What is alpha in finance this week’s Nasdaq performance

This week’s Nasdaq performance illustrates alpha’s role — cloud computing ETFs posted +1.3% alpha compared to the composite index, fueled by consistent EPS beats. High-beta tech remains attractive given the Fed’s dovish tilt in recent minutes. 2. Austin Green, No. 87 Jordan Anderson Racing Chevrolet A beta that’s higher than 1 means the fund manager is taking on more risk and thus should expect greater investment returns. It’s important to separate whether any active returns above the market represent the additional risk that was taken or the fund manager’s skill. Alpha performance data from April suggests consumer discretionary funds beat benchmarks by +1.0%, driven by robust retail sales of +2.2% month-over-month. If wage growth sustains above 4%, this category may see extended alpha surges.