The Config dock panel, on the right side of the Index Configuration tab, allows for various setting various of the index page. Each item is discussed below.
Moving Average (Years)
Enter the number of years to apply the moving average.
Moving X Year Average
Check this box to include a moving average series in the chart.
To include the rate-of-return Distribution chart (displayed to the left of the Historical Index chart), check this box.
Check this box to display the index summary below the Historical Index chart.
Rates of Return Display Option
Select to display the rates of return chart Monthly or Annually.
Analysis may Wrap Around End-of-Index
The analysis illustrates the ending balance or additional lump sum needed for each start month of the index.
If Analysis may Wrap Around End-of-Index is checked, when the start date would result in the life expectancy going beyond the end of the index, the illustrates uses the values at the beginning of the index. (This will result in more scenarios being run).
If it is not checked, the calculation will only used those start dates that have sufficient months in the index for the life expectancy.
For example, if an index has 20 years (240 months) and the life expectancy for the illustration is 10 years. If Analysis may Wrap Around End-of-Index is not checked, calculations will start for the first 120 months and will stop as life expectancy goes to the end of the index. If it is checked, after 120 months, the illustration will use the rates of return from the beginning of the index, and therefore will have 240 scenarios.
Borderline Success is when the remaining cash balance (or additional funding needed) is within a specific value range, and may be considered risky for the client. For example, it may be considered risky if a client has between $0 and $100,000 at life expectancy and therefore could be considered borderline success. Enter the values accordingly.
The Chart Colors configuration allows the user to choose the color scheme of the displayed charts. Several pre-defined color themes are available: Report Theme, Traditional and Custom. The user may also customize the individual colors in the palette.