TY - JOUR T1 - Practical Applications of Adjusted Factor-Based Performance Attribution JF - Practical Applications SP - 1 LP - 3 DO - 10.3905/pa.2016.4.2.177 VL - 4 IS - 2 AU - Robert A. Stubbs AU - Vishv Jeet A2 - Mack, Barbara J. Y1 - 2016/10/31 UR - https://pm-research.com/content/4/2/1.12.abstract N2 - Adjusted Factor-Based Performance Attribution Robert A. Stubbs Vishv Jeet Factor-based performance attribution seeks to evaluate the components of a portfolio’s return, studying the contribution that each factor makes to the total return. But biases in the analysis can lead to several common errors, such as misclassifying factor returns as asset-specific contributions (or vice versa) or misestimating the actual factor exposure. Robert Stubbs of Axioma and Vishv Jeet of Burgiss have developed a hybrid approach that uses cross-sectional estimates and adjusts them if there is a systematic bias over time. In Adjusted Factor-Based Performance Attribution , Stubbs and Jeet examine the methodology behind performance analytics and explain how their adjusted model can provide deeper insight into the real drivers of investment performance. ER -