PGIM Municipal Income Opportunities ETF (PMIO)
51.07
+0.22
(+0.42%)
USD |
NYSEARCA |
Nov 22, 16:00
PMIO Alpha (vs YCharts Benchmark) (Since Inception)
Alpha (vs YCharts Benchmark) (Since Inception) Chart
Sep '18
Jan '19
May '19
285.00
270.00
255.00
240.00
Historical Alpha (vs YCharts Benchmark) (Since Inception) Data
| Date | Value |
|---|---|
| October 31, 2024 | -- |
| September 30, 2024 | -- |
| Date | Value |
|---|---|
| August 31, 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.