Alger Midcap Correlations

Mutual Funds USA . 
Fund . Alger Midcap Growth
The correlation of Alger Midcap 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

  0.89AMGAX Alger Midcap GrowthPairCorr
  0.88AMGCX Alger Midcap GrowthPairCorr
  1.0AMGOX Alger Mid CapPairCorr
  0.97AOFYX Alger Small CapPairCorr
  0.96AOFIX Alger Small CapPairCorr
  0.87AOFAX Alger Small CapPairCorr
  0.96AOFCX Alger Small CapPairCorr
  0.87CHUSX Alger Global GrowthPairCorr
  0.85CHUCX Alger Global GrowthPairCorr
  0.86AAEMX Alger Emerging MarketsPairCorr
  0.87AAGOX Alger Large CapPairCorr
  0.61AAICX Alger Ai EnablersPairCorr
  0.98AAIYX Alger Mid CapPairCorr
  0.99ASCYX Alger FundsPairCorr
  0.99ASCZX Alger Smallcap GrowthPairCorr
  0.88AASOX Alger Small CapPairCorr
  0.62ASIRX Alger Smallcap GrowthPairCorr
  0.95ASIMX Alger Smidcap FocusPairCorr
  0.85ASMZX Alger Smidcap FocusPairCorr
  0.99ASPZX Alger SpectraPairCorr
  0.87ASPYX Alger SpectraPairCorr
  0.87ASPIX Alger SpectraPairCorr
  0.85ASYMX Alger Weatherbie SpePairCorr
  0.99ACAZX Alger Capital ApprecPairCorr
  0.99ACARX Alger Capital ApprecPairCorr
  0.86ACEMX Alger Emerging MarketsPairCorr
  0.84ADOCX Alger Dynamic OpportPairCorr
  0.94ADOZX Alger Dynamic OpportPairCorr
  0.98CNEIX Alger Concentrated EquityPairCorr
  0.87CNEYX Alger Concentrated EquityPairCorr
  0.98CNEZX Alger Concentrated EquityPairCorr
  0.98AFGZX Alger Global GrowthPairCorr
  1.0AFOZX Alger Funds MidPairCorr
  0.96AGIZX Alger Growth IncomePairCorr
  0.86AGIFX Alger ResponsiblePairCorr

Related Correlations Analysis

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Risk-Adjusted Indicators

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