First Trust Bloomberg R&D Leaders ETF (RND)

24.24 +0.02 (+0.06%) USD  |  NYSEARCA  |  Nov 25, 16:00
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RND Alpha (5Y)

Alpha (5Y) Chart

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Sep '18
Jan '19
May '19
 
285.00
270.00
255.00
240.00

Historical Alpha (5Y) Data

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Date Value

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.

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Alpha (5Y) Range, Past 5 Years

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Alpha (5Y) Benchmarks

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