First Trust Nasdaq Lux Dgtl Hlth SoluETF (EKG)
16.68
+0.26
(+1.59%)
USD |
NASDAQ |
Nov 01, 16:00
EKG 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
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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 (vs YCharts Benchmark) (3Y) Range, Past 5 Years
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