Ermph, maybe there is a mathematical correspondence but the connotations are different. We usually think of an algorithm in terms of the relationship between its input and its output. But determining that by inspecting the state diagram of a Turing machine is literally impossible, by a result called Rice's theorem. Are you taking a class or reading a book? Or just curious, etc. (that is fine)? What direction do you want to take this in?
A "Turing machine" is a mathematical construction that can be given a formalized definition, but "algorithm" is a jargon word that is a bit less formal and has some wiggle room. But, if you say there is an algorithm to compute X, that means (except in some special contexts) that there is a Turing machine that does it, and vice versa.
Actually nowadays "algorithm" can include steps where you generate random numbers ("roll a 6 sided die and do X with the result"). Turing machines are deterministic and that difference is sometimes significant. There is additional jargon to make this precise, that I'll skip here.