T-period holding-period return
T-period holding-period return
Copyright © 2012, Campbell R. Harvey. All Rights Reserved.
Holding Period Return
The return on an investment during the time one holds the investment. The HPR is calculated by taking the income and other gains on the investment and dividing it by the historical cost. It is a useful way to compare the expected return to the actual return. The HPR may be calculated for any type of investment. It is also called the holding period yield (HPY).
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