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  Skill Analysis

Fund Manager Performance and Success Measurement Tools

Fund Manager Performance and Success Measurement Tools


The Skill Analysis module allows users to distinguish manager skill from luck. The module allows for cross-sectional analysis among managers with similar factor exposures and decomposes skill into factor rotation vs. stock selection skill. In so doing, investors can avoid the common mistake of characterizing luck as skill.

Managers typically approach their portfolio from the perspective of a specific style. This creates structural biases that are rewarded and penalized by the market at different points in the cycle. Because of this, there are instances that a manager’s structural bias could result in outperformance or underperformance and be mistaken for stock selection skill. The Skill Analysis Module provides an understanding of whether the manager truly exhibited stock selection skill. This understanding is crucial for investors to make informed manager allocation decisions.

Skill Analysis

Aapryl’s Skill Analysis module allows users to dissect a manager’s track record to identify different attributes of a manager’s factor profile as well as the derivation of factor and stock selection skill.

How Skills Analysis Works

Start a Skill Analysis

Skill Analysis offers you the ability to further slice and dice a Managers by using Aapryl’s Skill Score.

Select a Manager Product

Select a single or multiple Products to compare.

Analyze Skill Analysis

View multiple charts and tables, which provide historical measurements of a Products Skill, and other attributes.

Skills Analysis Highlights for Fund Manager Performance

  • Decompose manager returns through cross-sectional analysis to identify factor exposures.
  • Separate true manager skill from performance produced by an inherent factor bias within their investment process.
  • Confirm or invalidate manager claims regarding their process for producing alpha, and assess the consistency of their process.
  • Compare managers with similar factor exposures.
  • Make well-informed decisions regarding manager selection and allocations.
For more information on how Aapryl's proprietary methodologies can be used, please contact us at