Production Overview
This post details the changes that went into production or in our testing environment for Inovestor For Advisors on September 22nd, 2023. All changes apply to the institutional license.
U.S. Dataset without analyst estimates
We wish to add the U.S. universe for the buy/list lists. The analyst estimates will be excluded from this future release because more work is necessary for these fields.
Canadian Industry Relative variables
Industry relative variables compare a company’s performance with the industry median value.
Create a user variable (predefined formulas)
We separate the user variable feature into 3 features:
- Predefined variables (drop-down menu)
- Customized variables (adding variables in the drop-down menu)
- Advanced variables (creating an unconstrained variable)
While we plan to integrate the 3 features, our dev team is actively working on the predefined variables as they’re the simplest and, according to the feedback we’ve received, the most widely used form. It is also critical to many users as the feature is needed to properly replicate the existing strategies.
Our primary focus is ensuring business continuity for existing CPMS clients, and this focus guides our development plan.
Create a universe from a strategy
By default, the universe looks at all stocks. However, with this new feature, it will be possible to add a strategy as the universe. Usually, users change the universe to a strategy replicating an index such as S&P/TSX Composite, S&P/TSX 60, CPMS 250, or CPMS 200.
Sector / Group / Industry in the strategy building tool
We added the industry classification to our strategy-building tool. This menu is primarily used for industry-relative variables (e.g., IR ROE). For example, changing the setting from “sector” to “industry” will alter the calculations performed by the industry relative variables, replacing the median value from the sector with that of the industry.
Testing Environment Overview
The enhancements currently in our testing environment are the following.
Buy/sell lists user interface enhancements
The key elements of the strategy, which include the DOI (%), buy and sell criteria, have been added to the buy/sell lists to reduce the need for back-and-forth navigation between the strategy-building tool and the buy and sell lists.
Region toggle button added to the strategies section
The toggle button helps the user organize their Canadian and U.S. strategies. This allows the user to see either U.S. and Canadian, or both regions simultaneously.
