Alger Midcap Related Correlations

AMCGX Fund

USD 8.53 0.17 2.03%

Generate correlation matrix for Alger Midcap and other related equities to check the degree to which Alger Midcap Growth price movement is correlated to its related entities. Use comma (,) to separate each symbol. If not specified, the peers will be provided automatically based on Macroaxis sector classification standards for Alger Midcap Growth. To filter out specific equities, please toggle its corresponding legend item. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Alger Midcap Growth. Also, note that the market value of any mutual fund could be tightly coupled with the direction of predictive economic indicators such as signals in price.

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Please note, there is a significant difference between Alger Midcap's value and its price as these two are different measures arrived at by different means. Investors typically determine if Alger Midcap is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Alger Midcap's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.

Correlations

	AOFYX	AOFIX	AOFAX	AOFCX	CHUSX	CHUCX	AAEMX
AOFYX		1.0	1.0	1.0	0.79	0.8	0.67	AOFYX
AOFIX	1.0		1.0	1.0	0.79	0.79	0.67	AOFIX
AOFAX	1.0	1.0		1.0	0.78	0.79	0.66	AOFAX
AOFCX	1.0	1.0	1.0		0.78	0.78	0.66	AOFCX
CHUSX	0.79	0.79	0.78	0.78		1.0	0.88	CHUSX
CHUCX	0.8	0.79	0.79	0.78	1.0		0.87	CHUCX
AAEMX	0.67	0.67	0.66	0.66	0.88	0.87		AAEMX
	AOFYX	AOFIX	AOFAX	AOFCX	CHUSX	CHUCX	AAEMX

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Risk-Adjusted Indicators

There is a big difference between Alger Mutual Fund performing well and Alger Midcap 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 Midcap'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
AOFYX	1.11	(0.13)	(0.04)	0.00	1.60	(1.06)	1.76	(2.26)	7.28
AOFIX	1.11	(0.13)	(0.05)	0.00	1.61	(1.06)	1.82	(2.29)	7.29
AOFAX	1.11	(0.13)	(0.05)	0.00	1.60	(1.06)	1.82	(2.31)	7.32
AOFCX	1.11	(0.13)	(0.05)	0.00	1.60	(1.05)	1.78	(2.30)	7.30
CHUSX	0.69	0.02	0.03	0.10	0.75	(0.74)	1.56	(1.19)	5.71
CHUCX	0.69	0.02	0.02	0.09	0.79	(0.73)	1.53	(1.19)	5.74
AAEMX	0.61	0.03	(0.04)	0.30	0.77	(0.68)	1.23	(1.12)	4.61

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Alger Midcap Related Correlations

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