Difference between revisions of "Manuals/calci/XIRR"

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<div style="font-size:30px">'''XIRR(V, Dates, G)'''</div><br/>
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<div style="font-size:30px">'''XIRR (CashFlowEvents,Dates,StartGuess,Accuracy,NoOfIterations)'''</div><br/>
  
*<math>V</math> is a series of cash flows which equivalent to a schedule of payments in dates.
+
*<math>CashFlowEvents</math> is the array of values.
*<math>Dates</math> is a schedule of payment dates which equivalent to the cash flow payments.  
+
*<math>Dates</math> is the date value.
*<math>G</math> is a number that you guess is close to the result of this function.
+
*<math>StartGuess</math> is the starting number is close to the result of XIRR.
 +
*<math>Accuracy</math> is the accuracy value.
 +
*<math>NoOfIterations </math> is the number of iterations.
 +
**XIRR(), returns the internal rate of return for a schedule of cash flows that is not necessarily periodic
  
 
==Description==
 
==Description==
*This function computes the internal rate of return for a schedule of cash flows that is not essentially periodic.
+
*This function gives the internal rate of return for a series.
*This function suppose at least one positive cash flow and one negative cash flow.
+
*In this function the cash flows that occur at uniform intervals which means that is not necessarily periodic.
*The numbers in dates should be valid dates.  
+
*To calculate the internal rate of return for a series in a periodic time ,we can use the IRR function.
*In most cases no need to provide guess
+
*<math>XIRR</math> is the <math>IRR</math> when the periodicity between cash flows is not equal.
XIRR shows the error value:
+
*<math>XIRR</math> function uses the iterative process to calculate the returns, so it is not possible to trial by hand.
1.whenever any number in dates precedes the starting date or values
+
*So this is most powerful function in CALCI.
2.<math>Dates</math> contain a different number of values.
+
*In  <math>XIRR (CashFlowEvents,Dates,StartGuess,Accuracy,NoOfIterations)</math> ,<math>CashFlowEvents</math> is an values which is the array or a reference to cells that contain numbers for which you want to calculate the internal rate of return.
 +
*<math>CashFlowEvents</math> must have atleast one positive and one negative value to find the internal rate of return.
 +
*Normally the first payment is optional,so the corresponding payment that occurs at the beginning of the investment.  
 +
*Then the first payment should be negative value.
 +
*<math>Dates</math> is the date value which is indicating the schedule of the payment.
 +
*Also the first payment date is the beginning of the schedule of payments.
 +
*And date should entered in [[Manuals/calci/DATE | DATE ]] function format.  
 +
*<math>StartGuess</math> is the guess which is indicating the number that you guess is close to the result of <math>XIRR</math>.
 +
*<math>Accuracy</math> is the accuracy value .
 +
*<math>NoOfIterations</math> is the number of iterations.
 +
*suppose when we are omitting the value of <math>NoOfIterations</math>,by default it will consider as 10.
 +
*The value of <math>CashFlowEvents</math> can be array or reference argument contains text, logical values or empty cells, the values which are ignored.
 +
*The <math>StartGuess</math> value is optional, when we are omitting the <math>StartGuess</math> value,by default it will consider the value as 10%(0.1).
 +
*This function is using iterative technique, so we can't find a result after 100 iterations.
 +
*So the rate is changed until:
 +
    di=the ith, or last,payment date.
 +
    d1=the 0th payment date.
 +
    Pi=the ith or last payment.
 +
*The rate of return calculated by <math>XIRR</math> is the interest rate corresponding to <math>XNPV = 0</math>
 +
*This function will give the result as error when
 +
  1. Any date is not a valid date or not in a date function format.
 +
  2. Any date is precedes the starting date.
 +
  3. Also CashFlowEvents and Dates is having different number of values.
  
Equation:
+
==Examples==
<math>\sum_{i=1}^N\dfrac{P_i}{(1+rate)^\tfrac{date_i-date_0}{365}}=0</math>
+
{| class="wikitable"
 
+
|+Spreadsheet
==Example==
+
|-
 
+
! !! A !! B
XIRR(V, dates, G)
+
|-
<font color="#000000"><font face="Arial, sans-serif"><font size="2">B C</font></font></font>
+
! 1
 +
| -25000 || 2/1/2012
 +
|-
 +
! 2
 +
| 5700 || 5/12/2012
 +
|-
 +
! 3
 +
| 4900  || 10/28/2012
 +
|-
 +
! 4
 +
| 13500 || 1/16/2013 
 +
|-
 +
! 5
 +
| 10000 || 4/3/2013
 +
|}
 +
#=XIRR(A1:A5,B1:B5,0,0.1)=0.43578123326
 +
#=XIRR(A1:A5,B1:B5,0,0,2) = 0.43572667130
 +
#=XIRR(A1:A5,B1:B5,1,5,0) =0.18336350930
  
<font color="#000000"><font face="Arial, sans-serif"><font size="2">-10000 &amp;!02-01-2009&amp;!</font></font></font>
+
==Related Videos==
  
<font color="#000000"><font face="Arial, sans-serif"><font size="2">3000 04-01-2009</font></font></font>
+
{{#ev:youtube|f0KUuHVscaI|280|center|XIRR}}
  
<font color="#000000"><font face="Arial, sans-serif"><font size="2">4300 11-30-2009</font></font></font>
+
==See Also==
 +
*[[Manuals/calci/IRR | IRR ]]
 +
*[[Manuals/calci/NPV | NPV ]]
 +
*[[Manuals/calci/RATE | RATE ]]
 +
*[[Manuals/calci/MIRR | MIRR ]]
  
<font color="#000000"><font face="Arial, sans-serif"><font size="2">3250 03-15-2010</font></font></font>
+
==References==
 +
*[https://wiki.openoffice.org/wiki/Documentation/How_Tos/Calc:_XIRR_function Xirr]
  
<font color="#000000"><font face="Arial, sans-serif"><font size="2">2200 05-01-2010</font></font></font>
 
  
<font color="#000000"><font face="Arial, sans-serif"><font size="2">UNIQ2b4aa68f40f8e8e8-nowiki-00000002-QINU</font></font></font>
 
  
</div>
 
----
 
<div id="10SpaceContent" class="zcontent" align="left"><div class="ZEditBox" align="justify">Syntax </div><div class="ZEditBox"><center></center></div></div>
 
----
 
<div id="4SpaceContent" class="zcontent" align="left"><div class="ZEditBox" align="justify">Remarks </div></div>
 
----
 
<div id="3SpaceContent" class="zcontent" align="left"><div class="ZEditBox" align="justify">Examples </div></div>
 
----
 
<div id="11SpaceContent" class="zcontent" align="left"><div class="ZEditBox" align="justify">Description </div></div>
 
----
 
<div id="2SpaceContent" class="zcontent" align="left">
 
  
{| id="TABLE3" class="SpreadSheet blue"
+
*[[Z_API_Functions | List of Main Z Functions]]
|- class="even"
 
| class=" " |
 
| Column1
 
| class=" SelectTD SelectTD" |
 
<div id="2Space_Handle" title="Click and Drag to resize CALCI Column/Row/Cell. It is EZ!"></div><div id="2Space_Copy" title="Click and Drag over to AutoFill other cells."></div>Column2
 
| Column3
 
| Column4
 
|- class="odd"
 
| class=" " | Row1
 
| class="sshl_f " | -10000
 
| class="sshl_f " | 02-01-2009
 
|
 
|
 
|- class="even"
 
| class="  " | Row2
 
| class="sshl_f" | 3000
 
| class="sshl_f" | 04-01-2009
 
|
 
|
 
|- class="odd"
 
| Row3
 
| class="sshl_f  " | 4300
 
| class="sshl_f" | 11-30-2009
 
|
 
|
 
|- class="even"
 
| Row4
 
| class="sshl_f" | 3250
 
| class="sshl_f" | 03-15-2010
 
|
 
|
 
|- class="odd"
 
| class=" " | Row5
 
| class=" " | 2200
 
| class=" " | 05-01-2010
 
|
 
|
 
|- class="even"
 
| Row6
 
| class="sshl_f" | 0.3593
 
|
 
|
 
|
 
|}
 
  
<div align="left">[[Image:calci1.gif]]</div></div>
+
*[[ Z3 |  Z3 home ]]
----
 

Latest revision as of 18:15, 30 July 2018

XIRR (CashFlowEvents,Dates,StartGuess,Accuracy,NoOfIterations)


  • is the array of values.
  • is the date value.
  • is the starting number is close to the result of XIRR.
  • is the accuracy value.
  • is the number of iterations.
    • XIRR(), returns the internal rate of return for a schedule of cash flows that is not necessarily periodic

Description

  • This function gives the internal rate of return for a series.
  • In this function the cash flows that occur at uniform intervals which means that is not necessarily periodic.
  • To calculate the internal rate of return for a series in a periodic time ,we can use the IRR function.
  • is the when the periodicity between cash flows is not equal.
  • function uses the iterative process to calculate the returns, so it is not possible to trial by hand.
  • So this is most powerful function in CALCI.
  • In , is an values which is the array or a reference to cells that contain numbers for which you want to calculate the internal rate of return.
  • must have atleast one positive and one negative value to find the internal rate of return.
  • Normally the first payment is optional,so the corresponding payment that occurs at the beginning of the investment.
  • Then the first payment should be negative value.
  • is the date value which is indicating the schedule of the payment.
  • Also the first payment date is the beginning of the schedule of payments.
  • And date should entered in DATE function format.
  • is the guess which is indicating the number that you guess is close to the result of .
  • is the accuracy value .
  • is the number of iterations.
  • suppose when we are omitting the value of ,by default it will consider as 10.
  • The value of can be array or reference argument contains text, logical values or empty cells, the values which are ignored.
  • The value is optional, when we are omitting the value,by default it will consider the value as 10%(0.1).
  • This function is using iterative technique, so we can't find a result after 100 iterations.
  • So the rate is changed until:
    di=the ith, or last,payment date.
    d1=the 0th payment date.
    Pi=the ith or last payment.
  • The rate of return calculated by is the interest rate corresponding to .
  • This function will give the result as error when
  1. Any date is not a valid date or not in a date function format.
  2. Any date is precedes the starting date.
  3. Also CashFlowEvents and Dates is having different number of values.

Examples

Spreadsheet
A B
1 -25000 2/1/2012
2 5700 5/12/2012
3 4900 10/28/2012
4 13500 1/16/2013
5 10000 4/3/2013
  1. =XIRR(A1:A5,B1:B5,0,0.1)=0.43578123326
  2. =XIRR(A1:A5,B1:B5,0,0,2) = 0.43572667130
  3. =XIRR(A1:A5,B1:B5,1,5,0) =0.18336350930

Related Videos

XIRR

See Also

References