Weighted Alpha +88.49 Key Takeaways
Post# of 85484
Key Takeaways
Weighted alpha measures the performance of a security over a certain period, usually a year, with more importance given to recent activity.
A positive weighted alpha shows that the security produced a return greater than the benchmark, a negative measure indicates the converse, and one to zero implies that the security had returns on par with the benchmark.
Weighted alpha can identify companies that have shown a strong trend over the past year and, more specifically, companies whose momentum is building.