Defiance Daily Target 2X Long ORCL ETF (ORCX)
17.86
+1.59
(+9.77%)
USD |
NASDAQ |
Jan 09, 16:00
17.70
-0.16
(-0.90%)
After-Hours: 20:00
ORCX 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
--
Minimum
--
Maximum
--
Average
--
Median