Alger Small Correlations

Mutual Funds . USA . 
Fund . Alger Small Cap
AOFAX Fund  USD 18.55  0.03  0.16%   
The current 90-days correlation between Alger Small Cap and Fidelity Flex Servative is -0.31 (i.e., Very good diversification). The correlation of Alger Small 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 Small Correlation With Market

Very good diversification

The correlation between Alger Small Cap and DJI is -0.29 (i.e., Very good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Alger Small Cap 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 Small Cap. 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.

Moving together with Alger Mutual Fund

  0.98AMGAX Alger Midcap Growth Potential GrowthPairCorr
  0.98AMGCX Alger Midcap Growth Potential GrowthPairCorr
  0.95AMGOX Alger Mid Cap Potential GrowthPairCorr
  1.0AOFYX Alger Small CapPairCorr
  1.0AOFIX Alger Small CapPairCorr
  1.0AOFCX Alger Small CapPairCorr
  0.94CHUCX Alger Global GrowthPairCorr
  0.97AAEMX Alger Emerging MarketsPairCorr
  0.96ASCZX Alger Smallcap GrowthPairCorr
  0.96AASOX Alger Small CapPairCorr
  0.93ASIMX Alger Smidcap FocusPairCorr
  0.96ASMZX Alger Smidcap FocusPairCorr
  0.95ASPCX Alger SpectraPairCorr
  0.95ASPZX Alger SpectraPairCorr
  0.95ASPIX Alger SpectraPairCorr
  0.96ASYMX Alger Weatherbie SpePairCorr
  0.97ACARX Alger Capital ApprecPairCorr
  0.97ACAAX Alger Capital ApprecPairCorr
  0.95ATVPX Alger 35 FundPairCorr
  0.95ACEMX Alger Emerging MarketsPairCorr
  0.97ACIZX Alger Capital ApprecPairCorr
  0.94ADOCX Alger Dynamic OpportPairCorr
  0.94ADOZX Alger Dynamic OpportPairCorr
  0.97CNEIX Alger Concentrated EquityPairCorr
  0.97CNEYX Alger Concentrated EquityPairCorr
  0.97CNEZX Alger Concentrated EquityPairCorr
  0.94AFGZX Alger Global GrowthPairCorr
  0.93AFGPX Alger InternationalPairCorr
  0.98AFOIX Alger Mid CapPairCorr
  0.98AFOZX Alger Funds MidPairCorr
  0.95AGIRX Alger Midcap Growth Potential GrowthPairCorr
  0.96AGOZX Alger Small CapPairCorr
  0.76AHSCX Alger Health SciencesPairCorr
  0.78AHSZX Alger Health SciencesPairCorr
  0.95AIGOX Alger Growth IncomePairCorr
  0.97SPECX Alger SpectraPairCorr
  0.94SPEDX Alger Dynamic OpportPairCorr
  0.98ALBAX Alger Growth IncomePairCorr
  0.95ALARX Alger Capital ApprecPairCorr

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 Small 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 Small'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.

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