One is that these returns are calculated on a time-weighted, rather than asset-weighted basis.
We will continue to evaluate performance by the traditional measure of time-weighted returns.
This computation, which is known as a time-weighted return, assumes something, however: a hypothetical investor who started five years ago and stayed put.
Hire an independent party to calculate time-weighted returns on your investments, as opposed to relying upon any broker or private bank involved with recommending them.
The five-year performance quoted above (like the ones in the tables beginning on page 136) is a time-weighted return, measuring results for a hypothetical investor who put in a sum at the beginning and stood pat.
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During the above mentioned period, full-time equivalent weighted average tuition increased by an annual real rate of 3.3 percent, outpacing the growth in student aid over the period.
Robinho cut inside before playing a square ball to Kaka, who delivered a beautifully weighted first-time pass that Luis Fabiano, in an onside position, collected before easing past Claudio Bravo and slotting into an empty net.
Two interesting wrinkles to the latest version of these tests: banks get a one-time do over if the Fed rejects their capital plan and a key measure of risk-weighted assets has gotten more stringent.
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For the same reason, I think Arnott will have a hard time maintaining his percentage-point lead over the cap-weighted Russell 1000.
However, these developments could take time and real benefits may be more weighted towards the long-term.
This time it was Xavi with the through-ball, a perfectly weighted pass that sent Alba streaking through on goal.
Interestingly, the trend can be explained entirely by valuation effects, with the trade-weighted dollar depreciating 4%% in that time frame.
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Terry stepped out of defence and broke through the middle before threading a perfectly weighted pass to Malouda, who clipped first-time past the onrushing Sorensen from 17 yards.
Among them was Mick Thompson, who created Where the People, a time-lapse visualization of zip codes where petitions are being signed, weighted for signatures by percentage of population.
His pass was perfectly weighted into Klose's path and the captain's first-time strike with the outside of his right foot found the bottom corner.
Ledley found Bellamy in space just outside the penalty area, and his pass was perfectly weighted for Earnshaw's run into the box and his first-time effort went in off the legs of the home goalkeeper.
For some time, they have entirely avoided energy and utilities to their disadvantage, while they have over-weighted their exposure to consumer discretionary and consumer staples to their great benefit.
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This week, it reached its lowest level in eight months on a trade-weighted basis, according to the Fed, and is within a whisker of an all-time low against the euro.
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