The Summary Report - Tips and Notes
This page lists and explains some of the finer details of how the Summary report in StockMarketEye works. If you are not already familiar with the Summary report, we recommend reading its main documentation page first.
Value Summary and Portfolio Returns Sections
- The values in the Summary report are calculated from all the transactions in your portfolio, in the same way that the Back-in-Time report's portfolio is built or how the Prices view can be rebuild from the transactions. If you see strange values in your Summary report, the Back-in-Time report can help you narrow down which transactions are causing the issue.
- When calculating the daily values of the benchmark portfolio, if the selected benchmark symbol does not trade in the same currency as the portfolio, the prices for the benchmark symbol will be converted to the portfolio's currency using the date's closing FX rate. For example, if your portfolio is in EUR (Euros), but you use the ^GSPC as the benchmark symbol, the ^GSPC prices in USD (US Dollars) will be converted to EUR. This means that the benchmark portfolio values and returns include exchange rate changes between the 2 currencies.
- Due to the point above, the TWRR/IRR values for a benchmark ticker symbol that trades in a different currency than the portfolio will also reflect changes in the exchange rate between the benchmark's currency and the portfolio's currency.
- Flat-lines in the charts can be caused by multiple conditions. Please refer to the section, Why Is there a Flat Line in the Summary Report?
Begin and End Portfolios
- The starting portfolio and ending portfolio in the Summary report are captured while StockMarketEye applies the transactions and builds out your portfolio through time.
Be aware of the following when using the Summary report in a Portfolio Group.
If the individual portfolios in the group have different currencies, StockMarketEye will transparently maintain multiple cash balances, one per currency while building and calculating the Summary report. The currency cash balances will be converted to the currency of the Portfolio Group only when a single cash balance value is needed - for example, when calculating the portfolio's market value on that day or when capturing the start and end portfolios. The multiple cash balances are maintained throughout the calculation so that the single cash balance, when calculated, is an accurate reflection of the actual market value of the Portfolio Group including the exchange rates from that day.
The multiple cash balance method of calculating a single cash balance is different from the way the Cash Balance column in the Transactions report in a Portfolio Group is calculated. For the Transaction report, only a single cash balance value is calculated. Each transaction amount is added to the cash balance on the date of the transaction using the exchange rate from that day (or the rate specified in the transaction). Thus exchange rate changes since the transaction's date are not accounted for afterward.