In 2010, PayNet introduced AbsolutePD Outlook as the first ever source for county and industry default forecasts. AbsolutePD Outlook takes advantage of the millions of forecasts on individual businesses that PayNet calculates with the AbsolutePD forward-looking probability of default model. These individual business forecasts are aggregated by four-digit NAICS for each county in the United States. PayNet models these forecasts across the Census Count population of businesses such that there is a default forecast available for each county where one or more businesses exist in any four digit NAICS sector (see Census Count) below for applications.
As you enter the page, the Sector Study displays the National Sector Study.
The Benchmark Section displays the forecast for the United States and, in the window shade with the orange carat, the forecast detail for the 50 states and DC – clicking on the carat will expand the list to show them all. Below the Benchmark Section, the Sector Detail displays the National forecast for up to 4-digit NAICS (for SBInsights Subscribers).
The Sector Detail uses the same window shade approach as the Benchmark Section and you can drill down through any Sector by clicking on the orange carats. There is also a “Search NAICS” box just above the Benchmark Section (see NAICS Search below for more information).
Using the report selection panel:
To drill down geographically through the Benchmark and Sector Study forecasts:
Choose State:
Using the dropdown list. The Benchmark section will now display the US and State benchmark forecasts and the Benchmark window shade can be expanded to show the forecast for every county in the state.
Choose County:
Using the lookup feature, you can search for any County (or Commuting Zone) in the chosen State. Selecting a County will cause the Benchmark Section to now display the US, State and County benchmark forecasts and the Sector Detail section will show the default forecasts for the industries where the current Census identified businesses existing in that county.
Choose Market Radius:
The market radius features allows you to select adjacent counties that fall within the selected radius (in miles) and then aggregates the forecasts of the businesses located in those counties into a combined forecast. Selecting a market radius will cause the Benchmark Section to now display the US, State and Market benchmark forecasts with the list of counties in that radius and their forecasts in the Benchmark window shade. The Sector Detail section will show the default forecasts for the industries for businesses in that market where the current Census identified businesses existing in those counties.
Export Results:
You can export the results from the results of your selection in a printer friendly format or as a .csv file that will open in Microsoft Excel. Both the Benchmark and Sector Detail sections will be exported.
Suggested applications for the Sector Study:
- Underwriting analysis of regional and industry risk trend and forecast – save time over searching for this information.
- Monitoring concentrations by region and industry to spot emerging risks.
- Board reporting of objective measures of local economic conditions.
For more information about the many application of the PayNet AbsolutePD Sector Study please contact your PayNet representative or Customer Support at 866-825-3400.