Alger Capital Correlations

ACAZX Fund

USD 49.16 0.01 0.02%

The current 90-days correlation between Alger Capital Apprec and Great West Goldman Sachs is 0.16 (i.e., Average diversification). The correlation of Alger Capital 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 Capital Correlation With Market

Very weak diversification

The correlation between Alger Capital Appreciation and DJI is 0.54 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Alger Capital Appreciation 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 Capital Appreciation. 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 nation.

Moving together with Alger Mutual Fund

0.72	VIGAX	Vanguard Growth Index	Pair Corr
0.88	AGTHX	Growth Fund	Pair Corr
0.87	GFACX	Growth Fund	Pair Corr
0.87	GFAFX	Growth Fund	Pair Corr
0.87	FAFGX	American Funds	Pair Corr
0.87	FFAFX	American Funds	Pair Corr
0.87	CGFFX	Growth Fund	Pair Corr
0.87	CGFCX	Growth Fund	Pair Corr
0.88	CGFAX	Growth Fund	Pair Corr
0.87	CGFEX	Growth Fund	Pair Corr
0.64	VTSMX	Vanguard Total Stock	Pair Corr
0.64	VITSX	Vanguard Total Stock	Pair Corr

Moving against Alger Mutual Fund

0.36	TRV	The Travelers Companies	Pair Corr
0.32	VZ	Verizon Communications	Pair Corr

Related Correlations Analysis

	MXKJX	SGDIX	IIGCX	USERX	SGDLX	AGGWX
MXKJX		0.12	0.13	0.19	0.12	0.16	MXKJX
SGDIX	0.12		0.87	0.99	1.0	0.98	SGDIX
IIGCX	0.13	0.87		0.88	0.87	0.89	IIGCX
USERX	0.19	0.99	0.88		0.99	0.99	USERX
SGDLX	0.12	1.0	0.87	0.99		0.98	SGDLX
AGGWX	0.16	0.98	0.89	0.99	0.98		AGGWX
	MXKJX	SGDIX	IIGCX	USERX	SGDLX	AGGWX

Risk-Adjusted Indicators

There is a big difference between Alger Mutual Fund performing well and Alger Capital 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 Capital'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
MXKJX	0.64	0.00	(0.06)	0.05	0.84	(0.66)	1.44	(1.31)	4.19
SGDIX	1.69	0.29	0.09	0.94	2.45	(1.66)	3.30	(3.85)	11.53
IIGCX	1.82	0.29	0.09	0.39	2.55	(1.78)	4.36	(4.25)	13.01
USERX	1.99	0.33	0.09	0.89	2.67	(2.07)	3.91	(4.44)	12.91
SGDLX	1.69	0.29	0.09	0.93	2.45	(1.66)	3.30	(3.84)	11.52
AGGWX	1.83	0.28	0.08	0.66	2.55	(1.80)	4.52	(4.27)	12.84

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

2025 Macroaxis LLC