Direxion Daily CSI China Internet Idx Bull 2X Shs (CWEB)
34.69
+0.37
(+1.08%)
USD |
NYSEARCA |
Dec 20, 16:00
34.82
+0.13
(+0.37%)
After-Hours: 20:00
CWEB 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
--
Minimum
--
Maximum
--
Average
--
Median