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Archived

Effective: 1 March, 2006 - 30 November, 2013

Categories: Calculation Methodology

Source: GIPS Handbook, 2nd Edition

Firm ABC has the following quarterly returns for Composite FGH:

Q1 Q2 Q3 Q4
2000 2.3 (4.7) 6.9 3.2
2001 (7.2) (2.9) 5.4 (8.0)

Calculate the cumulative returns for the following time periods for Composite FGH:

2000= ((1.023)x(0.953)x(1.069)x(1.032)-1)=.076; or 7.6%
2001= ((0.928)x(.971)x(1.054)x(0.92)-1)= -0.126 or -12.6%

18 months (from Q1 2000 through Q2 2001)=
((1.023)x(0.953)x(1.069)x(1.032) x(0.928)x(.971)-1)=-0.031 or -3.1%