Direxion Daily Small Cap Bull 3x Shares (TNA)
43.87
-1.65
(-3.62%)
USD |
NYSEARCA |
Feb 07, 16:00
44.66
+0.79
(+1.80%)
Pre-Market: 08:48
TNA 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
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