Alger Smallcap Correlations

Mutual Funds . USA . 
Fund . Alger Smallcap Growth
AGSCX Fund  USD 6.14  0.02  0.33%   
The current 90-days correlation between Alger Smallcap Growth and Alger Midcap Growth is 0.96 (i.e., Almost no diversification). The correlation of Alger Smallcap 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 Smallcap Correlation With Market

Good diversification

The correlation between Alger Smallcap Growth and DJI is -0.11 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Alger Smallcap 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 Smallcap 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 main economic indicators.

Moving together with Alger Mutual Fund

  0.99AMGAX Alger Midcap GrowthPairCorr
  0.99AMGCX Alger Midcap GrowthPairCorr
  0.96AMGOX Alger Mid CapPairCorr
  0.62AOFIX Alger Small CapPairCorr
  0.99AOFAX Alger Small CapPairCorr
  0.62AOFCX Alger Small CapPairCorr
  0.98CHUSX Alger Global GrowthPairCorr
  0.95CHUCX Alger Global GrowthPairCorr
  0.98AAEMX Alger Emerging MarketsPairCorr
  0.73AAGOX Alger Large CapPairCorr
  0.72AAIYX Alger Mid CapPairCorr
  0.61ASCZX Alger Smallcap GrowthPairCorr
  0.71AASOX Alger Small CapPairCorr
  0.94ASIMX Alger Smidcap FocusPairCorr
  0.66ASMZX Alger Smidcap FocusPairCorr
  0.96ASPCX Alger SpectraPairCorr
  0.96ASPZX Alger SpectraPairCorr
  0.73ASPYX Alger SpectraPairCorr
  0.96ASPIX Alger SpectraPairCorr
  0.67ABLOX Alger Balanced PortfolioPairCorr
  0.71ACAYX Alger Capital ApprecPairCorr
  0.72ACAZX Alger Capital ApprecPairCorr
  0.72ACARX Alger Capital ApprecPairCorr
  0.63ACAAX Alger Capital ApprecPairCorr
  0.99ATVPX Alger 35 FundPairCorr
  0.99ACIZX Alger Capital ApprecPairCorr
  0.96ADOCX Alger Dynamic Opport Potential GrowthPairCorr
  0.96ADOZX Alger Dynamic Opport Potential GrowthPairCorr
  0.99CNEIX Alger Concentrated EquityPairCorr
  0.99CNEYX Alger Concentrated EquityPairCorr
  0.99CNEZX Alger Concentrated EquityPairCorr
  0.63AFGZX Alger Global GrowthPairCorr
  0.71AFGPX Alger InternationalPairCorr
  0.97AFOIX Alger Mid CapPairCorr
  0.97AFOZX Alger Funds MidPairCorr
  0.67AGIZX Alger Growth IncomePairCorr
  0.7AGOZX Alger Small CapPairCorr
  0.72AHSCX Alger Health SciencesPairCorr
  0.7AHSAX Alger Health SciencesPairCorr

Related Correlations Analysis

Click cells to compare fundamentals   Check Volatility   Backtest Portfolio

Risk-Adjusted Indicators

There is a big difference between Alger Mutual Fund performing well and Alger Smallcap 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 Smallcap'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 DeviationJensen AlphaSortino RatioTreynor RatioSemi DeviationExpected ShortfallPotential UpsideValue @RiskMaximum Drawdown
AMGAX  1.29  0.28  0.08 (2.23) 1.92 
(1.27)
 2.62 
(2.97)
 14.35 
AMGCX  1.29  0.28  0.08 (2.13) 1.89 
(1.27)
 2.60 
(3.10)
 14.33 
AMGOX  1.28  0.14  0.06  0.19  2.02 
(1.22)
 2.67 
(3.05)
 14.60 
AOFYX  1.47  0.22  0.06 (1.48) 1.80 
(1.63)
 2.80 
(2.89)
 14.79 
AOFIX  1.13  0.27  0.18  0.70  0.93 
(1.33)
 2.61 
(2.11)
 6.55 
AOFAX  1.51  0.22  0.06 (1.46) 1.85 
(1.67)
 2.81 
(2.88)
 14.94 
AOFCX  1.13  0.28  0.17  0.77  0.94 
(1.28)
 2.61 
(2.11)
 6.66 
CHUSX  1.02  0.24  0.08 (4.39) 1.57 
(1.06)
 2.09 
(1.61)
 12.90 
CHUCX  0.99  0.14  0.07  0.20  1.56 
(1.03)
 2.05 
(1.60)
 12.82 
AAEMX  0.82  0.16  0.05 (7.54) 1.13 
(0.93)
 2.12 
(1.67)
 7.58 

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions
 
Feedback Blog
Made with optimal in San Francisco
2025 Macroaxis LLC
COMMON DESTINATIONS
MAIN CATEGORIES
COMPANY