Alger Emerging Correlations
AIEMX Fund | USD 12.05 0.02 0.17% |
The current 90-days correlation between Alger Emerging Markets and Wells Fargo Diversified is 0.15 (i.e., Average diversification). The correlation of Alger Emerging 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 |
Moving together with Alger Mutual Fund
0.61 | AMGAX | Alger Midcap Growth | PairCorr |
0.62 | AMGCX | Alger Midcap Growth | PairCorr |
0.62 | AMGOX | Alger Mid Cap | PairCorr |
0.66 | AOFYX | Alger Small Cap | PairCorr |
0.63 | AOFIX | Alger Small Cap | PairCorr |
0.63 | AOFAX | Alger Small Cap | PairCorr |
0.95 | AOFCX | Alger Small Cap | PairCorr |
0.66 | AAGOX | Alger Large Cap | PairCorr |
0.98 | AAICX | Alger Ai Enablers | PairCorr |
0.66 | AAIZX | Alger Ai Enablers | PairCorr |
0.61 | ASCYX | Alger Funds | PairCorr |
0.67 | ASCZX | Alger Smallcap Growth | PairCorr |
0.62 | AASOX | Alger Small Cap | PairCorr |
0.62 | ASIMX | Alger Smidcap Focus | PairCorr |
0.61 | ASMZX | Alger Smidcap Focus | PairCorr |
0.95 | ASYMX | Alger Weatherbie Spe | PairCorr |
0.64 | ABLOX | Alger Balanced Portfolio | PairCorr |
0.98 | ACAYX | Alger Capital Apprec | PairCorr |
0.66 | ACAZX | Alger Capital Apprec | PairCorr |
0.98 | ACARX | Alger Capital Apprec | PairCorr |
0.66 | ATVPX | Alger 35 Fund | PairCorr |
0.68 | ACEMX | Alger Emerging Markets | PairCorr |
0.66 | AFGZX | Alger Global Growth | PairCorr |
0.98 | AFGPX | Alger International | PairCorr |
Related Correlations Analysis
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Risk-Adjusted Indicators
There is a big difference between Alger Mutual Fund performing well and Alger Emerging 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 Emerging'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 | ||
---|---|---|---|---|---|---|---|---|---|---|
EKBDX | 0.57 | 0.20 | 0.25 | 0.48 | 0.00 | 1.63 | 4.51 | |||
PGBAX | 0.13 | 0.04 | (0.78) | 2.55 | 0.00 | 0.34 | 0.77 | |||
ELDFX | 0.28 | 0.07 | (0.12) | 0.38 | 0.00 | 0.84 | 2.06 | |||
HIIDX | 0.49 | 0.10 | 0.01 | 0.37 | 0.25 | 1.21 | 3.13 | |||
OIDAX | 0.50 | 0.20 | (0.02) | (3.14) | 0.31 | 1.53 | 3.44 | |||
FZABX | 0.53 | 0.06 | (0.03) | 0.31 | 0.35 | 1.41 | 3.36 | |||
TBDQX | 0.72 | 0.42 | 0.28 | (3.46) | 0.00 | 2.36 | 5.23 |