Direxion Daily META Bear 1X ETF (METD)
20.93
+0.23
(+1.11%)
USD |
NASDAQ |
Nov 04, 16:00
20.82
-0.11
(-0.53%)
After-Hours: 20:00
METD Alpha (Since Inception)
Alpha (Since Inception) Chart
Sep '18
Jan '19
May '19
285.00
270.00
255.00
240.00
Historical Alpha (Since Inception) 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.