Defiance Hotel, Airline, and Cruise ETF (CRUZ)
23.29
+0.53
(+2.35%)
USD |
NYSEARCA |
Oct 04, 16:00
23.17
-0.12
(-0.53%)
After-Hours: 20:00
CRUZ Alpha (vs YCharts Benchmark) (3Y)
Alpha (vs YCharts Benchmark) (3Y) Chart
Sep '18
Jan '19
May '19
285.00
270.00
255.00
240.00
Historical Alpha (vs YCharts Benchmark) (3Y) Data
Date | Value |
---|---|
September 30, 2024 | -- |
Date | Value |
---|---|
August 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.