Axioma Releases New Versions of Analytics, Risk Modeling Applications

Oct 3 2016 | 10:10pm ET

Risk management specialist Axioma has announced updated versions of its Axioma Portfolio Analytics and Risk Model Machine applications.  

These enhancements reflect the company’s commitment to capturing and incorporating customer feedback into its products, the company said in a statement.

Updates to Axioma Portfolio Analytics, which provides time-series risk analysis, stress testing and both factor-based and Brinson performance attribution, include:

  • Better handling of ETFs and Fund of Funds in Brinson Attribution: Option to re-collapse ETFs, EIFs and underlying funds to aggregate their returns contributions for reporting, as well as easier creation of fund of funds
  • Improved user interface performance: Faster application response time and support for higher resolution monitors
  • Additive form of risk decomposition: Inclusion of active and total risk contributions at the factor group and factor level
  • New previously-run analysis status bar: Users can see how much of their time-series and attribution analysis has been previously run and stored to help estimate how long reports will take to run.
  • Enhanced web services/APIs: These enhancements better accommodate and manage client workflows and increase the amount of diagnostic information returned if errors are encountered.

The new version of Risk Model Machine, which allows clients to build proprietary risk models using Axioma’s IP and core models, will support the upcoming US4 fundamental factor risk model. This enables users to take advantage of the most recent Axioma risk model and methodologies as a base in their own custom risk model.

Both applications are part of Axioma Portfolio’s fully integrated suite of capabilities that enable users to construct, test and balance their portfolios and gain insights into the drivers of risk and returns utilizing standard or customized risk models.

Founded in 1998 and headquartered in New York, Axioma offers a suite of integrated portfolio construction, analytics, risk modeling and optimization tools that help clients create and model portfolios and obtain views of risk across the enterprise and multiple asset classes. The company was the subject of a FINtech Focus profile in March 2016.


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