Equity Aggregates Residual Risk and Return Sensitivity

The Equity Aggregates Residual Risk and Return Sensitivity view supplies a stock's excess return, its volatility, and its relative performance, grouped by industry classification according to Morningstar's Global Equity Classification Structure. The figures are averaged across each industry on a country-by-country basis, so a company can be benchmarked against its peers within the same industry, industry group, or sector.

It populates a single EquityAggregatesResidualRisk data table holding Alpha, Beta, and their company counts, including non-dividend variants.

Available data tables

Currently the following data tables are supported in the EquityAggregatesResidualRisk connector:

  • EquityAggregatesResidualRisk

How to use Equity Aggregates Residual Risk and Return Sensitivity

Select the EquityAggregatesResidualRisk converter on the InvestmentsConnector, then read the data table with connector.getTable('<TableName>').

const connector = new HighchartsConnectors.MorningstarDWS.InvestmentsConnector({
    api: {
        access: {
            token: 'your_access_token'
        }
    },
    security: {
        id: '0P00006W6Q'
    },
    converters: {
        EquityAggregatesResidualRisk: {}
    }
});
await connector.load();
const dataTable = connector.getTable('EquityAggregatesResidualRisk');
Highcharts.chart('container', {
    title: {
        text: 'Equity Aggregates Residual Risk Values'
    },
    subtitle: {
        text: dataTable.metadata.performanceId
    },
    series: [{
        name: 'Alpha',
        data: dataTable.getRows(
            void 0,
            void 0,
            ['Type', 'Alpha']
        )
    }, {
        name: 'Beta',
        data: dataTable.getRows(
            void 0,
            void 0,
            ['Type', 'Beta']
        )
    }, {
        name: 'Non Dividend Alpha',
        data: dataTable.getRows(
            void 0,
            void 0,
            ['Type', 'NonDividendAlpha']
        )
    }, {
        name: 'Non Dividend Beta',
        data: dataTable.getRows(
            void 0,
            void 0,
            ['Type', 'NonDividendBeta']
        )
    }]
});

Relevant demos

You will find examples of how to use EquityAggregatesResidualRisk converter in our demos.

  • Highcharts Core + Morningstar Equity Aggregates Residual Risk

Morningstar API Reference

For more details, see Morningstar's Investment Details API.

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