Alpha — The excess return of an investment relative to what its beta would predict. Positive alpha means 'beat the benchmark on a risk-adjusted basis'.
Alpha is the brand promise behind IndexAlpha — the goal of multi-factor research is to identify stocks expected to deliver positive risk-adjusted excess return.
The Alpha metric shows up on every IndexAlpha research page. See it now on BRK.B — or research any stock to view its Alpha.
The excess return of an investment relative to what its beta would predict. Positive alpha means 'beat the benchmark on a risk-adjusted basis'.
Alpha is the brand promise behind IndexAlpha — the goal of multi-factor research is to identify stocks expected to deliver positive risk-adjusted excess return.