Fidelity Canadian Monthly High Inc ETF (FCMI.TO)
11.84 0.00 (0.00%) CAD | TSX | Jun 09, 16:00
FCMI.TO Alpha (5Y)
Alpha (5Y) Chart
Historical Alpha (5Y) Data
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 (5Y) Range, Past 5 Years