SAN FRANCISCO, November 13 /PRNewswire/ --
- Next Generation Application Provides Real-Time Ranking of a Company's Relative Risk, in Time for Investors to Act
Glass Lewis Co., LLC, a leading independent research and proxy advisory firm, today announced the launch of the Risk Monitor, a tool that enables investors to understand the potential risk of their portfolio based on accounting, legal and regulatory matters that are often overlooked or poorly understood by sell side analysts.
Glass Lewis' Risk Monitor is a web-based application that uses quantitative analysis to rank public companies based on their relative risk profile. The profiles are generated in near real-time and are summarized as percentile-based scores. The scores are calculated by tracking more than 30 data patterns that Glass Lewis has identified as predictive of risk to shareholder value.
The scores are regularly updated and adjusted to account for recent weakness or strength in a company's stock, as well as the relative valuation metrics.
Each company's score reflects its relative risk position within a user-defined universe, with the 100th percentile representing the highest risk ranking. Users can measure a company's relative risk score compared to their portfolio, an industry group, market cap or index of their choosing.
Currently, the Top 10 riskiest companies as identified by Glass Lewis are as follows:
Ticker Company Risk Score Industry 1 AMT American Tower Corporation 100 Communications Services 2 ATVI Activision, Inc. 100 Software Programming 3 ILMN Illumina, Inc. 100 Scientific Technical Instr 4 WFC Wells Fargo Company 99 Money Center Banks 5 APOL Apollo Group, Inc. 99 Schools 6 FRT Federal Realty Investment Trust 99 Real Estate Operations 7 MFE McAfee, Inc. 99 Software Programming 8 IMCL ImClone Systems Incorporated 98 Biotechnology Drugs 9 ADM Archer-Daniels-Midland Company 98 Food Processing 10 NI NiSource Inc. 98 Natural Gas Utilities
This new service will allow our clients to identify at a glance those companies in a portfolio with potential business, accounting, legal and corporate governance risk before it has a meaningful impact on their investments, said Katherine Rabin, Chief Executive Officer of Glass Lewis. With an increasingly volatile market, it's clear that many fiduciaries will want to be informed of such risks, in time to act.
About Glass, Lewis Co., LLC
Glass, Lewis Co. is a leading investment research and global proxy advisory and voting services firm, serving institutions that collectively manage more than US$17 trillion. Glass Lewis helps institutional investors make more informed investment and proxy voting decisions by identifying business, legal, governance and financial statement risk at more than 17,000 companies worldwide. Founded in 2003, Glass Lewis is headquartered in San Francisco with offices in New York, London, Tokyo, and Sydney.
Bayley Diamond of Glass Lewis Co., LLC, +1-415-738-4115, bdiamond@glasslewis.com
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