QTEC Alpha (5Y) Analysis

First Trust NASDAQ-100-Technology Sector Index Fd (QTEC)

239.24 -1.13 (-0.47%) USD | NASDAQ | Jan 13, 16:00

239.24 0.00 (0.00%) After-Hours: 19:30

Alpha (5Y) Chart

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Sep '18

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May '19

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270.00

255.00

240.00

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Historical Data

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Alpha Definition

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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.

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Alpha (5Y) Range, Past 5 Years

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Alpha (5Y) Benchmarks

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State Street Technology Select Sector SPDR ETF	Upgrade
Fidelity MSCI Information Technology Index ETF	Upgrade
State Street SPDR NYSE Technology ETF	Upgrade
Invesco S&P 500 Eql Wght Technology ETF	Upgrade
State Street SPDR S&P Semiconductor ETF	Upgrade

Alpha (5Y) Related Metrics

Beta (5Y)	Upgrade
Annualized Standard Deviation of Monthly Returns (5Y Lookback)	Upgrade
Historical Sharpe Ratio (5Y)	Upgrade
Historical Sortino (5Y)	Upgrade
Max Drawdown (5Y)	Upgrade
Monthly Value at Risk (VaR) 5% (5Y Lookback)	Upgrade