How can I calculate the annualized ROI for my cryptocurrency investments using Excel?
Shubham SharmaDec 15, 2021 · 3 years ago1 answers
I want to calculate the annualized ROI for my cryptocurrency investments using Excel. Can you provide me with a step-by-step guide on how to do it?
1 answers
- Dec 15, 2021 · 3 years agoCalculating the annualized ROI for your cryptocurrency investments using Excel is a piece of cake. Here's how to do it: 1. Open Excel and create a new spreadsheet. 2. In column A, list the dates of your investments. 3. In column B, enter the amount of your initial investment for each date. 4. In column C, enter the current value of your investment for each date. 5. In column D, calculate the daily ROI by subtracting the initial investment from the current value and dividing it by the initial investment. 6. In cell E1, enter the formula "=AVERAGE(D:D)*365" to calculate the annualized ROI. 7. The result in cell E1 will be the annualized ROI for your cryptocurrency investments. That's it! You now have the annualized ROI for your cryptocurrency investments using Excel. Happy investing!
Related Tags
Hot Questions
- 92
What are the advantages of using cryptocurrency for online transactions?
- 89
Are there any special tax rules for crypto investors?
- 85
What is the future of blockchain technology?
- 80
How can I protect my digital assets from hackers?
- 76
How does cryptocurrency affect my tax return?
- 47
How can I minimize my tax liability when dealing with cryptocurrencies?
- 39
What are the best digital currencies to invest in right now?
- 24
How can I buy Bitcoin with a credit card?