Direxion Daily Robo AI & Automation Ix Bl 2X Shs (UBOT)
29.14
-0.75
(-2.51%)
USD |
NYSEARCA |
Feb 27, 16:00
28.00
-1.14
(-3.91%)
After-Hours: 07:56
UBOT 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
--
Minimum
--
Maximum
--
Average
--
Median