Alger Funds Total Risk Alpha

AFOZX Fund  USD 18.63  0.43  2.36%   
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Alger Funds Mid has current Total Risk Alpha of 0.1799. The total risk alpha measures the performance of an asset by comparing its returns with those of a selected benchmark portfolio.

Total Risk Alpha

 = 

RFR + (ER[b] - ER[a])

x

STD[a] / STD[b]

 = 
0.1799
ER[a] = Expected return on investing in Alger Funds
ER[b] = Expected return on market index or selected benchmark
STD[a] =   Standard Deviation of returns on Alger Funds
STD[b] = Standard Deviation of selected market or benchmark
RFR = Risk Free Rate of return. Typically T-Bill Rate

Alger Funds Total Risk Alpha Peers Comparison

Alger Total Risk Alpha Relative To Other Indicators

Alger Funds Mid is the top fund in total risk alpha among similar funds. It is currently under evaluation in maximum drawdown among similar funds reporting about  44.93  of Maximum Drawdown per Total Risk Alpha. The ratio of Maximum Drawdown to Total Risk Alpha for Alger Funds Mid is roughly  44.93 
The benchmark portfolio represents the market risk matched to the total risk of the stock ETF or fund.
Compare Alger Funds to Peers

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