First Trust Indxx Medical Devices ETF (MDEV)
20.78
0.00 (0.00%)
USD |
BATS |
Dec 27, 16:00
20.75
-0.03
(-0.14%)
Pre-Market: 20:00
MDEV Alpha (3Y)
Alpha (3Y) 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 (3Y) Range, Past 5 Years
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