Performance Attribution for long and short positions

[flight]

Mark, -

Is there anyway for FM users to see performance attribution for long and short positions?

Regards, Neil

[Mark]

Hi Neil,

You can't easily compare the performance of all long positions against all short positions, no. You can of course track both long/short positions, but there isn't a feature to group all longs together and compare to all shorts.

[flight]

Hi Mark - while there is no direct report for performance attribution, what do you think of this approach?

First, run a Portfolio Performance report for the specified period.

Second, sort by "Beg Value". Then Sum up the "gain" from all short positions.

Third, divide the gain from the sum of the "Beg Value" at the bottom of the page.

So, I be curious of your thoughts on that approach....before commenting on the follow-up below:

The only difficult part I see if for stocks which have been closed out (no longer open), you'd have to make sure to display "Hidden Investments/Portfolios".

But even then, it seems to be bringing in every hidden investment (outside of the specified date range).

[Mark]

Hi flight,

Yes, you could do that. You could also group them into sub-portfolios (long and short), and let FM do the summing for you by running your report with sub-totals for sub-portfolios.

[flight]

And on part b of the question...

..How do I view the securities which have been closed out during the period (ie currently no position) BUT not see every stock ever purchased.

I can click View Hidden, but every stock I've owned shows up.

I just want to see: a) my current positions; and b) the positions closed during the specified period, for instance 10/1/17-10/31/17.

[Mark]

Hi flight,

Either un-hide all the positions you want to see, or un-hide only your current positions, and when you run the report, leave on the option "Options / Report Preferences... / General / Investment Display: / Display Hidden Investments with Activity". This option will cause hidden items to be displayed if they had any activity within the report's date range.