Alger Growth Correlations

Mutual Funds . USA . 
Fund . Alger Growth Income
AIGOX Fund  USD 36.58  0.11  0.30%   
The current 90-days correlation between Alger Growth Income and Small Cap Value Fund is 0.71 (i.e., Poor diversification). The correlation of Alger Growth 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 Growth Correlation With Market

Very poor diversification

The correlation between Alger Growth Income and DJI is 0.86 (i.e., Very poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Alger Growth Income 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 Growth Income. 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 metropolitan statistical area.

Moving together with Alger Mutual Fund

  0.94AMGAX Alger Midcap GrowthPairCorr
  0.93AMGCX Alger Midcap GrowthPairCorr
  0.94AMGOX Alger Mid CapPairCorr
  0.88AOFYX Alger Small CapPairCorr
  0.88AOFIX Alger Small CapPairCorr
  0.88AOFAX Alger Small CapPairCorr
  0.88AOFCX Alger Small CapPairCorr
  0.97CHUSX Alger Global GrowthPairCorr
  0.98CHUCX Alger Global GrowthPairCorr
  0.93AAEMX Alger Emerging MarketsPairCorr
  0.95AAGOX Alger Large CapPairCorr
  0.96AAICX Alger Ai EnablersPairCorr
  0.97AAIZX Alger Ai EnablersPairCorr
  0.96AAIYX Alger Mid CapPairCorr
  0.96ASCYX Alger FundsPairCorr
  0.96ASCZX Alger Smallcap GrowthPairCorr
  0.95AASOX Alger Small CapPairCorr
  0.97ASIRX Alger Smallcap GrowthPairCorr
  0.89ASIMX Alger Smidcap FocusPairCorr
  0.89ASMZX Alger Smidcap FocusPairCorr
  0.97ASPCX Alger SpectraPairCorr
  0.97ASPZX Alger SpectraPairCorr
  0.97ASPYX Alger SpectraPairCorr
  0.97ASPIX Alger SpectraPairCorr
  0.89ASYMX Alger Weatherbie SpePairCorr
  1.0ABLOX Alger Balanced PortfolioPairCorr
  0.97ACAYX Alger Capital ApprecPairCorr
  0.97ACAZX Alger Capital ApprecPairCorr
  0.97ACARX Alger Capital ApprecPairCorr
  0.96ACAAX Alger Capital ApprecPairCorr
  0.95ATVPX Alger 35 FundPairCorr
  0.93ACEMX Alger Emerging MarketsPairCorr
  0.97ACIZX Alger Capital ApprecPairCorr
  0.77ADOCX Alger Dynamic OpportPairCorr
  0.79ADOZX Alger Dynamic OpportPairCorr
  0.95CNEIX Alger Concentrated EquityPairCorr
  0.96CNEYX Alger Concentrated EquityPairCorr
  0.95CNEZX Alger Concentrated EquityPairCorr
  0.98AFGZX Alger Global GrowthPairCorr
  0.9AFGPX Alger InternationalPairCorr

Related Correlations Analysis


Risk-Adjusted Indicators

There is a big difference between Alger Mutual Fund performing well and Alger Growth 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 Growth'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.

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