RETURNS
Compound Annual Growth Rate
Expresses a smoothed annual compound growth rate.
Formula
CAGR = (Ending/Beginning)^(1/years)-1
Variables: Beginning value; ending value; years
What it means
Expresses a smoothed annual compound growth rate.
Example
100 growing to 121 over two years has CAGR 10%.
How to interpret it
This concept should be read together with its market convention, measurement horizon and underlying instrument. BondStats presents it as an analytical reference rather than investment advice; instrument documentation and primary market rules remain authoritative.
Related Formulas
BondStats reference content is independently written. Mathematical relationships, abbreviations and market conventions are presented for educational and analytical use.