# Return

The annual rate of profit on an investment, usually expressed as a percentage.

Our return metrics will have several frequencies in parentheses next to the specific return. These frequencies will either be Daily, Monthly, or Annual. They refer to the frequency with which the metric is calculated.

Let's use an example that makes the differences clearer.

The metric "3 Month Price Returns" has Daily and Monthly frequencies. It wouldn't make sense for it to have an Annual frequency because that is beyond the scope of the metric itself. However, "3 Year Price Returns" has all three; Daily, Monthly, and Annual frequencies.

Using 3 Year Price Returns, here is a breakdown of each frequency and what it means.

Daily - This metric is calculated on a daily basis. The number displayed is the 3 Year Price Return between yesterday's close and three years before then. For example, if yesterday was 3/30/2017, the 3 Year Price Return (Daily) metric will display the returns between 3/30/2014 and 3/30/2017.

Monthly - This metric is calculated on a monthly basis. The number displayed is the 3 Year Price Return between the end of last month and three years before then. For example, if yesterday was 3/30/2017, the 3 Year Price Return (Monthly) metric will display the returns between 2/28/2014 and 2/28/2017.

Annual - This metric is calculated on a annual basis. The number displayed is the 3 Year Price Return between the end of last year and three years before then. For example, if yesterday was 3/30/2017, the 3 Year Price Return (Annual) metric will display the returns between 12/31/2013 and 12/31/2016.