Understand the Performance Analysis Workflow

,The performance analysis workflow consists of these basic steps, which may vary according to your unique requirements.

Load data.
Configure the Performance Calculation report to calculate and commit single-period returns.
Configure the Performance Analysis report to calculate multi-period returns and risk statistics.
Publish the performance reports.

A high level overview of each step in the workflow follows.

Load Data

You can leverage Eagle's enterprise level workflow and operations tools to load data into Eagle's data warehouse. You can load general financial information, as well as performance related data, such as returns and index data. For general information about loading data, refer to Performance Calculation. For information about loading index data, refer to Benchmark Management.

Configure the Performance Calculation Report

The Performance Calculation report is used to calculate and commit single-period returns, which measure rates of return over a single holding period, such as a day, month, or quarter. For more information about configuring this report and related audit and control tools for use in portfolio performance, refer to Perform Calculation.

Eagle Performance stores single-period returns and other performance data calculated by Eagle Performance or uploaded from external systems in the PERFORM database, and uses that performance data to calculate multi-period risk and returns.

Configure the Performance Analysis Report

The Performance Analysis report is used to calculate multi-period returns and risk statistics for portfolios and related benchmarks. A multi-period return measures the rate of return over longer time periods, such as quarter-to-date, year-to-date, inception-to-date, and other time periods. You can use the Performance Analysis report to calculate a variety of risk and risk adjusted return statistics for analysis purposes, and can also use this report to calculate Internal Rate of Return (IRR) statistics.
Eagle recommends storing multi-period returns in Eagle's Data Mart. See the Data Mart User Guide for detailed information.

You usually use the Performance Analysis report to calculate multi-period performance based on a predefined performance model. However, you can also use this report to calculate multi-period returns and perform analysis on an ad hoc basis, using a grouping that differs from your standard performance model. This process, called Dynamic Aggregated Performance Analysis, allows you to do "what-if" analysis without rerunning and committing historical performance for the grouping in a new performance model. It also allows you to "look through" a compound instrument, such as an Exchange Traded Fund, into its constituents to see a true exposure.

After you run the Performance Analysis report, you can use the EagleEye Analysis tool to research report results and troubleshoot reporting issues.

Eagle offers an alternative method of calculating multi-period returns called the Multi-Period Performance Calculator (MPC). You can use it to calculate multi-period returns rather than use Performance Analysis reports to calculate multi-period returns. The advantage provided by the MPC is that it reduces the time required for generating Performance Analysis reports. Because you calculate multi-period information in a separate operation, Performance Analysis reports do not need to perform those calculations at report time, and can run more quickly. MPC's disadvantage is that it requires you to know and calculate all periods in advance of Performance Analysis report generation.

The data calculated using the MPC is similar to, but not as comprehensive as, data you can calculate in Performance Analysis reports or using the Performance Query Tool. After you create multi-period returns using the MPC, you can further analyze that data using Performance Analysis reports. For more information about the Multi-Period Performance Calculator, refer to the Performance Calculation User Guide.

Publish Performance Reports

You can use Eagle's analysis and reporting tools to communicate multi-period risk and return information to internal and external audiences. Eagle Performance includes standard Performance Analysis reports as part of the Performance Toolkit, and lets you create customized reports for online drill down analysis. You can create OLAP drill down reports, presentation-quality Advanced Reports, and/or Portal views that use information stored in Eagle's data warehouse or optionally, in Data Mart.

The Performance Query Tool allows you to perform ad-hoc queries and report on multi-period performance. This tool allows middle-office personnel to easily query and analyze basic performance data, and provides specialized time series and rolling period functionality that is not available in Performance Analysis reports.

See the PACE Reporting Reference Guide for detailed information about OLAP reports. See the PACE Advanced Reporting User Guide for detailed information on Advanced Reports. See the Portal System Administration User Guide for more information about Eagle Portal. See the Performance Query Tool for detailed information about the Performance Query Tool.

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