Direxion Daily Cld Cmptng Bl 2X Shs ETF (CLDL)
13.99
-0.59
(-4.05%)
USD |
NYSEARCA |
Nov 15, 16:00
13.80
-0.19
(-1.36%)
After-Hours: 20:00
CLDL 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 |
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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 (vs YCharts Benchmark) (5Y) Range, Past 5 Years
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