This section describes the Do you want to calculate missing data? option in the Composite Analysis report profile, as described in "Analyzing Composite Dispersion and Membership.
By default, the report only queries the database for returns and market values for the constituent portfolios defined to be in the composite for the entire calculation period represented by each column of the report. If there is missing data for any one of these underlying portfolios, then the report returns an N/A in the cell for this statistic in the report. Missing data means, for example, that the returns and market values for only 2 of 3 portfolios required for calculating the composite statistics are in the database.
You can override this option by selecting Yes to the Do you want to calculate if data is missing option? question at the bottom of the profile. The purpose of this option is to allow you to begin viewing composite results on a Preliminary basis, even though the returns for all of the constituent entities might not all be calculated. You can create two different reports, one with the option set to Yes and another to No, in order to monitor the status of the constituent portfolio data.
The composite statistics are calculated as shown in the following table for each option.
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