Analysis

1. Assets Overview

Assets Overview displays the market value of your total assets, including cash, stocks, options, and other assets like accrued interest and dividend receivables. It also shows the percentage of each asset class in your portfolio.

2. Basic Terms 

1. P/L Trend

The horizontal axis represents time, and the dates at each end are the beginning and ending of the period. The vertical axis is the rate of return, while the point on the curve represents the cumulative rate of return of your total assets from the beginning of the period (0%) to the end of the previous trading day, and compared with the index of the same period. This is not the annualized rate of return, but the cumulative rate of return from the beginning of the period to the day.

3. Asset Trend

The horizontal axis represents time, and the dates at each end are the beginning and ending of the period. The vertical axis is the net asset value (NAV), and the points on the curve are the NAV of your accounts converted to the same currency each day. If it is not a trading day, the NAV equals to the NAV of the previous trading day. Please note that your latest ending NAV can only be updated up until the previous trading day.

4. Yield

Moomoo CA uses three methods for cumulative rate of return.

4.1 Time-Weighted Rate of Return (TWR)

Time-Weighted Rate of Return = [1 * (1 + Rate of Return on the First Day) * (1 + Rate of Return on the Second Day)... * (1 + Rate of Return on the Last Day) − 1] * 100%

Today's Yield = Today's Income / (Yesterday's Total Assets + 0.5 * Today's Net Inflows)

When the account has frequent large deposits and withdrawals, the rate of return and the total P/L may be opposite, for example:

• T day: The total assets at the beginning of the day are $100, there is no net inflow, and the total assets at the end of T day are 150, the return on T day is positive $50, and the return on the day is +50.00%

• T+1 day: The total assets at the beginning of the day is 150, the net inflow of the day is 1000, and the total assets at the end of the day is 1050, the return on the day is negative $100, and the return rate on the day = −15.38%

• In [T,T+1], time-weighted rate of return = [(1 + 50.00%) × ( 1 − 15.38%) − 1] * 100% = 26.93%, but total P/L = 50 − 100 =−50

In this period, the rate of return is meaningless. Please refer to the total P/L or change to other methods.

4.2 Money-Weighted Rate of Return (MWR/Modified Dietz)

Money-Weighted Yield = Total P/L / Adjusted Beginning Assets

Adjusted Beginning Assets = Beginning assets + Σ (Weight of Cash Flows * Cash flows)

where Weight = (Days in Period - Day of Cash Flow) / Days in Period

This calculation improves on the accuracy of the original as it gets more precise by weighting the capital invested by the number of days it is within the portfolio. This ensures that capital which is in the fund longer has a responsibility to generate more return.

4.3 Simple Rate of Return (Original Dietz Method)

Original Dietz = Total P/L / (Beginning Assets + 0.5 * Net Cash Flows of the Period)

In an attempt to simplify the time consuming and onerous task of keep track of when external cash flows were received during the period, the formula simply multiplies the net external cash flows by 50% to assume that they were received in the middle of the period and available for investment during half of the time.

5. Net Cash Flows

Net Cash Flows = Cash Deposits − Cash Withdrawals + Transfer-In Stocks − Transfer-Out Stocks + Others

Contains two parts:

• Cash deposit and withdrawals: Refers to depositing or withdrawing funds, excluding cash seeds and gift shares.

• Stock transfer: Calculated based on the closing price of the transfer in/out stock on the day. If a cost price is set for the transferred stock, the set price will be priority used.

6. Total P/L

Total P/L = Ending Asset − Beginning Asset − Net Cash Flows

Calculated based on the ending assets, beginning assets, and net inflows. It is the total profit and loss, including trading profit and loss, transaction costs, dividends, interest costs, and exchange gains and losses.

7. Starting and Ending Net Assets

The Starting Net Assets will be calculated from the first day that you begin to hold any assets, and the calculation date will not be earlier than December 1, 2023.

The Ending Net Assets will be the net assets you hold until the previous trading day or a specific day you select.

8. Current Exchange Rate

The current day's exchange rate, as viewed on the Asset Trend Curve, is the historical exchange rate used to convert daily net asset values and net inflows.

9. Cut Off Point

The cut-off point for P/L calculation in Assets Analysis is 20:20 ET each day. For example, any P/L generated between Monday 20:20 ET and Tuesday 20:20 ET will be considered P/L for Tuesday.

II. Frequently Asked Questions

1. Is all the data on the Asset Analysis page updated in real time?

Some of the data is updated in real-time, while other data is updated based on the previous trading day.

• Total assets are calculated by converting NAV to the same currency at the real-time market exchange rate.

• The latest data for P/L Trend, Assets Trend, and P/L Calendar is updated up until the previous trading day.