| The Investment Performance Report details the performance of your club's investment
portfolio as of a selected date.
Name -
The name of each security or investment held in your club portfolio as of the
selected date..
Shares Held -
The number of shares of each security in your club portfolio as of the
selected date.
Market Value -
The value of your club holdings in each security as of the ending date of the
report
Percent of Portfolio -
Each individual investment as a percentage of the total value of all the
investments held by the club.
Return Since -
The starting date specified for the report (defaults to the starting date of
your club) or the date the club first acquired the investment, whichever is
later.
Annualized Internal
Rate of Return -
The Annualized Internal
Rate of Return (AIRR)
is the internal rate of return (IRR)
of each investment taking into consideration all cash flows into and
out of that investment, as well as changes in share price.
This calculation, while quite complex, determines the
annual interest rate that would need to be paid on a bank account that
will give you the same total return on your investment.
Note: AIRR's for short periods of time can become extremely distorted
and misleading. For example: Let's look at a $1000 investment that
earns a 1% total return or $10 on the first day. On an annualized
basis $10 earned on $1000 invested for one day equals an AIRR of over
3600%. That's because the AIRR calculation is an annualized
calculation. In other words, if your put $1000 into a bank account, in
order for that $1000 to earn $10 in one day that bank account would
have to pay interest at a rate of 3679%.
To avoid confusion, a value of
N/A is displayed when the period is shorter than the configured
A.I.R.R. Wait Period. An officer may change the default
A.I.R.R. Wait Period as described in the
Club Configuration help topic.
In the unlikely event that
bivio does not find all of the data necessary to calculate an accurate
AIRR, bivio will place an ERR in the AIRR column for the
applicable security.
Annualized Internal Rate of Return on Investments - The
Annualized Internal Rate of Return on Investments is the internal rate
of return (IRR) of all investments held by the club at any time during
the date range of the report. The Annualized Internal Rate of Return
on Investments takes into consideration all cash flows into and out of
the club investment portfolio, as well as changes in share price of
each investment.
detail -
Click on this link to go to
the Investment Performance Detail Report
for the particular investment.
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