Hisar (city) Hisar pronunciation (helpÂ·info) or Hissar, is the administrative headquarters of Hisar district of Hisar division in the state of Haryana in northwestern India.
It then calculates the cumulative return and the average return in three ways -- first the numeric average of the numbers you enter, and then the cumulative return divided by the number of years, and finally by taking the cumulative return and finding the single rate that would compound to that cumulative amount over your time period.
A time-weighted return simply reflects how much your money would have grown if you had opened the account at the beginning of the period and didn't subsequently add or remove any money. Let's say you invested $10,000 five years ago and your cumulative time-weighted return was 25%. If you made no account contributions or withdrawals, your account would grow to $12,500 by the end of the five years. This is usually a reasonable reflection of your portfolio's performance--but not always. To understand why, it's helpful to consider the difference between time-weighted returns and the alternative way of calculating performance, known as dollar-weighted returns.