NO.PZ2015121801000038
问题如下:
Which of the following return calculating methods is best for evaluating the annualized returns of a buy-and-hold strategy of an investor who has made annual deposits to an account for each of the last five years?
选项:
A. Geometric mean return.
B. Arithmetic mean return.
C. Money-weighted return.
解释:
A is correct.
The geometric mean return compounds the returns instead of the amount invested.
老师,题中说每年都存,那不是每年都有现金流么?这种情况下用twrr衡量岂不是没有考虑现金流进入时点不同?