December 2012
Beginner
724 pages
22h 1m
English
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Chapter 10
Basic Performance Evaluation Models
Abstract
This chapter introduces the fundamental approaches for the computation of returns. The concepts of the time-weighted returns and the internal rate of return will be described in detail and compared. In practice, due to missing data, it is often not possible to compute these returns in an exact form. Therefore the most common approximation methods will be discussed. Furthermore, continuously compounded returns and different concepts for computing the active return are introduced.
10.1 Basis Formula for the Calculation of Returns
All measures for the assessment of the return discussed on this chapter are based on a simple formula for the return of a single investment without subsequent withdrawals ...
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