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December 2013.pdf

DEC13NL.pdf
Preview of December 2013
🔗 Source: tsgperformance.com
📊 Size: 820 KB
👤 Author: David Spaulding
⬇️ Downloads: 62

Summary

Annualizing cumulative returns for periods that don't consist of whole months or years is tricky. To annualize, you need to divide the number of days by a certain number, but it's unclear what that number should be. Some firms use 365, some use 365.25, and some adjust for leap years. The correct approach depends on whether the period includes February 29 and the length of the period. The error from using a fixed number may not be material, but testing is needed to determine the best approach.

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Description

Annualizing cumulative returns for periods that don't consist of whole months or years is tricky.

Technical Information

  • File Format: PDF
  • File Size: 820 KB
  • Pages: 9
  • Language: EN
  • Author: David Spaulding
  • Total Downloads: 62
  • Last Updated: 2 weeks ago

Document Overview

This PDF document about December 2013 provides comprehensive information and guidance. Whether you're a beginner or advanced user, this resource offers valuable insights into December 2013.

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