@pca |

One-period percentage change, annualized (in percent).

Syntax: @pca(x)

x: series

n: integer, series

Return: series

Returns the n-th root of the total return of x over n periods, minus 1:

where is the lag associated with the yearly frequency (e.g., for quarterly data, for monthly data).

This function is panel aware.

Examples

If x is a series of monthly profits, then

show @pca(x)

produces a linked series of annualized profit growth in percent.

Cross-references