Sector allocation and stock selection attribution
Does more of the excess return come from choosing the right sectors or from stock selection within sectors?
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Sample JSON
Specification JSON
Sample as of
0700.HK Tencent Holdings | Hang Seng Index | 2025-10-16 – 2026-10-16 | HKD
- Highest item: Selection effect
- -0.81 percentage points
- Lowest item: Allocation effect
- -6.24 percentage points
- Average
- -3.41 percentage points
- Number of items
- 4 items
Allocation and selection waterfall
Excess return attribution (percentage points) (Waterfall)
Contribution by sector
Allocation and selection contribution (percentage points) (Bar)
Benchmark history coverage
Excess return attribution (percentage points) and Allocation and selection contribution (percentage points) (Table)
Sample data rows
| Attribution factor | Excess return attribution (percentage points) | Allocation and selection contribution (percentage points) | Data date (sample) |
|---|---|---|---|
| Allocation effect | -6.24 | 34.5 | 2026-10-16 |
| Selection effect | -0.81 | 21.4 | 2026-10-16 |
| Interaction term | -1.42 | 0 | 2026-10-16 |
| Reconciliation residual | -5.16 | 47.1 | 2026-10-16 |
| Total | -13.63 | 103 | 2026-10-16 |