Alger International Correlations

AIGIX Fund

USD 20.22 0.16 0.80%

The current 90-days correlation between Alger International and Small Pany Growth is 0.62 (i.e., Poor diversification). The correlation of Alger International 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 International Correlation With Market

Very weak diversification

The correlation between Alger International Growth and DJI is 0.57 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Alger International 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 International 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 gross domestic product.

Moving together with ALGER Mutual Fund

0.77	AAEMX	Alger Emerging Markets	Pair Corr
0.78	ACEMX	Alger Emerging Markets	Pair Corr
1.0	AFGPX	Alger International	Pair Corr

Moving against ALGER Mutual Fund

0.46	AOFIX	Alger Small Cap	Pair Corr
0.46	AOFAX	Alger Small Cap	Pair Corr
0.45	AMGCX	Alger Midcap Growth	Pair Corr
0.45	AOFYX	Alger Small Cap	Pair Corr
0.45	AOFCX	Alger Small Cap	Pair Corr
0.45	ASIMX	Alger Smidcap Focus	Pair Corr
0.45	ASMZX	Alger Smidcap Focus	Pair Corr
0.45	ASYMX	Alger Weatherbie Spe	Pair Corr
0.44	AMGAX	Alger Midcap Growth	Pair Corr
0.44	AMGOX	Alger Mid Cap	Pair Corr
0.42	AAGOX	Alger Large Cap	Pair Corr
0.42	AAIZX	Alger Ai Enablers	Pair Corr
0.42	ASPCX	Alger Spectra	Pair Corr
0.42	ASPZX	Alger Spectra	Pair Corr
0.42	ASPYX	Alger Spectra	Pair Corr
0.42	ASPIX	Alger Spectra	Pair Corr
0.42	ACAYX	Alger Capital Apprec	Pair Corr
0.42	ACAZX	Alger Capital Apprec	Pair Corr
0.42	ACARX	Alger Capital Apprec	Pair Corr
0.42	ACAAX	Alger Capital Apprec	Pair Corr
0.41	AAICX	Alger Ai Enablers	Pair Corr
0.49	ADOZX	Alger Dynamic Opport	Pair Corr
0.49	SPEDX	Alger Dynamic Opport	Pair Corr
0.48	ADOCX	Alger Dynamic Opport	Pair Corr
0.48	AFOIX	Alger Mid Cap	Pair Corr
0.47	AFOZX	Alger Funds Mid	Pair Corr
0.45	AGOZX	Alger Small Cap	Pair Corr
0.42	ACIZX	Alger Capital Apprec	Pair Corr
0.42	AIFIX	Salient Investment Grade	Pair Corr
0.42	AIFAX	Alger Ai Enablers	Pair Corr
0.42	SPECX	Alger Spectra	Pair Corr
0.41	ATVPX	Alger 35 Fund	Pair Corr

Related Correlations Analysis

	MSSGX	TVOYX	GPSCX	HSUAX	LANIX	TFAGX	QUAIX
MSSGX		0.93	0.94	0.89	0.85	0.87	0.88	MSSGX
TVOYX	0.93		0.97	0.91	0.93	0.92	0.95	TVOYX
GPSCX	0.94	0.97		0.86	0.87	0.87	0.9	GPSCX
HSUAX	0.89	0.91	0.86		0.97	0.98	0.96	HSUAX
LANIX	0.85	0.93	0.87	0.97		0.98	0.97	LANIX
TFAGX	0.87	0.92	0.87	0.98	0.98		0.96	TFAGX
QUAIX	0.88	0.95	0.9	0.96	0.97	0.96		QUAIX
	MSSGX	TVOYX	GPSCX	HSUAX	LANIX	TFAGX	QUAIX

Click cells to compare fundamentals

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Risk-Adjusted Indicators

There is a big difference between ALGER Mutual Fund performing well and Alger International 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 International'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
MSSGX	1.47	0.38	0.28	0.36	1.17	(1.77)	3.46	(2.26)	7.23
TVOYX	0.79	(0.01)	0.03	0.11	0.67	(0.96)	1.70	(1.42)	6.73
GPSCX	1.08	0.06	0.07	0.16	1.10	(1.21)	2.33	(1.84)	5.55
HSUAX	0.72	0.05	0.06	0.17	0.71	(0.85)	1.43	(1.41)	4.58
LANIX	0.50	(0.02)	(0.07)	0.09	0.55	(0.55)	0.99	(0.87)	3.06
TFAGX	0.60	(0.02)	(0.03)	0.09	0.82	(0.64)	1.32	(1.38)	4.35
QUAIX	0.94	0.02	0.05	0.13	1.03	(1.00)	1.92	(2.14)	6.76

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