Fund Z Statistic!
"The z-statistic is used to measure a fund's discount/premium relative to its average discount/premium. Z = (Current Discount - Average Discount) / Standard Deviation of the Discount. A negative z-score indicates the current discount is lower than the average, and vice versa. The magnitude suggests whether the z-statistic is significant: For instance, a z-statistic of +2 or greater would be expected to occur less than 2.25% of the time."
Morningstar uses a 1 year and 3 year lookback period for the average and standard deviation.
This seems like a possibility because of historical NAV. Just had a pro request for it, and 2/3 AEs that I asked have said they have heard it before. It will help with obtaining and kretaining a select number of M* users.
I like this idea
requested by a prospect of lauck's
requested by a prospect of lauck's
This is a cool idea. Would like to look into this.
This is a cool idea. Would like to look into this.
So Morningstar just added this to the API and we may need to get contract approval but should be here:
Performance Data/Trailing Month End Performance/ZStatistics
http://api.morningstar.com/v2/service/mf/ZStatistics/{IdentifierType}/{Identifier}?accesscode={accesscode}
So Morningstar just added this to the API and we may need to get contract approval but should be here:
Performance Data/Trailing Month End Performance/ZStatistics
http://api.morningstar.com/v2/service/mf/ZStatistics/{IdentifierType}/{Identifier}?accesscode={accesscode}
Requested by David Kamin $10,500
Requested by David Kamin $10,500
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