dollar-weighted-return

  1. Nicole Seaman

    CFA Level 1 CFA: Holding period, money-, and time-weighted returns

    The holding period return (HPR) is given by [P(t) + D - P(0)]/P(0). The HPR does not account for the time interval, so importantly it is annualized; for example, a 15.50% HPR over 5 years is much less impressive than over one month. The time-weighted return (TWR) chains HPR together and is given...
  2. Nicole Seaman

    P2.T8.711. Time- versus dollar-weighted returns, M-squared measure, and performance attribution

    Concept: These on-line quiz questions are not specifically linked to learning objectives, but are instead based on recent sample questions. The difficulty level is a notch, or two notches, easier than bionicturtle.com's typical question such that the intended difficulty level is nearer to an...
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