How do I read the graph that accompanies the attribution “by Sector” data?
When viewing the report, there are a couple of key points to understand. The graph may appear confusing at first, but once defined it provides a simple summary of the attribution data. The orange bars demonstrate how much of your portfolio was allocated to a particular sector at the beginning of the given period. The blue and green floating bars represent the range of returns that were likely for each sector over the given period. These bars are known as Portfolio Opportunity Distributions (PODs)- see “What are Portfolio Opportunity Distributions (PODs)” for a definition. Finally, the gray circle represents the actual return for your portfolio in a particular sector for the given period. You can easily see how well you performed versus what you might have been expected to do, given your sector orientation. In all, you would like to see your circle appear near the top half of the POD, or even above it. This shows you that your stock selection is high- or more simply, it says that you ar
