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Portfolio Analytics

The Portfolio Analytics dashboard provides a comprehensive suite of advanced financial metrics to help you understand the risk and return characteristics of your portfolio. It goes beyond simple gain/loss numbers to give you professional-grade insights.

Interactive Documentation & Help System

In-App Help Menu

Access comprehensive documentation directly within the app through the Help menu (top-right corner):

• Quick Guide: Step-by-step introduction to using portfolio analytics
  • Getting started with benchmark selection
  • Reading and interpreting metrics
  • Understanding key thresholds
  • Taking action based on insights
• All Definitions: Complete reference of every metric, organized by category:
  • Interactive Cards: Tap metrics with “Tips” badge for detailed examples
  • Risk-Adjusted Returns (Sharpe, Sortino, Treynor, etc.)
  • Market Comparison (Alpha, Beta, Correlation)
  • Risk Metrics (Max Drawdown, Volatility, VaR)
  • Advanced Edge Metrics (Kelly Criterion, Tail Ratio)
  • Daily Return Stats (Win Rate, Profit Factor)
• Benchmark Guide: Visual guide explaining when to use each benchmark:
  • SPY (S&P 500) - Large-cap growth
  • QQQ (Nasdaq 100) - Tech/growth focused
  • DIA (Dow Jones) - Blue-chip, dividend portfolios
  • IWM (Russell 2000) - Small-cap investing
  • Active Indicator: Shows which benchmark is currently selected
• Health Score Info: Detailed breakdown of how your portfolio health score is calculated

Deep Metric Insights

Selected metrics feature enhanced detail views accessible by tapping on cards with the “Tips” badge:

• Real-World Examples: Concrete scenarios illustrating what metric values mean
  • “A Sharpe of 2.5 means you earn 2.5% excess return for every 1% of risk taken”
  • “Alpha of 5% means you outperformed the benchmark by 5% annually”
• Performance Thresholds: Visual color-coded indicators showing:
  • 🟢 Excellent performance levels
  • 🟠 Acceptable performance levels
  • 🔴 Areas needing improvement
• Pro Tips: Actionable advice for improving each metric:
  • “Diversification and position sizing can improve your Sharpe ratio”
  • “Use stop-losses and position sizing to limit maximum drawdown”
  • “High win rate with low payoff ratio can still be profitable”

Interactive Tooltips

Every metric features enhanced tooltips with:

• Bold metric name for quick identification
• Detailed definition explaining what it measures
• Visual formatting with proper spacing and readability
• Extended display time (8 seconds) for comfortable reading
• Rich text styling with multiple font weights and sizes

Contextual Help

Throughout the interface:

• Browse by Category: Organized sections for easy navigation
• Tap any metric to see its definition
• Long-press for extended tooltip display
• Visual indicators (green/red) show good vs. concerning values
• Smart insights provide actionable recommendations

Privacy Controls

Balance Visibility Toggle

Starting in v0.37.0, RealizeAlpha includes a global Balance Visibility Toggle. This feature allows you to mask sensitive financial information throughout the Analytics dashboard, including:

• Total Equity and P&L charts.
• Portfolio Health Score details when showing absolute values.
• Individual position sizes and valuations.
• Portfolio chart axes, range annotations, selected-point tooltips, and change values.

The toggle can be found in the User Settings menu and on the portfolio chart. It is reflected immediately across all views. The active chart period remains visible through labels such as 1D CHANGE, 1M CHANGE, or ALL CHANGE, while monetary values are replaced with masking characters when balances are hidden.

Key Features

1. Benchmark Comparison

• Selectable Benchmarks: Compare your portfolio against major market indices and Custom Benchmarks:
  • Standard Indices: SPY, QQQ, DIA, IWM.
  • Custom Tickers: Add any stock or crypto symbol (e.g., BTC-USD, AAPL, NVDA) to see how your portfolio stacks up against specific assets.
• Intuitive Interface: Use the horizontal chip selector to quickly toggle between benchmarks or add new ones.
• Dynamic Calculation: All metrics are recalculated in real-time based on the selected benchmark and your portfolio’s historical performance.

2. Performance Overview Card

Located at the top of the dashboard, this card provides an immediate snapshot of your portfolio’s performance relative to the market:

• Total Return: Your portfolio’s absolute return for the selected period.
• Benchmark Return: The return of the selected benchmark (e.g., SPY, IWM).
• Alpha: The difference between your return and the benchmark’s return. A positive value indicates outperformance.
• Tracking Error: A measure of how closely your portfolio follows the benchmark.
• Visual Comparison: Side-by-side metrics allow for instant assessment of your standing against the market.

3. Smart Insights & Health Score

The dashboard automatically analyzes your metrics to provide plain-English insights and a Portfolio Health Score (0-100) with academic-style letter grades:

Health Score Grading System

• A+ (90-100): Outstanding - Exceptional performance across all metrics
• A (85-89): Excellent - Strong risk-adjusted returns and management
• A- (80-84): Excellent - Very good performance with room for optimization
• B+ (75-79): Very Good - Solid strategy with consistent execution
• B (70-74): Very Good - Above-average performance
• B- (65-69): Very Good - Acceptable performance overall
• C+ (60-64): Good - Reasonable strategy with areas to improve
• C (55-59): Good - Basic competence, focus on risk management
• C- (50-54): Fair - Borderline performance, needs attention
• D+ (45-49): Below Average - Significant areas for improvement
• D (40-44): Below Average - Poor execution or strategy issues
• D- (35-39): Below Average - Critical issues requiring review
• F (<35): Poor/Critical - Immediate action required

4. Risk-Adjusted Returns

Evaluate how much return you are generating for every unit of risk taken:

• Sharpe Ratio: Excess return per unit of total risk (volatility).
• Sortino Ratio: Focuses on downside risk; better for asymmetric strategies.
• Treynor Ratio: Excess return per unit of systematic risk (Beta).
• Information Ratio: Measures consistent outperformance vs. benchmark.
• Calmar Ratio: Annual return divided by Max Drawdown; return efficiency vs. worst case.
• Omega Ratio: Probability-weighted ratio of gains vs. losses.

5. Market Comparison

Understand how your portfolio behaves relative to the broader market:

• Beta: Sensitivity to market moves (>1.0 is more volatile, <1.0 is defensive).
• Correlation: How closely you track the market (diversification indicator).
• Alpha: True outperformance beyond what Beta predicts (active management skill).
• Excess Return: Simple difference between portfolio and benchmark return.

6. Risk Metrics

Deep dive into your portfolio’s exposure:

• Max Drawdown: Largest peak-to-trough decline (historical stress test).
• Volatility: Annualized standard deviation of returns.
• VaR (95%): Value at Risk - Maximum expected daily loss with 95% confidence.
• CVaR (95%): Conditional VaR (Expected Shortfall) - Average loss when VaR is breached.
• Correlation Matrix: Interactive tool to view correlation coefficients between all assets in your portfolio.

7. Advanced Edge Metrics

Professional-grade metrics for strategy refinement:

• Kelly Criterion: Optimal position sizing for long-term growth.
• Ulcer Index: Measures depth and duration of drawdowns (emotional stress).
• Tail Ratio: Ratio of upside deviation to downside deviation (skewness).

8. Daily Return Statistics

Analysis of your daily trading performance:

• Profit Factor: Gross Profits / Gross Losses (>1.5 is strong).
• Win Rate: Percentage of profitable days.
• Payoff Ratio: Average Win / Average Loss size.
• Expectancy: Average dollar value per trade/day.
• Streaks: Max consecutive winning and losing days.

9. Risk Heatmap

A visual representation of your portfolio’s risk distribution. It maps positions based on their day’s performance or other risk factors, allowing you to instantly spot outliers and concentration risks.

10. Portfolio Stress Testing

Integrated via PortfolioStressTestCard in the Risk section, this feature allows investors to simulate portfolio value impact across six macro stress scenarios:

• Market Crash (-20%): Standard systemic market shock.
• Interest Rate Spike (+150bps): Fixed income and valuation contraction shock.
• Tech Selloff (-15%): Growth and technology sector correction.
• Inflation Shock (+200bps): Macro inflationary pressure scenario.
• Recession: Macro economic slowdown simulation.
• Volatility Spike (+50%): Sudden expansion in implied market volatility.

11. Aggregate Option Greeks

Integrated via PortfolioGreeksCard, this tool aggregates Greek sensitivities across all active option positions in all linked accounts:

• Delta: Net directional share exposure ($ equivalent directional risk).
• Gamma: Rate of Delta change per $1 move in underlying assets.
• Theta: Daily portfolio time decay ($ loss/gain per day).
• Vega: Portfolio sensitivity per 1% change in implied volatility.
• Rho: Portfolio sensitivity per 1% change in interest rates.

12. Tail Risk & Liquidity Scoring

Integrated via TailRiskCard, this component evaluates extreme downside risk and execution liquidity:

• Value at Risk (VaR 95% & 99%): Maximum expected daily loss at 95% and 99% confidence levels.
• Expected Shortfall (Conditional VaR / CVaR): Average expected loss in tail-risk events exceeding VaR.
• Cornish-Fisher VaR: Non-normal VaR adjustment incorporating portfolio return skewness and kurtosis.
• Skewness & Kurtosis: Measures return distribution asymmetry and fat-tail event probabilities.
• Liquidity Score & Time-to-Liquidate: Weighted portfolio liquidity metric estimating days required to exit positions without adverse market impact.

Rolling Statistics

Rolling Statistics tracks how portfolio risk changes over time relative to the selected benchmark. The dashboard requires enough aligned trading sessions for the selected period and displays:

• Rolling volatility: Annualized standard deviation of portfolio returns.
• Rolling beta: Sensitivity to the selected benchmark over each rolling sample.
• Rolling correlation: How closely portfolio returns move with the selected benchmark.

The latest values appear alongside time-series charts. The selected benchmark can be one of the standard indices or a custom ticker supported by Portfolio Analytics.

13. Tax Optimization

Smart, seasonality-aware tax loss harvesting suggestions:

• Smart Visibility: Shows opportunities based on urgency (e.g., highly visible in Q4).
• Estimated Loss: Potential realized loss available for harvesting.
• Offset Analysis: How losses can offset realized gains.

14. ESG Analysis

Environmental, Social, and Governance scoring for your portfolio:

• Weighted Average: Portfolio-level scores based on position size.
• Breakdown: Individual scores for Environmental, Social, and Governance factors.
• Details: Drill-down view into specific asset ratings.

Score Calculation

The health score starts at a base of 50 and adjusts based on five key dimensions:

1. Risk-Adjusted Returns (Max +35/-15) - Sharpe, Sortino, Treynor, Omega ratios
2. Market Performance (Max +20/-15) - Alpha and Information Ratio vs. benchmark
3. Risk Management (Max +20/-40) - Drawdown, volatility, VaR/CVaR, correlation, Beta
4. Efficiency & Consistency (Max +30/-15) - Profit Factor, Win Rate, Calmar, Payoff Ratio
5. Advanced Risk & Edge (Max +15/-15) - Kelly Criterion, Ulcer Index, Tail Ratio

Smart Insights

The dashboard provides contextual, actionable recommendations:

• Performance Insights: Highlights if you are outperforming or underperforming the benchmark with specific alpha values
• Risk Assessment: Warns about high drawdowns (categorized as moderate/high/severe/catastrophic) with specific guidance
• Volatility Comparison: Tells you if your portfolio is more or less volatile than the market (e.g., “50%+ more volatile than market”)
• Strategy Feedback: Specific recommendations based on metrics (e.g., “Cut losses faster” for low profit factor, “Add defensive stocks” for high Beta)
• Edge Quantification: Shows mathematical edge (Kelly Criterion), stress levels (Ulcer Index), and return skew (Tail Ratio)

4. Risk-Adjusted Return Metrics

These metrics help you evaluate if the returns you are generating are worth the risk you are taking.

• Sharpe Ratio: The gold standard for risk-adjusted return. Measures excess return per unit of total risk (volatility).
  • Goal: > 1.0 (Good), > 1.5 (Very Good), > 2.0 (Excellent), > 2.5 (Outstanding).
• Sortino Ratio: Similar to Sharpe, but only penalizes downside volatility. This is often more relevant for investors who don’t mind upside volatility (big gains).
  • Goal: > 0.75 (Good), > 1.5 (Very Good), > 2.5 (Exceptional).
• Treynor Ratio: Measures excess return per unit of systematic risk (Beta). Useful for well-diversified portfolios.
• Information Ratio: Measures your ability to generate excess returns relative to the benchmark, adjusted for the consistency of those excess returns (Tracking Error).
• Calmar Ratio: Annualized return divided by Maximum Drawdown. A great measure of return relative to your worst-case scenario.
• Omega Ratio: The probability-weighted ratio of gains vs. losses for a threshold return target. A value > 1 indicates more expected gains than losses.

5. Market Comparison Metrics

Understand how your portfolio moves in relation to the broader market.

• Beta: Measures volatility relative to the market.
  • 1.0: Moves in lockstep with the market.
  • > 1.0: More volatile (aggressive).
  • < 1.0: Less volatile (defensive).
• Alpha: The excess return generated beyond what would be expected given the portfolio’s Beta. Positive Alpha indicates true outperformance.
  • Goal: > 0% (Positive), > 2% (Good), > 5% (Very Good), > 10% (Excellent).
• Excess Return: The simple difference between your portfolio’s return and the benchmark’s return.
• Correlation: Measures how closely your portfolio moves with the benchmark.
  • 1.0: Perfect positive correlation.
  • 0.0: No correlation.
  • -1.0: Perfect negative correlation (moves opposite).

6. Risk Metrics

Quantify the potential downside.

• Max Drawdown: The largest percentage drop from a peak to a trough. This tells you the “pain” you would have felt during the worst period.
  • Goal: < 5% (Exceptional), < 10% (Excellent), < 15% (Good), > 30% (Severe penalty).
• Volatility: The annualized standard deviation of returns. A higher number means wider price swings.
• VaR (95%): Value at Risk. The maximum loss expected over a single day with 95% confidence.
  • Example: A VaR of -2% means there is only a 5% chance you will lose more than 2% in a day.
• CVaR (95%): Conditional Value at Risk (Expected Shortfall). The average loss expected given that the loss is greater than the VaR threshold. This captures the “tail risk” better than VaR.

7. Advanced Edge Metrics

Sophisticated metrics to evaluate the statistical edge of your trading strategy.

• Kelly Criterion: The optimal position size percentage based on your win rate and payoff ratio to maximize long-term wealth growth. A positive value indicates a mathematical edge.
  • Goal: > 0% (Positive edge), > 8% (Strong edge), > 15% (Very strong edge).
• Ulcer Index: Measures the depth and duration of drawdowns . Unlike standard deviation, it only penalizes downside volatility. Lower is better (e.g., < 0.05 or 5% is low stress).
• Tail Ratio: The ratio of the 95th percentile return to the 5th percentile loss. A value > 1 indicates that your big wins are larger than your big losses (positive skew).
  • Goal: > 0.9 (Positive), > 1.0 (Good), > 1.3 (Strong positive skew).
  • Avoid: < 0.9 indicates negative skew where losses hurt more than wins help.

8. Daily Return Stats

Granular statistics based on your daily P&L.

• Profit Factor: Gross Profit divided by Gross Loss. A value > 1.0 means you are profitable.
  • Goal: > 1.2 (Good), > 1.5 (Very Good), > 2.0 (Excellent), > 3.0 (Exceptional).
• Win Rate: The percentage of days with a positive return.
  • Goal: > 50% (Above average), > 55% (Consistent), > 65% (Very consistent).
• Payoff Ratio: Average Win divided by Average Loss. Measures the size of your wins relative to your losses.
• Expectancy: The average amount you can expect to win (or lose) per day/trade.
• Streaks: Tracks your longest consecutive winning and losing streaks.

9. ESG Scoring

Evaluate the sustainability of your portfolio.

• Total ESG Score: A weighted average of the Environmental, Social, and Governance scores of your holdings.
• Breakdown: View individual scores for:
  • Environmental: Resource use, emissions, innovation.
  • Social: Workforce, human rights, community.
  • Governance: Management, shareholders, CSR strategy.

10. Integrated Risk Heatmap

The dashboard includes the Risk Heatmap, allowing you to visually correlate these high-level metrics with your specific position exposures.

11. Tax Optimization

• Tax Loss Harvesting: An integrated tool that identifies opportunities to realize losses to offset gains. It features seasonality awareness (highlighting urgency near year-end) and smart visibility to keep your dashboard focused.

12. Correlation Matrix

A powerful tool to visualize how your assets move in relation to each other.

• Interactive Heatmap: See the Pearson correlation coefficient between any two assets in a grid.
  • +1.0 (Red): Assets move together (High Correlation). Diversification benefit is low.
  • 0.0 (White): Assets are uncorrelated. Good for diversification.
  • -1.0 (Blue): Assets move in opposite directions (Inverse Correlation). Excellent for hedging.
• Benchmark Comparisons: Filter to include major indices like SPY, QQQ, TLT (Bonds), and GLD (Gold) to see how your portfolio holdings react to broader market moves.
• Custom Filtering: Select up to 15 specific assets to analyze tailored sub-sets of your portfolio.
• Data Integrity: Detail views show the exact number of overlapping trading days used to calculate the correlation, ensuring statistical relevance.

Using the Help System

Quick Start

1. Open Portfolio Analytics from the main navigation
2. Tap the Help icon (question mark) in the top-right corner
3. Choose “Quick Guide” for a comprehensive introduction
4. Review key thresholds to understand what makes a good vs. bad metric

Learning Path

• Beginners: Start with Quick Guide → Benchmark Guide → Health Score Info
• Intermediate: Focus on All Definitions and explore each category
• Advanced: Use tooltips for quick reference while analyzing specific metrics

Tips for Best Results

• Select the right benchmark: Match your portfolio’s investment style
  • Growth/Tech → QQQ
  • Balanced/Large-cap → SPY
  • Conservative/Dividend → DIA
  • Small-cap → IWM
• Monitor Health Score: Aim for 60+ (Good) or 80+ (Excellent)
• Review Smart Insights: Color-coded by priority (red = urgent, orange = moderate, green = positive)
• Use tooltips liberally: Each metric has detailed explanations accessible with a tap
• Check definitions by category: Organized into logical groups for easier learning

Metric Categories Explained

Risk-Adjusted Returns

Evaluate if your returns justify the risks taken. Higher is generally better.

Market Comparison

Understand how your portfolio performs relative to the broader market.

Risk Metrics

Quantify potential downside and volatility exposure.

Advanced Edge Metrics

Sophisticated indicators of your strategy’s statistical advantage.

Daily Return Stats

Granular performance metrics based on day-to-day portfolio changes.

Group Performance Analytics

New in v0.31.7

Investor Groups now feature dedicated performance analytics to foster competition and collaboration:

• Leaderboards: Ranked view of group members based on Total Return.
• Aggregated Metrics: View the group’s combined performance, total equity, and P&L.
• Member Insights: Drill down into individual member performance within the group context.
• Top Performers: Highlighted cards for the day’s best performing members.

Definitions Guide

Access the complete, categorized glossary by tapping the Help icon and selecting “All Definitions”. Each definition includes:

• What the metric measures
• How to interpret it
• Good vs. bad threshold values
• Practical implications for your portfolio

Data Export

You can export your complete portfolio analytics data to a CSV file for further analysis in Excel or other tools.

• Tap the Export icon in the top-right corner of the dashboard.
• The CSV includes all calculated metrics, benchmark comparisons, and historical return data.