ALGER SPECTRA Competition

ASPCX Fund

USD 24.30 0.53 2.23%

The fund is listed under the Large Growth category and is part of the Alger family. Alger Spectra is often compared with SIMT LARGE, VELA Large, Wasatch Large, Guidemark Large, and SMEAD VALUE and additional peers. The list provides context for competitive positioning. Use this view to evaluate ALGER SPECTRA versus comparable funds before opening a position.

Correlation: ALGER SPECTRA vs TOUCHSTONE LARGE Overview

Good diversification

For the present investment horizon, the measured correlation between ASPCX and TACLX stands at -0.15, or Good diversification. In portfolio terms, the overlap visualization shows how much shared movement remains after both positions are combined.

Moving together with ALGER Mutual Fund

0.67	AMGAX	Alger Midcap Growth	Pair Corr
0.67	AMGOX	Alger Mid Cap	Pair Corr
0.61	ASIMX	Alger Smidcap Focus	Pair Corr

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The concept of mean reversion suggests that ALGER SPECTRA's price will eventually return toward its long-run average. High prices may deter value investors, while unusually low prices often attract buyers who anticipate a recovery.

Hype

Prediction

Low	Estimated	High
22.01	23.75	25.49

Details

Intrinsic

Valuation

Low	Real	High
22.28	24.02	25.76

Details

Naive

Forecast

Low	Next	High
22.09	23.83	25.58

Details

Bollinger

Band Projection (param)

Lower	Middle Band	Upper
23.72	24.44	25.17

Details

Competitive analysis for ALGER SPECTRA compares its financial performance, valuation multiples, and growth trajectory against sector peers. This peer-relative view often uncovers mispricing that single-company analysis would miss.

ALGER SPECTRA Competition Correlation Matrix

Studying peer correlation around Alger Spectra Fund gives investors a cleaner read on how much independent price behavior still exists across the competitive set. 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.

	SLYCX	VELAX	WILCX	GMLVX	SMVLX	SVFDX	TACLX
SLYCX		0.84	0.65	0.58	0.42	0.42	0.55	SLYCX
VELAX	0.84		0.54	0.57	0.37	0.37	0.55	VELAX
WILCX	0.65	0.54		0.94	0.94	0.94	0.92	WILCX
GMLVX	0.58	0.57	0.94		0.89	0.88	0.9	GMLVX
SMVLX	0.42	0.37	0.94	0.89		1.0	0.92	SMVLX
SVFDX	0.42	0.37	0.94	0.88	1.0		0.92	SVFDX
TACLX	0.55	0.55	0.92	0.9	0.92	0.92		TACLX
	SLYCX	VELAX	WILCX	GMLVX	SMVLX	SVFDX	TACLX

Risk-Adjusted Indicators

Evaluating ALGER Mutual Fund requires separating price momentum from underlying business quality relative to competitors. Without reviewing risk-adjusted indicators, investors may overweight recent returns and underweight the volatility required to achieve them. 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
SLYCX	1.00	0.37	0.51	0.63	0.36	-1.47	0.93	-1.34	26.42
VELAX	0.53	0.06	0.13	0.06	0.55	-0.67	1.00	-1.06	7.57
WILCX	0.52	0.19	0.31	0.30	0.36	-0.62	1.15	-1.05	5.13
GMLVX	0.88	0.14	0.10	0.11	1.23	-0.96	1.93	-1.62	7.82
SMVLX	0.66	0.09	0.12	0.08	0.73	-0.67	1.90	-1.38	3.74
SVFDX	0.66	0.09	0.12	0.08	0.74	-0.67	1.92	-1.39	3.75
TACLX	0.56	0.09	0.12	0.07	0.67	-0.59	1.22	-1.01	5.12

ALGER SPECTRA Competitive Analysis

Better Than Average

Worse Than Peers

View Performance Chart

	ASPCX	SLYCX	VELAX	WILCX	GMLVX	SMVLX	SVFDX	TACLX
	2.23 24.30 ALGER	0.95 13.82 SIMT	0.37 16.20 VELA	0.94 11.82 Wasatch	2.47 15.35 Guidemark	0.29 85.64 SMEAD	0.29 83.35 Smead	0.29 20.58 TOUCHSTONE
Market Volatility (90 Days Market Risk)	Very Low	Low	Very Low	Very Low	Very Low	Very Low	Very Low	Very Low
Market Performance (90 Days Performance)	Soft	Moderate	Mild	Constructive	Moderate	Contained	Contained	Soft
Odds of Financial Distress (Probability Of Bankruptcy)	Low	Low	Low	Low	Low	Low	Low	Low
Current Valuation (Equity Enterprise Value)	Fairly Valued	Under Valued	Under Valued	Under Valued	Under Valued	Under Valued	Under Valued	Under Valued
Buy or Sell Analysis (Average Analysts Consensus)	Not Available	Not Available	Not Available	Not Available	Not Available	Not Available	Not Available	Not Available
Trade Advice (90 Days Macroaxis Advice)	Strong Hold	Strong Buy	Strong Buy	Strong Buy	Strong Buy	Strong Buy	Strong Buy	Strong Buy
Net Asset	3.99 B	2.58 B	60.56 M	168.15 M	89.83 M	4.4 B	1.28 B	318.7 M
Price To Book	3.86 X	N/A	N/A	1.54 X	1.44 X	2.39 X	2.07 X	2.24 X
Five Year Return	10.75 %	10.30 %	N/A	12.04 %	4.68 %	9.68 %	8.51 %	7.35 %
One Year Return	38.03 %	20.57 %	N/A	29.45 %	32.72 %	15.78 %	17.75 %	9.89 %
Last Dividend Paid	N/A	0.03	0.01	0.04	0.03	0.35	0.21	0.12
Price To Earning	23.80 X	N/A	N/A	15.62 X	9.60 X	15.77 X	16.99 X	17.86 X
Price To Sales	2.73 X	N/A	N/A	1.66 X	0.97 X	1.36 X	1.80 X	1.78 X
Cash Position Weight	-1.64 %	1.00 %	13.49 %	2.30 %	0.96 %	5.87 %	5.87 %	0.97 %
Equity Positions Weight	101.76 %	99.00 %	86.51 %	97.70 %	99.04 %	94.13 %	94.13 %	99.03 %
Three Year Return	33.70 %	18.57 %	N/A	18.21 %	16.59 %	11.08 %	11.05 %	13.44 %
Annual Yield	N/A	0.01 %	0.01 %	0.02 %	0.01 %	0.02 %	0.01 %	0.0031 %
Year To Date Return	0.66 %	2.06 %	N/A	7.14 %	5.81 %	6.51 %	4.30 %	1.13 %
Ten Year Return	14.68 %	11.13 %	N/A	6.29 %	8.00 %	12.07 %	11.77 %	N/A
Day Typical Price	24.3	13.82	16.2	11.82	15.35	85.64	83.35	20.58
Daily Balance Of Power	9.2 T	9.2 T	0	9.2 T	9.2 T	9.2 T	9.2 T	0
Period Momentum Indicator	0.53	0.13	-0.06	0.11	0.37	0.25	0.24	-0.06
Rate Of Daily Change	1.02	1.01	1.0	1.01	1.02	1.0	1.0	1.0
Day Median Price	24.3	13.82	16.2	11.82	15.35	85.64	83.35	20.58
Price Action Indicator	0.27	0.065	-0.03	0.055	0.18	0.13	0.12	-0.03
Relative Strength Index	47.79	43.46	40.88	52.84	49.97	47.53	47.43	39.51
Coefficient Of Variation	11506.24	880.85	2080.72	414.14	1141.48	1312.56	1338.61	1248.14
Mean Deviation	1.18	1.0	0.5343	0.5191	0.8787	0.6561	0.6579	0.5625
Jensen Alpha	0.0451	0.3672	0.063	0.1931	0.1374	0.091	0.0898	0.0881
Total Risk Alpha	0.1015	0.5181	0.0878	0.2098	0.1674	0.1074	0.1062	0.0976
Sortino Ratio	0.0301	0.506	0.1272	0.3139	0.1017	0.1191	0.1172	0.1244
Downside Variance	2.73	0.5869	0.3936	0.4605	1.97	0.738	0.7436	0.6202
Standard Deviation	1.71	3.11	0.9361	0.738	1.23	0.8856	0.8864	0.788
Kurtosis	6.28	58.65	23.88	6.13	5.32	0.3502	0.3358	3.71
Potential Upside	2.21	0.9319	1.0	1.15	1.93	1.9	1.92	1.22
Treynor Ratio	0.0055	0.6317	0.0561	0.3024	0.1114	0.0767	0.0751	0.0681
Maximum Drawdown	11.33	26.42	7.57	5.13	7.82	3.74	3.75	5.12
Variance	2.94	9.66	0.8762	0.5447	1.52	0.7842	0.7856	0.621
Market Risk Adjusted Performance	0.0155	0.6417	0.0661	0.3124	0.1214	0.0867	0.0851	0.0781
Risk Adjusted Performance	0.0123	0.0977	0.0397	0.1912	0.0732	0.0616	0.0604	0.0636
Skewness	1.37	7.44	3.75	1.22	-1.42	0.4238	0.4155	0.6971
Semi Deviation	1.57	0.3581	0.5521	0.3609	1.23	0.7312	0.7352	0.6746
Information Ratio	0.029	0.1247	0.0853	0.2887	0.1159	0.1155	0.114	0.1243
Value At Risk	-2.49	-1.34	-1.06	-1.05	-1.62	-1.38	-1.39	-1.01
Expected Short fall	-1.16	-1.47	-0.67	-0.62	-0.96	-0.67	-0.67	-0.59
Downside Deviation	1.65	0.7661	0.6274	0.6786	1.4	0.8591	0.8623	0.7875
Semi Variance	2.45	0.1282	0.3048	0.1303	1.51	0.5347	0.5405	0.4551

ALGER SPECTRA Competition Peer Performance Charts

How to Analyze ALGER SPECTRA Against Peers

ALGER SPECTRA's peer analysis compares ALGER SPECTRA 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 SPECTRA 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 SPECTRA 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.

Peer Comparison Metrics & Methodology

Analyzing ALGER SPECTRA peers expands diversification context, relative positioning, and sector theme understanding - the view compares related instruments across sectors and thematic groups. Peer benchmarking can improve context for valuation without relying only on standalone multiples.

For Alger Spectra Fund, this section uses fund disclosures and market reference feeds with Macroaxis normalization rules applied to keep cross-asset comparisons consistent. Intraday timing differences may exist.

This content is curated and reviewed by:

Rifka Kats - Member of Macroaxis Editorial Board

Last reviewed on February 22nd, 2026

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ALGER SPECTRA Competition

Correlation: ALGER SPECTRA vs TOUCHSTONE LARGE Overview

Moving together with ALGER Mutual Fund

Specify up to 10 symbols:

ALGER SPECTRA Competition Correlation Matrix

Risk-Adjusted Indicators

ALGER SPECTRA Competitive Analysis

ALGER SPECTRA Competition Peer Performance Charts

How to Analyze ALGER SPECTRA Against Peers

Peer Comparison Metrics & Methodology

This content is curated and reviewed by:

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