Direxion Daily Uranium Bull 2X ETF (URAA)
19.92
+1.64
(+8.97%)
USD |
NYSEARCA |
Sep 20, 16:00
19.73
-0.19
(-0.95%)
After-Hours: 20:00
URAA 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 |
---|---|
August 31, 2024 | -- |
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.