Time-Weighted Rate of Return (TWR)
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The initial value of the investment: - This is the value of the investment at the beginning of the period. -
The ending value of the investment: - This is the value of the investment at the end of the period. -
The cash flows into and out of the investment: - This includes any contributions or withdrawals made during the period. -
The number of sub-periods in the investment period: - This is the number of times that the investment value and cash flows are recalculated.