Net Annualized Return (NAR) is calculated by annualizing the cumulative sum of monthly proceeds over the cumulative sum of start of month balances:

where
- n is the number of months since inception
 - and monthly proceeds is:
 

Modified on: Thu, 21 Nov, 2024 at 12:26 PM
Net Annualized Return (NAR) is calculated by annualizing the cumulative sum of monthly proceeds over the cumulative sum of start of month balances:

where

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