Last Updated on 24/05/2024 by Ndanileka
What is a Month-to-Date Return?
Month-to-date (MTD) return measures the percentage change in the stock price from the beginning of the current month to the current date. The change is calculated by subtracting the previous month’s close from the current price and then dividing the sum by the previous month’s close.
Calculation:
MTD = ( ( Today’s Price – Last Month Close Price) / Last Month Close Price ) * 100
= (( 97.25 – 84.00 ) / 84.00) x 100
= 15.77 %
To simply our equation, we can express the above sum as,
= ( (97.25 / 84 ) -1) *100
= 15.77%
Month to Date Google Sheets Formula (Tutorial)
For the below example, Cell B1 = ” AMZN” ( Amazon.com, Inc. )
Step 1 Request Close Price ( Last Month)
Learn how the EOMONTH() function is utilized in this formula by reading this post.
Step 1.1 Request The Last 5 Days
=QUERY(GOOGLEFINANCE(B1,"CLOSE",EOMONTH(today(),-1)-5,EOMONTH(today(),-1)+1))
Step 1.2 Return Close Price as a Single Value
Use the QUERY() function to select and sort the “close prices” by date in descending order, limit the request to one value, and remove the column label.
=QUERY(GOOGLEFINANCE(B1,"CLOSE",EOMONTH(today(),-1)-5,EOMONTH(today(),-1)+1),"SELECT Col2 ORDER BY Col1 DESC LIMIT 1LABEL Col2 ''")
Step 2 Request Today’s Current Price
=GOOGLEFINANCE(B1,"PRICE")
Step 3 Complete the MTD formula
MTD = (Step 2 / Step 1.2) -1 ) format as percentage
= (GOOGLEFINANCE(B1,"PRICE")/QUERY(GOOGLEFINANCE(B1,"CLOSE",EOMONTH(today(),-1)-5,EOMONTH(today(),-1)+1),"SELECT Col2 ORDER BY Col1 DESC LIMIT 1LABEL Col2 ''"))-1
Spreadsheet
Happy Trading!
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