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The arithmetic, shown in full.
Eighteen tools for allocators, advisers and analysts: return and risk statistics from a series you paste, the Australian wholesale investor tests read from the legislation, and a due diligence questionnaire. Each one runs entirely in your browser, states the method it uses, and shows a worked example and a reference table whether or not scripts are enabled.
Available
Everything here, in five groups.
Each tool answers one question and shows its working. Nothing you enter is sent anywhere: it is handled on your own device, and this website records none of it. Terms used across the tools are defined in the glossary.
3 tools
Australian eligibility
Who may be offered what, under the Corporations Act. Published statutory tests applied to your own circumstances, with the section and the figure for each limb.
- Self-check
Wholesale investor test
A walkthrough of the Australian wholesale client and sophisticated investor tests, with a self-check that runs entirely in your browser.
- Decision map
Which test applies
Section 708 governs offers of securities, section 761G governs financial services. A decision map for which one you are under.
- Calculator
s708 certificate validity
How long an accountant’s certificate lasts, who can give one, and what it must say. Work out the expiry date of one you hold.
2 tools
Interpreting a number
A statistic on its own is not a verdict. What a ratio is worth given how much evidence stands behind it.
- Interpreter
Is this ratio any good?
Enter a ratio and how long the record is. Get the confidence interval around it, and an honest answer instead of a grading table.
- Calculator
Track record significance
How many years a track record needs before a Sharpe ratio can be separated from luck, and how strong the evidence is at the length you have.
7 tools
From a return series
Paste a series of returns and get the statistics an allocator would compute from it. Nothing you paste leaves your browser.
- Calculator
Risk ratios
Paste a series of monthly returns. Get cumulative and annualised return, volatility, Sharpe, Sortino, Calmar and maximum drawdown.
- Calculator
Benchmark-relative statistics
Paste a portfolio and a benchmark. Alpha, beta, tracking error, information ratio, upside and downside capture and R².
- Calculator
Value at risk
Historical and parametric value at risk and expected shortfall from one pasted series, side by side. They will disagree.
- Calculator
Correlation
Paste two series of monthly returns. Get their correlation, and a rolling correlation over a window you choose.
- Calculator
Trend and volatility
Paste a series and see its trailing trend and realised volatility, and how that pairing has moved over time.
- Calculator
Rolling returns
The best, worst and median outcome over every window of a given length — the range the same series produced at different entry points.
- Calculator
Hedged vs unhedged
Split an unhedged return into the local asset return and the currency movement, and see what hedging would have done.
5 tools
Structures and arithmetic
The compounding that governs fees, withdrawals, volatility and recovery — worked through on figures you choose.
- Calculator
Drawdown recovery
Enter a fall from a peak. See the gain required to get back to that peak, and how long it takes at an assumed annual rate.
- Calculator
Fee drag
Compare gross and net growth under a management fee, a performance fee, a high-water mark and an optional hurdle, over a period you set.
- Calculator
Sequence of returns
The order of returns changes nothing until money is going in or out. See how much it changes once it is.
- Calculator
Volatility drag
Why a compound return sits below the average return, and roughly how much a given level of volatility costs each year.
- Calculator
Return frequency
Convert a return or a volatility between daily, weekly, monthly, quarterly and annual, with the assumption each conversion makes.
1 tool
Process
Documents and checklists for assessing a manager, free and without registration.
How to read them
What these tools are, and are not.
What they are
- General information about the mathematics of investment returns, and about published Australian statutory tests.
- Complete and self-contained: the method, a worked example and a reference table sit on every page, and every term links to the glossary.
- Client-side only. Figures you enter stay in your browser and are not transmitted or stored.
What they are not
- Not personal advice, and not legal advice. They do not consider your objectives, financial situation or needs.
- Not a projection. An assumed annual rate is an input you choose, not an expectation.
- Not a description of the KyperX Capital strategy. The record is published separately, on Performance.
These tools are provided for general information only and are directed to wholesale and professional investors. They are not an offer, invitation or recommendation to acquire any financial product. Investing involves risk, including the possible loss of capital. Past performance is not a reliable indicator of future performance.