Advance Auto Parts, Inc. (AAP)
40.41
-0.85
(-2.06%)
USD |
NYSE |
Dec 19, 16:00
40.61
+0.20
(+0.49%)
After-Hours: 20:00
Advance Auto Parts Alpha (Since Inception)
Alpha (Since Inception) Chart
Sep '18
Jan '19
May '19
285.00
270.00
255.00
240.00
Historical Data
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.
Alpha (Since Inception) Range, Past 5 Years
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