ALGER SPECTRA Variance
| ASPZX Fund | | | USD 34.39 -0.14 -0.41% |
Technical inputs supporting the Variance 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. Portfolio-level transparency adds depth to allocation analysis. Position sizing and allocation together define the portfolio construction approach. This dataset reflects observed data and is not advisory in nature. The allocation includes a position in Alger Spectra Fund. It is distributed across the allocation. The weighting is determined by the allocation framework in use. 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.
Alger Spectra Fund has current Variance of 1.91. 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 |
| = | 1.91 | |
| 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 Spectra Fund ranks first in variance among similar funds. It is currently under evaluation in maximum drawdown among similar funds reporting about
3.07 of Maximum Drawdown per Variance. At
3.07 , Alger Spectra Fund'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 SPECTRA to Peers
Other Technical Indicators