Alpha

Excess return of an asset or strategy relative to a benchmark after adjusting for risk. Positive alpha means outperformance versus the expected return from beta alone.

Category: Fundamental · Complexity: ★★★☆☆ (3/5)

Tags: macro, economic, fundamental

Alpha chart illustration

Alpha is part of the ClearPath Encyclopedia of Indicators — 184+ technical and fundamental models explained with visuals, so you can study an indicator before you put it on a live chart.

Browse the full indicator directory →