This document explains methodology of calculation for the Canopy website.
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The second chart represents the absolute performance expressed in base currency.
Important Note: Canopy captures the accurate purchase price for any security transactions - also for Security transfers or Opening entries for accounts.
Especially for long-held positions there almost always be a jump in performance.
Canopy behaves in the following ways with regard to security transfers that are at the historical purchase price and therefore off-market for the booking day:
1) Security specific returns:
This captures the original traded price that was used as an input.
Here we will show the full profit of the position, based on the original cost of acquisition.
This provides an overview of the overall profitability of the position and is accessible on the security page and the holdings page.
2) Time-weighted return:
Since this is a very period specific number, it will not be impacted by external transfers.
Because the profit was generated out of period it should not be attributed here and would be misleading.
Canopy, therefore, removes the first-day profit of all transfer trades.
This is applicable to the top chart on the Performance page
3) Absolute return:
This number is a logically a little bit sandwiched between (1) and (2).
On one hand, it can be used for period specific attribution but the overall return of the portfolio is also relevant.
We have decided that this metric is closer to (1) than it is to (2). Meaning, Canopy will show the overall absolute cash number performance of their portfolio and holdings.
For this reason, the absolute return will be impacted by transfers - this may show spikes in the absolute performance chart which are not present in the (relative) time weighted performance chart.
This is applicable to the bottom chart on the Performance page
Net Asset Value
NAV0 = 100
NAVt =NAVt-1 * (1 + Net Worth Percent changet)
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Portfolio > Holdings
Base Value
Base Value is related to the term Base Currency, which is used for accounting purposes to refer to the currency in which an investor maintains his accounting book. Base Value is the value of your holdings in your base currency.
Cumulative Change in Value
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