Compound Annual Growth Rate — the smoothed annualised return over an investment horizon.
多期复合年均增长率。
| Item | Formula / Note | Source / Standard |
|---|---|---|
| CAGR definition | CAGR = (V_end/V_begin)^(1/n) − 1 | Standard performance measure (GIPS-compatible) |
| Caveats | Endpoint-only; ignores path volatility | CFA performance measurement practice |