Alger International Correlations

Mutual Funds . USA . 
Fund . Alger International Growth
AFGPX Fund  USD 18.60  0.12  0.64%   
The current 90-days correlation between Alger International and Baron Select Funds is 0.83 (i.e., Very poor diversification). The correlation of Alger International is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak. If the correlation is 0, the equities are not correlated; they are entirely random.

Alger International Correlation With Market

Very poor diversification

The correlation between Alger International Growth and DJI is 0.83 (i.e., Very poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Alger International Growth and DJI in the same portfolio, assuming nothing else is changed.
  
Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Alger International Growth. 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 american community survey.

Moving together with Alger Mutual Fund

  0.97AMGAX Alger Midcap Growth Potential GrowthPairCorr
  0.97AMGCX Alger Midcap Growth Potential GrowthPairCorr
  0.97AMGOX Alger Mid Cap Potential GrowthPairCorr
  0.95AOFYX Alger Small CapPairCorr
  0.95AOFIX Alger Small CapPairCorr
  0.95AOFAX Alger Small CapPairCorr
  0.95AOFCX Alger Small CapPairCorr
  0.99CHUSX Alger Global GrowthPairCorr
  0.99CHUCX Alger Global GrowthPairCorr
  0.99AAEMX Alger Emerging MarketsPairCorr
  0.97AAGOX Alger Large CapPairCorr
  0.96AAICX Alger Ai EnablersPairCorr
  0.96AAIZX Alger Ai EnablersPairCorr
  0.96AAIYX Alger Mid CapPairCorr
  0.97ASCYX Alger FundsPairCorr
  0.97ASCZX Alger Smallcap GrowthPairCorr
  0.97AASOX Alger Small CapPairCorr
  0.96ASIRX Alger Smallcap GrowthPairCorr
  0.96ASIMX Alger Smidcap FocusPairCorr
  0.96ASMZX Alger Smidcap FocusPairCorr
  0.96ASPCX Alger SpectraPairCorr
  0.96ASPZX Alger SpectraPairCorr
  0.96ASPYX Alger SpectraPairCorr
  0.96ASPIX Alger SpectraPairCorr
  0.96ASYMX Alger Weatherbie SpePairCorr
  0.96ABLOX Alger Balanced PortfolioPairCorr
  0.96ACARX Alger Capital ApprecPairCorr
  0.96ACAAX Alger Capital ApprecPairCorr
  0.96ATVPX Alger 35 FundPairCorr
  0.99ACEMX Alger Emerging MarketsPairCorr
  0.96ACIZX Alger Capital ApprecPairCorr
  0.93ADOCX Alger Dynamic OpportPairCorr
  0.94ADOZX Alger Dynamic OpportPairCorr
  0.96CNEIX Alger Concentrated EquityPairCorr
  0.96CNEYX Alger Concentrated EquityPairCorr
  0.96CNEZX Alger Concentrated EquityPairCorr
  0.99AFGZX Alger Global GrowthPairCorr
  0.99AFGIX Alger Global GrowthPairCorr

Related Correlations Analysis

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Risk-Adjusted Indicators

There is a big difference between Alger Mutual Fund performing well and Alger International 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 International'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.

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