SPDR® Kensho Clean Power ETF (CNRG)
57.97
-0.47
(-0.81%)
USD |
NYSEARCA |
Apr 25, 16:00
58.07
+0.10
(+0.17%)
After-Hours: 20:00
CNRG Alpha (5Y)
Alpha (5Y) Chart
Sep '18
Jan '19
May '19
285.00
270.00
255.00
240.00
Historical Alpha (5Y) Data
Date | Value |
---|---|
March 31, 2024 | -- |
February 29, 2024 | -- |
Date | Value |
---|---|
January 31, 2024 | -- |
December 31, 2023 | -- |
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.