Direxion Daily Small Cap Bear 3x Shares (TZA)
5.85
-0.35
(-5.65%)
USD |
NYSEARCA |
Jan 21, 16:00
5.73
-0.12
(-2.05%)
After-Hours: 05:50
TZA Alpha (10Y)
Alpha (10Y) 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 (10Y) Range, Past 5 Years
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