Alpha is?
Understand the Problem
The question is asking for a definition or explanation of the term 'Alpha' in a specific context, likely related to finance or leadership. It presents three possible definitions that need evaluation.
Answer
Excess return
The final answer is excess return.
Answer for screen readers
The final answer is excess return.
More Information
In finance, 'alpha' refers to the excess return of an investment relative to the return of a benchmark index, indicating outperformance.
Tips
Ensure the context of 'alpha' being discussed is clear, as it can have different meanings in finance, science, etc.
Sources
- Alpha: Its Meaning in Investing, With Examples - Investopedia - investopedia.com
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