Post by Admin/YBB on Oct 10, 2021 11:19:51 GMT -6
On M* fund (OEFs, ETFs) Quote pages, there is now a Crowd Sense tab based on monthly data.
It uses 1) ATTENTION that is based on the number of M* page views within the fund category with High for top-third, Medium for middle-third, Low for bottom-third, and 2) APPEAL that is based on forward-looking medalist designations, M* Analyst Ratings or M* Quantitative-Q Ratings (computer-generated), with High for Gold/Silver/Bronze, Medium for Neutral, Low for Negative. So, there are 9 combinations for Attention-Appeal (but the presentation is different than the typical 9-box M* presentations) ranging from High-High (best?) to Low-Low (worst?); overhyped is High-Low, hidden gems Low-High. Beware that a relatively small number of funds will have Medium or Low Appeal.
A SIGNAL diagram displays Attention (on the left) and Appeal (on the right) data for the FUND with blue or gray ring-sectors arranged as ((( ))).
A TABLE shows Attention-Appeal data for the fund CATEGORY by %AUM (i.e. weighted by AUM) and by %Share Class (i.e. not weighted by AUM). The data presented are current, 3-mo, 6-mo, 12-mo; note different DATES that apply in the footnote. TOTALS in the table don't add up to 1.00 (and sometimes are << 1) because not all funds have relevant data and some data will fill up in time. The tabular information would be same for all funds in the same category.
The bottom area shows more FUND information: Attention-Appeal HISTORICAL data for various months, and monthly Attention TRENDS with Rising (up 25%), Stable (between +/- 25%), Falling (down 25%).
These data may be of limited use for individual funds, but may be useful in portfolio construction by, say, avoiding overhyped (High-Low) funds.
M* Methodology Document www.morningstar.com/content/dam/marketing/shared/pdfs/Research/1014981.pdf?cid=RED_RES0002
(highlight link text--Go to http://www....; or highlight link text--copy (don't copy link address)--paste in a new tab to open)
Barron's www.barrons.com/articles/rating-morningstars-new-crowd-sense-fund-scores-51633509002?mod=past_editions
It uses 1) ATTENTION that is based on the number of M* page views within the fund category with High for top-third, Medium for middle-third, Low for bottom-third, and 2) APPEAL that is based on forward-looking medalist designations, M* Analyst Ratings or M* Quantitative-Q Ratings (computer-generated), with High for Gold/Silver/Bronze, Medium for Neutral, Low for Negative. So, there are 9 combinations for Attention-Appeal (but the presentation is different than the typical 9-box M* presentations) ranging from High-High (best?) to Low-Low (worst?); overhyped is High-Low, hidden gems Low-High. Beware that a relatively small number of funds will have Medium or Low Appeal.
A SIGNAL diagram displays Attention (on the left) and Appeal (on the right) data for the FUND with blue or gray ring-sectors arranged as ((( ))).
A TABLE shows Attention-Appeal data for the fund CATEGORY by %AUM (i.e. weighted by AUM) and by %Share Class (i.e. not weighted by AUM). The data presented are current, 3-mo, 6-mo, 12-mo; note different DATES that apply in the footnote. TOTALS in the table don't add up to 1.00 (and sometimes are << 1) because not all funds have relevant data and some data will fill up in time. The tabular information would be same for all funds in the same category.
The bottom area shows more FUND information: Attention-Appeal HISTORICAL data for various months, and monthly Attention TRENDS with Rising (up 25%), Stable (between +/- 25%), Falling (down 25%).
These data may be of limited use for individual funds, but may be useful in portfolio construction by, say, avoiding overhyped (High-Low) funds.
M* Methodology Document www.morningstar.com/content/dam/marketing/shared/pdfs/Research/1014981.pdf?cid=RED_RES0002
(highlight link text--Go to http://www....; or highlight link text--copy (don't copy link address)--paste in a new tab to open)
Barron's www.barrons.com/articles/rating-morningstars-new-crowd-sense-fund-scores-51633509002?mod=past_editions