阿爾法
alpha
如果市場收益等於短期國庫債券的利率,一筆基金的溢價將被預期為零。一個正的阿爾法表明某投資者所獲平均溢價高於預期的市場可得水平。一個負的阿爾法意味著該投資者接受的基金所獲平均溢價低於預期的市場可得水平。
If the market revenue equals treasury bills interest rates, a premium fund will be expected to be zero. A positive alpha indicates that an average premium investors received higher than expected levels of market available. A negative alpha means that the investors to accept fund received an average premium lower than expected market availability levels.