Fidelity Market Neutral Alternative ETF (FMNA.NO)

10.15 0.00 (0.00%) CAD  |  NEO  |  Nov 14, 16:00
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FMNA.NO Alpha (vs YCharts Benchmark) (5Y)

Alpha (vs YCharts Benchmark) (5Y) Chart

View Alpha (vs YCharts Benchmark) (5Y) for FMNA.NO.
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Sep '18
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Historical Alpha (vs YCharts Benchmark) (5Y) Data

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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.

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Alpha (vs YCharts Benchmark) (5Y) Range, Past 5 Years

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Alpha (vs YCharts Benchmark) (5Y) Benchmarks

Picton Mahoney Fortified MN Alt ETF Upgrade
AGF US Market Neutral Anti-Bt CAD-HETF --
Purpose Multi-Strategy Market Netrl ETF Upgrade
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Picton Mahoney Fortified Alpha Alt ETF --