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CAGR Calculator

Compound annual growth rate between two values.

CAGR: Compound Annual Growth Rate Explained

Determine the Compound Annual Growth Rate of investments. Compare annualized returns between initial and final valuations.

CAGR Calculation Formula

CAGR = [ (EV / BV) ^ (1 / n) ] - 1

Where: EV is ending investment valuation; BV is beginning valuation; and n is duration in years.

Why CAGR Exceeds Absolute Return Metrics

Absolute return ignores time horizon length. CAGR converts multi-year gains into a single annualized rate, allowing clear comparison across different asset classes.

Geometric Mean vs Linear Average Return

Investments fluctuate unpredictably. CAGR computes geometric mean growth as if capital grew at a constant smooth annual rate throughout the tenure.

Evaluating Portfolio Holdings Using CAGR

Comparing mutual fund or stock performance against benchmark index CAGRs over 3, 5, and 10 years highlights true risk-adjusted alpha generation.

Frequently Asked Questions (FAQ)

What is a good CAGR for equity investments?

A CAGR of 12% to 15% over a 7+ year horizon is generally considered strong for equity mutual funds in developing economies like India.

Can CAGR be calculated for negative returns?

Yes, if final value is lower than initial value, CAGR returns a negative annual percentage indicating loss rate.

Is CAGR suitable for evaluating SIP investments?

CAGR works best for lumpsum single investments. XIRR (Extended Internal Rate of Return) is used for multiple cash flows like SIPs.

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