Youdao Inc (DAO)
5.17
-0.04
(-0.77%)
USD |
NYSE |
Nov 22, 16:00
5.17
0.00 (0.00%)
After-Hours: 16:36
Youdao 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 |
|---|---|
| October 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.