Invesco Leisure and Entertainment ETF (PEJ)
46.80
-1.45
(-3.01%)
USD |
NYSEARCA |
Mar 13, 16:00
46.80
0.00 (0.00%)
After-Hours: 16:41
PEJ Alpha (5Y)
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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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