SP Funds S&P Global Technology ETF (SPTE)
25.32
-0.03
(-0.12%)
USD |
NYSEARCA |
May 23, 16:00
25.40
+0.08
(+0.32%)
After-Hours: 20:00
SPTE 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 |
---|---|
April 30, 2024 | -- |
March 31, 2024 | -- |
Date | Value |
---|---|
February 29, 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.