VictoryShares USAA Core Intmdt-TermBdETF (UITB)
46.67
+0.24 (+0.52%)
USD |
NYSEARCA |
Mar 31, 16:00
46.61
-0.06 (-0.12%)
After-Hours: 20:00
UITB Alpha (5Y)
Alpha (5Y) Chart
Sep '18
Jan '19
May '19
285.00
270.00
255.00
240.00
Historical Alpha (5Y) Data
| Date | Value |
|---|---|
| March 31, 2023 | -- |
| February 28, 2023 | -- |
| January 31, 2023 | -- |
| Date | Value |
|---|---|
| December 31, 2022 | -- |
| November 30, 2022 | -- |
| October 31, 2022 | -- |
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.