Dynamic v. Static

What's a dynamic v. a static peer group? This is a question that stumps a lot of people. Here's an example...

A dynamic peer group will update its "members" each quarter. So, say you built a group of credit unions over $1 billion in assets back in February when 4Q data was the latest cycle. At that point, Peer built you a group of 146 credit unions and calculated their average performance to show on the charts and tables.

If you saved it as a "Dynamic" peer group, when you loaded 1Q09 data, Peer took at look at the new data and said "hm..there are now 153 credit unions." At that time, it recalculated the average performance of those 153 credit unions so your graphs/tables displayed the current $1b+ credit unions' performance.

If you had saved it as a "Static" peer group, Peer stored the super-secret-never-changing-ID-number for those 146 credit unions. When you loaded 1Q data, it took the new data for those 146, whether or not they fit the original criteria of being larger than $1billion, and recalculated the peer group performance.

Ok, now that that's clear... (ha ha) More on Dynamic v. Static and Simple v. Custom on Monday. Have a good weekend.

Share your custom peer groups

Peer 2.0 comes with 10 standard (ie. asset-based) Peer Groups already built-in. Usually though, credit unions build a custom peer group against which to benchmark their performance (isn't this the reason you bought Peer after all?). Rather than make every analyst on your team go through the effort of re-creating the Peer Group, simply share the one you already built! Here's how.

(Assumption: You've already created the Peer Group). Go to the Peer Groups menu and Select Share.

Here you will see a list of Peer Groups available in your desktop version of Peer. Select the one you wish to share with others (Peer will show you the credit unions in the group in the window below).

Now, you have a couple of options. If you want other analysts to import the Peer Group into their version of Peer, select either Export .p2p (this exports the .P2P to a location of your choice) or Email (which attaches the .P2P file to an email message in your default email program). Done!

Want to import a Peer Group someone else created? On the Peer groups menu, select Manage OR from the File Menu select Import --> Peer Groups. Either way, you'll get a new window with one option being Import. Click on it.

Find the .P2P file you received from someone else (I assume here you already saved it somewhere). Click Open and you will be prompted to name and save the Peer Group.

Done!