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A description of common terms used with custom benchmarks and a list of the types of custom benchmarks available using Eagle Performance follows.
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When using custom benchmarks, terminology is important to ensure clarity. The following table defines basic terms.
Term | Definition |
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Custom Benchmark | The user-defined benchmark which is created by the Custom Index Builder process. |
Source Data | Performance data that exists in the PERFORM database prior to the creation of the new custom benchmark. |
Source Dictionary | The performance model associated with the source data. |
Target Dictionary | The performance model associated with the target entity (the new custom benchmark) that you are creating. |
Segment | A segment is the same as a node. |
Level | A consistent point in the structure across all branches. For example, Level 2 could be Equity, Bond & Cash. |
Node | Any single node of a dictionary including total. For example, Equity, UK, Total, or Chemicals. |
Constituent | A security. |
Vendor supplied index | The same as the Source Data. |
Custom Index Attributes Definition (Definition) | Specifics held in the database table RULES..CUSTOM_INDEX_ATTRIBUTES that define the custom benchmark entity. These specifics include source entities, weights, sources, and assignment levels, among others. |
Underlying Source Entities | The entities that comprise the custom benchmark. |
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Several types of custom benchmarks are used to calculate returns, as described in the following table.
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