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The Morningstar Rating for Funds is a rating system for investment funds operated by Morningstar. The Star Rating, debuted in 1985, a year after Morningstar was founded. The 1- to 5-star system, "looks at a fund's risk-adjusted return based on its performance over three, five and 10 years and on its volatility. The highest rating of five stars ...
The name Morningstar is taken from the last sentence in Walden, a book by Henry David Thoreau; "the sun is but a morning star". [8] [9] In July 1999, Morningstar accepted an investment of US$91 million from SoftBank in return for a 20 percent stake in the company. The two companies had formed a joint venture in Japan the previous year.
The Morningstar Rating for Stocks debuted in 2001 and was initially applied to 500 stocks. [1] [2] The stock-rating system compares a stock's current market price with Morningstar's estimate of the stock's fair value. [3] Like the Morningstar Rating for Funds, the rating is applied in the form of stars. [4]
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Symbols sometimes change to reflect mergers. Before the 1999 merger with Mobil, Exxon used a phonetic spelling of the company "XON" as its ticker symbol. [16] The symbol of the firm after the merger was "XOM". After Hewlett-Packard merged with Compaq, the new firm took on the ticker symbol "HPQ". (The former symbols were HWP and CPQ.)
The Morningstar Analyst Rating debuted in 2011 as a qualitative rating assigned by Morningstar's team of manager research analysts for funds under their coverage. This forward-looking metric is analyst-driven, and is considered an aptitude test of a fund manager's capabilities in a specific strategy. [ 1 ]
Microsoft stock has fluctuated between $400 and $450 over the past 12 months. Microsoft and Apple have been rivals ever since Bill Gates and Steve Jobs both launched competing personal computer ...
Morningstar DBRS is the fourth-largest credit rating agency by global market share, with between 2% and 3% of global market share. [3] The company is one of only four CRAs, including Standard & Poor's, Moody's Investors Service, and Fitch Ratings, to be recognized as an external credit assessment institution by the European Central Bank (ECB). [4]