Equity Residual Risk and Return Sensitivity

The Equity Residual Risk and Return Sensitivity view reports a stock's excess return together with how volatile it is and how it performs when measured against a benchmark index.

It populates the RiskDaily and RiskMonthly data tables, each holding Alpha, Beta, and RSquare, including their non-dividend variants.

Available data tables

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

• RiskDaily
• RiskMonthly

How to use Equity Residual Risk and Return Sensitivity

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

const connector = new HighchartsConnectors.MorningstarDWS.InvestmentsConnector({
    api: {
        access: {
            token: 'your_access_token'
        }
    },
    security: {
        id: '0P00006W6Q'
    },
    converters: {
        EquityResidualRisk: {}
    }
});
await connector.load();
const dataTable = connector.getTable('RiskDaily');
Highcharts.chart('container-daily', {
    title: {
        text: 'Equity Residual Risk Daily 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: 'RSquare',
        data: dataTable.getRows(
            void 0,
            void 0,
            ['Type', 'RSquare']
        )
    }, {
        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']
        )
    }, {
        name: 'Non Dividend RSquare',
        data: dataTable.getRows(
            void 0,
            void 0,
            ['Type', 'NonDividendRSquare']
        )
    }]
});

Relevant demos

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

• Highcharts Core + Morningstar Equity Residual Risk

Morningstar API Reference

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