Looking at my NYSE/NASDAQ positions and I cannot make sense of the Investment gain/loss amounts and ratios. E.g. my BRK.B holdingās gain is +4.48% (Ā£213.52) and at the same time +2.90 ($171.10).
$171.10 = Ā£213.52? 2.90% = 4.48%
Even factoring in exchange rate and FX fee, it is hard to make sense of those figures.
Any ideas?
@Freetrade, please note I have contacted you with a similar question 6 days ago using the in-app chat service (āContact usā).
I now only look at the āpoundsā gain and loss, cause at the end of the day it is that what you will earn or lose if you will sell some shares.
(Even for the U.S. one)
OK, if the Ā£Ā£Ā£ and $$$ values are calculated differently, this should be explained somewhere in the app. The 2 values have the exact same name but they tell me a very different story, and only the Ā£Ā£Ā£ one reflects the current value of MY investment. Both views are useful, knowing what I am looking at.
I think both original currency and Ā£ profit / loss are important. If you sell right now then it will get sold in original currency and converted to Ā£ at todayās exchange rate. However, my understanding is that multi currency feature is being looked at, at that point the original p/L will become useful.
If you purchase in USD, you can see your profit in USD or in GBP.
They are different because exchange rate changes every dayā¦and if it only showed you the GBP profit / loss you couldnāt accurately asses the performance of the stock itself.
It is due to the combined effect of share price fluctuation and exchange rate fluctuation. Freetrade confirmed, checked the figures and it is all clear now. Thanks for replying.