buyupside

Percent Returns for Each Purchase Date

Each vertical line represents the percent gain or loss for a purchase date held to the end date of the analysis. Positive returns are green lines and negative returns are red lines. Large gains correspond to purchase dates with relatively low prices. Conversely, small postive gains or negative returns correspond to relatively high purchase prices.

If prices are on the upside for the period, gains for the earliest purchase dates tend to be higher than later purchase dates. However, if prices are on the downside for the period, gains for the earliest purchase dates tend to be lower than later purchase dates.