Portfolio name
Provided by the user when designing the portfolio.
User documentation · Restitutions
Understand your diagnosis.
Every WERIN restitution after you design your portfolio — charts, tables and KPIs.
This note describes and explains the fields returned by WERIN once the user has designed (or is consulting) a portfolio.
Renaming in progressLabels being unified
Labels being unified
Show the mapping table
For clarity, some technical labels are being replaced by their user-facing terms. This mapping applies everywhere in the restitution.
| Technical label | User-facing label |
|---|---|
| Target | Target portfolio |
| Others | Comparison portfolio |
| Index | Index |
| NOTATION WERIN | WERIN composite indicator |
| Goal Increase | Future profitability outlook |
| NIEmployeesRel | Operational performance of the company |
| Interest Coverage Ratio | Financial safety |
| Dividend Yield | Dividend distribution |
These renamings are being rolled out in the WERIN application. This documentation already uses the final labels.
Section 1
Top banner of the results page
Once the user has designed their portfolio, WERIN returns a complete page that includes the following items.
usmulti
April 2017
April 2026
Voir les critères du portefeuille
Paramètres généraux
- Zone géographique
- États-Unis (S&P 500)
- Nombre de titres
- 8
- Montant investi
- 10 000 €
- Coûts de transaction
- Inclus
- Date de début
- 30/04/2017
- Mode de pondération
- Werin
- Diversification sectorielle
- 1
Critères de sélection
- Perspective de rentabilité (WERIN)
- 3 / 4
- Performance ESGC
- 1 / 4
- Sécurité financière
- 4 / 4
- Rentabilité financière
- 2 / 4
Révision
- Modèle de révision
- Critères choisis manuellement
- Révision sur perte
- Oui
- Perte maximale acceptée
- -0,2 %
Back-testing start / end date
Editable, allowing analysis over sub-periods.
Track this portfolio
Save button. Any unsaved portfolio is deleted overnight.
Performance with dividends
Checkbox. The user can express the back-testing performance taking dividends into account. Dividends are considered non-reinvested in order to avoid artificially inflating performance.
Base 100 at portfolio creation date
For a saved portfolio, this rebases the back-testing to the creation date (base 100) for better comparison. By default, back-testing starts at the « Start date ».
View portfolio criteria
Reminder of the user's configuration: geographic area, number of holdings, amount, transaction costs, weighting mode, sector diversification, selection criteria with their weights, revision model and maximum acceptable loss.
Section 2
Literal analysis of the portfolio
« Portfolio on predefined criteria » text block, generated automatically.
First paragraph
Recaps the user's choices: start date, end date, number of holding lines, universe, etc.
Second paragraph
Literal analysis of the portfolio summarising the metrics computed by WERIN. The pros and cons of the configuration are laid out. This analysis is neither a normative assessment nor an incentive to invest: it strictly reflects the user's choices.
Key definitions
These terms appear throughout the restitution. Patrick Sentis requires that the labels Target / Others / Index be replaced in the app by the exact terms below.
| Technical label (to be replaced) | User-facing label | Description |
|---|---|---|
| Target | Target portfolio | Designates the portfolio created by the user. |
| Others | Comparison portfolio | Also called « opposition portfolio ». Implemented by WERIN with the same number of lines as the target portfolio but with selection criteria set to the opposite. It helps assess the relevance of the chosen criteria. For instance, if the user weights a criterion lightly, that weight will be high for the opposition holdings. |
| Index | Index | Reference index of the chosen universe. WERIN computes its value by including all companies in the universe and weighting them by their market capitalisation. |
Section 3
Key indicators (6 KPI cards)
The six summary indicators displayed at the top of the results page.
Indicateur composite WERIN
A
Nombre de titres
8
Révision
Fréquente
Modèle de révision
Automatique
Montant investi
10 000 €
Valeur au 03/04/2026
37 835 €
WERIN composite indicator
Formerly NOTATION WERIN
Composite indicator computed by WERIN combining 3 layers of analysis:
- 1
Consistency with your criteria
Alignment of the configuration with the parameters you defined.
- 2
Historical data
Visualisation of past performance based on market data.
- 3
ESG characteristics
Extra-financial indicators of the companies that make up the configuration.
This indicator is provided for informational purposes only. It allows different configurations to be analysed, but is not a normative assessment nor an incentive to invest.
Number of holdings
Number of holding lines in the portfolio (e.g. 8).
Revision (frequency in back-testing)
Measures the revision frequency observed during back-testing.
| Infrequent | fewer than 4 times per year |
|---|---|
| Frequent | between 4 and 8 times per year |
| Very frequent | more than 8 times per year |
Revision model
Indicates how revision is configured by the user.
| Automatic | if the user has not specified a trigger period |
|---|---|
| Periodic | otherwise, displays the chosen period (e.g. every 3 months) |
Invested amount
Initial amount specified by the user when designing the portfolio, used in the back-testing.
Value
Example: €37,835 on 03/04/2026
Portfolio value updated to the latest closing prices. By default, computed from the back-testing start date. For a saved portfolio, computed from the saving date — at first save, the amount equals the invested amount.
Section 4
Performance chart
« Performance chart » tab.
Represents the back-testing result: the portfolio's performance as if the user had held it from the start date.
Performances
- Portefeuille cible
- Portefeuille de comparaison
- Indice
- Rebalancement
- Market Valuation
Chart legend — 4 curves + 1 series of points
Target portfolio (Target)
Blue curve: the portfolio designed by the user.
Comparison portfolio (Others)
Red curve: the opposition portfolio implemented by WERIN.
Index (Index)
Yellow curve: reference index of the chosen universe.
Rebalancing (Rebalancing)
Green dots: portfolio rebalancing dates.
MV (Market Valuation) (MV)
Purple curve: WERIN internal metric to assess market dynamics.
Reading the MV metric
MV > 120 — strong market dynamics
MV < 90 — weak market dynamics
MV is more relevant in sub-periods, since it uses the start of the period as its base.
Available user actions
- Specify a sub-period by editing the start/end dates
- Rebase the chart to the portfolio creation date
- Tick « Performance with dividends »
Section 5
Portfolio composition
« Portfolio composition » tab. Table resulting from the criteria you provided.
Composition du portefeuille
| Date | Entreprise | ISIN | Révision | Poids | Prix init. | Nb titres | Dernier prix | Performance |
|---|---|---|---|---|---|---|---|---|
| 31/03/2026 | First Solar Inc | US3364331070 | R | 0,099 | 197,26 | 22 | 195,32 | -0.0098 |
| 31/03/2026 | NVIDIA Corp | US67066G1040 | R | 0,10 | 145,50 | 30 | 148,20 | +0.0186 |
| 31/03/2026 | Williams-Sonoma Inc | US9699041011 | R | 0,10 | 182,33 | 24 | 180,17 | -0.0118 |
| 31/03/2026 | Ulta Beauty Inc | US90384S3031 | R | 0,099 | 401,20 | 11 | 410,50 | +0.0232 |
| 31/03/2026 | Incyte Corp | US45337C1027 | R | 0,099 | 65,40 | 67 | 67,10 | +0.0260 |
| 31/03/2026 | T Rowe Price Group Inc | US74144T1088 | R | 0,09 | 90,14 | 44 | 90,17 | +0.0003 |
| 31/03/2026 | Caterpillar Inc | US1491231015 | R | 0,099 | 320,45 | 14 | 318,20 | -0.0070 |
| 31/03/2026 | Johnson & Johnson | US4781601046 | R | 0,10 | 158,30 | 28 | 159,10 | +0.0051 |
Indice de diversification sectorielle
Excellent0,83
83 %
| DATE | COMPANY | ISIN | REVISION | WEIGHT | INIT. PRICE | QTY | LATEST PRICE | PERFORMANCE |
|---|---|---|---|---|---|---|---|---|
| 03/04/2026 | First Solar Inc | US3364331070 | R | 0.099 | 197.26 | 22 | 195.32 | -0.0098 |
Example row: First Solar Inc, performance -0.98% between 31/03/2026 and 03/04/2026.
Field definitions
DATE
Back-testing end date. Coincides with the portfolio creation date when the portfolio has just been saved.
COMPANY
Name of the company (e.g. First Solar Inc).
ISIN
ISIN identifier of the security.
REVISION
Indicates whether the portfolio should be revised. R means « revision recommended »; this concerns saved and tracked portfolios (see the « Revision » module).
WEIGHT
Percentage of the amount invested in the security relative to the total amount invested.
INIT. PRICE
Initiation price: the security's price at the back-testing end date.
QTY
Number of each security in the portfolio.
LATEST PRICE
Security price at the next date in the database. Corresponds to the latest closing price (e.g. 03/04/2026, review carried out on 04/04/2026).
PERFORMANCE
Return of the security between the INIT. PRICE date and the LATEST PRICE date (e.g. -0.98% between 31/03/2026 and 03/04/2026).
Sector diversification index
Example: 0.83 — ExcellentWERIN internal measure inspired by the Herfindahl-Hirschmann concentration index. It assesses whether portfolio risk is spread across several sectors.
- An index close to 1 means very good sector diversification.
- Displayed with a progress bar and a qualitative label (Excellent, Good, Average…).
Section 6
Metric BarCharts (12 charts)
« BarCharts » tab. Comparison Target portfolio / Index / Comparison portfolio.
Momentum 1 mois
- Portefeuille cible: 0,021
- Indice: 0,016
- Portefeuille de comparaison: 0,010
Alpha de Jensen
- Portefeuille cible: 0,005
- Indice: 0,000
- Portefeuille de comparaison: -0,011
Performance ESGC
- Portefeuille cible: 6,5
- Indice: 6,2
- Portefeuille de comparaison: 5,5
PBRel (Price-to-Book ajusté)
- Portefeuille cible: 1,60
- Indice: 1,00
- Portefeuille de comparaison: 0,80
Perspectives de rentabilité future
- Portefeuille cible: 0,10
- Indice: -0,02
- Portefeuille de comparaison: -0,30
Performance opérationnelle de l'entreprise
- Portefeuille cible: 2,3
- Indice: 1,0
- Portefeuille de comparaison: 0,6
Risque systématique (beta)
- Portefeuille cible: 1,00
- Indice: 1,00
- Portefeuille de comparaison: 0,90
Sécurité financière
- Portefeuille cible: 18,5
- Indice: 4,5
- Portefeuille de comparaison: 2,0
Distribution de dividendes
- Portefeuille cible: 0,013
- Indice: 0,018
- Portefeuille de comparaison: 0,030
Taille de l'entreprise
- Portefeuille cible: 2,0
- Indice: 1,0
- Portefeuille de comparaison: 0,5
Recommandation
- Portefeuille cible: 2,2
- Indice: 2,3
- Portefeuille de comparaison: 2,4
Growth / Value
- Portefeuille cible: 0,21
- Indice: 0,02
- Portefeuille de comparaison: -0,05
Rentabilité financière (ROE)
- Portefeuille cible: 0,32
- Indice: 0,16
- Portefeuille de comparaison: 0,06
Risque total (volatilité)
- Portefeuille cible: 0,052
- Indice: 0,040
- Portefeuille de comparaison: 0,030
Normalisations to keep in mind
- Jensen's Alpha of the index: always 0 by construction.
- Beta of the index: always 1 by construction.
- PBRel and NIEmployeesRel adjusted by the sector median: always 1 for the index.
All metrics are computed over the back-testing period and correspond to their median over that interval.
| Technical label (to be renamed) | User-facing label | Description |
|---|---|---|
| Momentum 1 mois | 1-month momentum | Past performance over 1 month (same logic for 3, 6, 9, 12 months depending on user selection). |
| Alpha Jensen | Jensen's Alpha | Portfolio performance measure used by WERIN. Index = 0 by construction. |
| ESGC | ESGC performance | Environmental, social, governance score plus controversies. |
| PBRel | PBRel (Price-to-Book adjusted by sector median) | Price / Book value per share ratio adjusted by the sector median. > 1: companies more highly valued than half of their sector. < 1: the opposite. |
| Goal Increase | Future profitability outlook | WERIN metric blending fundamentals and market sentiment. |
| NIEmployeesRel | Operational performance of the company | Net income to headcount, adjusted by the sector median. |
| Beta | Systematic risk (beta) | Sensitivity to global events. Index = 1 by construction. WERIN adjusts so that the universe beta equals 1. |
| Interest Coverage Ratio | Financial safety | Composite combining indebtedness and interest expense coverage. |
| Dividend Yield | Dividend distribution | Historical yield over a rolling year. |
| Dividend Est | Dividend Yield Est | Analyst forecasts on 1-year yield. |
| Size | Company size | Ratio of the weighted sum of market caps of portfolio companies to the same sum for the index. > 1: portfolio among the largest companies in the index. |
| Recommendation | Recommendation | Buy / sell / hold recommendations from financial analysts. |
| GrowthValue | Growth / Value | Economic orientation. > 0: Growth orientation. < 0: Value orientation. |
| ROE | Return on Equity (ROE) | Return on Equity = net income / shareholders' equity. |
| Total Risk | Total risk (volatility) | Standard deviation of annual returns. |
Section 7
Company information
Final tab or section. Cards presenting each company in the portfolio.
For every company in the portfolio, WERIN displays a card structured as follows.
Informations des entreprises
NVIDIA Corp
Entreprise technologique spécialisée dans les processeurs graphiques. Lancement de nouvelles cartes graphiques haut de gamme pour les jeux vidéo.
Ulta Beauty Inc
Chaîne de magasins de produits de beauté et de soins personnels. Lancement de nouvelles marques exclusives et expansion du réseau.
Williams-Sonoma Inc
Vente au détail spécialisée dans les ustensiles de cuisine. Lancement d'une collection écologique.
Incyte Corp
Société biopharmaceutique axée sur la recherche en oncologie. Résultats prometteurs sur un nouveau traitement.
Company name
For example: Ulta Beauty Inc, Williams-Sonoma Inc, NVIDIA Corp, Incyte Corp.
Short business description
Summary of the company's business and positioning.
Recent news
Product launches, expansions, financial results and other notable events.
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