Comparables Data

For any security, you'll notice "comparables" that can provide similar alternative investments. This article will explain how these are calculated.

Stock Comparables

Stock comparables work on a scoring system. For any given stock, YCharts will rank how similar that stock is to every other stock in our database.

The higher the score for a stock, the more likely it will be listed as a comparable. Below are the qualities used to determine a comparable company:

* Same sector = 20 points.
* Same industry = 10 points.
* Mentioned in same news article = max of 18 points (2 per article in the last 3 months).
* NAICS = 5 points.
* NAICS industry = 5 points.
* NAICS sector = 10 points.
* Same market cap range = 10 points.
* Same HQ Country = 10 points

Similar to the stock comparables, fund comparables are based on a scoring system. The higher score for a fund, the higher it will appear as a comparable. Below are the criteria used to score a fund:

* Same benchmark = 20 points
* Same equity style=5 points
* Same FI style=5 points
* Same "broad category" = 10 points
* Same "broad asset class" = 5 points
* Same prospectus objective = 5 points
* Same AUM range = 5 points
* Both are index funds = 5 points
* Both are leveraged funds = 5 points
* Both are inverse funds = 5 points
* Same holdings = up to 10 points (1 per overlapping holding)
* Same Morningstar category = 10 points
* Same share class (for MFs only) = 10 points