Fund Manager PORTFOLIO MANAGEMENT SOFTWARE

# Re: NAV+DIV graph

[ Q3 01 - Q1 03 Archive ] [ Current Message Board ] [ Archives ] [ Search ]

Posted by Mark on August 06, 2002 at 13:43:52:

In Reply to: Re: NAV+DIV graph posted by Don on August 06, 2002 at 12:58:32:

: : : I can't seem to figure out how this is calculated i.e. the share price on the DIV+NAV graph. I added in all the distributions I received but I still don't get the same share price calculated by FM on the NAV+DIV graph. Some distributions were reinvested, others taken as cash. I just don't get it. HELP much appreciated. Thanks.

: :
: : Hi Don,

: : This graph plots the share price plus distributions per share. It
: : doesn't matter whether the distributions are reinvested or
: : distributed. The distributions are added since the start of the
: : graph date only, not since the inception of the investment.
: : You can see what distributions are recorded by using "Edit/All Data..."
: : and choosing "Distributions (all)". One column shows the
: : distribution per share. This amount is added in as of the date
: : of the distribution.

: : The idea of this graph is to show graphically the performance
: : of the fund/stock. Since distributions decrease the share
: : price of a fund, by re-adding back in that distribution you can
: : see the real performance.

: : Thanks,
: : Mark

:
: Mark, thanks for your reply. BUt I still can't get the same DIV+NAV that FM gets.

: I checked to make sure I'm only using the distributions from the starting graph date.

: I used the report function to get a read out for the total amount of distributions I received from this fund (all were didvidends). Some as cash , some reinvested, but that is not relevant, as you said...only total distributions is relevant.

: Here are the numbers, please see if you can get the same NAV+DIV as FM got:

: NAV on day of calculation = 5.89

: NAV+DIV (according to FM) = 8.406

: Total distributions (according to FM report function) =1,173

: Total number of shares now owned = 524.302

: Total number of shares purchased = 416

: (never purchased any shares after original purchase 416 shares; all other shares received as reinvestment of dividends)

: my calculations:

: 1,173/524.302 =2.237

: 2.237 + 5.89 = 8.127 NOT 8.406

: OR maybe:

: 1,173/416 =2.819

: 2.819 + 5.89 = 8.709 still NOT 8.406
:
: Where am I going wrong?

: Don

Hi Don,

The error may be in the way you're calculating dist/share. If you
have a total of 1173 the above calculation would only be valid if
they were all paid in one distribution, or all the distributions
were distributed. If you reinvested, you will have a different
number of shares. The best way to see what is going on is to
use "Edit/All Data..." and choose the "Distributsions (All)" data type.
From here you can see the dist/share for each recorded distribution.

If this still doesn't clear it up, please feel free to e-mail me your
investment file, along with the date range you're looking at on this graph.

Thanks,
Mark
--
Mark Beiley

Fund Manager, portfolio management software for Windows 95/98/ME/NT/00/XP
/XP