Alger Smallcap Correlations

Mutual Funds USA . 
Fund . Alger Smallcap Growth
ASCZX Fund  USD 11.01  0.17  1.52%   
The current 90-days correlation between Alger Smallcap Growth and Delaware Limited Term Diversified is -0.01 (i.e., Good diversification). The correlation of Alger Smallcap 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 Smallcap Correlation With Market

Poor diversification

The correlation between Alger Smallcap Growth and DJI is 0.74 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Alger Smallcap Growth 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 Smallcap Growth. 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

  0.89AMGAX Alger Midcap GrowthPairCorr
  0.89AMGCX Alger Midcap GrowthPairCorr
  0.92AMGOX Alger Mid CapPairCorr
  0.95AOFYX Alger Small CapPairCorr
  0.89AOFIX Alger Small CapPairCorr
  0.89AOFAX Alger Small CapPairCorr
  0.94AOFCX Alger Small CapPairCorr
  0.92CHUSX Alger Global GrowthPairCorr
  0.97CHUCX Alger Global GrowthPairCorr
  0.91AAEMX Alger Emerging MarketsPairCorr
  0.9AAGOX Alger Large CapPairCorr
  0.92AAICX Alger Ai EnablersPairCorr
  0.9AAIZX Alger Ai EnablersPairCorr
  0.9AAIYX Alger Mid CapPairCorr
  1.0ASCYX Alger FundsPairCorr
  0.94AASOX Alger Small CapPairCorr
  0.99ASIRX Alger Smallcap GrowthPairCorr
  0.93ASIMX Alger Smidcap FocusPairCorr
  0.93ASMZX Alger Smidcap FocusPairCorr
  0.93ASPCX Alger SpectraPairCorr
  0.93ASPZX Alger SpectraPairCorr
  0.93ASPYX Alger SpectraPairCorr
  0.93ASPIX Alger SpectraPairCorr
  0.93ASYMX Alger Weatherbie SpePairCorr
  0.96ABLOX Alger Balanced PortfolioPairCorr
  0.93ACAYX Alger Capital ApprecPairCorr
  0.93ACAZX Alger Capital ApprecPairCorr
  0.9ACARX Alger Capital ApprecPairCorr
  0.9ACAAX Alger Capital ApprecPairCorr
  0.91ATVPX Alger 35 FundPairCorr
  0.95ACEMX Alger Emerging MarketsPairCorr
  0.93ACIZX Alger Capital ApprecPairCorr
  0.72ADOCX Alger Dynamic OpportPairCorr
  0.74ADOZX Alger Dynamic OpportPairCorr
  0.89CNEIX Alger Concentrated EquityPairCorr
  0.89CNEYX Alger Concentrated EquityPairCorr
  0.89CNEZX Alger Concentrated EquityPairCorr
  0.97AFGZX Alger Global GrowthPairCorr
  0.92AFGPX Alger InternationalPairCorr

Related Correlations Analysis


Risk-Adjusted Indicators

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