State Street SPDR S&P Metals & Mining ETF (XME)
109.80
-0.42
(-0.38%)
USD |
NYSEARCA |
Apr 07, 16:00
113.56
+3.76
(+3.42%)
After-Hours: 05:14
XME Alpha (5Y)
Alpha (5Y) 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 (5Y) Range, Past 5 Years
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