fund can look attractive on recent price action while risk efficiency lags the peer group. Reviewing ALGER HEALTH's risk-adjusted indicators gives a clearer view of whether returns are being earned efficiently. These indicators are quantitative in nature and help investors evaluate volatility and risk-adjusted expected returns across different positions.| Mean Deviation | Jensen Alpha | Sortino Ratio | Treynor Ratio | Semi Deviation | Expected Shortfall | Potential Upside | Value @Risk | Maximum Drawdown | ||
|---|---|---|---|---|---|---|---|---|---|---|
| AMGAX | 1.04 | -0.11 | 0.00 | 0.31 | 0.00 | 1.73 | 6.74 | |||
| AMGOX | 1.03 | -0.03 | 0.00 | -0.08 | 0.00 | 1.74 | 6.84 | |||
| AOFYX | 1.33 | 0.02 | 0.00 | -0.04 | 0.00 | 2.39 | 8.32 | |||
| AOFIX | 1.33 | 0.02 | 0.00 | -0.04 | 0.00 | 2.37 | 8.35 | |||
| AOFAX | 1.34 | -0.06 | 0.00 | 0.26 | 0.00 | 2.41 | 8.35 | |||
| AOFCX | 1.34 | 0.02 | 0.00 | -0.04 | 0.00 | 2.38 | 8.34 | |||
| AAICX | 1.18 | -0.08 | 0.00 | 0.12 | 0.00 | 2.27 | 6.05 | |||
| AAIZX | 1.15 | -0.01 | 0.00 | -0.07 | 0.00 | 2.13 | 6.04 | |||
| AAIYX | 1.17 | -0.07 | 0.00 | 0.11 | 0.00 | 2.28 | 5.99 | |||
| ASIRX | 1.32 | -0.05 | 0.00 | -0.09 | 0.00 | 1.98 | 7.97 |
ALGER HEALTH Competitive Analysis
| Better Than Average | Worse Than Peers | View Performance Chart |
ALGER HEALTH Competition Peer Performance Charts
How to Analyze ALGER HEALTH Against Peers
ALGER HEALTH's peer analysis compares ALGER HEALTH with related companies to put valuation, quality, and risk metrics in context. This helps determine whether recent performance is company-specific or broadly sector-driven. A practical workflow includes:- Set a relevant peer group: Include direct competitors and close alternatives with comparable business exposure.
- Benchmark core financials: Compare profitability, growth, capital structure, and cash flow quality.
- Check valuation dispersion: Review whether ALGER HEALTH trades at a premium or discount versus peers and why.
- Evaluate risk profile: Compare volatility, drawdowns, and correlation to avoid false diversification assumptions.
- Document the thesis: Record where ALGER HEALTH leads or lags and what catalysts could close or widen the gap.
Peer Comparison Metrics & Methodology
Earnings revisions for ALGER HEALTH have trended more positive than for its closest peers over the last 90 days. When ALGER HEALTH and a peer diverge sharply on valuation, the earnings and cash flow data usually explain why. Peer benchmarking can improve context for valuation without relying only on standalone multiples.
The analytics block for Alger Health Sciences relies on fund disclosures and market reference feeds, with quality checks and normalization applied before rendering. Timing can vary by data vendor.