# Alpha

*Risk & Portfolio — Finicade finance glossary*

The return a manager delivers beyond what their market risk (beta) would explain — genuine skill, if it's real and repeatable. Most managers fail to produce it after fees.

**Related terms:** [Beta](https://finicade.com/glossary/beta), [CAPM (Capital Asset Pricing Model)](https://finicade.com/glossary/capm), [Information Ratio](https://finicade.com/glossary/information-ratio)

Source: https://finicade.com/glossary/alpha