ALGER MIDCAP Variance
| AMGAX Fund | | | USD 16.66 0.12 0.73% |
Observed values used in the Variance indicator for Alger Midcap Growth are included in this dataset. For broader technical screening across instruments, see
Equity Screeners.
Trending Equities provides a view into diversified allocation design. Such insight adds context to allocation decisions within a diversified portfolio. Alger Midcap Growth can be included in a portfolio to evaluate diversification impact. Diversification analysis reveals overlap and concentration across holdings. Broader economic conditions can influence Alger Midcap Growth's mutual fund valuation — related indicators include
signals in nation.
Alger Midcap Growth has current Variance of 1.72. Variance is another measure of security risk that shows the amount of dispersion of equity returns around their mean value. Variance is calculated as the average squared deviations from the mean. Evaluating a set of investment alternatives one can use variance to help determine the volatility when purchasing a specific security. Similar to Standard Deviation, the variance is a measure of how far a set of numbers is spread out around its mean.
Variance | = | SUM(RET DEV)2N |
| = | 1.72 | |
| SUM | = | Summation notation |
| RET DEV | = | Actual returns deviation over selected period |
| N | = | Number of points for the period |
Variance Peers Comparison
Variance Relative To Other Indicators
Alger Midcap Growth is rated
second in variance among similar funds. It is currently under evaluation in maximum drawdown among similar funds reporting about
3.91 of Maximum Drawdown per Variance. At
3.91 , Alger Midcap Growth's Maximum Drawdown-to-Variance multiple reflects the spread between these metrics
Variance is also a measure of stock volatility and can help determine the risk an investor might take on when purchasing a specific security. A relatively big variance indicates that the daily prices or returns are far from the mean and a small variance indicates that they are located around the mean.
Compare ALGER MIDCAP to Peers
Other Technical Indicators