ASIC 

Australian Securities and Investments Commission, regulator in Australia. 

More Information: 
https://oxsecurities.com.au/about-us/legal-documents/ 

Alpha 

A measure of performance on a risk-adjusted basis. Alpha takes the volatility (price risk) of a mutual fund and compares its risk-adjusted performance to a benchmark index. The excess return of the fund relative to the return of the benchmark index is a fund’s alpha. 

Alpha is one of five technical 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 these indicators are intended to help investors determine the risk-reward profile of a mutual fund. Simply stated, alpha is often considered to represent the value that a portfolio manager adds to or subtracts from a fund’s return. 

A positive alpha of 1.0 means the fund has outperformed its benchmark index by 1%. Correspondingly, a similar negative alpha would indicate an under performance of 1%. 

Ask 

The lowest price at which a seller is willing to sell an investment or asset at a given moment. Also known as the offer price. 

More Information: 

https://oxsecurities.com.au/trading-accounts/spreads/ 

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