Alger Small Competition

AOFIX Fund

USD 21.10 0.45 2.18%

The fund is listed under Small Growth category and is part of Alger family. Alger Small Cap is often compared with Fidelity Advisor, Oppenheimer Gold, Vy Goldman, Sprott Gold, and Global Gold and additional peers. This provides context for comparative analysis. Peer comparison for Alger Small provides quick context before deeper valuation work.

Correlation: Alger Small vs Europac Gold Overview

Average diversification

For the present investment horizon, the measured correlation between AOFIX and EPGFX stands at 0.19, or Average diversification. The cleaner interpretation is to review correlation beside volatility, expected return, and the role each holding plays in the portfolio.

Moving together with Alger Mutual Fund

0.85	AMGAX	Alger Midcap Growth	Pair Corr
0.83	AMGCX	Alger Midcap Growth	Pair Corr
0.86	AMGOX	Alger Mid Cap	Pair Corr
1.0	AOFAX	Alger Small Cap	Pair Corr

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The mean reversion principle applied to Alger Small's suggests that neither prolonged outperformance nor underperformance is permanent. Investors exploit this by positioning against extremes in price relative to fundamental value.

Hype

Prediction

Low	Estimated	High
19.47	21.10	22.73

Details

Intrinsic

Valuation

Low	Real	High
19.74	21.37	23.00

Details

Naive

Forecast

Low	Next	High
18.63	20.26	21.89

Details

Bollinger

Band Projection (param)

Lower	Middle Band	Upper
20.93	21.94	22.95

Details

Peer comparison enriches Alger Small analysis by revealing how the company ranks against competitors on key metrics. This relative perspective often changes investment conclusions drawn from standalone fundamental analysis.

Alger Small Competition Correlation Matrix

Correlation analysis between Alger Small Cap and its competitors helps investors understand whether diversification is real or only superficial inside the same peer group. This matrix is most informative when investors want to know whether adding another peer would improve diversification, increase crowding, or leave total risk largely unchanged.

	FGDIX	OGMCX	VGSBX	SGDLX	AGGWX	UIPMX	INIYX	EPGFX
FGDIX		1.0	0.65	0.99	1.0	1.0	1.0	1.0	FGDIX
OGMCX	1.0		0.64	1.0	1.0	1.0	0.99	1.0	OGMCX
VGSBX	0.65	0.64		0.61	0.63	0.63	0.66	0.63	VGSBX
SGDLX	0.99	1.0	0.61		1.0	1.0	0.99	1.0	SGDLX
AGGWX	1.0	1.0	0.63	1.0		1.0	0.99	1.0	AGGWX
UIPMX	1.0	1.0	0.63	1.0	1.0		0.99	1.0	UIPMX
INIYX	1.0	0.99	0.66	0.99	0.99	0.99		0.99	INIYX
EPGFX	1.0	1.0	0.63	1.0	1.0	1.0	0.99		EPGFX
	FGDIX	OGMCX	VGSBX	SGDLX	AGGWX	UIPMX	INIYX	EPGFX

Risk-Adjusted Indicators

There is a big difference between Alger Mutual Fund performing well and Alger Small 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 Small'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
FGDIX	2.08	0.38	0.10	0.34	3.41	-2.05	4.93	-6.12	17.37
OGMCX	2.01	0.36	0.09	0.31	3.22	-1.91	4.72	-5.96	16.71
VGSBX	0.08	0.00	-0.05	0.00	0.11	-0.13	0.21	-0.21	0.43
SGDLX	2.07	0.41	0.10	0.41	3.17	-2.05	4.84	-6.28	17.67
AGGWX	2.14	0.37	0.10	0.31	3.37	-2.16	4.86	-6.28	17.63
UIPMX	2.09	0.35	0.09	0.31	3.50	-1.97	5.04	-6.20	18.58
INIYX	2.13	0.45	0.11	0.41	3.32	-1.99	4.72	-6.01	18.45
EPGFX	1.87	0.34	0.09	0.32	3.07	-1.76	4.17	-6.31	14.55

Alger Small Competitive Analysis

Investors who closely follow Alger Small should also examine its competitive environment to provide context for its financials. Alger Small's performance relative to peers often reveals whether its results are driven by company-specific factors or broader industry trends.

Better Than Average

Worse Than Peers

View Performance Chart

	AOFIX	FGDIX	OGMCX	VGSBX	SGDLX	AGGWX	UIPMX	INIYX	EPGFX
	2.18 21.10 Alger	0.54 71.16 Fidelity	0.67 62.00 Oppenheimer	0.11 9.48 VGSBX	0.13 151.05 Sprott	0.60 35.43 Global	0.52 58.44 Precious	0.15 33.25 International	0.52 23.33 Europac
Market Volatility (90 Days Market Risk)	Very Low	Very Low	Very Low	Very Low	Very Low	Very Low	Very Low	Very Low	Low
Market Performance (90 Days Performance)	Weak	Balanced	Moderate	Balanced	Balanced	Moderate	Moderate	Balanced	Moderate
Odds of Financial Distress (Probability Of Bankruptcy)	Low	Low	Low	Low	Low	Low	Low	Low	Low
Current Valuation (Equity Enterprise Value)	Fairly Valued	Fairly Valued	Fairly Valued	Fairly Valued	Fairly Valued	Fairly Valued	Over Valued	Fairly Valued	Fairly Valued
Buy or Sell Analysis (Average Analysts Consensus)	Not Available	Not Available	Not Available	Not Available	Not Available	Not Available	Not Available	Not Available	Not Available
Trade Advice (90 Days Macroaxis Advice)	Strong Hold	Cautious Hold	Hold	Hold	Cautious Hold	Cautious Hold	Cautious Hold	Cautious Hold	Cautious Hold
Net Asset	2.31 B	1.06 B	4.65 B	209.6 M	2.29 B	320.17 M	457.31 M	1.64 B	777.74 M
Minimum Initial Investment	N/A	N/A	N/A	N/A	N/A	N/A	N/A	1 K	N/A
Price To Book	4.65	1.3	1.39	N/A	N/A	1.8	0.96	1.61	1.24
Five Year Return	-7.29	28.36	27.04	0.2	26.55	29.48	27.56	30.97	20.19
One Year Return	15.86	100.0	100.0	4.99	100.0	100.0	100.0	100.0	100.0
Last Dividend Paid	N/A	1.13	0.26	0.19	N/A	0.04	0.04	1.54	1.15
Price To Earning	49.96	27.34	17.05	N/A	N/A	24.0	20.05	28.55	43.64
Price To Sales	4.91	2.35	1.93	N/A	N/A	2.73	2.09	3.25	4.16
Cash Position Weight	1.45	0.91	1.54	13.49	0.54	0.49	0.76	1.61	0.34
Equity Positions Weight	98.55	98.29	98.26	N/A	82.84	98.47	99.24	98.39	98.6
Three Year Return	8.37	57.93	54.78	3.76	55.78	62.56	55.21	62.06	44.51
Annual Yield	N/A	0.0189	N/A	0.039	N/A	0.0041	0.0023	0.0545	0.0523
Year To Date Return	0.83	36.54	33.04	0.53	19.24	33.74	22.69	26.28	18.13
Bond Positions Weight	N/A	N/A	N/A	81.42	N/A	N/A	N/A	N/A	N/A
Ten Year Return	15.81	-2.73	-2.82	N/A	-2.26	-2.46	-3.21	-1.3	N/A
Day Typical Price	21.1	71.16	62.0	9.48	151.05	35.43	58.44	33.25	23.33
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	9.2 T	9.2 T
Period Momentum Indicator	0.45	0.38	0.41	0.01	0.19	0.21	0.3	0.05	0.12
Rate Of Daily Change	1.02	1.01	1.01	1.0	1.0	1.01	1.01	1.0	1.01
Day Median Price	21.1	71.16	62.0	9.48	151.05	35.43	58.44	33.25	23.33
Price Action Indicator	0.23	0.19	0.2	0.005	0.095	0.11	0.15	0.025	0.06
Relative Strength Index	42.91	53.25	52.47	62.11	53.67	51.99	52.31	54.4	52.94
Coefficient Of Variation	-1,244	780.98	809.92	168419.06	720.27	826.78	867.31	687.33	787.38
Mean Deviation	1.28	2.08	2.01	0.0836	2.07	2.14	2.09	2.13	1.87
Jensen Alpha	-0.14	0.3843	0.3574	N/A	0.4109	0.3677	0.3542	0.4457	0.3431
Total Risk Alpha	-0.14	0.3851	0.3581	-0.01	0.4116	0.3684	0.3549	0.4464	0.3438
Sortino Ratio	N/A	0.0988	0.092	-0.05	0.1029	0.0965	0.0854	0.1056	0.0897
Downside Variance	N/A	15.12	15.1	0.0359	15.94	14.52	17.21	17.8	14.63
Standard Deviation	1.58	3.08	2.97	0.1205	3.03	3.12	3.16	3.13	2.78
Kurtosis	-0.22	3.13	3.7	0.0029	3.53	3.38	3.95	3.5	3.32
Potential Upside	2.18	4.93	4.72	0.2123	4.84	4.86	5.04	4.72	4.17
Treynor Ratio	-0.11	0.3398	0.3092	N/A	0.4105	0.3125	0.3102	0.4121	0.3195
Maximum Drawdown	6.36	17.37	16.71	0.4251	17.67	17.63	18.58	18.45	14.55
Variance	2.5	9.47	8.84	0.0145	9.18	9.74	9.96	9.8	7.72
Market Risk Adjusted Performance	-0.1	0.3498	0.3192	N/A	0.4205	0.3225	0.3202	0.4221	0.3295
Risk Adjusted Performance	-0.06	0.1069	0.1033	-0.05	0.1152	0.1014	0.0971	0.1205	0.1058
Skewness	-0.07	-1.28	-1.40	-0.45	-1.35	-1.33	-1.42	-1.33	-1.42
Semi Deviation	N/A	3.41	3.22	0.1103	3.17	3.37	3.5	3.32	3.07
Information Ratio	-0.09	0.1249	0.1202	-0.08	0.1356	0.1178	0.1122	0.1424	0.1235
Value At Risk	-2.76	-6.12	-5.96	-0.21	-6.28	-6.28	-6.20	-6.01	-6.31
Expected Short fall	N/A	-2.05	-1.91	-0.13	-2.05	-2.16	-1.97	-1.99	-1.76
Downside Deviation	N/A	3.89	3.89	0.1895	3.99	3.81	4.15	4.22	3.83
Semi Variance	N/A	11.6	10.35	0.0122	10.05	11.33	12.25	11.03	9.4

Alger Small Peer Performance Charts

How to Analyze Alger Small Against Peers

Alger Small's peer analysis compares Alger Small 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 Small 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 Small leads or lags and what catalysts could close or widen the gap.

Use this as an educational baseline, then validate conclusions with current filings, market conditions, and portfolio objectives.

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Alger Small Competition

Correlation: Alger Small vs Europac Gold Overview

Average diversification

Moving together with Alger Mutual Fund

Specify up to 10 symbols:

Alger Small Competition Correlation Matrix

Risk-Adjusted Indicators

Alger Small Competitive Analysis

Alger Small Peer Performance Charts

How to Analyze Alger Small Against Peers

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