The table shows the results of the skill screening. It ranks the products in the universe by our proprietary Aapryl Score metric, which a measure of the likelihood that a manager will perform in the top quartile over the next 3 years. Aapryl Score is the probability over random that a manager will perform in the top quartile. It is displayed as an inflator or deflator with 1 being random; the higher the Aapryl score, the higher the probability of being in the top quartile. For example, a manager’s random probability of being in the top quartile is 25%, so the Aapryl Score would be one. An Aapryl Score of 1.5 would indicate that the manager has a great chance than random (in this case (1.5 x 25%=37.5%) of being in the top quartile. Similarly, an Aapryl Score of .7 would be a less than 25% chance of being in the top quartile (.5 x 25%=12.5%).
While historic manager data is available, this table is unique in that the results are forward looking and predictive of future results rather than merely showing historical data. This allows users to identify managers that are expected to outperform in the future rather than managers who have outperformed in the past.