Defiance Daily Target 2X Lng Uranium ETF (URAX)
15.44
-0.59
(-3.66%)
USD |
NASDAQ |
Nov 04, 16:00
15.44
0.00 (0.00%)
After-Hours: 20:00
URAX 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 |
|---|---|
| September 30, 2024 | -- |
| August 31, 2024 | -- |
| Date | Value |
|---|---|
| July 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.