Transaction-based vs. Holdings-based Attribution: The Devil is in the Definitions
$25
Our authors have taken a step beyond defining their devil, they introduce us to a new attribution effect called the “trading effect term,” that isolates the return due to operational issues and trading. They define it as the difference between transaction-based and holdings-based return.
Author: Julia K. Bonafede and Mary Cait McCarthy
Our authors have taken a step beyond defining their devil, they introduce us to a new attribution effect called the "trading effect term," that isolates the return due to operational issues and trading. They define it as the difference between transaction-based and holdings-based return.