Defiance Daily Target 2X Long Uranium ETF (URAX)
12.97
-0.26
(-1.97%)
USD |
NYSEARCA |
Dec 20, 16:00
13.13
+0.16
(+1.23%)
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 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 (Since Inception) Range, Past 5 Years
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Median