PENSIM input parameters

PENSIM input table CSTOCK

Table with return characteristics of corporate equity asset classes with less diversification than the S&P 500 collection of corporate equities. Table parameters also control annual profitability of companies that sponsor DC profit-sharing plans, and therefore, influence employer contributions to those kinds of plans.

Parent table is: ASSETS

There are no child tables.

Go to PENSIM input parameters overview

PENSIM: CSTOCK . id
Identifies corporate stock asset class characteristics specified on this row of table, so id value should be unique.

Valid values: 1 to 999999999, Integer

PENSIM: CSTOCK . notes
Describes specification of table row in free-form note.

Valid values: any ASCII text, Memo (Note: do not copy and paste from a word processor because of the possibility of embedded non-ASCII characters.)

PENSIM: CSTOCK . sync_rns
Specifies whether or not random number streams used to generate individual-specific and job-specific corporate-stock returns are synchronized across runs that have the same cohort samples and job histories. The benchmark runs assume a value of false (F) for this parameter. Changing this parameter to true (T) will substantially increase run execution times, typically by 30 to 35 percent.

Valid values: T (=1) or F (=0) (for true or false), Logical

PENSIM: CSTOCK . dev_sd_com
The return on company stock is assumed to be the return on the S&P 500 index plus a random number drawn from a normal distribution with zero mean and standard deviation equal to this parameter, which is expressed in percentage terms.

Valid values: any non-negative value, Real

PENSIM: CSTOCK . dev_sd_stk
The return on 'individual stocks' asset category (see the four ACCTAAn tables) is assumed to be the return on the S&P 500 index plus a random number drawn from a normal distribution with mean equal to dev_mn_stk (see below) and standard deviation equal to this parameter, which is expressed in percentage terms.

Valid values: any non-negative value, Real

PENSIM: CSTOCK . dev_mn_stk
The return on 'individual stocks' asset category (see the four ACCTAAn tables) is assumed to be the return on the S&P 500 index plus a random number drawn from a normal distribution with mean equal to this parameter, which is expressed in percentage terms, and standard deviation equal to dev_sd_stk (see above).

Valid values: any non-negative value, Real

PENSIM: CSTOCK . dev_sd_def
The return on the diversified-equity fund (see the four ACCTAAn tables) is assumed to be the return on the S&P 500 index plus a random number drawn from a normal distribution with mean equal to dev_mn_def (see below) and standard deviation equal to this parameter, which is expressed in percentage terms.

Valid values: any non-negative value, Real

PENSIM: CSTOCK . dev_mn_def
The return on the diversified-equity fund (see the four ACCTAAn tables) is assumed to be the return on the S&P 500 index plus a random number drawn from a normal distribution with mean equal to this parameter, which is expressed in percentage terms, and standard deviation equal to dev_sd_def (see above).

Valid values: any non-negative value, Real

PENSIM: CSTOCK . dev_sd_tdf
The return on the non-S&P-500 stocks held by the target-date fund (see the TDF_AA table) is assumed to be the return on the S&P 500 index plus a random number drawn from a normal distribution with mean equal to dev_mn_tdf (see below) and standard deviation equal to this parameter, which is expressed in percentage terms.

Valid values: any non-negative value, Real

PENSIM: CSTOCK . dev_mn_tdf
The return on the non-S&P-500 stocks held by the target-date fund (see the TDF_AA table) is assumed to be the return on the S&P 500 index plus a random number drawn from a normal distribution with mean equal to this parameter, which is expressed in percentage terms, and standard deviation equal to dev_sd_tdf (see above).

Valid values: any non-negative value, Real

PENSIM: CSTOCK . rn_str_com
Specifies the random number stream used to realize the normal variates used to compute returns on company stock.