XORTX Therapeutics Inc (XRTX)
1.32
+0.02
(+1.54%)
USD |
NASDAQ |
Nov 14, 16:00
1.35
+0.03
(+2.27%)
After-Hours: 20:00
XORTX Therapeutics 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 |
|---|---|
| October 31, 2024 | -- |
| September 30, 2024 | -- |
| August 31, 2024 | -- |
| July 31, 2024 | -- |
| June 30, 2024 | -- |
| Date | Value |
|---|---|
| May 31, 2024 | -- |
| April 30, 2024 | -- |
| March 31, 2024 | -- |
| February 29, 2024 | -- |
| January 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.