Picton Mahoney Fortified Inc Alt ETF (PFIA.TO)
10.03
+0.05
(+0.50%)
CAD |
TSX |
Nov 15, 15:10
PFIA.TO 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 |
|---|---|
| September 30, 2024 | -- |
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.