2.1 Daily Rate of Return of Common Stocks
The daily rate of return of a common stock for the days when there is neither ex-cash dividend nor ex-right:
| Daily | Rate of Return = [(Today's Closing Price / Previous Trading Day's Closing Pirce) - 1] x 100 |
The daily rate of return of a common stock for the days when there is either ex-cash dividend or ex-right:
| Daily | Rate of Return = {[Today's Closing Price x (1+S%+N%) + Cash Divident] / (Previous Trading Day's Closing Pirce + FxN%) - 1} x 100 |
| where | S% = Stock Dividend Percentage;
| | | N% = New Issue Percentage;
| | | F = Flotation Price of New Issue.
| |
The daily rate of return of a preferred stock for the days when there is neither ex-cash dividend nor ex-right:
| Daily | Rate of Return = [(Today's Closing Price / Previous Trading Day's Closing Pirce) - 1] x 100 |
The daily rate of return of a preferred stock for the days when there is either ex-cash dividend or ex-right:
| Daily | Rate of Return = {[Preferred Stock's Closing Price + Common Stock's Closing Price x (S% + N%) + Cash Dividend] / (Preferred Stock's Previous Trading Day's Closing Price + F x N%) - 1} x 100 |
| where S%, N%, F are as defined above. |
2.3 | Weekly, Monthly, Quarterly and Annual Rates of Return |
| Weekly | Rate of Return = (1 + Daily Rate of Return on the First Trading Day of the Week) x (1 + Daily Rate of Return on the 2nd Trading Day of the Week) x ....... x (1 + Daily Rate of Return on the Last Trading Day of the Week) - 1 |
The formulas for the monthly, quarterly and annual rates of return are similar to the formula for the weekly rate of return above.
