Global X Nasdaq-100 ETF (QQQX.U.TO)
22.95
-0.05
(-0.22%)
USD |
TSX |
Nov 14, 11:16
QQQX.U.TO Alpha (Since Inception)
Alpha (Since Inception) Chart
Sep '18
Jan '19
May '19
285.00
270.00
255.00
240.00
Historical Alpha (Since Inception) Data
Date | Value |
---|---|
September 30, 2024 | -- |
August 31, 2024 | -- |
Date | Value |
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July 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.