Re: Differences in Gain fields

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Posted by Mark on November 28, 2006 at 12:48:12:

In Reply to: Re: Differences in Gain fields posted by Corey on November 28, 2006 at 12:03:48:

: I though %Gain-V looks at the value changes between two dates. So I'm still not clear on %Gain vs. %Gain-I (and maybe %Gain-V). If I
: try to interpret the formulas, it seems that %Gain takes into account redemptions, while %Gain-I does not (which is why I ask if %Gain-C, which does not have redemptions, would be the same as %Gain-I). Did I miss something?

%Gain-V only looks at the beginning/ending values, nothing else...

%Gain (between) and %Gain-I (between) would be the same, but the other %Gain values are for only currently owned shares, or for the inception. These 2 %Gains are essentially the same thing, given the calculation is for the same dates.

In general, %Gain numbers can often be misleading, as they are not time/value weighted. Yields on the other hand, are time and value weighted.

: Got it. Does the Fund Performance yield of a portfolio equal weight the investments (in the portfolio)? (I.e. if Portfolio A consists of 90% stock 1 and 10% stock 2, would the Fund Performance yield take this into account or does it just measure the intrinsic price and distributions of stock 1 and 2 equally)?

The Fund Performance yield numbers for portfolios are not too meaningful. They are just simple averages, not weighted averages.

: And how does the Fund Performance yield of a portfolio handle the purchases and redemptions of the investments in the portfolio?

It doesn't, see above. For yields of a portfolio, look at the ROI yields.

: Thanks again.

Thanks,
Mark
--
Fund Manager - Portfolio Management Software

Replies:

• Re: Differences in Gain fields John 17:55:51 12/01/06 (1)
  • Re: Differences in Gain fields Mark 11:36:30 12/02/06 (0)