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Risk decomposition

MSFT

Market → sector → subsector → α-residual · 2026-04-08 → 2026-09-28

MSFT factor & risk decomposition snapshot
Market
+11.8%
Sector
+6.2%
Subsector
-0.1%
α residual
+18.9%
Stock
+36.8%

Every position carries the market, its sector, and its subsector before any stock-specific move. The waterfall splits MSFT's realized return into those benchmark layers; the α residual is what the three hedge layers do not explain.

source: RiskModels — GET /ticker-returns?ticker=MSFT&years=1

How the decomposition works →Research →Run MSFT on riskmodels.net →Run any ticker via the API →

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