Global X E-commerce ETF (EBIZ)
32.92
-0.24
(-0.72%)
USD |
NASDAQ |
Jan 23, 16:00
32.94
+0.02
(+0.05%)
After-Hours: 20:00
EBIZ Alpha (15Y)
Alpha (15Y) 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 (15Y) Range, Past 5 Years
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