Series Adjustment Value

The Series Adjustment Value is a constant that can be used during Historic Data Adjustment.  The Value Field activates when the Benchmark Average or Adjust by Fixed Constant options are selected from the Series Adjustment drop down menu in the ribbon.  (The Benchmark Relative Option doesn't require a Series Adjustment Value.)

• When the Benchmark Average option is selected, the Series Adjustment Value represents the user's estimate of current benchmark return.  Often this is the risk free rate.  The Series Adjustment Value is assumed to be annualized.

• When the Adjust by Fixed Constant option is selected, the Series Adjustment Value represents the fixed amount used to adjust the mean of the historic asset values.