This is a risk-adjusted statistic that measures the performance of an investment portfolio by taking the volatility of a managed portfolio of equities or other assets then comparing its risk-adjusted performance to a benchmark index. Alpha is the excessive return of the fund relative to the return of the benchmark index.
Alpha
This is a risk-adjusted statistic that measures the performance of an investment portfolio by taking the volatility of a managed portfolio of equities or other assets then comparing its risk-adjusted performance to a benchmark index. Alpha is the excessive return of the fund relative to the return of the benchmark index.