OPEN-SOURCE SCRIPT
已更新 Total Return
This script calculates a Total Return index for stocks that shows the total performance of a stock, incorporating returns from both the share price and dividends.
To understand this, consider the situation where you invest in a 5% div stock and hold the position for 10 years. Assume at the end of 10 years, the price has gone up by 50%. A price chart will then show a 50% return, but in reality the investor has also received 50% of the initial investment in dividends, making his total return substantially more. Exactly how much more depends on whether the investor reinvested the dividends in the stock, or just held them as cash. If the former, his total return will be well over 100%; in the latter, his total return will be 100% exactly.
There are 2 input options:
- Dividend type: allows the user to choose "gross" or "net". Note that most stocks will have a "gross" data series whereas many will not have a "net" series.
- Reinvestment: allows the user to choose whether dividends should be reinvested in the stock ("Yes") or held in cash ("No").
Total return formula:
- With reinvestment: log((today's closing price + dividends paid today) / (yesterday's closing price))
- Without reinvestment: log(today's closing price / yesterday's closing price) + log (dividends paid thus far / first closing price)
To understand this, consider the situation where you invest in a 5% div stock and hold the position for 10 years. Assume at the end of 10 years, the price has gone up by 50%. A price chart will then show a 50% return, but in reality the investor has also received 50% of the initial investment in dividends, making his total return substantially more. Exactly how much more depends on whether the investor reinvested the dividends in the stock, or just held them as cash. If the former, his total return will be well over 100%; in the latter, his total return will be 100% exactly.
There are 2 input options:
- Dividend type: allows the user to choose "gross" or "net". Note that most stocks will have a "gross" data series whereas many will not have a "net" series.
- Reinvestment: allows the user to choose whether dividends should be reinvested in the stock ("Yes") or held in cash ("No").
Total return formula:
- With reinvestment: log((today's closing price + dividends paid today) / (yesterday's closing price))
- Without reinvestment: log(today's closing price / yesterday's closing price) + log (dividends paid thus far / first closing price)
版本注释
Deleted some comments.开源脚本
本着TradingView的真正精神，此脚本的创建者将其开源，以便交易者可以查看和验证其功能。向作者致敬！虽然您可以免费使用它，但请记住，重新发布代码必须遵守我们的网站规则。
免责声明
这些信息和出版物并不意味着也不构成TradingView提供或认可的金融、投资、交易或其它类型的建议或背书。请在使用条款阅读更多信息。
开源脚本
本着TradingView的真正精神，此脚本的创建者将其开源，以便交易者可以查看和验证其功能。向作者致敬！虽然您可以免费使用它，但请记住，重新发布代码必须遵守我们的网站规则。
免责声明
这些信息和出版物并不意味着也不构成TradingView提供或认可的金融、投资、交易或其它类型的建议或背书。请在使用条款阅读更多信息。