Direxion Daily S&P 500 Bull 3X ETF (SPXL)
189.14
+4.25
(+2.30%)
USD |
NYSEARCA |
Apr 01, 16:00
179.77
-9.37
(-4.95%)
Pre-Market: 08:06
SPXL 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