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Alpha is a safe space to ask questions and have conversations about life, faith and God.
It is our vision to bring on the evangelisation of the nations, the revitalisation of the church and the transformation of society. Close to two decades since, we have seen a steady increase in the number of seekers who received the good news through the Alpha program.
Welcome to Alpha. Alpha is an 11-week course that creates a space, online or in person, where people are excited to bring their friends for a conversation about faith, life and God. Try Alpha. Run Alpha.
The letter alpha represents various concepts in physics and chemistry, including alpha radiation, angular acceleration, alpha particles, alpha carbon and strength of electromagnetic interaction (as fine-structure constant).
- What Is Alpha?
- Understanding Alpha
- Applying Alpha to Investing
- Efficient Market Hypothesis
- Seeking Investment Alpha
- Example of Alpha
- Alpha Considerations
- The Bottom Line
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Alpha (α) is a term used in investing to describe an investment strategy’s ability to beat the market, or its “edge.” Alpha is thus also often referred to as excess return or the abnormal rate of returnin relation to a benchmark, when adjusted for risk. Alpha is often used in conjunction with beta (the Greek letter β), which measures the broad mark...
Alpha is one of five popular technical investment risk ratios. The others are beta, standard deviation, R-squared, and the Sharpe ratio. These are all statistical measurements used in modern portfolio theory (MPT). All of these indicators are intended to help investors determine the risk-return profile of an investment. Active portfolio managers se...
The concept of alpha became more popular with the advent of smart betaindex funds tied to indexes like the Standard & Poor’s 500 index and the Wilshire 5000 Total Market Index. These funds attempt to enhance the performance of a portfolio that tracks a targeted subset of the market. Despite the considerable desirability of alpha in a portfolio, man...
The efficient market hypothesis (EMH)postulates that market prices incorporate all available information at all times, so securities are always properly priced (the market is efficient). Therefore, according to the EMH, there is no way to systematically identify and take advantage of mispricings in the market because they do not exist. If mispricin...
Alpha is commonly used to rank active mutual funds as well as all other types of investments. It is often represented as a single number (like +3.0 or -5.0) and typically refers to a percentage measuring how the portfolio or fund performed compared to the referenced benchmark index (i.e., 3% better or 5% worse). A deeper analysis of alpha may also ...
Alpha is illustrated in the following two historical examples of a fixed-income exchange-traded fund (ETF)and an equity ETF: The iShares Convertible Bond ETF (ICVT) is a fixed-income investment with low risk. It tracks a customized index called the Bloomberg U.S. Convertible Cash Pay Bond > $250MM Index. The three-year standard deviation was 18.94%...
While alpha has been called the “holy grail” of investing, and as such receives a lot of attention from investors and advisors alike, there are a couple of important considerations that one should take into account when using alpha. 1. A basic calculation of alpha subtracts the total return of an investment from a comparable benchmark in its asset ...
The goal of an investoris to achieve the highest returns possible. Alpha is a measure of performance regarding investment returns that are better when compared to a benchmark when adjusted for risk. Active investors seek to achieve returns that are higher than a benchmark and can employ a variety of strategies to do so. Many funds, such as hedge fu...
Alpha measures how well an investment strategy or portfolio beats the market or a benchmark index, adjusted for risk. Learn how alpha is calculated, applied, and used in finance and investing, with examples and limitations.
Alpha is a resource churches use to create a space and culture where people are excited to invite their friends into a conversation about Jesus. The 12-week course and can be run almost anywhere, by Christians of all traditions – from a church to a cafe or online.
Learn the various meanings and uses of the word alpha, from the first letter of the Greek alphabet to a socially dominant person or animal. See synonyms, examples, word history, and related phrases of alpha.
