Adjusted Closing Prices
Portfolio Management
2011-05-17 v1 Pricing of Securities
Abstract
Historical returns depend on historical closing prices and distributions. We describe how to compute adjusted closing prices from closing price/distribution data with an emphasis on spreadsheet implementation. Then the growth of a security from one date to another (1 + total return) is just the ratio of the corresponding adjusted closing prices.
Cite
@article{arxiv.1105.2956,
title = {Adjusted Closing Prices},
author = {Vic Norton},
journal= {arXiv preprint arXiv:1105.2956},
year = {2011}
}