What is CAGR?
CAGR stands for Compound Annual Growth Rate. It is the theoretical steady growth rate that an investment would need to reach its final value from its initial value, assuming profits are reinvested every year.
Intelligence Insight: Always look at CAGR instead of Absolute Returns for investments held over 1 year. A 100% absolute return over 10 years sounds amazing, but its CAGR is just 7.18%, which barely beats inflation!