Nova Minerals Ltd (NVA)
12.60
+0.68
(+5.70%)
USD |
NASDAQ |
Dec 20, 16:00
13.15
+0.55
(+4.37%)
After-Hours: 20:00
Nova Minerals Alpha (5Y)
Alpha (5Y) 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 (5Y) Range, Past 5 Years
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