How can I use total return calculations to evaluate the performance of different cryptocurrencies?

3 answers

• dkygAug 22, 2023 · 2 years ago
  To use total return calculations for evaluating the performance of different cryptocurrencies, you need to consider several factors. First, gather the necessary data, including the initial investment amount, the current value of the investment, and any additional contributions or withdrawals. Next, calculate the total return by subtracting the initial investment from the current value and adding any additional contributions. Finally, divide the total return by the initial investment and multiply by 100 to get the percentage return. This calculation allows you to compare the performance of different cryptocurrencies over a specific period of time.
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• limu593Dec 23, 2021 · 4 years ago
  Evaluating the performance of cryptocurrencies using total return calculations is a straightforward process. Start by determining the initial investment amount and the current value of your investment. Then, subtract the initial investment from the current value to get the total return. To calculate the percentage return, divide the total return by the initial investment and multiply by 100. By using this method, you can easily compare the performance of different cryptocurrencies and make informed investment decisions.
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• meloOct 12, 2020 · 5 years ago
  When it comes to evaluating the performance of different cryptocurrencies, total return calculations can be a useful tool. By considering the initial investment, current value, and any additional contributions or withdrawals, you can calculate the total return. This allows you to assess the overall performance of a cryptocurrency over a specific period of time. Keep in mind that total return calculations do not take into account factors such as transaction fees or market volatility, so it's important to consider these factors as well when evaluating the performance of cryptocurrencies.
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