Alpha (Α, α) is the first letter of the Greek Alphabet. It often symbolizes beginnings, dominance, or a primary, foundational element, representing the start of a Sequence.
In Finance
In finance, alpha is a measure of an investment's performance relative to a benchmark index. It represents the excess return achieved by an investment manager or strategy compared to the market average, after adjusting for risk. A positive alpha indicates outperformance, while a negative alpha indicates underperformance.
