Traditional Investing & Portfolio Theory

What is alpha in investing?

Alpha is the portion of an investment's return that exceeds what its market exposure alone would explain, often used as a measure of value added beyond the benchmark. Positive alpha means outperformance relative to expected risk; negative alpha means the opposite. For example, if a benchmark returned 8 percent and a comparable portfolio returned 10 percent for the same risk, the 2 percent gap is its alpha. Alpha is descriptive of past results, not a promise of future ones. Qatobit's QSI crypto indices follow documented, rules-based methodology that investors can study rather than assume outcomes. You can read it first.

Crypto investments are subject to market risk and volatility. Past performance is not indicative of future returns. This is general information, not investment advice — consider your own circumstances or consult a qualified adviser before investing.