The following formula calculates the cumulative return of the portfolio: Where: TWR = Time-weighted return n = Number of sub-periods HP = (End Value – (Beginning Value + Cash Flow)) / (Beginning ...

For investors, one of the most important metrics of a company is return on equity (ROE), which ... The Chartered Financial Analyst (CFA) exam, which will be administered on June 6, is among ...

Internal rate of return (IRR) is one of several well-known formulas used ... a certain period of time and determine whether it's a worthwhile venture. As Daniel Garza, CFA, who manages a research ...