State Street SPDR Bloomberg High Yield Bond ETF (JNK)
97.92
+0.06
(+0.06%)
USD |
NYSEARCA |
Jan 22, 16:00
97.89
-0.03
(-0.03%)
After-Hours: 07:21
JNK Alpha (15Y)
Alpha (15Y) 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 (15Y) Range, Past 5 Years
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