{"id":2190,"date":"2025-12-04T17:03:14","date_gmt":"2025-12-04T17:03:14","guid":{"rendered":"https:\/\/nerkhcast.ir\/?page_id=2190"},"modified":"2025-12-04T18:26:59","modified_gmt":"2025-12-04T18:26:59","slug":"rateofreturn","status":"publish","type":"page","link":"http:\/\/nerkhcast.ir\/index.php\/rateofreturn\/","title":{"rendered":"\u0645\u062d\u0627\u0633\u0628\u0647\u200c\u06af\u0631 \u0628\u0627\u0632\u062f\u0647 \u0633\u0631\u0645\u0627\u06cc\u0647\u200c\u06af\u0630\u0627\u0631\u06cc"},"content":{"rendered":"\t\t<div data-elementor-type=\"wp-page\" data-elementor-id=\"2190\" class=\"elementor elementor-2190\" data-elementor-post-type=\"page\">\n\t\t\t\t<div class=\"elementor-element elementor-element-c144a64 e-flex e-con-boxed e-con e-parent\" data-id=\"c144a64\" data-element_type=\"container\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t\t\t<div class=\"elementor-element elementor-element-a2431f7 elementor-widget elementor-widget-html\" data-id=\"a2431f7\" data-element_type=\"widget\" data-widget_type=\"html.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<iframe src=\"https:\/\/nerkhcast.ir\/rateofreturn\/index.html\" width=\"100%\" height=\"800px\" style=\"border:none; border-radius:12px;\" scrolling=\"auto\"><\/iframe>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-b3c20a3 e-flex e-con-boxed e-con e-parent\" data-id=\"b3c20a3\" data-element_type=\"container\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t\t\t<div class=\"elementor-element elementor-element-a2afb57 elementor-widget elementor-widget-text-editor\" data-id=\"a2afb57\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<h3 style=\"text-align: right;\">TWRR (Time-Weighted Rate of Return)<\/h3><h3 style=\"text-align: right;\">\u0628\u0627\u0632\u062f\u0647 \u0648\u0632\u0646\u06cc \u0632\u0645\u0627\u0646\u06cc\u00a0<\/h3><h4 style=\"text-align: right;\">TWRR \u062f\u0642\u06cc\u0642\u0627\u064b \u0686\u06cc\u0633\u062a\u061f<\/h4><p style=\"text-align: right;\">TWRR \u06cc\u06a9 \u0631\u0648\u0634 \u0645\u062d\u0627\u0633\u0628\u0647 \u0628\u0627\u0632\u062f\u0647 \u0633\u0631\u0645\u0627\u06cc\u0647\u200c\u06af\u0630\u0627\u0631\u06cc \u0627\u0633\u062a \u06a9\u0647 <strong>\u06a9\u0627\u0645\u0644\u0627\u064b \u0627\u062b\u0631 \u0648\u0627\u0631\u06cc\u0632 \u0648 \u0628\u0631\u062f\u0627\u0634\u062a\u200c\u0647\u0627\u06cc \u0634\u0645\u0627 \u0631\u0627 \u062d\u0630\u0641 \u0645\u06cc\u200c\u06a9\u0646\u062f<\/strong> \u0648 \u0641\u0642\u0637 \u0648 \u0641\u0642\u0637 \u0639\u0645\u0644\u06a9\u0631\u062f \u062e\u0627\u0644\u0635 \u0645\u062f\u06cc\u0631\u060c \u0627\u0633\u062a\u0631\u0627\u062a\u0698\u06cc \u06cc\u0627 \u0635\u0646\u062f\u0648\u0642 \u0631\u0627 \u0646\u0634\u0627\u0646 \u0645\u06cc\u200c\u062f\u0647\u062f.<\/p><p style=\"text-align: right;\">\u0628\u0647 \u0632\u0628\u0627\u0646 \u062e\u06cc\u0644\u06cc \u0633\u0627\u062f\u0647:<\/p><blockquote><p>\u0627\u0646\u06af\u0627\u0631 \u0634\u0645\u0627 \u0641\u0642\u0637 \u0631\u0648\u0632 \u0627\u0648\u0644 \u06f1\u06f0\u06f0 \u0645\u06cc\u0644\u06cc\u0648\u0646 \u062a\u0648\u0645\u0627\u0646 \u06af\u0630\u0627\u0634\u062a\u06cc \u0648 \u0631\u0648\u0632 \u0622\u062e\u0631 \u0628\u0631\u062f\u0627\u0634\u062a\u06cc\u060c \u0648 \u062f\u0631 \u0627\u06cc\u0646 \u0645\u062f\u062a \u0647\u06cc\u0686 \u067e\u0648\u0644\u06cc \u0627\u0636\u0627\u0641\u0647 \u06cc\u0627 \u06a9\u0645 \u0646\u06a9\u0631\u062f\u06cc. TWRR \u0645\u06cc\u200c\u06af\u0648\u06cc\u062f \u062f\u0631 \u0627\u06cc\u0646 \u0634\u0631\u0627\u06cc\u0637 \u0641\u0631\u0636\u06cc\u060c \u067e\u0648\u0644 \u0634\u0645\u0627 \u0686\u0646\u062f \u062f\u0631\u0635\u062f \u0631\u0634\u062f \u06a9\u0631\u062f\u0647 \u0628\u0648\u062f\u061f<\/p><\/blockquote><p style=\"text-align: right;\"><span style=\"color: #2d3748; font-size: 22px; font-weight: bold;\">TWRR \u0628\u0647 \u06a9\u062f\u0627\u0645 \u0633\u0624\u0627\u0644 \u067e\u0627\u0633\u062e \u0645\u06cc\u200c\u062f\u0647\u062f\u061f<\/span><\/p><p style=\"text-align: right;\">\u0641\u0642\u0637 \u0648 \u0641\u0642\u0637 \u0628\u0647 \u0627\u06cc\u0646 \u06cc\u06a9 \u0633\u0624\u0627\u0644 \u06a9\u0644\u06cc\u062f\u06cc:<\/p><p style=\"text-align: right;\"><strong>\u00ab\u0627\u06af\u0631 \u0645\u0646 \u062f\u0631 \u062a\u0645\u0627\u0645 \u0645\u062f\u062a \u0647\u06cc\u0686 \u0648\u0627\u0631\u06cc\u0632 \u0648 \u0628\u0631\u062f\u0627\u0634\u062a \u0627\u0636\u0627\u0641\u06cc \u0646\u0645\u06cc\u200c\u06a9\u0631\u062f\u0645\u060c \u0628\u0627 \u0627\u06cc\u0646 \u0645\u062f\u06cc\u0631 \u06cc\u0627 \u0627\u06cc\u0646 \u0635\u0646\u062f\u0648\u0642 \u0686\u0646\u062f \u062f\u0631\u0635\u062f \u0633\u0648\u062f \u0645\u06cc\u200c\u06a9\u0631\u062f\u0645\u061f\u00bb<\/strong><\/p><p style=\"text-align: right;\">\u06cc\u0639\u0646\u06cc:<\/p><p style=\"text-align: right;\">\u0639\u0645\u0644\u06a9\u0631\u062f \u0648\u0627\u0642\u0639\u06cc \u0645\u062f\u06cc\u0631 \u0631\u0627 \u0627\u0646\u062f\u0627\u0632\u0647 \u0645\u06cc\u200c\u06af\u06cc\u0631\u062f<\/p><p style=\"text-align: right;\">\u0634\u0627\u0646\u0633 \u06cc\u0627 \u0645\u0647\u0627\u0631\u062a \u0634\u0645\u0627 \u062f\u0631 \u0632\u0645\u0627\u0646\u200c\u0628\u0646\u062f\u06cc \u0648\u0627\u0631\u06cc\u0632\/\u0628\u0631\u062f\u0627\u0634\u062a \u0631\u0627 \u06f1\u06f0\u06f0\u066a \u062d\u0630\u0641 \u0645\u06cc\u200c\u06a9\u0646\u062f<\/p><p style=\"text-align: right;\"><span style=\"color: #2d3748; font-size: 22px; font-weight: bold;\">\u0645\u062b\u0627\u0644 \u0648\u0627\u0642\u0639\u06cc\u00a0<\/span><\/p><p style=\"text-align: right;\">\u0641\u0631\u0636 \u06a9\u0646\u06cc\u062f \u062f\u0648 \u0646\u0641\u0631 \u062f\u0631 \u06cc\u06a9 \u0635\u0646\u062f\u0648\u0642 \u0633\u0647\u0627\u0645\u06cc \u0633\u0631\u0645\u0627\u06cc\u0647\u200c\u06af\u0630\u0627\u0631\u06cc \u06a9\u0631\u062f\u0647\u200c\u0627\u0646\u062f:<\/p><div style=\"text-align: right;\"><div><div>\u00a0<\/div><\/div><div><div>\u00a0<\/div><table><thead><tr><th data-col-size=\"md\">\u0633\u0631\u0645\u0627\u06cc\u0647\u200c\u06af\u0630\u0627\u0631<\/th><th data-col-size=\"xl\">\u0631\u0641\u062a\u0627\u0631 \u0627\u0648<\/th><th data-col-size=\"md\">\u0628\u0627\u0632\u062f\u0647 \u0634\u062e\u0635\u06cc \u0627\u0648 (MWRR)<\/th><th data-col-size=\"xs\">TWRR \u0635\u0646\u062f\u0648\u0642 (\u06cc\u06a9\u0633\u0627\u0646 \u0628\u0631\u0627\u06cc \u0647\u0631 \u062f\u0648)<\/th><\/tr><\/thead><tbody><tr><td data-col-size=\"md\">\u0646\u0641\u0631 \u0627\u0648\u0644<\/td><td data-col-size=\"xl\">\u0631\u0648\u0632 \u0627\u0648\u0644 \u06f1\u06f0\u06f0 \u0645\u06cc\u0644\u06cc\u0648\u0646 \u06af\u0630\u0627\u0634\u062a \u0648 \u062a\u0627 \u0622\u062e\u0631 \u0647\u06cc\u0686 \u06a9\u0627\u0631\u06cc \u0646\u06a9\u0631\u062f<\/td><td data-col-size=\"md\">\u06f7\u06f5\u066a<\/td><td data-col-size=\"xs\">\u06f9\u06f0\u066a<\/td><\/tr><tr><td data-col-size=\"md\">\u0646\u0641\u0631 \u062f\u0648\u0645<\/td><td data-col-size=\"xl\">\u0631\u0648\u0632 \u0627\u0648\u0644 \u06f5\u06f0 \u0645\u06cc\u0644\u06cc\u0648\u0646 \u06af\u0630\u0627\u0634\u062a\u060c \u062f\u0642\u06cc\u0642\u0627\u064b \u0642\u0628\u0644 \u0627\u0632 \u0631\u0634\u062f \u0628\u0632\u0631\u06af \u0628\u0627\u0632\u0627\u0631 \u06f3\u06f0\u06f0 \u0645\u06cc\u0644\u06cc\u0648\u0646 \u0627\u0636\u0627\u0641\u0647 \u06a9\u0631\u062f<\/td><td data-col-size=\"md\">\u06f1\u06f2\u06f5\u066a<\/td><td data-col-size=\"xs\">\u06f9\u06f0\u066a<\/td><\/tr><\/tbody><\/table><div>\u00a0<\/div><\/div><\/div><p style=\"text-align: right;\">TWRR \u0635\u0646\u062f\u0648\u0642 \u0628\u0631\u0627\u06cc \u0647\u0631 \u062f\u0648 \u0646\u0641\u0631 \u062f\u0642\u06cc\u0642\u0627\u064b <strong>\u06f9\u06f0\u066a<\/strong> \u0627\u0633\u062a :\u0686\u0648\u0646 \u0641\u0642\u0637 \u0639\u0645\u0644\u06a9\u0631\u062f \u0645\u062f\u06cc\u0631 \u0631\u0627 \u0646\u0634\u0627\u0646 \u0645\u06cc\u200c\u062f\u0647\u062f.<\/p><p style=\"text-align: right;\">\u0646\u0641\u0631 \u062f\u0648\u0645 \u0633\u0648\u062f \u0634\u062e\u0635\u06cc \u0628\u06cc\u0634\u062a\u0631\u06cc \u0628\u0631\u062f\u0647 \u0627\u0633\u062a \u0686\u0648\u0646 <strong>\u0632\u0645\u0627\u0646\u200c\u0628\u0646\u062f\u06cc \u0641\u0648\u0642\u200c\u0627\u0644\u0639\u0627\u062f\u0647\u200c\u0627\u06cc<\/strong> \u062f\u0627\u0634\u062a\u0647 (\u067e\u0648\u0644 \u0632\u06cc\u0627\u062f \u0631\u0627 \u062f\u0642\u06cc\u0642\u0627\u064b \u0642\u0628\u0644 \u0627\u0632 \u062c\u0647\u0634 \u0633\u0631\u0645\u0627\u06cc\u0647\u200c\u06af\u0630\u0627\u0631\u06cc \u06a9\u0631\u062f\u0647 \u0627\u0633\u062a).<\/p><p style=\"text-align: right;\">\u0646\u0641\u0631 \u0627\u0648\u0644\u00a0 \u0632\u0645\u0627\u0646\u200c\u0628\u0646\u062f\u06cc \u0645\u0639\u0645\u0648\u0644\u06cc \u062f\u0627\u0634\u062a\u0647\u060c \u067e\u0633 \u0628\u0627\u0632\u062f\u0647 \u0634\u062e\u0635\u06cc\u200c\u0627\u0634 \u06a9\u0645\u062a\u0631 \u0627\u0632 \u0639\u0645\u0644\u06a9\u0631\u062f \u0645\u062f\u06cc\u0631 \u0635\u0646\u062f\u0648\u0642 \u0628\u0648\u062f\u0647 \u0627\u0633\u062a.<\/p><p style=\"text-align: right;\">\u067e\u0633 \u0648\u0642\u062a\u06cc \u0645\u06cc\u200c\u067e\u0631\u0633\u06cc\u0645: \u00ab\u0627\u06cc\u0646 \u0635\u0646\u062f\u0648\u0642 \u0686\u0642\u062f\u0631 \u062e\u0648\u0628 \u0628\u0648\u062f\u0647\u061f\u00bb \u2192 \u062c\u0648\u0627\u0628 \u062f\u0631\u0633\u062a <strong>\u06f9\u06f0\u066a (TWRR)<\/strong> \u0627\u0633\u062a\u060c \u0646\u0647 \u06f7\u06f5\u066a \u0648 \u0646\u0647 \u06f1\u06f2\u06f5\u066a.<\/p><h4 style=\"text-align: right;\">\u0646\u062d\u0648\u0647 \u0645\u062d\u0627\u0633\u0628\u0647 TWRR\u00a0<\/h4><p style=\"text-align: right;\">\u06f1. \u062f\u0648\u0631\u0647 \u0631\u0627 \u0628\u0647 \u0632\u06cc\u0631 \u062f\u0648\u0631\u0647\u200c\u0647\u0627\u06cc \u0628\u06cc\u0646 \u0647\u0631 \u0648\u0627\u0631\u06cc\u0632\/\u0628\u0631\u062f\u0627\u0634\u062a \u062a\u0642\u0633\u06cc\u0645 \u0645\u06cc\u200c\u06a9\u0646\u06cc\u0645.<\/p><p style=\"text-align: right;\">\u00a0\u06f2. \u0628\u0631\u0627\u06cc \u0647\u0631 \u0632\u06cc\u0631 \u062f\u0648\u0631\u0647 \u0628\u0627\u0632\u062f\u0647 \u0631\u0627 \u062d\u0633\u0627\u0628 \u0645\u06cc\u200c\u06a9\u0646\u06cc\u0645.<\/p><p style=\"text-align: right;\">\u00a0\u06f3. \u0647\u0645\u0647 \u0631\u0627 \u0628\u0647 \u0635\u0648\u0631\u062a \u0632\u0646\u062c\u06cc\u0631\u0647\u200c\u0627\u06cc \u0636\u0631\u0628 \u0645\u06cc\u200c\u06a9\u0646\u06cc\u0645.<\/p><p style=\"text-align: right;\">\u00a0\u06f4. \u0631\u06cc\u0634\u0647 \u0632\u0645\u0627\u0646\u06cc \u0645\u06cc\u200c\u06af\u06cc\u0631\u06cc\u0645.<\/p><h4 style=\"text-align: right;\">\u0645\u0632\u0627\u06cc\u0627\u06cc TWRR (\u0686\u0631\u0627 \u0628\u0647\u062a\u0631\u06cc\u0646 \u0645\u0639\u06cc\u0627\u0631 \u0628\u0631\u0627\u06cc \u0645\u0642\u0627\u06cc\u0633\u0647 \u0627\u0633\u062a\u061f)<\/h4><div style=\"text-align: right;\"><div><div>\u00a0<\/div><\/div><div><div>\u00a0<\/div><table><thead><tr><th data-col-size=\"md\">\u0645\u0632\u06cc\u062a<\/th><th data-col-size=\"lg\">\u062a\u0648\u0636\u06cc\u062d<\/th><\/tr><\/thead><tbody><tr><td data-col-size=\"md\">\u062d\u0630\u0641 \u06a9\u0627\u0645\u0644 \u0627\u062b\u0631 \u0632\u0645\u0627\u0646\u200c\u0628\u0646\u062f\u06cc \u0633\u0631\u0645\u0627\u06cc\u0647\u200c\u06af\u0630\u0627\u0631<\/td><td data-col-size=\"lg\">\u0641\u0642\u0637 \u0645\u0647\u0627\u0631\u062a \u0645\u062f\u06cc\u0631 \u0631\u0627 \u0646\u0634\u0627\u0646 \u0645\u06cc\u200c\u062f\u0647\u062f<\/td><\/tr><tr><td data-col-size=\"md\">\u0642\u0627\u0628\u0644 \u0645\u0642\u0627\u06cc\u0633\u0647 \u0628\u06cc\u0646 \u0647\u0645\u0647 \u0635\u0646\u062f\u0648\u0642\u200c\u0647\u0627 \u0648 \u0645\u062f\u06cc\u0631\u0627\u0646<\/td><td data-col-size=\"lg\">\u0627\u0633\u062a\u0627\u0646\u062f\u0627\u0631\u062f \u062c\u0647\u0627\u0646\u06cc\u00a0<\/td><\/tr><tr><td data-col-size=\"md\">\u00a0<\/td><td data-col-size=\"lg\"><div>\u00a0<\/div><\/td><\/tr><tr><td data-col-size=\"md\">\u00a0<\/td><td data-col-size=\"lg\">\u00a0<\/td><\/tr><tr><td data-col-size=\"md\">\u00a0<\/td><td data-col-size=\"lg\">\u00a0<\/td><\/tr><\/tbody><\/table><p><span style=\"font-family: inherit; font-size: 22px; font-weight: bold;\">\u0645\u0639\u0627\u06cc\u0628 \u0648 \u0645\u062d\u062f\u0648\u062f\u06cc\u062a\u200c\u0647\u0627\u06cc TWRR<\/span><\/p><\/div><\/div><div style=\"text-align: right;\"><div><div>\u00a0<\/div><\/div><div><div>\u00a0<\/div><table><thead><tr><th data-col-size=\"lg\">\u0639\u06cc\u0628<\/th><th data-col-size=\"xl\">\u062a\u0648\u0636\u06cc\u062d \u0648\u0627\u0642\u0639\u06cc<\/th><\/tr><\/thead><tbody><tr><td data-col-size=\"lg\">\u0628\u0627\u0632\u062f\u0647 \u0648\u0627\u0642\u0639\u06cc \u062c\u06cc\u0628 \u0634\u0645\u0627 \u0631\u0627 \u0646\u0634\u0627\u0646 \u0646\u0645\u06cc\u200c\u062f\u0647\u062f<\/td><td data-col-size=\"xl\">\u0627\u06af\u0631 \u0628\u062f \u0632\u0645\u0627\u0646\u200c\u0628\u0646\u062f\u06cc \u06a9\u0631\u062f\u0647 \u0628\u0627\u0634\u06cc\u062f\u060c \u0645\u0645\u06a9\u0646 \u0627\u0633\u062a TWRR \u0628\u0627\u0644\u0627 \u0628\u0627\u0634\u062f \u0648\u0644\u06cc \u0634\u0645\u0627 \u0636\u0631\u0631 \u06a9\u0646\u06cc\u062f<\/td><\/tr><tr><td data-col-size=\"lg\">\u062f\u0631 \u062f\u0648\u0631\u0647\u200c\u0647\u0627\u06cc \u06a9\u0648\u062a\u0627\u0647 \u0628\u0627 \u062c\u0631\u06cc\u0627\u0646 \u0646\u0642\u062f\u06cc \u0628\u0632\u0631\u06af \u06af\u0645\u0631\u0627\u0647\u200c\u06a9\u0646\u0646\u062f\u0647 \u0627\u0633\u062a<\/td><td data-col-size=\"xl\">\u0645\u062b\u0644\u0627\u064b \u0627\u06af\u0631 \u0631\u0648\u0632 \u0622\u062e\u0631 \u06f1\u06f0 \u0645\u06cc\u0644\u06cc\u0627\u0631\u062f \u0648\u0627\u0631\u06cc\u0632 \u06a9\u0646\u06cc\u062f \u0648 \u0631\u0648\u0632 \u0628\u0639\u062f \u0628\u0627\u0632\u0627\u0631 \u06f1\u06f0\u066a \u0627\u0641\u062a \u06a9\u0646\u062f\u060c TWRR \u0647\u0645\u0686\u0646\u0627\u0646 \u0628\u0627\u0644\u0627 \u0645\u06cc\u200c\u0645\u0627\u0646\u062f<\/td><\/tr><tr><td data-col-size=\"lg\">\u0627\u062b\u0631 \u062a\u0635\u0645\u06cc\u0645\u0627\u062a \u0634\u0645\u0627 (\u0645\u062b\u0644 \u062e\u0631\u06cc\u062f \u062f\u0631 \u06a9\u0641\/\u0642\u0644\u0647) \u0631\u0627 \u0646\u0627\u062f\u06cc\u062f\u0647 \u0645\u06cc\u200c\u06af\u06cc\u0631\u062f<\/td><td data-col-size=\"xl\">\u0641\u0642\u0637 \u0645\u062f\u06cc\u0631 \u0631\u0627 \u0642\u0636\u0627\u0648\u062a \u0645\u06cc\u200c\u06a9\u0646\u062f\u060c \u0646\u0647 \u0634\u0645\u0627 \u0631\u0627<\/td><\/tr><\/tbody><\/table><\/div><div><h3>\u00a0<\/h3><h3>\u0686\u0631\u0627 \u0645\u0645\u06a9\u0646 \u0627\u0633\u062a TWRR \u062e\u06cc\u0644\u06cc \u0628\u0627\u0644\u0627 \u0628\u0627\u0634\u062f\u060c \u0648\u0644\u06cc \u0634\u0645\u0627 \u062f\u0631 \u0648\u0627\u0642\u0639\u06cc\u062a \u0636\u0631\u0631 \u06a9\u0646\u06cc\u062f\u061f<\/h3><p>\u0627\u06cc\u0646 \u062f\u0642\u06cc\u0642\u0627\u064b \u0646\u0642\u0637\u0647\u200c\u0636\u0639\u0641 \u0627\u0635\u0644\u06cc TWRR \u0627\u0633\u062a \u0648 \u062f\u0644\u06cc\u0644\u0634 \u0647\u0645 \u0627\u06cc\u0646 \u0627\u0633\u062a \u06a9\u0647 <strong>TWRR \u0627\u062b\u0631 \u0632\u0645\u0627\u0646\u200c\u0628\u0646\u062f\u06cc \u0628\u062f \u0634\u0645\u0627 \u0631\u0627 \u06a9\u0627\u0645\u0644\u0627\u064b \u0646\u0627\u062f\u06cc\u062f\u0647 \u0645\u06cc\u200c\u06af\u06cc\u0631\u062f \u0648 \u0641\u0642\u0637 \u0639\u0645\u0644\u06a9\u0631\u062f \u0645\u062f\u06cc\u0631 \u0631\u0627 \u0646\u0634\u0627\u0646 \u0645\u06cc\u200c\u062f\u0647\u062f<\/strong>.<\/p><h4>\u0645\u062b\u0627\u0644 \u0648\u0627\u0642\u0639\u06cc<\/h4><p>\u0641\u0631\u0636 \u06a9\u0646\u06cc\u062f \u06cc\u06a9 \u0635\u0646\u062f\u0648\u0642 \u0633\u0647\u0627\u0645\u06cc \u062f\u0627\u0631\u06cc\u0645 \u06a9\u0647 \u0639\u0645\u0644\u06a9\u0631\u062f\u0634 (TWRR) \u062f\u0631 \u06cc\u06a9 \u0633\u0627\u0644 <strong>\u06f1\u06f0\u06f0\u066a<\/strong> \u0628\u0648\u062f\u0647 (\u06cc\u0639\u0646\u06cc \u067e\u0648\u0644 \u0627\u06af\u0631 \u0627\u0632 \u0627\u0648\u0644 \u062a\u0627 \u0622\u062e\u0631 \u0645\u06cc\u200c\u0645\u0627\u0646\u062f \u062f\u0648 \u0628\u0631\u0627\u0628\u0631 \u0645\u06cc\u200c\u0634\u062f).<\/p><p>\u0634\u0645\u0627 \u062f\u0648 \u0627\u0634\u062a\u0628\u0627\u0647 \u0628\u0632\u0631\u06af \u0632\u0645\u0627\u0646\u200c\u0628\u0646\u062f\u06cc \u06a9\u0631\u062f\u06cc\u062f:<\/p><div><div><div>\u00a0<\/div><table><thead><tr><th data-col-size=\"md\">\u062a\u0627\u0631\u06cc\u062e<\/th><th data-col-size=\"lg\">\u0627\u062a\u0641\u0627\u0642 \u062f\u0631 \u0628\u0627\u0632\u0627\u0631<\/th><th data-col-size=\"lg\">\u0631\u0641\u062a\u0627\u0631 \u0634\u0645\u0627<\/th><th data-col-size=\"lg\">\u067e\u0648\u0644 \u0634\u0645\u0627 \u062f\u0631 \u0622\u0646 \u0644\u062d\u0638\u0647<\/th><\/tr><\/thead><tbody><tr><td data-col-size=\"md\">\u0631\u0648\u0632 \u0627\u0648\u0644<\/td><td data-col-size=\"lg\">\u0628\u0627\u0632\u0627\u0631 \u062f\u0631 \u06a9\u0641<\/td><td data-col-size=\"lg\">\u0641\u0642\u0637 \u06f1\u06f0 \u0645\u06cc\u0644\u06cc\u0648\u0646 \u06af\u0630\u0627\u0634\u062a\u06cc\u062f<\/td><td data-col-size=\"lg\">\u06f1\u06f0 \u0645\u06cc\u0644\u06cc\u0648\u0646<\/td><\/tr><tr><td data-col-size=\"md\">\u062f\u0642\u06cc\u0642\u0627\u064b \u0631\u0648\u0632 \u0642\u0644\u0647 (\u06f9 \u0645\u0627\u0647 \u0628\u0639\u062f)<\/td><td data-col-size=\"lg\">\u0628\u0627\u0632\u0627\u0631 \u062f\u0631 \u0627\u0648\u062c<\/td><td data-col-size=\"lg\">\u06f2\u06f0\u06f0 \u0645\u06cc\u0644\u06cc\u0648\u0646 \u0627\u0636\u0627\u0641\u0647 \u06a9\u0631\u062f\u06cc\u062f (\u06f2\u06f0 \u0628\u0631\u0627\u0628\u0631 \u0627\u0648\u0644)<\/td><td data-col-size=\"lg\">\u06f2\u06f1\u06f0 \u0645\u06cc\u0644\u06cc\u0648\u0646 \u0645\u062c\u0645\u0648\u0639<\/td><\/tr><tr><td data-col-size=\"md\">\u06cc\u06a9 \u0631\u0648\u0632 \u0628\u0639\u062f<\/td><td data-col-size=\"lg\">\u0628\u0627\u0632\u0627\u0631 \u06f5\u06f0\u066a \u0633\u0642\u0648\u0637 \u06a9\u0631\u062f<\/td><td data-col-size=\"lg\">\u2013<\/td><td data-col-size=\"lg\">\u06f1\u06f0\u06f5 \u0645\u06cc\u0644\u06cc\u0648\u0646<\/td><\/tr><tr><td data-col-size=\"md\">\u062a\u0627 \u0622\u062e\u0631 \u0633\u0627\u0644<\/td><td data-col-size=\"lg\">\u0628\u0627\u0632\u0627\u0631 \u062f\u0648\u0628\u0627\u0631\u0647 \u0628\u0631\u06af\u0634\u062a \u0648 TWRR \u0634\u062f \u06f1\u06f0\u06f0\u066a<\/td><td data-col-size=\"lg\">\u0647\u06cc\u0686 \u06a9\u0627\u0631\u06cc \u0646\u06a9\u0631\u062f\u06cc\u062f<\/td><td data-col-size=\"lg\">\u06f2\u06f1\u06f0 \u0645\u06cc\u0644\u06cc\u0648\u0646 (\u062f\u0648 \u0628\u0631\u0627\u0628\u0631 \u06f1\u06f0\u06f5)<\/td><\/tr><\/tbody><\/table><div>\u00a0<\/div><\/div><\/div><h4>\u0645\u062d\u0627\u0633\u0628\u0627\u062a \u062f\u0642\u06cc\u0642<\/h4><ul><li>TWRR \u0635\u0646\u062f\u0648\u0642 (\u0639\u0645\u0644\u06a9\u0631\u062f \u0645\u062f\u06cc\u0631): <strong>\u06f1\u06f0\u06f0\u066a<\/strong> : \u0686\u0648\u0646 \u0627\u06af\u0631 \u0627\u0632 \u0627\u0648\u0644 \u062a\u0627 \u0622\u062e\u0631 \u067e\u0648\u0644 \u062f\u0631 \u0635\u0646\u062f\u0648\u0642 \u0633\u0631\u0645\u0627\u06cc\u0647\u200c\u06af\u0630\u0627\u0631\u06cc \u0634\u062f\u0647 \u0628\u0648\u062f \u060c \u062f\u0648 \u0628\u0631\u0627\u0628\u0631 \u0645\u06cc\u200c\u0634\u062f.<\/li><li>\u067e\u0648\u0644 \u0634\u0645\u0627:<ul><li>\u06f1\u06f0 \u0645\u06cc\u0644\u06cc\u0648\u0646 \u0627\u0648\u0644\u06cc\u0647 : \u06f2\u06f0 \u0645\u06cc\u0644\u06cc\u0648\u0646 \u0634\u062f (\u06f1\u06f0\u06f0\u066a \u0633\u0648\u062f)<\/li><li>\u06f2\u06f0\u06f0 \u0645\u06cc\u0644\u06cc\u0648\u0646 \u0648\u0627\u0631\u06cc\u0632 \u062f\u0631 \u0642\u0644\u0647 : \u0628\u0639\u062f \u0627\u0632 \u0633\u0642\u0648\u0637 \u0634\u062f \u06f1\u06f0\u06f0 \u0645\u06cc\u0644\u06cc\u0648\u0646 \u2192 \u0622\u062e\u0631 \u0633\u0627\u0644 \u0634\u062f \u06f2\u06f0\u06f0 \u0645\u06cc\u0644\u06cc\u0648\u0646 (\u0647\u06cc\u0686 \u0633\u0648\u062f\u06cc \u0646\u0628\u0631\u062f!)<\/li><li>\u0645\u062c\u0645\u0648\u0639 \u0622\u062e\u0631 \u0633\u0627\u0644: <strong>\u06f2\u06f2\u06f0 \u0645\u06cc\u0644\u06cc\u0648\u0646<\/strong> : \u0627\u0632 \u06f2\u06f1\u06f0 \u0645\u06cc\u0644\u06cc\u0648\u0646 \u0627\u0648\u0644\u06cc\u0647 \u0641\u0642\u0637 <strong>\u06f4.\u06f7\u066a \u0633\u0648\u062f<\/strong> (\u062f\u0631 \u0648\u0627\u0642\u0639\u06cc\u062a \u062a\u0642\u0631\u06cc\u0628\u0627\u064b \u0647\u06cc\u0686!)<\/li><\/ul><\/li><\/ul><h4>\u0646\u062a\u06cc\u062c\u0647<\/h4><ul><li><strong>TWRR \u0635\u0646\u062f\u0648\u0642 = \u06f1\u06f0\u06f0\u066a<\/strong> \u2190 \u0645\u062f\u06cc\u0631 \u0639\u0627\u0644\u06cc \u0639\u0645\u0644 \u06a9\u0631\u062f\u0647<\/li><li><strong>\u0628\u0627\u0632\u062f\u0647 \u0634\u062e\u0635\u06cc \u0634\u0645\u0627 (MWRR) \u2248 \u06f4.\u06f7\u066a<\/strong> : \u0634\u0645\u0627 \u0628\u0647 \u062e\u0627\u0637\u0631 \u0632\u0645\u0627\u0646\u200c\u0628\u0646\u062f\u06cc \u0641\u0627\u062c\u0639\u0647\u200c\u0628\u0627\u0631 \u062a\u0642\u0631\u06cc\u0628\u0627\u064b \u0647\u06cc\u0686 \u0633\u0648\u062f\u06cc \u0646\u0628\u0631\u062f\u06cc\u062f<\/li><\/ul><p>\u0634\u0645\u0627 \u06f2\u06f0\u06f0 \u0645\u06cc\u0644\u06cc\u0648\u0646 \u0631\u0627 \u062f\u0642\u06cc\u0642\u0627\u064b \u062f\u0631 \u0642\u0644\u0647 \u06af\u0630\u0627\u0634\u062a\u06cc\u062f \u0648 \u06f5\u06f0\u066a \u0636\u0631\u0631 \u06a9\u0631\u062f\u06cc\u062f\u060c \u0628\u0639\u062f \u0628\u0627\u0632\u0627\u0631 \u0628\u0631\u06af\u0634\u062a \u0648\u0644\u06cc \u067e\u0648\u0644 \u0634\u0645\u0627 \u062f\u06cc\u06af\u0631 \u0631\u0634\u062f \u0646\u06a9\u0631\u062f. TWRR \u0627\u06cc\u0646 \u0627\u0634\u062a\u0628\u0627\u0647 \u0628\u0632\u0631\u06af \u0634\u0645\u0627 \u0631\u0627 \u06a9\u0627\u0645\u0644\u0627\u064b \u0646\u0627\u062f\u06cc\u062f\u0647 \u06af\u0631\u0641\u062a \u0648 \u0641\u0642\u0637 \u0645\u06cc\u200c\u06af\u0648\u06cc\u062f \u00ab\u0645\u062f\u06cc\u0631 \u06f1\u06f0\u06f0\u066a \u0633\u0648\u062f \u0633\u0627\u062e\u062a\u0647 \u0627\u0633\u062a\u00bb.<\/p><h4>\u0645\u062b\u0627\u0644 \u0645\u0639\u06a9\u0648\u0633 (\u0632\u0645\u0627\u0646\u200c\u0628\u0646\u062f\u06cc \u0639\u0627\u0644\u06cc)<\/h4><p>\u0627\u06af\u0631 \u0647\u0645\u0627\u0646 \u06f2\u06f0\u06f0 \u0645\u06cc\u0644\u06cc\u0648\u0646 \u0631\u0627 \u062f\u0631 \u06a9\u0641 \u0645\u06cc\u200c\u06af\u0630\u0627\u0634\u062a\u06cc\u062f \u0648 \u06f1\u06f0 \u0645\u06cc\u0644\u06cc\u0648\u0646 \u0631\u0627 \u062f\u0631 \u0642\u0644\u0647\u060c \u0628\u0627\u0632 \u0647\u0645 TWRR \u0635\u0646\u062f\u0648\u0642 \u06f1\u06f0\u06f0\u066a \u0628\u0648\u062f\u060c \u0648\u0644\u06cc \u0633\u0648\u062f \u0634\u062e\u0635\u06cc \u0634\u0645\u0627 \u0645\u06cc\u200c\u0634\u062f <strong>\u06f2\u06f0\u06f0\u066a \u06cc\u0627 \u0628\u06cc\u0634\u062a\u0631<\/strong>!<\/p><h4>\u062e\u0644\u0627\u0635\u0647 \u062f\u0631 \u06cc\u06a9 \u062c\u0645\u0644\u0647<\/h4><p><strong>TWRR \u0641\u0642\u0637 \u0645\u06cc\u200c\u06af\u0648\u06cc\u062f \u00ab\u0645\u062f\u06cc\u0631 \u0686\u0642\u062f\u0631 \u062e\u0648\u0628 \u0628\u0648\u062f\u00bb<\/strong> <strong>\u0646\u0645\u06cc\u200c\u06af\u0648\u06cc\u062f \u00ab\u0634\u0645\u0627 \u0686\u0642\u062f\u0631 \u062e\u0648\u0628 \u067e\u0648\u0644 \u06af\u0630\u0627\u0634\u062a\u06cc\u062f \u06cc\u0627 \u0628\u0631\u062f\u0627\u0634\u062a\u06cc\u062f\u00bb<\/strong><\/p><p>\u0628\u0647 \u0647\u0645\u06cc\u0646 \u062f\u0644\u06cc\u0644 \u0627\u0633\u062a \u06a9\u0647 \u0648\u0642\u062a\u06cc \u0645\u06cc\u200c\u06af\u0648\u06cc\u0646\u062f \u00abTWRR \u0628\u0627\u0644\u0627 \u0648\u0644\u06cc \u0645\u0646 \u0636\u0631\u0631 \u06a9\u0631\u062f\u0645\u00bb\u060c \u062f\u0642\u06cc\u0642\u0627\u064b \u06cc\u0639\u0646\u06cc: \u00ab\u0645\u062f\u06cc\u0631 \u062e\u0648\u0628 \u0628\u0648\u062f\u060c \u0648\u0644\u06cc \u0645\u0646 \u0628\u062f \u0632\u0645\u0627\u0646\u200c\u0628\u0646\u062f\u06cc \u06a9\u0631\u062f\u0645 \u0648 \u067e\u0648\u0644\u0645 \u0631\u0627 \u062f\u0631 \u0632\u0645\u0627\u0646 \u0627\u0634\u062a\u0628\u0627\u0647 \u06af\u0630\u0627\u0634\u062a\u0645\u00bb.<\/p><p>\u0628\u0631\u0627\u06cc \u0647\u0645\u06cc\u0646 \u0647\u0645\u06cc\u0634\u0647 \u0628\u0627\u06cc\u062f <strong>\u0647\u0631 \u062f\u0648 \u0639\u062f\u062f \u0631\u0627 \u0628\u0628\u06cc\u0646\u06cc\u062f<\/strong>:<\/p><ul><li>TWRR\u00a0 :\u0645\u062f\u06cc\u0631 \u0686\u0642\u062f\u0631 \u062e\u0648\u0628 \u0628\u0648\u062f\u061f<\/li><li>MWRR (IRR \u0634\u062e\u0635\u06cc) : \u0645\u0646 \u0686\u0642\u062f\u0631 \u0633\u0648\u062f\/\u0636\u0631\u0631 \u06a9\u0631\u062f\u0645\u061f<\/li><\/ul><\/div><\/div><div style=\"text-align: right;\"><div><table style=\"height: 11px;\" width=\"233\"><thead><tr><th data-col-size=\"lg\">\u00a0<\/th><th data-col-size=\"lg\">\u00a0<\/th><\/tr><\/thead><tbody><tr><td data-col-size=\"lg\">\u00a0<\/td><td data-col-size=\"lg\">\u00a0<\/td><\/tr><tr><td data-col-size=\"lg\">\u00a0<\/td><td data-col-size=\"lg\">\u00a0<\/td><\/tr><tr><td data-col-size=\"lg\">\u00a0<\/td><td data-col-size=\"lg\">\u00a0<\/td><\/tr><tr><td data-col-size=\"lg\">\u00a0<\/td><td data-col-size=\"lg\">\u00a0<\/td><\/tr><tr><td data-col-size=\"lg\">\u00a0<\/td><td data-col-size=\"lg\">\u00a0<\/td><\/tr><\/tbody><\/table><\/div><\/div><div style=\"text-align: right;\"><div><div><div><h3>MWRR (Money-Weighted Rate of Return)<\/h3><p><strong>\u0645\u0639\u06cc\u0627\u0631\u06cc \u0627\u0633\u062a \u06a9\u0647 \u0628\u0627\u0632\u062f\u0647 \u0648\u0627\u0642\u0639\u06cc \u0633\u0631\u0645\u0627\u06cc\u0647\u200c\u06af\u0630\u0627\u0631\u06cc \u0634\u0645\u0627 \u0631\u0627 \u0646\u0634\u0627\u0646 \u0645\u06cc\u200c\u062f\u0647\u062f<\/strong>\u061b \u06cc\u0639\u0646\u06cc \u062a\u0645\u0627\u0645 \u0632\u0645\u0627\u0646\u200c\u0628\u0646\u062f\u06cc\u200c\u0647\u0627\u06cc \u0648\u0627\u0631\u06cc\u0632 \u0648 \u0628\u0631\u062f\u0627\u0634\u062a \u0634\u0645\u0627 \u0631\u0627 \u06f1\u06f0\u06f0\u066a \u062f\u0631 \u0646\u0638\u0631 \u0645\u06cc\u200c\u06af\u06cc\u0631\u062f \u0648 \u0645\u06cc\u200c\u06af\u0648\u06cc\u062f: \u00ab\u0628\u0627 \u062a\u0648\u062c\u0647 \u0628\u0647 \u0627\u06cc\u0646\u06a9\u0647 \u0645\u0646 \u062f\u0642\u06cc\u0642\u0627\u064b \u06a9\u06cc \u0648 \u0686\u0642\u062f\u0631 \u067e\u0648\u0644 \u06af\u0630\u0627\u0634\u062a\u0645 \u0648 \u06a9\u06cc \u0628\u0631\u062f\u0627\u0634\u062a\u0645\u060c \u062f\u0631 \u0646\u0647\u0627\u06cc\u062a \u0686\u0646\u062f \u062f\u0631\u0635\u062f \u0633\u0648\u062f (\u06cc\u0627 \u0636\u0631\u0631) \u06a9\u0631\u062f\u0645\u061f\u00bb<\/p><h4>\u0628\u0647 \u06a9\u062f\u0627\u0645 \u0633\u0624\u0627\u0644 \u067e\u0627\u0633\u062e \u0645\u06cc\u200c\u062f\u0647\u062f\u061f<\/h4><p>\u0641\u0642\u0637 \u0648 \u0641\u0642\u0637 \u0628\u0647 \u0627\u06cc\u0646 \u0633\u0624\u0627\u0644:<\/p><p><strong>\u00ab\u0628\u0627 \u0647\u0645\u0647 \u062a\u0635\u0645\u06cc\u0645\u200c\u0647\u0627\u06cc \u0648\u0627\u0631\u06cc\u0632 \u0648 \u0628\u0631\u062f\u0627\u0634\u062a \u0645\u0646 (\u062e\u0648\u0628 \u06cc\u0627 \u0628\u062f)\u060c \u067e\u0648\u0644 \u0645\u0646 \u062f\u0631 \u0648\u0627\u0642\u0639\u06cc\u062a \u0686\u0646\u062f \u062f\u0631\u0635\u062f \u0631\u0634\u062f \u06a9\u0631\u062f\u061f\u00bb<\/strong><\/p><p>\u06cc\u0639\u0646\u06cc:<\/p><p>\u0639\u0645\u0644\u06a9\u0631\u062f \u0645\u062f\u06cc\u0631 + \u0645\u0647\u0627\u0631\u062a\/\u0634\u0627\u0646\u0633 \u0634\u0645\u0627 \u062f\u0631 \u0632\u0645\u0627\u0646\u200c\u0628\u0646\u062f\u06cc \u0631\u0627 \u0628\u0627 \u0647\u0645 \u062f\u0631 \u0646\u0638\u0631 \u0645\u06cc\u200c\u06af\u06cc\u0631\u062f<\/p><h4>MWRR \u0645\u062b\u0627\u0644 \u0642\u0628\u0644<\/h4><h4><span style=\"color: #7a7a7a; font-weight: 400; font-size: 17px;\">\u0641\u0631\u0636 \u06a9\u0646\u06cc\u062f \u0647\u0645\u0627\u0646 \u0635\u0646\u062f\u0648\u0642 \u0633\u0647\u0627\u0645\u06cc \u06a9\u0647 TWRR \u0622\u0646 \u06f1\u06f0\u06f0\u066a \u0628\u0648\u062f (\u06cc\u0639\u0646\u06cc \u0645\u062f\u06cc\u0631 \u0639\u0627\u0644\u06cc \u0639\u0645\u0644 \u06a9\u0631\u062f).<\/span><\/h4><p>\u062d\u0627\u0644\u0627 \u0633\u0647 \u0646\u0641\u0631 \u0628\u0627 \u0633\u0647 \u0632\u0645\u0627\u0646\u200c\u0628\u0646\u062f\u06cc \u0645\u062a\u0641\u0627\u0648\u062a \u062f\u0631 \u0647\u0645\u06cc\u0646 \u0635\u0646\u062f\u0648\u0642 \u0633\u0631\u0645\u0627\u06cc\u0647\u200c\u06af\u0630\u0627\u0631\u06cc \u06a9\u0631\u062f\u0646\u062f:<\/p><div><div><div>\u00a0<\/div><\/div><div><div>\u00a0<\/div><table><thead><tr><th data-col-size=\"md\">\u0633\u0631\u0645\u0627\u06cc\u0647\u200c\u06af\u0630\u0627\u0631<\/th><th data-col-size=\"xl\">\u0631\u0641\u062a\u0627\u0631 \u0632\u0645\u0627\u0646\u200c\u0628\u0646\u062f\u06cc<\/th><th data-col-size=\"md\">\u0633\u0631\u0645\u0627\u06cc\u0647 \u0627\u0648\u0644\u06cc\u0647 \u06a9\u0644<\/th><th data-col-size=\"md\">\u0627\u0631\u0632\u0634 \u0646\u0647\u0627\u06cc\u06cc<\/th><th data-col-size=\"sm\">MWRR (\u0628\u0627\u0632\u062f\u0647 \u0634\u062e\u0635\u06cc \u0648\u0627\u0642\u0639\u06cc)<\/th><th data-col-size=\"xs\">TWRR \u0635\u0646\u062f\u0648\u0642<\/th><\/tr><\/thead><tbody><tr><td data-col-size=\"md\">\u0646\u0641\u0631 \u0627\u0648\u0644<\/td><td data-col-size=\"xl\">\u0647\u0645\u0647 \u067e\u0648\u0644 \u0631\u0627 \u0631\u0648\u0632 \u0627\u0648\u0644 \u06af\u0630\u0627\u0634\u062a \u0648 \u062a\u0627 \u0622\u062e\u0631 \u0647\u06cc\u0686 \u06a9\u0627\u0631\u06cc \u0646\u06a9\u0631\u062f<\/td><td data-col-size=\"md\">\u06f2\u06f1\u06f0 \u0645\u06cc\u0644\u06cc\u0648\u0646<\/td><td data-col-size=\"md\">\u06f4\u06f2\u06f0 \u0645\u06cc\u0644\u06cc\u0648\u0646<\/td><td data-col-size=\"sm\">\u06f1\u06f0\u06f0\u066a<\/td><td data-col-size=\"xs\">\u06f1\u06f0\u06f0\u066a<\/td><\/tr><tr><td data-col-size=\"md\">\u0646\u0641\u0631 \u062f\u0648\u0645<\/td><td data-col-size=\"xl\">\u06f1\u06f0 \u0645\u06cc\u0644\u06cc\u0648\u0646 \u0627\u0648\u0644 \u06af\u0630\u0627\u0634\u062a\u060c \u06f2\u06f0\u06f0 \u0645\u06cc\u0644\u06cc\u0648\u0646 \u0631\u0627 \u062f\u0642\u06cc\u0642\u0627\u064b \u062f\u0631 \u0642\u0644\u0647 \u06af\u0630\u0627\u0634\u062a<\/td><td data-col-size=\"md\">\u06f2\u06f1\u06f0 \u0645\u06cc\u0644\u06cc\u0648\u0646<\/td><td data-col-size=\"md\">\u06f2\u06f2\u06f0 \u0645\u06cc\u0644\u06cc\u0648\u0646<\/td><td data-col-size=\"sm\">\u0641\u0642\u0637 \u06f4.\u06f7\u066a<\/td><td data-col-size=\"xs\">\u06f1\u06f0\u06f0\u066a<\/td><\/tr><tr><td data-col-size=\"md\">\u0646\u0641\u0631 \u0633\u0648\u0645<\/td><td data-col-size=\"xl\">\u06f1\u06f0 \u0645\u06cc\u0644\u06cc\u0648\u0646 \u0627\u0648\u0644 \u06af\u0630\u0627\u0634\u062a\u060c \u06f2\u06f0\u06f0 \u0645\u06cc\u0644\u06cc\u0648\u0646 \u0631\u0627 \u062f\u0642\u06cc\u0642\u0627\u064b \u062f\u0631 \u06a9\u0641 (\u0628\u0639\u062f \u0627\u0632 \u0633\u0642\u0648\u0637 \u06f5\u06f0\u066a) \u0627\u0636\u0627\u0641\u0647 \u06a9\u0631\u062f<\/td><td data-col-size=\"md\">\u06f2\u06f1\u06f0 \u0645\u06cc\u0644\u06cc\u0648\u0646<\/td><td data-col-size=\"md\">\u06f6\u06f3\u06f0 \u0645\u06cc\u0644\u06cc\u0648\u0646<\/td><td data-col-size=\"sm\">\u06f2\u06f0\u06f0\u066a+<\/td><td data-col-size=\"xs\">\u06f1\u06f0\u06f0\u066a<\/td><\/tr><\/tbody><\/table><div>\u00a0<\/div><\/div><\/div><p>\u0646\u062a\u06cc\u062c\u0647:<\/p><p>TWRR \u0635\u0646\u062f\u0648\u0642 \u0628\u0631\u0627\u06cc \u0647\u0631 \u0633\u0647 \u0646\u0641\u0631 \u062f\u0642\u06cc\u0642\u0627\u064b\u00a0<strong>\u06f1\u06f0\u06f0\u066a<\/strong>\u00a0(\u0639\u0645\u0644\u06a9\u0631\u062f \u0645\u062f\u06cc\u0631)<\/p><p>\u0627\u0645\u0627 MWRR (\u0628\u0627\u0632\u062f\u0647 \u0648\u0627\u0642\u0639\u06cc \u0647\u0631 \u0646\u0641\u0631):<\/p><p>\u0646\u0641\u0631 \u0627\u0648\u0644 : \u06f1\u06f0\u06f0\u066a (\u0632\u0645\u0627\u0646\u200c\u0628\u0646\u062f\u06cc \u0645\u0639\u0645\u0648\u0644\u06cc)<\/p><p>\u0646\u0641\u0631 \u062f\u0648\u0645 : \u0641\u0642\u0637 \u06f4.\u06f7\u066a (\u0632\u0645\u0627\u0646\u200c\u0628\u0646\u062f\u06cc \u0641\u0627\u062c\u0639\u0647\u200c\u0628\u0627\u0631 \u2192 \u067e\u0648\u0644 \u0632\u06cc\u0627\u062f \u0631\u0627 \u062f\u0631 \u0642\u0644\u0647 \u06af\u0630\u0627\u0634\u062a)<\/p><p>\u0646\u0641\u0631 \u0633\u0648\u0645: \u0628\u0627\u0644\u0627\u06cc \u06f2\u06f0\u06f0\u066a (\u0632\u0645\u0627\u0646\u200c\u0628\u0646\u062f\u06cc \u0627\u0641\u0633\u0627\u0646\u0647\u200c\u0627\u06cc \u2192 \u067e\u0648\u0644 \u0632\u06cc\u0627\u062f \u0631\u0627 \u062f\u0631 \u06a9\u0641 \u06af\u0630\u0627\u0634\u062a)<\/p><h4>\u0686\u0631\u0627 MWRR \u0646\u0641\u0631 \u062f\u0648\u0645 \u0641\u0642\u0637 \u06f4.\u06f7\u066a \u0634\u062f \u062f\u0631 \u062d\u0627\u0644\u06cc \u06a9\u0647 \u0645\u062f\u06cc\u0631 \u06f1\u06f0\u06f0\u066a \u0633\u0648\u062f \u0633\u0627\u062e\u062a\u061f<\/h4><p>\u0686\u0648\u0646 \u06f9\u06f5\u066a \u067e\u0648\u0644\u0634 (\u06f2\u06f0\u06f0 \u0645\u06cc\u0644\u06cc\u0648\u0646 \u0627\u0632 \u06f2\u06f1\u06f0 \u0645\u06cc\u0644\u06cc\u0648\u0646) \u0641\u0642\u0637 \u062f\u0631 \u06f1\u2013\u06f2 \u0645\u0627\u0647 \u0622\u062e\u0631 \u0631\u0634\u062f \u06a9\u0631\u062f \u0648 \u0642\u0628\u0644\u0634 \u06f5\u06f0\u066a \u0636\u0631\u0631 \u06a9\u0631\u062f. MWRR \u0645\u06cc\u200c\u06af\u0648\u06cc\u062f: \u00ab\u062a\u0648 \u0628\u06cc\u0634\u062a\u0631 \u067e\u0648\u0644\u062a \u0631\u0627 \u062f\u0631 \u0628\u062f\u062a\u0631\u06cc\u0646 \u0632\u0645\u0627\u0646 \u0645\u0645\u06a9\u0646 \u06af\u0630\u0627\u0634\u062a\u06cc\u060c \u067e\u0633 \u0646\u0628\u0627\u06cc\u062f \u0627\u0646\u062a\u0638\u0627\u0631 \u06f1\u06f0\u06f0\u066a \u0633\u0648\u062f \u062f\u0627\u0634\u062a\u0647 \u0628\u0627\u0634\u06cc!\u00bb<\/p><h4>\u0645\u0632\u0627\u06cc\u0627\u06cc MWRR<\/h4><div><div><div>\u00a0<\/div><\/div><div><div>\u00a0<\/div><table><thead><tr><th data-col-size=\"md\">\u0645\u0632\u06cc\u062a<\/th><th data-col-size=\"lg\">\u062a\u0648\u0636\u06cc\u062d<\/th><\/tr><\/thead><tbody><tr><td data-col-size=\"md\">\u062f\u0642\u06cc\u0642\u0627\u064b \u0647\u0645\u0627\u0646 \u0686\u06cc\u0632\u06cc \u06a9\u0647 \u0634\u0645\u0627 \u062d\u0633 \u0645\u06cc\u200c\u06a9\u0646\u06cc\u062f<\/td><td data-col-size=\"lg\">\u0647\u0645\u0627\u0646 \u0639\u062f\u062f \u0633\u0648\u062f \u0648 \u0636\u0631\u0631 \u0648\u0627\u0642\u0639\u06cc \u0633\u0628\u062f \u0634\u0645\u0627<\/td><\/tr><tr><td data-col-size=\"md\">\u0632\u0645\u0627\u0646\u200c\u0628\u0646\u062f\u06cc \u0648\u0627\u0631\u06cc\u0632\/\u0628\u0631\u062f\u0627\u0634\u062a \u0631\u0627 \u06a9\u0627\u0645\u0644 \u062f\u0631 \u0646\u0638\u0631 \u0645\u06cc\u200c\u06af\u06cc\u0631\u062f<\/td><td data-col-size=\"lg\">\u0627\u06af\u0631 \u062e\u0648\u0628 \u0632\u0645\u0627\u0646\u200c\u0628\u0646\u062f\u06cc \u06a9\u0631\u062f\u0647 \u0628\u0627\u0634\u06cc\u062f\u060c MWRR &gt; TWRR \u0645\u06cc\u200c\u0634\u0648\u062f (\u0648 \u0628\u0631\u0639\u06a9\u0633)<\/td><\/tr><tr><td data-col-size=\"md\">\u0628\u0647\u062a\u0631\u06cc\u0646 \u0645\u0639\u06cc\u0627\u0631 \u0628\u0631\u0627\u06cc \u062a\u0635\u0645\u06cc\u0645\u200c\u06af\u06cc\u0631\u06cc \u0634\u062e\u0635\u06cc<\/td><td data-col-size=\"lg\">\u0645\u06cc\u200c\u0641\u0647\u0645\u06cc\u062f \u00ab\u06a9\u06cc \u0628\u06cc\u0634\u062a\u0631 \u0633\u0631\u0645\u0627\u06cc\u0647\u200c\u06af\u0630\u0627\u0631\u06cc \u06a9\u0646\u0645 \u0628\u0647\u062a\u0631 \u0627\u0633\u062a\u061f\u00bb<\/td><\/tr><tr><td data-col-size=\"md\">\u00a0<\/td><td data-col-size=\"lg\">\u00a0<\/td><\/tr><\/tbody><\/table><\/div><\/div><h4>\u0645\u0639\u0627\u06cc\u0628 \u0648 \u0645\u062d\u062f\u0648\u062f\u06cc\u062a\u200c\u0647\u0627\u06cc MWRR<\/h4><div><div><div>\u00a0<\/div><\/div><div><div>\u00a0<\/div><table><thead><tr><th data-col-size=\"md\">\u0639\u06cc\u0628<\/th><th data-col-size=\"lg\">\u062a\u0648\u0636\u06cc\u062d \u0648\u0627\u0642\u0639\u06cc<\/th><\/tr><\/thead><tbody><tr><td data-col-size=\"md\">\u0642\u0627\u0628\u0644 \u0645\u0642\u0627\u06cc\u0633\u0647 \u0628\u06cc\u0646 \u0627\u0641\u0631\u0627\u062f \u06cc\u0627 \u0635\u0646\u062f\u0648\u0642\u200c\u0647\u0627 \u0646\u06cc\u0633\u062a<\/td><td data-col-size=\"lg\">\u0686\u0648\u0646 \u0647\u0631 \u06a9\u0633 \u0632\u0645\u0627\u0646\u200c\u0628\u0646\u062f\u06cc \u0645\u062a\u0641\u0627\u0648\u062a\u06cc \u062f\u0627\u0631\u062f\u00a0<\/td><\/tr><tr><td data-col-size=\"md\">\u0628\u0647 \u0634\u062f\u062a \u0628\u0647 \u0632\u0645\u0627\u0646\u200c\u0628\u0646\u062f\u06cc \u062d\u0633\u0627\u0633 \u0627\u0633\u062a<\/td><td data-col-size=\"lg\">\u06cc\u06a9 \u0648\u0627\u0631\u06cc\u0632 \u0628\u0632\u0631\u06af \u062f\u0631 \u0632\u0645\u0627\u0646 \u0628\u062f \u0645\u06cc\u200c\u062a\u0648\u0627\u0646\u062f \u0639\u062f\u062f \u0631\u0627 \u0646\u0627\u0628\u0648\u062f \u06a9\u0646\u062f<\/td><\/tr><tr><td data-col-size=\"md\">\u00a0<\/td><td data-col-size=\"lg\">\u00a0<\/td><\/tr><tr><td data-col-size=\"md\">\u00a0<\/td><td data-col-size=\"lg\">\u00a0<\/td><\/tr><\/tbody><\/table><\/div><\/div><div><div>\u00a0<\/div><\/div><p><strong>\u0646\u062a\u06cc\u062c\u0647\u200c\u06af\u06cc\u0631\u06cc \u0637\u0644\u0627\u06cc\u06cc:<\/strong><\/p><p><strong>TWRR = \u0645\u0647\u0627\u0631\u062a \u0645\u062f\u06cc\u0631<\/strong><\/p><p><strong>MWRR = \u0645\u0647\u0627\u0631\u062a \u0645\u062f\u06cc\u0631 + \u0645\u0647\u0627\u0631\u062a (\u06cc\u0627 \u0634\u0627\u0646\u0633) \u0634\u0645\u0627 \u062f\u0631 \u0632\u0645\u0627\u0646\u200c\u0628\u0646\u062f\u06cc<\/strong><\/p><p>\u0647\u0631 \u0648\u0642\u062a \u062f\u06cc\u062f\u06cc\u062f MWRR \u0634\u0645\u0627 \u062e\u06cc\u0644\u06cc \u06a9\u0645\u062a\u0631 \u0627\u0632 TWRR \u0635\u0646\u062f\u0648\u0642 \u0627\u0633\u062a : \u06cc\u0639\u0646\u06cc \u0645\u062f\u06cc\u0631 \u062e\u0648\u0628 \u0628\u0648\u062f\u0647\u060c \u0648\u0644\u06cc \u0634\u0645\u0627 \u0628\u062f \u0632\u0645\u0627\u0646\u200c\u0628\u0646\u062f\u06cc \u06a9\u0631\u062f\u06cc\u062f.\u00a0<\/p><p>\u0647\u0631 \u0648\u0642\u062a MWRR \u062e\u06cc\u0644\u06cc \u0628\u06cc\u0634\u062a\u0631 \u0627\u0632 TWRR \u0628\u0648\u062f :\u06cc\u0639\u0646\u06cc \u0634\u0645\u0627 \u0632\u0645\u0627\u0646\u200c\u0628\u0646\u062f\u06cc \u0641\u0648\u0642\u200c\u0627\u0644\u0639\u0627\u062f\u0647\u200c\u0627\u06cc \u062f\u0627\u0634\u062a\u06cc\u062f (\u06cc\u0627 \u062e\u06cc\u0644\u06cc \u062e\u0648\u0634\u200c\u0634\u0627\u0646\u0633 \u0628\u0648\u062f\u06cc\u062f!).<\/p><p>\u00a0<\/p><\/div><\/div><\/div><\/div><div><div><div><div><div><div><h3 style=\"text-align: right;\">\u0641\u0631\u0645\u0648\u0644 \u062f\u0642\u06cc\u0642 \u0645\u062d\u0627\u0633\u0628\u0647 MWRR (Money-Weighted Rate of Return)<\/h3><p style=\"text-align: right;\">MWRR \u0647\u0645\u0627\u0646\u00a0<strong>IRR (Internal Rate of Return)<\/strong>\u00a0\u0627\u0633\u062a \u0648 \u0628\u0627 \u062d\u0644 \u0627\u06cc\u0646 \u0645\u0639\u0627\u062f\u0644\u0647 \u0628\u0647 \u062f\u0633\u062a \u0645\u06cc\u200c\u0622\u06cc\u062f:<\/p><p style=\"text-align: right;\"><img decoding=\"async\" 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\" alt=\"\" \/><\/p><p style=\"text-align: right;\">\u00a0<\/p><p style=\"text-align: right;\">\u06a9\u0647 \u062f\u0631 \u0622\u0646:<\/p><p style=\"text-align: right;\"><span aria-hidden=\"true\">r<\/span>\u00a0= MWRR (\u0646\u0631\u062e \u0628\u0627\u0632\u062f\u0647 \u0648\u0632\u0646\u06cc \u067e\u0648\u0644\u06cc) : \u0647\u0645\u0627\u0646 \u0639\u062f\u062f\u06cc \u06a9\u0647 \u062f\u0646\u0628\u0627\u0644\u0634 \u0647\u0633\u062a\u06cc\u0645<\/p><p style=\"text-align: right;\"><span aria-hidden=\"true\">CFn<\/span>\u00a0= \u062c\u0631\u06cc\u0627\u0646 \u0646\u0642\u062f\u06cc \u062f\u0631 \u0632\u0645\u0627\u0646 t<\/p><p style=\"text-align: right;\">\u0648\u0627\u0631\u06cc\u0632 : \u0639\u062f\u062f\u00a0<strong>\u0645\u0646\u0641\u06cc<\/strong><\/p><p style=\"text-align: right;\">\u0628\u0631\u062f\u0627\u0634\u062a : \u0639\u062f\u062f\u00a0<strong>\u0645\u062b\u0628\u062a<\/strong><\/p><p style=\"text-align: right;\"><span aria-hidden=\"true\">Vn<\/span>\u00a0= \u0627\u0631\u0632\u0634 \u0628\u0627\u0642\u06cc\u200c\u0645\u0627\u0646\u062f\u0647 \u0633\u0628\u062f \u062f\u0631 \u0644\u062d\u0638\u0647 \u0622\u062e\u0631 (\u0627\u06af\u0631 \u0686\u06cc\u0632\u06cc \u0645\u0627\u0646\u062f\u0647 \u0628\u0627\u0634\u062f)<\/p><p style=\"text-align: right;\"><span aria-hidden=\"true\">t<\/span>\u00a0= \u0632\u0645\u0627\u0646 \u062f\u0642\u06cc\u0642 \u0628\u0647 \u0633\u0627\u0644 (\u06cc\u0627 \u06a9\u0633\u0631 \u0633\u0627\u0644) \u0627\u0632 \u0631\u0648\u0632 \u0634\u0631\u0648\u0639<\/p><p style=\"text-align: right;\">\u0627\u06cc\u0646 \u0645\u0639\u0627\u062f\u0644\u0647 \u06cc\u06a9 \u0686\u0646\u062f\u062c\u0645\u0644\u0647\u200c\u0627\u06cc \u0627\u0633\u062a \u0648 \u0645\u0639\u0645\u0648\u0644\u0627\u064b\u00a0<strong>\u0628\u0647 \u0635\u0648\u0631\u062a \u0639\u062f\u062f\u06cc<\/strong>\u00a0\u062d\u0644 \u0645\u06cc\u200c\u0634\u0648\u062f.<\/p><h3 style=\"text-align: right;\">\u0646\u062d\u0648\u0647 \u0645\u062d\u0627\u0633\u0628\u0647 \u0639\u0645\u0644\u06cc\u00a0<\/h3><div><div style=\"text-align: right;\"><div>\u00a0<\/div><\/div><div><div style=\"text-align: right;\">\u00a0<\/div><table><thead><tr><th style=\"text-align: right;\" data-col-size=\"xs\">\u0631\u0648\u0634<\/th><th style=\"text-align: right;\" data-col-size=\"xs\">\u062a\u0627\u0628\u0639 \u062f\u0631 \u0627\u06a9\u0633\u0644<\/th><th style=\"text-align: right;\" data-col-size=\"xs\">\u0686\u0647 \u0632\u0645\u0627\u0646\u06cc \u0627\u0633\u062a\u0641\u0627\u062f\u0647 \u0645\u06cc\u200c\u0634\u0648\u062f<\/th><th style=\"text-align: right;\" data-col-size=\"lg\">\u00a0<\/th><\/tr><\/thead><tbody><tr><td data-col-size=\"xs\"><strong>IRR<\/strong><\/td><td data-col-size=\"xs\">=IRR(\u0645\u0642\u0627\u062f\u06cc\u0631)<\/td><td data-col-size=\"xs\">\u0648\u0642\u062a\u06cc \u0641\u0627\u0635\u0644\u0647\u200c\u0647\u0627\u06cc \u0632\u0645\u0627\u0646\u06cc \u0645\u0646\u0638\u0645 \u0628\u0627\u0634\u062f (\u0645\u062b\u0644\u0627\u064b \u0645\u0627\u0647\u0627\u0646\u0647)<\/td><td data-col-size=\"lg\">\u00a0<\/td><\/tr><tr><td style=\"text-align: right;\" data-col-size=\"xs\"><strong>XIRR<\/strong>\u00a0(\u062f\u0642\u06cc\u0642\u200c\u062a\u0631)<\/td><td style=\"text-align: right;\" data-col-size=\"xs\">=XIRR(\u0645\u0642\u0627\u062f\u06cc\u0631, \u062a\u0627\u0631\u06cc\u062e\u200c\u0647\u0627)<\/td><td style=\"text-align: right;\" data-col-size=\"xs\">\u0648\u0642\u062a\u06cc \u062a\u0627\u0631\u06cc\u062e\u200c\u0647\u0627 \u0646\u0627\u0645\u0646\u0638\u0645 \u0628\u0627\u0634\u062f (\u0627\u0633\u062a\u0627\u0646\u062f\u0627\u0631\u062f \u0648\u0627\u0642\u0639\u06cc \u0628\u0627\u0632\u0627\u0631)<\/td><td style=\"text-align: right;\" data-col-size=\"lg\">\u00a0<\/td><\/tr><\/tbody><\/table><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t","protected":false},"excerpt":{"rendered":"<p>TWRR (Time-Weighted Rate of Return) \u0628\u0627\u0632\u062f\u0647 \u0648\u0632\u0646\u06cc \u0632\u0645\u0627\u0646\u06cc\u00a0 TWRR \u062f\u0642\u06cc\u0642\u0627\u064b \u0686\u06cc\u0633\u062a\u061f TWRR \u06cc\u06a9 \u0631\u0648\u0634 \u0645\u062d\u0627\u0633\u0628\u0647 \u0628\u0627\u0632\u062f\u0647 \u0633\u0631\u0645\u0627\u06cc\u0647\u200c\u06af\u0630\u0627\u0631\u06cc \u0627\u0633\u062a \u06a9\u0647 \u06a9\u0627\u0645\u0644\u0627\u064b \u0627\u062b\u0631 \u0648\u0627\u0631\u06cc\u0632 \u0648 \u0628\u0631\u062f\u0627\u0634\u062a\u200c\u0647\u0627\u06cc \u0634\u0645\u0627 \u0631\u0627 \u062d\u0630\u0641 \u0645\u06cc\u200c\u06a9\u0646\u062f \u0648 \u0641\u0642\u0637 \u0648 \u0641\u0642\u0637 \u0639\u0645\u0644\u06a9\u0631\u062f \u062e\u0627\u0644\u0635 \u0645\u062f\u06cc\u0631\u060c \u0627\u0633\u062a\u0631\u0627\u062a\u0698\u06cc \u06cc\u0627 \u0635\u0646\u062f\u0648\u0642 \u0631\u0627 \u0646\u0634\u0627\u0646 \u0645\u06cc\u200c\u062f\u0647\u062f. \u0628\u0647 \u0632\u0628\u0627\u0646 \u062e\u06cc\u0644\u06cc \u0633\u0627\u062f\u0647: \u0627\u0646\u06af\u0627\u0631 \u0634\u0645\u0627 \u0641\u0642\u0637 \u0631\u0648\u0632 \u0627\u0648\u0644 \u06f1\u06f0\u06f0 \u0645\u06cc\u0644\u06cc\u0648\u0646 \u062a\u0648\u0645\u0627\u0646 \u06af\u0630\u0627\u0634\u062a\u06cc \u0648&#8230;<\/p>\n","protected":false},"author":1,"featured_media":0,"parent":0,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"elementor_header_footer","meta":{"_kad_post_transparent":"","_kad_post_title":"hide","_kad_post_layout":"fullwidth","_kad_post_sidebar_id":"","_kad_post_content_style":"unboxed","_kad_post_vertical_padding":"hide","_kad_post_feature":"hide","_kad_post_feature_position":"","_kad_post_header":false,"_kad_post_footer":false,"footnotes":""},"class_list":["post-2190","page","type-page","status-publish","hentry"],"_links":{"self":[{"href":"http:\/\/nerkhcast.ir\/index.php\/wp-json\/wp\/v2\/pages\/2190","targetHints":{"allow":["GET"]}}],"collection":[{"href":"http:\/\/nerkhcast.ir\/index.php\/wp-json\/wp\/v2\/pages"}],"about":[{"href":"http:\/\/nerkhcast.ir\/index.php\/wp-json\/wp\/v2\/types\/page"}],"author":[{"embeddable":true,"href":"http:\/\/nerkhcast.ir\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"http:\/\/nerkhcast.ir\/index.php\/wp-json\/wp\/v2\/comments?post=2190"}],"version-history":[{"count":35,"href":"http:\/\/nerkhcast.ir\/index.php\/wp-json\/wp\/v2\/pages\/2190\/revisions"}],"predecessor-version":[{"id":2229,"href":"http:\/\/nerkhcast.ir\/index.php\/wp-json\/wp\/v2\/pages\/2190\/revisions\/2229"}],"wp:attachment":[{"href":"http:\/\/nerkhcast.ir\/index.php\/wp-json\/wp\/v2\/media?parent=2190"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}