These scorecards evaluate the performance of research firms over time, helping you compare and evaluate their track records and latest recommendations.
Research Firm Scorecards
Firm Sector Performance
Updated Daily: Sector–based performance of research firms' recommendations for the last 1, 2, or 3 years.
Firm Performance Analysis
Updated Quarterly: Insight on various dimensions of research firms' recommendation performance for the last 1 and 3 years.
Performance of buy/sell recommendations is only one aspect of the research offered on Fidelity.com. Although it is useful to understand a research firm's overall track record, a research firm's performance on any given stock can diverge significantly from the overall performance. There are additional factors beyond performance that any investor should consider in evaluating a research provider, such as the insights provided and the ease with which the research can be used. Performance of recommendations, while important, should not be the only factor an investor considers in evaluating research.
Research Firm Scorecards are provided for informational purposes only, and do not constitute advice or guidance, nor an endorsement or recommendation for any particular research provider. Research Firm Scorecards are provided by independent companies not affiliated with Fidelity Investments.
Research Providers Awards 
First Quarter 2010 Research Providers Award placements:
About the Research Providers Award
To help you evaluate the quality of the stock research available on Fidelity.com, Integrity Research ranks the research firms recommendation performance, giving the Research Providers Award to the highest scoring firms.
The Award scoring system weaves together the different components of recommendation performance into a single score between 0 and 100. To calculate these scores, Integrity Research ranks and weights the following four performance metrics:
- Buy recommendations for 1-, 2- and 3-year periods
- Buy-minus-sell recommendations for 1-, 2- and 3-year periods
- Firm returns within 10 market sectors (Oil & Gas, Basic Materials, Industrials, Consumer Goods, Healthcare, Consumer Services, Telecomm, Utilities, Financials, and Technology)
- Average holding period of a firm's buy recommendations.
Scores are first ranked against the entire universe of research firms tracked by Investars. Buy and buy-minus-sell recommendation performance is more heavily weighted. Sector and holding period performance is weighted less heavily in the overall score.
RESEARCH INDUSTRY HIGHLIGHTS
-
Attack on MPT and Soft Dollars
New York – A new research paper finds that modern portfolio theory has little correlation with actual asset management practices, and condemns what it sees as excess trading by managers to generate commissions to pay for research. In “Economists’ Hubris – The Case of Equity Asset Management” released the end of April, Shahin Shojai, global head ...
-
Investorside Jumps Into Fray in Theflyonthewall Case
New York, NY – Last week Investorside, the trade association for the US independent research industry, jumped into the fray by filing an amicus brief in the appeal of Barclays Capital et. al. versus Theflyonthewall.com in the Second Circuit Court. The Investorside brief supported the court’s initial decision establishing an embargo between the time Wall ...
