Fund Manager
PORTFOLIO MANAGEMENT SOFTWARE
Contact Us

Setting benchmark

Questions on using, creating, or understanding data in Fund Manager reports.

Postby galway2 » Thu Apr 24, 2008 11:30 am

Mark-

When setting the benchmark for the beta calculation, is there anyway to use an investment other than what I have, for example, the S&P500?
galway2
 
Posts: 6
Joined: Thu Apr 24, 2008 8:47 am

Postby Mark » Thu Apr 24, 2008 11:58 am

Hi galway2,

You can use any investment you want for the benchmark. Just create an investment if you don't already have it, and then assign it under "Options / Report Preferences / Benchmark".

If you want to use the S&P500, create an investment to track the S&P500. You might like to read:

http://www.fundmanagersoftware.com/faq_ ... arison.php
Thanks,
Mark
Fund Manager - Portfolio Management Software
Mark
Site Admin
 
Posts: 11253
Joined: Thu Oct 25, 2007 2:24 pm
Location: Chandler, AZ

Postby alan green » Sat May 10, 2008 6:43 am

I don't see this choice under Options or Report Preferences.
alan green
 
Posts: 33
Joined: Sun Dec 23, 2007 12:22 pm

Postby Mark » Sat May 10, 2008 11:50 am

Hi alan green,

You must be using the Professional or Advisor versions to see this option. The "Benchmark" tab in the "Report Preferences" dialog is used for calculating some of the advanced statistics like Beta, Sharpe Ratio, etc...
Thanks,
Mark
Fund Manager - Portfolio Management Software
Mark
Site Admin
 
Posts: 11253
Joined: Thu Oct 25, 2007 2:24 pm
Location: Chandler, AZ

Postby KCarlander » Thu May 22, 2008 3:36 pm

Mark,

If I create a new investment to serve as a benchmark (ie MSCI Emerging Index) and then create a report specifying it as the benchmark, the problems result that: 1) the benchmark has a $ value that is added to the portfolio and 2) the performance of the benchmark effects the calculated performance of the portfolio. Is there a way to avoid these problems and simply display the benchmark?

Kristin

Mark wrote:Hi galway2,

You can use any investment you want for the benchmark. Just create an investment if you don't already have it, and then assign it under "Options / Report Preferences / Benchmark".

If you want to use the S&P500, create an investment to track the S&P500. You might like to read:

http://www.fundmanagersoftware.com/faq_ ... arison.php
KCarlander
 
Posts: 20
Joined: Tue Apr 01, 2008 12:10 pm

Postby Mark » Thu May 22, 2008 4:00 pm

Hi Kristin,

Do you want your benchmark displayed on the report? If not, just put it in a different sub-portfolio hierarchy from what you are reporting on. Your benchmark can be assigned for calculating beta, sharpe ratio etc, while not being displayed in a report. The assigned benchmark for these calculations can be located anywhere in the sub-portfolio hierarchy.

If you do want the benchmark included on your report, but don't want it affecting overall totals, try this option:

1) Put the benchmark at the same sub-portfolio level as the sub-portfolio you want to report on. For example:

Code: Select all
Master Portfolio
  My Account 1
  <benchmark investment>


Create the report at the "Master Portfolio" level. Turn on "sub-total by sub-portfolio", and turn on the option to "Hide Totals In Footer". This will leave the benchmark and your 'My Account 1' summarized at the bottom of the report, but there is no total shown for the combination of the benchmark and your "My Account 1". The benchmark is not included in your My Account 1, and won't affect those totals.
Thanks,
Mark
Fund Manager - Portfolio Management Software
Mark
Site Admin
 
Posts: 11253
Joined: Thu Oct 25, 2007 2:24 pm
Location: Chandler, AZ


Return to Reports

Who is online

Users browsing this forum: No registered users and 10 guests

FundManagerSoftware.com | Search | Site Map | About Us | Privacy Policy
Copyright © 1993-2024 Beiley Software, Inc. All rights reserved.
cron