ALGER HEALTH Total Risk Alpha
| AHSCX Fund | | | USD 13.07 -0.27 -2.02% |
Historical market data for Alger Health Sciences forms the basis of the Total Risk Alpha indicator shown here. The calculation draws on time-series market data across available periods.
Trending Equities provides context for diversified portfolio construction. Additional portfolio transparency improves capital positioning. The holding in Alger Health Sciences represents an allocation. This is situated within the portfolio mix. The weighting is determined by the allocation framework in use. All values are presented as reference data. 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 discontinued.
Alger Health Sciences has current Total Risk Alpha of 0.0388. The total risk alpha measures the performance of an asset by comparing its returns with those of a selected benchmark portfolio.
Total Risk Alpha | = | RFR + (ER[b] - ER[a]) | x | STD[a] / STD[b] |
| = | 0.0388 | |
| ER[a] | = | Expected return on investing in ALGER HEALTH |
| ER[b] | = | Expected return on market index or selected benchmark |
| STD[a] | = | Standard Deviation of returns on ALGER HEALTH |
| STD[b] | = | Standard Deviation of selected market or benchmark |
| RFR | = | Risk Free Rate of return. Typically T-Bill Rate |
Total Risk Alpha Peers Comparison
Total Risk Alpha Relative To Other Indicators
Alger Health Sciences is rated
fifth in total risk alpha among similar funds. It is currently under evaluation in maximum drawdown among similar funds reporting about
114.56 of Maximum Drawdown per Total Risk Alpha. At
114.56 , Alger Health Sciences's Maximum Drawdown-to-Total Risk Alpha multiple reflects the spread between these metrics
The benchmark portfolio represents the market risk matched to the total risk of the stock ETF or fund.
Compare ALGER HEALTH to Peers
Other Technical Indicators