Direxion Daily Technology Bear 3x Shares (TECS)
17.72
+1.43
(+8.78%)
USD |
NYSEARCA |
Dec 12, 16:00
17.82
+0.10
(+0.56%)
After-Hours: 20:00
TECS 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