[vc_row full_width=”stretch_row” css_animation=”fadeInUp” el_id=”wwd” el_class=”row-1″][vc_column width=”1/6″][/vc_column][vc_column width=”2/3″][vc_row_inner][vc_column_inner width=”1/2″][bsf-info-box icon_size=”32″ el_class=”.glossary” title_font=”font_family:Lato|font_call:Lato” desc_font=”font_family:Lato|font_call:Lato|variant:300″ desc_font_style=”font-weight:300;” desc_font_size=”desktop:18px;mobile_landscape:16px;mobile:16px;” desc_font_color=”#000000″ title_font_size=”desktop:26px;mobile_landscape:22px;mobile:22px;” title_font_color=”#2aa2ff”]Allocation Effect
The percent effectiveness of an account’s financial instrument allocation to various sectors. The allocation effect determines whether the overweighting or underweighting of sectors relative to a benchmark contributes negatively or positively to an account’s overall return.

Alpha (α)
A ratio that represents risk-adjusted excess returns of the portfolio in comparison to a benchmark.

Attribution Effect
The percent effectiveness of financial instrument allocation and selection of securities on the portfolio’s performance when compared to the performance of a benchmark over a specified time period.

Benchmark
A standard against which the performance of your portfolio can be measured.

Beta (β)
A ratio that represents volatility or systematic risk of the portfolio in comparison to a benchmark.

Calmar Ratio
A ratio used to determine return versus drawdown risk.

Contribution To Return
The percent contribution of certain portfolio constituents (symbols, sectors) to the account’s overall return.

Correlation
A statistical figure that measures the interdependence between the range of returns for a specified benchmark(s) and your portfolio. A positive correlation exemplifies a strong relationship whereas a negative correlation exemplifies a weak relationship.

Cumulative Return
Geometric linking of single period returns. Cumulative return is presented as a percentage.

Downside Deviation
The standard deviation for all negative returns in your portfolio in the specific time period.

Financial Instrument
A category of investment products in your portfolio. Cash, stocks, options, futures, etc. are examples.

Information Ratio
The risk-adjusted return of a portfolio relative to a benchmark.

Max Drawdown
The largest cumulative percentage decline in the Net Asset Value of your portfolio from the highest or peak value to the lowest or trough value after the peak.

Mean Return
The average time-weighted return of your portfolio for a specified time period.

Money Weighted Return (MWR)
Money Weighted Return (MWR) is used to measure performance during the specified report period. MWR is influenced by the time of decisions to contribute or to withdraw funds, as well as the decisions made by the portfolio manager of the fund.

Negative Periods
The number of occurrences of negative performance returns. For example, if you select a monthly report with 12 months, each month with a negative return would be a negative occurrence.[/bsf-info-box][/vc_column_inner][vc_column_inner width=”1/2″][bsf-info-box icon_size=”32″ el_class=”.glossary” desc_font=”font_family:Lato|font_call:Lato|variant:300″ desc_font_style=”font-weight:300;” desc_font_size=”desktop:18px;mobile_landscape:16px;mobile:16px;” desc_font_color=”#000000″]Net Asset Value (NAV)
The total value of your account.

Peak-To-Valley
The time period during which the Max Drawdown (largest cumulative percentage decline in the NAV) occurred.

Period Return
A performance measure that calculates the return you have received over a period of time.

Positive Periods
The number of occurrences of positive performance returns. For example, if you select a monthly report with 12 months, each month with a positive return would be a positive occurrence.

Recovery
The time it took for the NAV of your account to recover from the valley (lowest NAV) back to the peak (highest NAV).

Sector
A firm’s general area of business. Financials, Communications, and Energy are all examples of sectors.

Selection Effect
A percentage that measures the ability to select securities within a sector relative to a benchmark.

Sharpe Ratio
A ratio that measures the excess return per unit of risk. The ratio is used to characterize how well the return compensates the account holder for the risk taken.

Sortino Ratio
The ratio measures the risk-adjusted return of the account. The ratio penalizes only those returns that fall below the required rate of return.

Standard Deviation
Standard deviation is a statistical measurement of variability. It shows how much variation or dispersion there is from the average.

Time Period Return
The return your portfolio has gained or lost for the specific time period. Time period performance is presented as a percentage.

Time-Weighted Return (TWR)
TWR measures the percent return produced over time independent of contributions or withdrawals. TWR eliminates the impact of the timing of inflows and outflows and isolates the portion of a portfolio’s return that is attributable solely to the account’s actions.

Tracking Error
A percentage that represents the deviations of the difference between returns of the portfolio and returns of the benchmark.

Turnover
A percentage that represents the churn of the portfolio or the percentage of the portfolio holdings that have changed over the analysis period.

Value-Added Monthly Index (VAMI)
A statistical figure that tracks the daily/monthly/quarterly performance of a hypothetical $1000 investment.[/bsf-info-box][/vc_column_inner][/vc_row_inner][/vc_column][vc_column width=”1/6″][/vc_column][/vc_row]