ETRACS 2xMonthly Pay Lvrgd Pref Stk ETN (PFFL)
9.61
+0.21
(+2.19%)
USD |
NYSEARCA |
Apr 23, 14:31
PFFL Alpha (5Y)
Alpha (5Y) Chart
Sep '18
Jan '19
May '19
285.00
270.00
255.00
240.00
Historical Alpha (5Y) Data
Date | Value |
---|---|
March 31, 2024 | -- |
February 29, 2024 | -- |
January 31, 2024 | -- |
Date | Value |
---|---|
December 31, 2023 | -- |
November 30, 2023 | -- |
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.