Fidelity Enhanced International ETF (FENI)
29.20
+0.25
(+0.86%)
USD |
NYSEARCA |
May 31, 16:00
29.05
-0.15
(-0.51%)
After-Hours: 20:00
FENI Alpha (Since Inception)
Alpha (Since Inception) Chart
Sep '18
Jan '19
May '19
285.00
270.00
255.00
240.00
Historical Alpha (Since Inception) Data
Date | Value |
---|---|
May 31, 2024 | -- |
April 30, 2024 | -- |
March 31, 2024 | -- |
Date | Value |
---|---|
February 29, 2024 | -- |
January 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.