ALGER GROWTH Total Risk Alpha
| ALBAX Fund | | | USD 91.05 -0.57 -0.62% |
Observed values used to calculate the Total Risk Alpha technical indicator for Alger Growth Income. Indicator values reflect available price and volume data where applicable.
Alger Growth Income has current Total Risk Alpha of
-0.02. 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] |
| = | -0.02 | |
| ER[a] | = | Expected return on investing in ALGER GROWTH |
| ER[b] | = | Expected return on market index or selected benchmark |
| STD[a] | = | Standard Deviation of returns on ALGER GROWTH |
| STD[b] | = | Standard Deviation of selected market or benchmark |
| RFR | = | Risk Free Rate of return. Typically T-Bill Rate |
ALGER GROWTH Total Risk Alpha Peers Comparison
ALGER Total Risk Alpha Relative To Other Indicators
Alger Growth Income is rated
below average in total risk alpha among similar funds. It is currently under evaluation in maximum drawdown among similar funds .
The benchmark portfolio represents the market risk matched to the total risk of the stock ETF or fund.
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