What is the XIRR Function? The XIRR Function is categorized under Excel financial functions. It will calculate the Internal Rate of Return (IRR) for a series of cash flows that may not be periodic. It does this by assigning specific dates to each individual cash flow. The main benefit of using the XIRR Excel function…
What is the Excel TEXT Function? The Excel TEXT Function is used to convert numbers to text within a spreadsheet. Essentially, the function will convert a numeric value into a text string. TEXT is available in all versions of Excel. Formula =Text(Value, format_text) Where: Value is the numerical value that we need to convert to text…
TREND Function – Forecast & Extrapolate in Excel The TREND Function is an Excel Statistical function that will calculate the linear trend line to the arrays of known y and known x. The function extends a linear trend line to calculate the additional y-values for a new set of x-values. This guide will show you…
What is the MINIFS Function? The MINIFS Function is categorized under Excel Statistical functions. It will return the smallest numeric value that meets one or more criteria in a given range of values. In financial analysis, the MINIFS function can be used to extract a minimum numeric value. For example, we can get the minimum…
How to Calculate AVERAGE in Excel? The AVERAGE Function is categorized under Excel Statistical functions. It will return the average value of a given series of numbers in Excel. The function is used to calculate the arithmetic mean of a given set of arguments in Excel. This guide will show you, step-by-step, how to calculate…
Inverse Normal Cumulative Distribution The NORM.S.INV Function is categorized under Excel Statistical functions. It will calculate the inverse normal cumulative distribution for a given probability value. Introduced in MS Excel 2010, the NORM.S.INV function is an updated version of the NORMSINV function. As a financial analyst, the NORM.S.INV is useful in stock market analysis. We…
What is the CELL Function? The CELL Function is an Excel Information function that will extract information about a cell’s location, contents, or formatting. The CELL function takes two arguments, one that determines the type of information to be extracted and the other that is which cell it will be checking. As a financial analyst,…
How to Calculate Standard Normal Distribution The NORM.S.DIST Function is categorized under Excel Statistical functions. It will calculate the Standard Normal Distribution function for a given value. The NORM.S.DIST function can be used to determine the probability that a random variable that is standard normally distributed would be less than 0.5. In financial analysis, NORM.S.DIST…
