Alger Growth Income Fund Volatility
| ALBAX Fund | USD 91.05 -0.57 -0.62% |
Alger Growth Income continues to exhibit a very low volatility profile over the designated horizon. Alger Growth Income indicates a Sharpe Ratio (Efficiency) of 0.0132, indicating risk-adjusted returns over the last 3 months. The current setup includes 27 technical indicators relevant to risk behavior.
Sharpe Ratio = 0.0132
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| Negative Returns | ALBAX |
Alger Growth Income (ALBAX) recorded a Market Risk Adjusted Performance of 0.01%, a Risk of 0.75, and a Risk Adjusted Performance of 0.01%. Based on monthly moving average positioning, ALGER GROWTH is operating near 1% of its observed historical performance range. Within a well-diversified portfolio, its contribution would depend on correlation and allocation weight.
Key indicators related to ALGER GROWTH's volatility include:90 Days Market Risk | Chance Of Distress | 90 Days Economic Sensitivity |
ALGER GROWTH Mutual Fund volatility depicts how high the prices fluctuate around the mean (or its average) price. In other words, it is a statistical measure of the distribution of ALGER daily returns, and it is calculated using variance and standard deviation.
ALGER |
Volatility Strategy
Alger Growth Income price volatility may influence cost basis positioning and portfolio weighting over time. Price retracements and recoveries can alter allocation balance. Current statistical measures show total volatility near 0.75% with a beta coefficient of -0.24, indicating sensitivity relative to the broader market benchmark. Risk-adjusted efficiency, represented by a Sharpe ratio of 0.0132, evaluates return per unit of total risk. An alpha value of -0.009705 reflects performance relative to systematic market exposure. Expected return estimates near 0.0099% are derived from historical distribution modeling and help frame forward-looking return assumptions within a portfolio context. Volatility effects depend on underlying market structure and exposure characteristics.
Main indicators related to ALGER GROWTH's market risk premium analysis include:
Beta -0.24 | Alpha -0.01 | Risk 0.75 | Sharpe Ratio 0.0132 | Expected Return 0.0099 |
Moving together with ALGER Mutual Fund
| 0.64 | GPMFX | Guidepath Managed Futures | PairCorr |
| 0.72 | PQTAX | PIMCO Trends Managed | PairCorr |
| 0.71 | PQTNX | PIMCO Trends Managed | PairCorr |
| 0.72 | PQTIX | Aa Pimco Tr | PairCorr |
| 0.77 | CCD | Calamos Dynamic | PairCorr |
| 0.68 | FELAX | Fidelity Advisor | PairCorr |
| 0.83 | USWGX | World Growth | PairCorr |
| 0.82 | VTPSX | Vanguard Total | PairCorr |
| 0.63 | PG | Procter Gamble | PairCorr |
Sensitivity To Market
ALGER GROWTH beta coefficient measures the volatility of ALGER mutual fund relative to the systematic risk of the overall market benchmark. Mathematically, beta represents the slope of the regression line comparing ALGER returns against market returns. A beta of -0.24 indicates the degree of sensitivity to market-wide movements. Current total volatility is approximately 0.75%.Alger Growth Income has shown noticeable price swings over the selected period. Downside deviation is about 0.86% and standard deviation is about 0.75%, which summarize how widely returns have moved. Funds with more equity exposure typically show higher volatility than more bond-heavy funds.
3 Months Beta |Analyze Alger Growth Income Demand TrendCheck current 90 days ALGER GROWTH correlation with market (Dow Jones Industrial)Downside Risk
ALGER standard deviation measures the daily dispersion of prices over your selected time horizon relative to its mean. A typical volatile entity has a high standard deviation, while the deviation of a stable instrument is usually low.
Standard Deviation | 0.75 |
It is essential to understand the difference between upside risk (as represented by ALGER GROWTH's standard deviation) and the downside risk, which can be measured by semi-deviation or downside deviation of ALGER GROWTH's daily returns or price. Alger Growth Income (ALBAX) recorded a Downside Deviation of 0.86, a Downside Variance of 0.74, and a Maximum Drawdown of 3.55.
Mutual Fund Volatility Analysis
Volatility refers to the frequency at which ALGER GROWTH fund price increases or decreases within a specified period. These fluctuations usually indicate the level of risk that's associated with ALGER GROWTH's price changes.
Transformation |
This analysis covers sixty-one data points across the selected time horizon. Alger Growth Income Average Price is the average of the sum of open, high, low and close daily prices of a bar. It can be used to smooth an indicator that normally takes just the closing price as input.
Projected Return Density Against Market
Assuming a 90-day horizon Alger Growth Income has a beta of -0.2361 . This suggests that as returns on the benchmark increase, returns on ALGER GROWTH tend to move in the opposite direction, though by a smaller magnitude. During a bear market, however, Alger Growth Income is likely to outperform the market.ALGER GROWTH is exposed to both systematic and unsystematic risk. Systematic risk reflects broader mutual fund market movements, while company or sector-specific developments represent nonmarket drivers. Diversification may reduce specific risk, but market exposure remains. Beta and standard deviation help quantify volatility. Alger Growth Income (ALBAX) recorded a Downside Deviation of 0.86, a Mean Deviation of 0.57, and a Semi Deviation of 0.79.
Predicted Return Density |
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What Drives ALGER GROWTH's Price Volatility?
Several factors can influence ALGER GROWTH's market volatility:Industry Dynamics
Sector-level events can directly affect ALGER GROWTH's price stability. Regulatory changes, supply disruptions, or shifts in demand within ALGER GROWTH's industry may create volatility even when the broader market is calm. Competitive dynamics and industry consolidation can also amplify price swings for companies like ALGER GROWTH.Political and Economic Environment
Macroeconomic conditions and policy decisions shape the backdrop for ALGER GROWTH's price movements. Interest rate changes, trade policy shifts, and fiscal legislation can all alter investor sentiment toward ALGER GROWTH. During periods of economic expansion, ALGER GROWTH's price tends to benefit from broader market optimism, while downturns can amplify selling pressure.ALGER GROWTH's Company-Specific Factors
Volatility can also stem from events unique to ALGER GROWTH. Earnings surprises, management changes, product launches, or legal developments may trigger sharp price reactions in ALGER GROWTH's stock. Conversely, operational setbacks, guidance revisions, or data breaches can weigh on ALGER GROWTH's share price.Mutual Fund Risk Measures
Assuming a 90-day horizon the coefficient of variation of ALGER GROWTH is 7563.32. The daily returns are distributed with a variance of 0.57 and standard deviation of 0.75. The mean deviation of Alger Growth Income is currently at 0.57. For similar time horizon, the selected benchmark (Dow Jones Industrial) has volatility of 0.79
α | Alpha over Dow Jones | -0.0097 | |
β | Beta against Dow Jones | -0.2361 | |
σ | Overall volatility | 0.75 | |
Ir | Information ratio | 0.05 |
Mutual Fund Return Volatility
ALGER GROWTH historical daily return volatility represents how much of ALGER GROWTH fund's daily returns swing around its mean - it is a statistical measure of its dispersion of returns. The fund reported 0.7519% volatility on return distribution over a 90-day investment horizon. By contrast, Dow Jones Industrial has volatility of 0.7948% on return distribution over a 90-day investment horizon. Performance |
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Related Correlations Analysis
| 0.96 | 0.97 | 0.6 | 0.84 | 0.8 | 0.4 | EVFCX | ||
| 0.96 | 0.96 | 0.43 | 0.78 | 0.73 | 0.22 | CFAIX | ||
| 0.97 | 0.96 | 0.6 | 0.85 | 0.81 | 0.42 | TAAJX | ||
| 0.6 | 0.43 | 0.6 | 0.75 | 0.86 | 0.95 | FSMJX | ||
| 0.84 | 0.78 | 0.85 | 0.75 | 0.89 | 0.61 | JALRX | ||
| 0.8 | 0.73 | 0.81 | 0.86 | 0.89 | 0.74 | MDBLX | ||
| 0.4 | 0.22 | 0.42 | 0.95 | 0.61 | 0.74 | TFCAX | ||
Risk-Adjusted Indicators
There is a big difference between ALGER Mutual Fund performing well and ALGER GROWTH Mutual Fund doing well as a business compared to the competition. There are so many exceptions to the norm that investors cannot definitively determine what's good or bad unless they analyze ALGER GROWTH's multiple risk-adjusted performance indicators across the competitive landscape. These indicators are quantitative in nature and help investors forecast volatility and risk-adjusted expected returns across various positions.| Mean Deviation | Jensen Alpha | Sortino Ratio | Treynor Ratio | Semi Deviation | Expected Shortfall | Potential Upside | Value @Risk | Maximum Drawdown | ||
|---|---|---|---|---|---|---|---|---|---|---|
| EVFCX | 0.29 | 0.01 | 0.08 | -0.01 | 0.38 | 0.58 | 2.02 | |||
| CFAIX | 0.24 | 0.00 | 0.00 | -0.04 | 0.00 | 0.43 | 1.68 | |||
| TAAJX | 0.29 | 0.01 | 0.09 | 0.00 | 0.40 | 0.70 | 1.83 | |||
| FSMJX | 0.03 | 0.00 | 0.00 | 0.31 | 0.00 | 0.10 | 0.40 | |||
| JALRX | 0.17 | -0.01 | 0.11 | 0.20 | 0.23 | 0.40 | 1.13 | |||
| MDBLX | 0.13 | 0.00 | 0.21 | 0.11 | 0.09 | 0.24 | 0.71 | |||
| TFCAX | 0.01 | 0.00 | 0.00 | -0.44 | 0.00 | 0.00 | 0.20 |
Risk Metrics, Assumptions & Methodology
Volatility for ALGER GROWTH reflects NAV dispersion and exposure stability across disclosure periods. Higher dispersion implies wider price swings across observed periods.
Unless otherwise specified, data for Alger Growth Income is compiled from fund disclosures and market reference feeds and standardized for comparability. Updates may occur throughout the day. Volatility and downside metrics are estimated from historical return dispersion.
This content is curated and reviewed by:
Ellen Johnson - Member of Macroaxis Editorial BoardALGER GROWTH Investment Opportunity
Measured over the selected horizon, Dow Jones Industrial carries roughly 1.05 times the return volatility of Alger Growth Income. The lower-risk profile may improve diversification efficiency, but it still needs to be judged against return quality and market sensitivity.You can use Alger Growth Income to protect your portfolios against small market fluctuations. This move summary looks at how the current session may translate into a basic near-term setup. It is most useful when combined with broader risk controls and position-sizing discipline. a moderate downward daily trend and can be a good diversifier. Check odds of ALGER GROWTH to be traded at $89.23 in 90 days.Poor diversification
Across the chosen horizon, ALBAX and DJI show a correlation of 0.61 and fall into the Poor diversification bucket. The cleaner interpretation is to review correlation beside volatility, expected return, and the role each holding plays in the portfolio.
ALGER GROWTH Additional Risk Indicators
Looking at additional risk metrics for Alger Growth Income helps investors judge how the position may behave under different market and portfolio conditions. The stronger process compares similar securities with comparable growth and valuation context before ranking one as more or less risky.
| Risk Adjusted Performance | 0.0099 | |||
| Market Risk Adjusted Performance | 0.0102 | |||
| Mean Deviation | 0.5698 | |||
| Semi Deviation | 0.7928 | |||
| Downside Deviation | 0.8585 | |||
| Coefficient Of Variation | 7563.32 | |||
| Standard Deviation | 0.7519 |
ALGER GROWTH Suggested Diversification Pairs
Pair analysis around Alger Growth Income matters because it can turn one security idea into a more market-neutral structure. A disciplined pair strategy still requires monitoring because correlation can weaken when market regimes change.
The effect of pair diversification on risk is to reduce it, but we should note this doesn't apply to all risk types. When we trade pairs against ALGER GROWTH as a counterpart, there is always some inherent risk that will never be diversified away no matter what. This volatility limits the effect of tactical diversification using pair trading. ALGER GROWTH's systematic risk is the inherent uncertainty of the entire market, and therefore cannot be mitigated even by pair-trading it against the equity that is not highly correlated to it. On the other hand, ALGER GROWTH's unsystematic risk describes the types of risk that we can protect against, at least to some degree, by selecting a matching pair that is not perfectly correlated to Alger Growth Income.