Alpha
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Definition:
A coefficient which measures risk-adjusted performance, factoring in the risk due to the specific security, rather than the overall market. A high value for alpha implies that the stock or mutual fund has performed better than would have been expected given its beta (volatility).
Related Concepts:Appraisal Ratio
Capital Asset Pricing Model
Risk-adjusted Performance
Sharpe Ratio
Standard Deviation
Volatility
Available Positions Related to Alpha:Asset & Investment Management jobs
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