How can I calculate the ROI of my cryptocurrency stock portfolio?
Mehak NiyazDec 30, 2021 · 3 years ago3 answers
I have invested in multiple cryptocurrencies and I want to calculate the return on investment (ROI) of my portfolio. How can I do that?
3 answers
- Dec 30, 2021 · 3 years agoTo calculate the ROI of your cryptocurrency stock portfolio, you need to determine the initial investment and the current value of your portfolio. Subtract the initial investment from the current value to get the profit. Then, divide the profit by the initial investment and multiply by 100 to get the ROI percentage. For example, if your initial investment was $10,000 and your portfolio is now worth $15,000, the profit is $5,000. The ROI would be (5,000 / 10,000) * 100 = 50%. This calculation gives you an idea of how well your portfolio has performed in terms of returns.
- Dec 30, 2021 · 3 years agoCalculating the ROI of your cryptocurrency stock portfolio is essential to evaluate the success of your investments. Start by keeping track of the amount you initially invested in each cryptocurrency. Then, regularly update the current value of your portfolio by checking the prices of the cryptocurrencies you hold. By subtracting the initial investment from the current value, you can determine the profit. Divide the profit by the initial investment and multiply by 100 to get the ROI percentage. This will help you assess the performance of your portfolio and make informed investment decisions.
- Dec 30, 2021 · 3 years agoCalculating the ROI of your cryptocurrency stock portfolio is a straightforward process. First, determine the initial investment by adding up the amounts you invested in each cryptocurrency. Next, track the current value of your portfolio by checking the prices of the cryptocurrencies you hold. Subtract the initial investment from the current value to calculate the profit. Finally, divide the profit by the initial investment and multiply by 100 to get the ROI percentage. This will give you a clear understanding of how well your portfolio is performing and whether adjustments need to be made.
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