# A B C D E F G H I J K L M N O P Q R S T U V W X Y Z
Best Fit Alpha

This is the alpha of the fund relative to its Best Fit Index.

Alpha is a measure of the difference between a fund's actual returns and its expected performance given its level of risk as measured by beta.

A positive alpha figure indicates the fund has performed better than its beta would predict. In contrast, a negative alpha indicates the fund has underperformed given the expectations established by its beta.

See also Alpha, Best Fit Index.

 

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