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IRR, Money-weighted Return, Time-weighted Return, and the Modified Dietz Method
Author: John Kahila, Thompson Corporation
Price: $25.00

Detailed Description

A rate of return from which the effects of unsolicited changes in capital are removed is usually called a time-weighted rate of return (TWRR), in contrast with money-weighted rate of return (MWRR) where such effects are not suppresed.  MWRR is sometimes identified with internal rate of return (IRR); the author suggest that MWRR and IRR should not be identified with each other.

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