Fidelity Long/Short Alternative Fund ETF Series (FLSA.NO)

11.88 +0.09 (+0.76%) CAD  |  NEO  |  Dec 24, 16:00
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FLSA.NO Beta (vs YCharts Benchmark) (Since Inception)

Beta (vs YCharts Benchmark) (Since Inception) Chart

View Beta (vs YCharts Benchmark) (Since Inception) for FLSA.NO.
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Sep '18
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Historical Data

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Beta Definition

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Beta is a risk metric that measures the risk associated with a security in comparison to the risk associated with the market overall. A beta of 1 would signify that the beta is neutral with the market. A common use of beta is within the Capital Asset Pricing Model (CAPM), to find a security's expected return.

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Beta (vs YCharts Benchmark) (Since Inception) Range, Past 5 Years

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Beta (vs YCharts Benchmark) (Since Inception) Benchmarks

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Purpose Tactical Hedged Equity ETF NCH Upgrade
BMO Long Short US Equity ETF Upgrade
Apple (AAPL) Yield Shares Purpose ETF Upgrade
Alphabet (GOOGL) Yield Shares Purpose ETF Upgrade
Global X Enhanced AllEq Asset Alloc Cov Call ETF Upgrade

Beta (vs YCharts Benchmark) (Since Inception) Related Metrics

Alpha (Since Inception) Upgrade
Beta (Since Inception) Upgrade
Alpha (vs YCharts Benchmark) (Since Inception) Upgrade
Annualized Standard Deviation of Monthly Returns (Since Inception) Upgrade
Max Drawdown (Since Inception) Upgrade
Monthly Value at Risk (VaR) 5% (Since Inception) Upgrade