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06/17/2013
Latest version of TraderCode(v5.6) includes new Technical Analysis indicators, Point-and-Figure Charting and Strategy Backtesting.



06/17/2013
Latest version of NeuralCode(v1.3) for
Neural Networks Trading.



06/17/2013
ConnectCode Barcode Font Pack - enables barcodes in office applications and includes an add-in for Excel that supports mass generation of barcodes.



06/17/2013
InvestmentCode, a comprehensive suite of
Financial calculators and models for Excel is now available.



09/01/2009
Launch of
Free Investment and Financial Calculator for Excel.



02/1/2008
Release of
SparkCode Professional - add-in for creating Dashboards in Excel with sparklines



12/15/2007
Announcing
ConnectCode Duplicate Remover - a powerful add-in for finding and removing duplicates entries in Excel



09/08/2007
Launch of
TinyGraphs - open source add-in for creating sparklines and tiny charts in Excel.


Money Weighted Rate of Return

Money Weigthed Rate of Return is also known as the Dollar Weighted Rate of Return in the US. It uses the IRR formula calculation as described in the previous section. In the Money Weighted Rate of Return, the formula places more weightage on the period where more money is invested. If more money is invested in an unfavourable time, it will lower the overall Money Rate of Return. Likewise, more money is invested in a favourable time, it will increase the Money Rate of Return.

Consider the scenario where an investment manager performed very well in the past few years but only average this year. And you decided to further invest a significant amount of money this year to him. This will further lower his Money Weighted Rate of Return as more money this year means that the formula calculation will put more “emphasis” on the returns this year. This is considered unfair to the investment manager. We thus require a Rate of Return which we can judge without the bias in weightage of money. This is explained in the next section Time Weighted Rate of Return.

You may want to refer to the Money Weighted Rate of Return in the Rate of Return.xls spreadsheet.

Next :
Time Weighted Rate of Return

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