= Alpha process
{wiki=Alpha_process}
The term "Alpha process" can refer to different concepts depending on the context. Here are a few potential interpretations: 1. **Alpha Process in Finance**: In finance, an alpha process typically refers to the excess return on an investment relative to the return of a benchmark index or risk-free rate. Alpha represents the value that a portfolio manager adds over a benchmark, and is a measure of active portfolio management's effectiveness.
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