Direxion Daily Gold Miners Index Bull 2X Shares (NUGT)
36.22
-0.10
(-0.28%)
USD |
NYSEARCA |
Dec 24, 16:00
NUGT 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
--
Minimum
--
Maximum
--
Average
--
Median