First Trust Indxx Global Mdcl Dvcs ETF (MDEV)
21.47
+0.30
(+1.40%)
USD |
BATS |
Nov 01, 16:00
MDEV 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 |
|---|---|
| September 30, 2024 | -- |
| Date | Value |
|---|---|
| August 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.