Description Usage Arguments Value Author(s) References See Also Examples

Converts a daily proportion gain to a corresponding annual (or several year) gain. For example, an investment that gains 0.1% per day would gain approximately 28.5% in a year (252 trading days). The formula is: `total.gain = (1 + daily.gain) ^ (252 * years) - 1`

. Here `total.gain`

and `daily.gain`

are proportions, e.g. 0.15 for 15%.

1 | ```
daily.yearly(daily.gain, years = 1)
``` |

`daily.gain` |
Numeric value (or vector) representing the daily proportion gain of an investment. |

`years` |
Number of years over which you would like to calculate the corresponding total gain. For example, set to 3 if you wish to calculate the 3-year gain for an investment that has a daily gain of |

Numeric value indicating total gain.

Dane R. Van Domelen

Acknowledgment: This material is based upon work supported by the National Science Foundation Graduate Research Fellowship under Grant No. DGE-0940903.

1 2 3 4 5 | ```
# Calculate annual gain for an investment that gains 0.1% per day
daily.yearly(daily.gain = 0.001)
# Calculate 5-year gains corresponding to various daily gains
daily.yearly(daily.gain = seq(0, 0.001, 0.0001), years = 5)
``` |

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