Alger Growth Correlations

Mutual Funds . USA . 
Fund . Alger Growth Income
AIGOX Fund  USD 32.26  0.03  0.09%   
The current 90-days correlation between Alger Growth Income and Dreyfusstandish Global Fixed is 0.09 (i.e., Significant diversification). The correlation of Alger Growth 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 Growth Correlation With Market

Poor diversification

The correlation between Alger Growth Income and DJI is 0.72 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Alger Growth Income 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 Growth Income. 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 persons.

Moving together with Alger Mutual Fund

  0.95AMGAX Alger Midcap GrowthPairCorr
  0.94AMGCX Alger Midcap GrowthPairCorr
  0.94AMGOX Alger Mid CapPairCorr
  0.79AOFYX Alger Small CapPairCorr
  0.79AOFIX Alger Small CapPairCorr
  0.79AOFAX Alger Small CapPairCorr
  0.79AOFCX Alger Small CapPairCorr
  0.92CHUSX Alger Global GrowthPairCorr
  0.92CHUCX Alger Global GrowthPairCorr
  0.9AAGOX Alger Large CapPairCorr
  0.92AAICX Alger Ai EnablersPairCorr
  0.92AAIZX Alger Ai EnablersPairCorr
  0.92AAIYX Alger Mid CapPairCorr
  0.81ASCYX Alger FundsPairCorr
  0.81ASCZX Alger Smallcap GrowthPairCorr
  0.79AASOX Alger Small CapPairCorr
  0.78ASIRX Alger Smallcap GrowthPairCorr
  0.78ASIMX Alger Smidcap FocusPairCorr
  0.78ASMZX Alger Smidcap FocusPairCorr
  0.92ASPCX Alger SpectraPairCorr
  0.92ASPZX Alger SpectraPairCorr
  0.92ASPYX Alger SpectraPairCorr
  0.92ASPIX Alger SpectraPairCorr
  0.78ASYMX Alger Weatherbie SpePairCorr
  0.99ABLOX Alger Balanced PortfolioPairCorr
  0.92ACAYX Alger Capital ApprecPairCorr
  0.92ACAZX Alger Capital ApprecPairCorr
  0.92ACARX Alger Capital ApprecPairCorr
  0.92ACAAX Alger Capital ApprecPairCorr
  0.88ATVPX Alger 35 FundPairCorr
  0.92ACIZX Alger Capital ApprecPairCorr
  0.82ADOCX Alger Dynamic OpportPairCorr
  0.82ADOZX Alger Dynamic OpportPairCorr
  0.91CNEIX Alger Concentrated EquityPairCorr
  0.91CNEYX Alger Concentrated EquityPairCorr
  0.91CNEZX Alger Concentrated EquityPairCorr
  0.92AFGZX 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 Growth 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 Growth'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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