Last week, AlphaClone introduced a new feature called sentiment scores which tracks changes in aggregate holdings of individual stocks within mutual fund portfolios *
Sentiment Scores are listed on users’ Current Clone Portfolio (see image below) and Stock View Pages. Note how the numbers are color-coordinated with sentiment:
- Green when bullish
- Red when bearish
- Black when there is no change
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*The sentiment score is derived from taking the total market value in a stock and dividing it by the sum of the market values of all holdings. As an example, AlphaClone provides the following:
“…if 30 out of 300 funds own AAPL with a combined total market value in AAPL of $15 billion and the total market values for all holdings across all 300 funds is $2 trillion, AAPL’s Sentiment score would be ($15/$2000) x 1000 or 7.50.”