Invesco Dorsey Wright Industrials Momentum ETF (PRN)
176.67
-1.62
(-0.91%)
USD |
NASDAQ |
Dec 30, 16:00
178.38
+1.71
(+0.97%)
After-Hours: 20:00
PRN Alpha (5Y)
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
--
Minimum
--
Maximum
--
Average
--
Median