Monring Essay

1539 WordsOct 21, 20137 Pages
Morningstar Quantitative Equity Ratings Learn More EquityResearch Benefits 3 Provides expanded global and sector coverage 3 investors evaluate the Helps most attractively priced stocks in each category 3 Complements our existing analyst ratings and analysis, which serves as a second opinion for investors to consider With about 120 equity and credit analysts, Morningstar has one of the largest independent equity research teams in the world. Morningstar analysts cover approximately 1,700 equities, using a consistent, proprietary methodology that focuses on fundamental analysis, competitive advantage assessment, and intrinsic value estimation. To complement our analysts’ work, we’ve introduced quantitative equity ratings, which are forwardlooking and generated by a statistical model that is based on Morningstar’s analyst-driven equity ratings and quantitative statistics. A Quantitative Approach Value Estimate, Quantitative Valuation, Quantitative Economic Moat, Quantitative Uncertainty, and Quantitative Financial Health—set out to replicate the projections of our analyst team as accurately as possible. To this end, our quantitative metrics are derived from a statistical model designed to mimic our analyst-driven ratings. What it Means for Investors Morningstar’s quantitative ratings are available for more than 28,000 companies in 86 countries that trade on 64 exchanges, allowing investors to obtain a much greater breadth of the independent perspective they know and trust from Morningstar. These ratings—Quantitative Fair By introducing quantitative equity ratings, Morningstar is extending a useful tool to thousands of securities around the world that might otherwise not be analyzed. A forwardlooking quantitative assessment, rooted in our analyst process, is far more useful than a data page containing historical

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