yodacaia

My thought was that my example of TWR was not correct. The removal of c/f influences on TWR tripped me up. Obviously I was not including the dividend in my calc above which is a problem.

I am working in a daily valuation environment and the performance reporting service is calculating the return correctly, so there are no issues. The only issue was in my trying to replicate the calculation.

My understanding has improved thanks to bchadwick and maratikus. I appreciate the help.