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An electronic form showing all the relevant information
about an order: type of order, trade number, portfolio name,
ticket number, bank name, security name, number of shares or
amount of the transaction, transaction date, trade date, and
special instructions. Webfolio generates PDF
tickets automatically whenever an order is placed and stores
them in EDM by default.
Tracking error is a measure of the unexplained portion of
an investment’s performance relative to a benchmark.
Annualized tracking error is measured by taking the square
root of the average of the standard deviations between the
investment’s returns and the benchmark’s returns, then
multiplying the result by the square root of 12.
Trade tickets are generated automatically in PDF format
whenever an order is placed.
Operations consist of a number of transactions that are
linked to the operation and carry out the individual actions
to fulfill it. Transactions are typically Debits and Credits
into current, securities, and fees accounts. See Accounts.
Time-weighted rate of return.
The true Time-Weighted
Return for the period 0 to T can be calculated by valuing
the portfolio whenever contributions occur. The product of
the changes in the value of the fund including the net of
the contributions/withdrawals, minus 1 gives the overall
return for the period. This requires re-evaluating the
portfolio each time a net contribution occurs. See Dietz
and Modified Dietz.
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