Harbor Health Care ETF (MEDI)

25.19 0.00 (0.00%) USD  |  NYSEARCA  |  Dec 27, 16:00
25.01 -0.18 (-0.71%) After-Hours: 20:00
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MEDI Alpha (vs YCharts Benchmark) (3Y)

Alpha (vs YCharts Benchmark) (3Y) Chart

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Sep '18
Jan '19
May '19
 
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Historical Data

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Alpha Definition

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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) (3Y) Range, Past 5 Years

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Alpha (vs YCharts Benchmark) (3Y) Benchmarks

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