I have monthly returns of 10 portfolios from 1927 till 2018. I already multiplied the percentages by 0,01 and calculated each month quarterly and yearly returns. The problem is however that in two consecutive months this gives results with overlapping observations (for instance March*April*May). Hence, I need to create a function in VBA to calculate those returns without overlapping observations. So that for instance quarterly returns are only on a quarterly basis (Jan-Mar)
Hope anyone can help me out and thanks in advance!
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