First Trust Indxx Aerospace & Defense ETF (MISL)
30.60
+0.36
(+1.19%)
USD |
NYSEARCA |
Dec 20, 16:00
30.00
-0.60
(-1.96%)
After-Hours: 20:00
MISL Alpha (Since Inception)
Alpha (Since Inception) 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 (Since Inception) Range, Past 5 Years
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