|
Video: Compound Annual Growth Rate (CAGR) Definition
|
|
Date |
Open |
High |
Low |
Close |
Volume |
03/22/2024 |
$18.50 |
$19.08 |
$17.72 |
$18.00 |
29.90K | 03/25/2024 |
$18.27 |
$18.27 |
$16.61 |
$17.57 |
29.40K | 03/26/2024 |
$17.58 |
$18.40 |
$17.58 |
$18.19 |
9.70K | 03/27/2024 |
$18.39 |
$18.82 |
$17.96 |
$18.23 |
21.30K | 03/28/2024 |
$18.15 |
$18.47 |
$17.89 |
$18.00 |
36.30K |
|
Velocity Financial is a vertically integrated real estate finance company. Co. originates and manages investor loans secured by one-to-four unit residential rental and commercial properties. Co. originates loans nationwide across its network of independent mortgage brokers. Co.'s primary products are a 30-year amortizing term loan with a three-year fixed-rate period which floats at a spread to the prime rate thereafter subject to a floor equal to the starting fixed rate, and a 30-year fixed-rate amortizing term loan. Co. also originates short-term, interest-only loans to be used for acquiring, repositioning or improving the quality of one-to-four unit residential investment properties. | |
|
Velocity Financial (VEL) has the following price history information. Looking back at VEL historical stock prices for the last five trading days, on March 22, 2024, VEL opened at $18.50, traded as high as $19.08 and as low as $17.72, and closed at $18.00. Trading volume was a total of 29.90K shares. On March 25, 2024, VEL opened at $18.27, traded as high as $18.27 and as low as $16.61, and closed at $17.57. Trading volume was a total of 29.40K shares. On March 26, 2024, VEL opened at $17.58, traded as high as $18.40 and as low as $17.58, and closed at $18.19. Trading volume was a total of 9.70K shares. On March 27, 2024, VEL opened at $18.39, traded as high as $18.82 and as low as $17.96, and closed at $18.23. Trading volume was a total of 21.30K shares. On March 28, 2024, VEL opened at $18.15, traded as high as $18.47 and as low as $17.89, and closed at $18.00. Trading volume was a total of 36.30K shares.
VEL Historical Stock Prices By Date:
Below, we examine the compound annual growth rate — CAGR for short — of an investment into Velocity Financial shares, starting with a $10,000 purchase of VEL, and working forward through the historical stock price information to today.
Growth of $10,000.00
Without Dividends Reinvested
|
Start date: |
01/21/2020 |
|
End date: |
03/28/2024 |
|
Start price/share: |
$14.11 |
|
End price/share: |
$18.00 |
|
Dividends collected/share: |
$0.00 |
|
Total return: |
27.57% |
|
Average Annual Total Return: |
5.99% |
|
Starting investment: |
$10,000.00 |
|
Ending investment: |
$12,755.49 |
|
Years: |
4.18 |
|
|
|
Date |
Close |
03/22/2024 | $18.00 | 03/25/2024 | $17.57 | 03/26/2024 | $18.19 | 03/27/2024 | $18.23 | 03/28/2024 | $18.00 |
|
|