Performance attribution analysis

Performance attribution analysis
The decomposition of a money manager's performance results to explain the reasons why those results were achieved.

Performance Attribution Analysis (finance term)
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It is commonly used by institutional investors applying performance attribution analysis to evaluate their money managers' performance.

A method developed by BARRA, a consulting firm in
Berkeley, Calif. It is commonly used by institutional investors applying performance attribution analysis to
evaluate their money managers' performances.
Basis point ...

BARRA's performance analysis (PERFAN)
A method developed by BARRA, a consulting firm in Berkeley, Calif. It is commonly used by institutional investors applying performance attribution analysis to evaluate their money managers' performance.

involves, first, determining whether the money manager added value by outperforming the established benchmark (performance measurement) and, second, determining how the money manager achieved the calculated return (performance attribution analysis).

See also: Expense, Break-even, Added value, Market timing, Security selection