Fidelity MSCI Energy Index ETF (FENY)
23.17
+0.03
(+0.13%)
USD |
NYSEARCA |
Dec 20, 16:00
23.40
+0.23
(+0.99%)
After-Hours: 20:00
FENY Alpha (Since Inception)
Alpha (Since Inception) 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 (Since Inception) Range, Past 5 Years
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Median