Direxion Daily Small Cap Bear 3x Shares (TZA)
6.20
+0.21
(+3.51%)
USD |
NYSEARCA |
Jan 20, 16:00
6.17
-0.03
(-0.48%)
After-Hours: 06:21
TZA Alpha (3Y)
Alpha (3Y) 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 (3Y) Range, Past 5 Years
--
Minimum
--
Maximum
--
Average
--
Median