NYLI Cleaner Transport ETF (CLNR)

22.92 0.00 (0.00%) USD  |  NYSEARCA  |  Nov 15, 16:00
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CLNR Alpha (vs YCharts Benchmark) (3Y)

Alpha (vs YCharts Benchmark) (3Y) Chart

View Alpha (vs YCharts Benchmark) (3Y) for CLNR.
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Sep '18
Jan '19
May '19
 
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Historical Alpha (vs YCharts Benchmark) (3Y) Data

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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.

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Alpha (vs YCharts Benchmark) (3Y) Range, Past 5 Years

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Alpha (vs YCharts Benchmark) (3Y) Benchmarks

Pacer Industrials and Logistics ETF --
iShares Global Industrials ETF Upgrade
The Industrial Select Sector SPDR® ETF Upgrade
iShares US Industrials ETF Upgrade
US Global Sea to Sky Cargo ETF --

Alpha (vs YCharts Benchmark) (3Y) Related Metrics

Beta (3Y) Upgrade
Beta (vs YCharts Benchmark) (3Y) Upgrade
Annualized Standard Deviation of Monthly Returns (3Y Lookback) Upgrade
Max Drawdown (3Y) Upgrade
Monthly Value at Risk (VaR) 5% (3Y Lookback) Upgrade