Projection
Projection measures annualized change between two selected points in the Valuation chart. A future endpoint represents a scenario. Free, Pro Lite, and Pro can use the measurement.
Before you begin
Open a single company in Advanced Charting and choose a Valuation measure with usable plotted history.
Quickstart
Turn on Projection
In a single company's Valuation view, select Projection.
Choose a start and end
Select two plotted points. The selection uses price history or a forecast fair-value point near the chosen date.
Read the result
Review Span, Start, End, Price CAGR, Dividends in span, and CAGR incl. div.
Select another point after completing a pair to start a new pair. Select Projection again or press Escape to exit. Changing the company, measure, window, or view clears the pair.
How it is calculated
Price CAGR is the constant annual rate connecting the selected prices.
Price CAGR = ((end price / start price)^(1 / years) - 1) x 100
start price and end price are the selected values in the chart's currency. years is the elapsed time between their dates, measured using 365.25 days per year. For example, a move from 100 to 121 over two years gives a 10% price CAGR.
The dividend-inclusive reading adds actual dividends in the selected span to the ending value.
CAGR incl. div = (((end price + dividends in span) / start price)^(1 / years) - 1) x 100
dividends in span is the per-share sum assigned to dividend periods after the start and through the end. Dividends are collected, not reinvested. Forecast dividend amounts are not included in this selected-span total. Adding 4 of dividends to an ending value of 121, from a starting value of 100 over two years, gives about 11.80%.
Dated implied returns
The Valuation summary also displays annualized scenarios from the latest close to the final forecast point.
Return = (((forecast price + annual dividend x years) / latest close)^(1 / years) - 1) x 100
annual dividend is the trailing annual dividend amount, assumed constant and collected without reinvestment. forecast price is the displayed scenario endpoint. years runs from the latest price date to that endpoint. For example, a latest close of 100, an endpoint of 110 one year later, and 3 of annual dividends imply 13%.
Limitations and disclosures
The starting value and elapsed span must be positive. These calculations omit trading costs and taxes. A projected fair value is an assumption, not a guaranteed sale price. Historical dividends and constant future-dividend assumptions can differ from dividends actually received.
GNG Research provides equity research and educational tools, not investment advice. Nothing on the platform is a recommendation to buy or sell any security. Do your own research and consider your circumstances before making any investment decision.