Direxion Daily Energy Bull 2X ETF (ERX)
95.40
-7.61
(-7.39%)
USD |
NYSEARCA |
Apr 01, 16:00
100.50
+5.10
(+5.35%)
Pre-Market: 08:20
ERX Alpha (10Y)
Alpha (10Y) 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 (10Y) Range, Past 5 Years
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