ALGER SPECTRA Total Risk Alpha
| ASPZX Fund | | | USD 33.91 0.29 0.86% |
Technical inputs supporting the Total Risk Alpha indicator for Alger Spectra Fund are shown here. Values are derived from historical price and volume observations. Portfolio design and allocation context appear in
Trending Equities. All figures are based on reported data and are informational in nature. Alger Spectra Fund can be included in a portfolio to evaluate diversification impact. Weighting is typically determined by the allocation framework in use. Broader economic conditions can influence Alger Spectra Fund's mutual fund valuation — related indicators include
signals in nation.
Alger Spectra Fund 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 SPECTRA |
| ER[b] | = | Expected return on market index or selected benchmark |
| STD[a] | = | Standard Deviation of returns on ALGER SPECTRA |
| 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 Spectra Fund 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.
Compare ALGER SPECTRA to Peers
Other Technical Indicators