The meaning and definition of Alpha - Alpha combin
Post# of 351
Posted On: 03/16/2013 12:16:33 AM
The meaning and definition of Alpha -
Alpha combines the volatility that the fund's price has experienced relative to the market, and the returns the fund has generated relative to the market to define the "excess risk" of a fund. A negative Alpha means a fund has under performed its index relative to how much volatility it has shown.
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