Defiance Next Gen H2 ETF (HDRO)
4.87
+0.20
(+4.28%)
USD |
NYSEARCA |
Sep 27, 16:00
4.84
-0.03
(-0.62%)
After-Hours: 20:00
HDRO Alpha (vs YCharts Benchmark) (3Y)
Alpha (vs YCharts Benchmark) (3Y) Chart
Sep '18
Jan '19
May '19
285.00
270.00
255.00
240.00
Historical Alpha (vs YCharts Benchmark) (3Y) Data
Date | Value |
---|---|
August 31, 2024 | -- |
July 31, 2024 | -- |
Date | Value |
---|---|
June 30, 2024 | -- |
May 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.