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Video: Compound Annual Growth Rate (CAGR) Definition
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Date |
Open |
High |
Low |
Close |
Volume |
04/17/2024 |
$16.46 |
$16.46 |
$15.70 |
$16.11 |
9.20K | 04/18/2024 |
$16.39 |
$16.39 |
$16.00 |
$16.06 |
17.60K | 04/19/2024 |
$15.93 |
$16.83 |
$15.93 |
$16.63 |
25.90K | 04/22/2024 |
$16.86 |
$17.00 |
$15.96 |
$16.76 |
36.70K | 04/23/2024 |
$17.00 |
$17.19 |
$16.62 |
$17.14 |
12.50K |
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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. | |
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Velocity Financial (VEL) has the following price history information. Looking back at VEL historical stock prices for the last five trading days, on April 17, 2024, VEL opened at $16.46, traded as high as $16.46 and as low as $15.70, and closed at $16.11. Trading volume was a total of 9.20K shares. On April 18, 2024, VEL opened at $16.39, traded as high as $16.39 and as low as $16.00, and closed at $16.06. Trading volume was a total of 17.60K shares. On April 19, 2024, VEL opened at $15.93, traded as high as $16.83 and as low as $15.93, and closed at $16.63. Trading volume was a total of 25.90K shares. On April 22, 2024, VEL opened at $16.86, traded as high as $17.00 and as low as $15.96, and closed at $16.76. Trading volume was a total of 36.70K shares. On April 23, 2024, VEL opened at $17.00, traded as high as $17.19 and as low as $16.62, and closed at $17.14. Trading volume was a total of 12.50K 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
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Start date: |
01/21/2020 |
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End date: |
04/23/2024 |
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Start price/share: |
$14.11 |
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End price/share: |
$17.14 |
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Dividends collected/share: |
$0.00 |
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Total return: |
21.47% |
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Average Annual Total Return: |
4.68% |
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Starting investment: |
$10,000.00 |
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Ending investment: |
$12,148.31 |
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Years: |
4.25 |
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Date |
Close |
04/17/2024 | $16.11 | 04/18/2024 | $16.06 | 04/19/2024 | $16.63 | 04/22/2024 | $16.76 | 04/23/2024 | $17.14 |
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