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Each PORTAX portfolio study has a status window in the background that provides
an overview of all the current settings while you are working with the different
software features.
Manager and Index Testing
This tests manager and index monthly time series for statistical issues using
robust and nonparametric methods.
Forecasts
This handles
per period asset return
time series for generating statistics needed to use
the software. Periods range from Daily to Annual.
Inputs
The inputs consist of twelve different editors used for data needed to set up a portfolio for analysis.
Optimization
This is the first part of
the analytics and centers around a main graph showing different optimal portfolios
along with user selected benchmark portfolios.
Cash Projections
This is the second part of
the analytics and for a specific portfolio calculates the expenditures, capital
appreciation, cash flows, management fees and taxes over time. It also contains a number of
supporting analyses including the Monte Carlo Simulator.
Monte Carlo Simulator
This is a comprehensive, multivariate simulator that creates empirical
distribtuions for the Optimizer and Cash Projections analytical results.
The Client Reporting system automatically embeds selected Monte Carlo
Simulations in a number of tables and graphs.
Client Reporting
Due to the extensive amounts
of both input data and output results, PORTAX handles client reporting using
wizards that either generate online reports or exported Excel reports for more
detailed customization.
International Currencies
This controls the currencies used for portfolio analysis and reporting.
International Taxation
The controls the assignment of tax jurisdictions to specific assets.
Economic Cycles and Shifts
The allows modeling for forecasted
economic changes with time varying inflation rates, asset returns and asset
standard deviations.
Alpha Performance
Alpha Performance measures the ability of a manager to outperform a passive
investment strategy given an investor's specific portfolio targets, tax issues
and spending patterns.
Documentation
The documentation is a
html-based help text system that is always available while running PORTAX.
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