Alger International Correlations

ALGCX Fund

USD 17.18 0.28 0.41%

The correlation of Alger International 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.

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Moving together with ALGER Mutual Fund

0.67	CHUSX	Alger Global Growth	Pair Corr
0.72	CHUCX	Alger Global Growth	Pair Corr
0.83	AAEMX	Alger Emerging Markets	Pair Corr
0.64	ASPZX	Alger Spectra	Pair Corr
0.64	ASPIX	Alger Spectra	Pair Corr
0.7	ABLOX	Alger Balanced Portfolio	Pair Corr
0.63	ACAYX	Alger Capital Apprec	Pair Corr
0.63	ACAZX	Alger Capital Apprec	Pair Corr
0.64	ACARX	Alger Capital Apprec	Pair Corr
0.72	AGIFX	Alger Responsible	Pair Corr
0.68	AZEMX	Alger Emerging Markets	Pair Corr
0.71	AIEMX	Alger Emerging Markets	Pair Corr
0.82	AIGIX	Alger International	Pair Corr
0.64	SPEGX	Alger Responsible	Pair Corr
0.63	ALBAX	Alger Growth Income	Pair Corr

Related Correlations Analysis

	RCLIX	OPTCX	RYNCX	MSTGX	TFAGX	ATGYX	LGLSX
RCLIX		0.97	0.99	0.95	0.95	0.95	0.95	RCLIX
OPTCX	0.97		0.98	0.92	0.91	0.93	0.9	OPTCX
RYNCX	0.99	0.98		0.95	0.96	0.96	0.96	RYNCX
MSTGX	0.95	0.92	0.95		0.95	0.92	0.93	MSTGX
TFAGX	0.95	0.91	0.96	0.95		0.98	0.96	TFAGX
ATGYX	0.95	0.93	0.96	0.92	0.98		0.93	ATGYX
LGLSX	0.95	0.9	0.96	0.93	0.96	0.93		LGLSX
	RCLIX	OPTCX	RYNCX	MSTGX	TFAGX	ATGYX	LGLSX

Risk-Adjusted Indicators

There is a big difference between ALGER Mutual Fund performing well and Alger International 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 International'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
RCLIX	0.45	0.02	0.00	0.13	0.35	(0.55)	1.05	(0.66)	2.87
OPTCX	0.19	0.01	(0.20)	0.14	0.00	(0.24)	0.51	(0.31)	1.12
RYNCX	0.71	0.07	0.10	0.15	0.60	(0.82)	1.66	(1.19)	4.09
MSTGX	0.25	0.05	(0.11)	6.79	0.21	(0.30)	0.60	(0.60)	1.34
TFAGX	0.57	0.16	0.05	(0.52)	0.46	(0.69)	1.17	(1.06)	3.60
ATGYX	0.56	0.15	0.05	(0.84)	0.52	(0.65)	1.34	(0.79)	3.39
LGLSX	0.79	0.13	0.10	0.28	0.82	(0.87)	1.54	(1.41)	4.96

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Alger International Correlations

Moving together with ALGER Mutual Fund

Related Correlations Analysis

Risk-Adjusted Indicators

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