Direxion Daily TSM Bear 1X Shares (TSMZ)
22.69
+0.14
(+0.62%)
USD |
NASDAQ |
Nov 04, 16:00
22.72
+0.03
(+0.12%)
Pre-Market: 20:00
TSMZ 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 |
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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 (Since Inception) Range, Past 5 Years
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Maximum
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Average
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Median