Performance attribution analysis
The decomposition of a money manager's performance results to explain the reasons why those results were achieved. This analysis seeks to answer questions such as: (1) What were the major sources of added value? (2) Was short-term factor timing statistically significant? (3) Was market timing statistically significant? and (4), was security selection statistically significant?
Nearby TermsPerfectly competitive financial markets Performance Accelerated Restricted Stock Award Plans ("PARSAPs") Performance attribution analysis Performance bond Performance evaluation
Copyright © 2011 Campbell R. Harvey, Professor of Finance, Fuqua School of Business at Duke University