LONDON — (Marketwire) — 02/26/13 — StatPro Group plc (AIM: SOG), a global leader in and reporting services today announces that , in addition to existing top-down attribution, now offers bottom-up, stock-level attribution. The new dashboard empowers stock-pickers to visualize the effectiveness of their investment strategy, breaking down the performance against the benchmark into the following effects:
Additions: performance generated by the selection of stocks outside the benchmark
Exclusions: performance coming from decisions of excluding stocks in the benchmark
Overweight: results of overweighting stocks belonging to the benchmark
Underweight: effect of underweighting decisions
This enhances the existing top-down in StatPro Revolution looking at the allocation and selection effect at the sector or currency level. The new dashboard graphically presents the five top and bottom decisions for each of the above effects, letting stock-pickers easily understand and explain what investment decisions made a difference. A separate table view enables further analysis into details of all the securities in portfolio and benchmark.
The analysis can also be used to compare the same portfolio over two different dates, investigating the added value brought by stock-picking decisions in the selected period.
The analysis utilizes the classical Brinson-Fachler model of decomposing portfolio relative return into allocation and selection+interaction effects.
The trend chart shows what percentage of the portfolio was actively managed, and how big the overlap with the benchmark was.
, Group CEO, StatPro states: “We believe that no stock-level attribution product has ever provided such a clear view of the real impacts on a portfolio from stock-picking decisions. This will really help our clients explain their investment decisions to their investors, improving communications, increasing transparency and building trust. As StatPro Revolution is cloud-based, this new dashboard is already available to all our clients at no extra cost and no upgrade effort. Our clients are able to benefit from new features added every six to eight weeks.”
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StatPro is a global provider of portfolio analytics for the investment community. We provide analysis of portfolio performance, attribution and risk. Hundreds of investment professionals use our cloud services to perform sophisticated analysis, reporting and distribution every day.
Rachael Cooper
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