翻訳と辞書 Words near each other ・ Total Recall (2012 film) ・ Total Recall (Family Guy) ・ Total Recall (game show) ・ Total Recall (Luni Coleone album) ・ Total Recall (Negative Approach album) ・ Total Recall 2070 ・ Total Recorder ・ Total Recut ・ Total refraction ・ Total relation ・ Total Request ・ Total Request Live ・ Total Request Live (Italy) ・ Total Resistance (book) ・ Total Response ・ Total return ・ Total return index ・ Total return swap ・ Total revenue ・ Total revenue share ・ Total revenue test ・ Total Rewards ・ Total Rewards Professional Week ・ Total ring of fractions ・ Total route modernisation ・ Total S.A. ・ Total Science ・ Total Security ・ Total security management ・ Total set Dictionary Lists mini英和辞書 mini和英辞書 Webster 1913 Latin-English FOLDOC Wikipedia English ウィキペディア

翻訳と辞書　辞書検索 [ 開発暫定版 ] スポンサード リンク Total return ： ウィキペディア英語版 Total return The total return on a portfolio of investments takes into account not only the capital appreciation on the portfolio, but also the income received on the portfolio.〔http://www.investopedia.com/terms/t/totalreturn.asp〕 The income typically consists of interest, dividends, and securities lending fees. This contrasts with the price return, which takes into account only the capital gain on an investment. In 2010 an academic paper highlighted this issue found with most web charts in the 'compare' mode, and was published in the Journal of Behavioral Finance. 〔“What is Wrong with this Picture? A Problem with Comparative Return Plots on Finance Websites and a Bias against Income Generating Assets”, Pankaj Agrrawal and Richard Borgman, Journal of Behavioral Finance, Vol. 11, 2010, pp. 195-210. http://www.tandfonline.com/doi/full/10.1080/15427560.2010.526260〕 The discrepancy between total return charts and "price only" charts was later brought out in the Wall Street Journal. 〔Jason Zweig, WSJ, July 2011. http://www.wsj.com/articles/SB10001424052702304793504576434102752272650〕 〔Price Charts Can Mislead, WSJ, 2011. http://www.wsj.com/articles/SB10001424052970204443404577054332688164006#printMode〕 Stock and bond funds provide annual Total Return values summarizing the last ten years of operation. Total Return assumes that dividends and interest are reinvested in the funds. A reasonably accurate equation for the percent Total Return in a year of any security is the sum of the percent gain (or loss, a negative percent) over the year in the security value, plus the annual dividend yield expressed as a percent (100 × annual dividends divided by the security price at the beginning of the year). This slightly understates the Total Return because it ignores the reinvestment of dividends, as soon as they are paid, for purchasing more of the security. Professor Pankaj Agrrawal produced the ReturnFinder App to rectify the issue created by these web-charts, the App's algorithm〔Agrrawal, Pankaj, An Automation Algorithm for Harvesting Capital Market Information from the Web (March 21, 2009). Managerial Finance, Vol. 35 No. 5, 2009. Available at SSRN: http://ssrn.com/abstract=2621156 〕 includes dividends and bond income in the total return calculations. The problem can lead to the pernicious inversion of performance ordering with bond ETF's or stocks paying high dividends.〔 http://correctcharts.com〕 〔Performance Charts Problem, Christophe Gauthron, 2011. http://www.advisorperspectives.com/newsletters11/The_Problem_with_Many_Performance_Charts.php〕 ==References== 抄文引用元・出典: フリー百科事典『 ウィキペディア（Wikipedia）』 ■ウィキペディアで「Total return」の詳細全文を読む スポンサード リンク 翻訳と辞書 : 翻訳のためのインターネットリソース Copyright(C) kotoba.ne.jp 1997-2016. All Rights Reserved.