Direxion Daily Cnsmr Discret Bull 3X ETF (WANT)
30.00
+0.52
(+1.76%)
USD |
NYSEARCA |
May 31, 16:00
31.10
+1.10
(+3.67%)
Pre-Market: 20:00
WANT Alpha (vs YCharts Benchmark) (5Y)
Alpha (vs YCharts Benchmark) (5Y) Chart
Sep '18
Jan '19
May '19
285.00
270.00
255.00
240.00
Historical Alpha (vs YCharts Benchmark) (5Y) Data
Date | Value |
---|---|
May 31, 2024 | -- |
April 30, 2024 | -- |
March 31, 2024 | -- |
Date | Value |
---|---|
February 29, 2024 | -- |
January 31, 2024 | -- |
Alpha Definition
Alpha measures the excess return that a security provides. Alpha can be measured by taking Risk Adjusted Security Return - Beta*(Risk Adjusted Market Return). This formula will return the outperformance that the security provides. Alpha is an important metric for active investing, where investors look for outperforming a particular benchmark.