ALGER GLOBAL Total Risk Alpha
| CHUCX Fund | | | USD 23.24 -0.23 -0.98% |
This technical indicator view for Total Risk Alpha organizes signals for Alger Global Growth and comparable instruments. Coverage depends on data availability and normalization;
Equity Screeners provides additional screening context.
Trending Equities provides context for diversified portfolio design. Broader allocation clarity strengthens diversification analysis. This suggests a position in Alger Global Growth inside the allocation mix. 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 private.
Alger Global Growth has current Total Risk Alpha of 0.2563. 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] |
| = | 0.2563 | |
| ER[a] | = | Expected return on investing in ALGER GLOBAL |
| ER[b] | = | Expected return on market index or selected benchmark |
| STD[a] | = | Standard Deviation of returns on ALGER GLOBAL |
| STD[b] | = | Standard Deviation of selected market or benchmark |
| RFR | = | Risk Free Rate of return. Typically T-Bill Rate |
ALGER GLOBAL Total Risk Alpha Peers Comparison
ALGER Total Risk Alpha Relative To Other Indicators
Alger Global Growth ranks first in total risk alpha among similar funds. It is currently under evaluation in maximum drawdown among similar funds reporting about
48.54 of Maximum Drawdown per Total Risk Alpha. At
48.54 , Alger Global Growth'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.
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