Re: Are Gains and yields still wrong for short sales?

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Posted by Luca on May 21, 2007 at 19:12:43:

In Reply to: Re: Are Gains and yields still wrong for short sales? posted by Mark on May 21, 2007 at 18:45:05:

: : Microsoft Money calculates this. I'll check what it gives me when I get home, but going by memory it looks about right. The program does require you to explicitely indicate that something is a Short Sell (not a normal sell) and a Cover Short (not a normal buy). I speculate they did it because of the problems you brought up. They give themselves more info to modify their algorithms in case of short sales.

: : Are you actively interested in adding this feature (even if it requires adding two new kinds of transactions)?

: : I really like your software, but not suporting short sales gains/yields is a huge limitation in my case.

: : .luca

: Hi Luca,

: I'm not an expert in MS Money, but I took a look, and was only able to get it to calculate a %Gain for a short position. I could not make it calculate a time weighted yield, like an ROI yield. If you know how to do this in Money, please let me know.

: Reporting %Gains for short positions is something we can fix. These equations make sense. It is the time weighted yield equations that I'm not sure how to apply to a short position...

: Thanks,
: Mark
: --
: Fund Manager - Portfolio Management Software

Hi Mark,
you are exactly right. It just calculates the %Gain for me as well. Having even just the %Gain feature in FM would make a world of difference for me.

Regarding the time weighted yield, I don't know the answer. I will investigate a bit more. I'd be curious to know how CapTools does it.

BTW: FM is a great piece of software: many compliments. The more I use it, the more I enjoy it.

.luca

Replies:

• Re: Are Gains and yields still wrong for short sales? Mark 20:37:06 05/21/07 (1)
  • Re: Are Gains and yields still wrong for short sales? Luca 22:24:29 05/21/07 (0)