Conditional XIRR

[yelkus]

Hi,
I'm trying to use a conditional XIRR function.
I have tried using {=XIRR(IF($A$2:$A$7=A4,$C$2:$C$7,0),$B$2:$B$7)} but this does not work properly - see example below.
For some strage reason - it only works if the first value in column A is equal to the condition ie if you did {=XIRR(IF($A$2:$A$7=A2,$C$2:$C$7,0),$B$2:$B$7)} then it does work (because "CITI-CUR-USD-1" is the first entry in the column).
Come on you gurus - any help would be greatly appreciated.
Thanks,
jeremy
<TABLE style="WIDTH: 262pt; BORDER-COLLAPSE: collapse" border=0 cellSpacing=0 cellPadding=0 width=349><COLGROUP><COL style="WIDTH: 48pt" width=64><COL style="WIDTH: 86pt; mso-width-source: userset; mso-width-alt: 4205" width=115><COL style="WIDTH: 65pt; mso-width-source: userset; mso-width-alt: 3145" width=86><COL style="WIDTH: 63pt; mso-width-source: userset; mso-width-alt: 3072" width=84><TBODY><TR style="HEIGHT: 15pt" height=20><TD style="BORDER-BOTTOM: #ece9d8; BORDER-LEFT: #ece9d8; BACKGROUND-COLOR: transparent; WIDTH: 48pt; HEIGHT: 15pt; BORDER-TOP: #ece9d8; BORDER-RIGHT: #ece9d8" height=20 width=64>


</TD><TD style="BORDER-BOTTOM: #ece9d8; BORDER-LEFT: #ece9d8; BACKGROUND-COLOR: transparent; WIDTH: 86pt; BORDER-TOP: #ece9d8; BORDER-RIGHT: #ece9d8" width=115>A</TD><TD style="BORDER-BOTTOM: #ece9d8; BORDER-LEFT: #ece9d8; BACKGROUND-COLOR: transparent; WIDTH: 65pt; BORDER-TOP: #ece9d8; BORDER-RIGHT: #ece9d8" width=86>B</TD><TD style="BORDER-BOTTOM: #ece9d8; BORDER-LEFT: #ece9d8; BACKGROUND-COLOR: transparent; WIDTH: 63pt; BORDER-TOP: #ece9d8; BORDER-RIGHT: #ece9d8" width=84>C</TD></TR><TR style="HEIGHT: 15pt" height=20><TD style="BORDER-BOTTOM: #ece9d8; BORDER-LEFT: #ece9d8; BACKGROUND-COLOR: transparent; HEIGHT: 15pt; BORDER-TOP: #ece9d8; BORDER-RIGHT: #ece9d8" height=20 align=right>1 </TD><TD style="BORDER-BOTTOM: #ece9d8; BORDER-LEFT: #ece9d8; BACKGROUND-COLOR: transparent; BORDER-TOP: #ece9d8; BORDER-RIGHT: #ece9d8">Asset</TD><TD style="BORDER-BOTTOM: #ece9d8; BORDER-LEFT: #ece9d8; BACKGROUND-COLOR: transparent; BORDER-TOP: #ece9d8; BORDER-RIGHT: #ece9d8">Current Date</TD><TD style="BORDER-BOTTOM: #ece9d8; BORDER-LEFT: #ece9d8; BACKGROUND-COLOR: transparent; BORDER-TOP: #ece9d8; BORDER-RIGHT: #ece9d8"> Amount</TD></TR><TR style="HEIGHT: 15pt" height=20><TD style="BORDER-BOTTOM: #ece9d8; BORDER-LEFT: #ece9d8; BACKGROUND-COLOR: transparent; HEIGHT: 15pt; BORDER-TOP: #ece9d8; BORDER-RIGHT: #ece9d8" height=20 align=right>2 </TD><TD style="BORDER-BOTTOM: #ece9d8; BORDER-LEFT: #ece9d8; BACKGROUND-COLOR: transparent; BORDER-TOP: #ece9d8; BORDER-RIGHT: #ece9d8">CITI-CUR-USD-1</TD><TD style="BORDER-BOTTOM: #ece9d8; BORDER-LEFT: #ece9d8; BACKGROUND-COLOR: transparent; BORDER-TOP: #ece9d8; BORDER-RIGHT: #ece9d8" class=xl65 align=right>12/06/2008</TD><TD style="BORDER-BOTTOM: #ece9d8; BORDER-LEFT: #ece9d8; BACKGROUND-COLOR: transparent; BORDER-TOP: #ece9d8; BORDER-RIGHT: #ece9d8" class=xl66 align=right>-428,976</TD></TR><TR style="HEIGHT: 15pt" height=20><TD style="BORDER-BOTTOM: #ece9d8; BORDER-LEFT: #ece9d8; BACKGROUND-COLOR: transparent; HEIGHT: 15pt; BORDER-TOP: #ece9d8; BORDER-RIGHT: #ece9d8" height=20 align=right>

3​

</TD><TD style="BORDER-BOTTOM: #ece9d8; BORDER-LEFT: #ece9d8; BACKGROUND-COLOR: transparent; BORDER-TOP: #ece9d8; BORDER-RIGHT: #ece9d8">CITI-CUR-USD-1</TD><TD style="BORDER-BOTTOM: #ece9d8; BORDER-LEFT: #ece9d8; BACKGROUND-COLOR: transparent; BORDER-TOP: #ece9d8; BORDER-RIGHT: #ece9d8" class=xl65 align=right>12/06/2008</TD><TD style="BORDER-BOTTOM: #ece9d8; BORDER-LEFT: #ece9d8; BACKGROUND-COLOR: transparent; BORDER-TOP: #ece9d8; BORDER-RIGHT: #ece9d8" class=xl66 align=right>1,251</TD></TR><TR style="HEIGHT: 15pt" height=20><TD style="BORDER-BOTTOM: #ece9d8; BORDER-LEFT: #ece9d8; BACKGROUND-COLOR: transparent; HEIGHT: 15pt; BORDER-TOP: #ece9d8; BORDER-RIGHT: #ece9d8" height=20 align=right>

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</TD><TD style="BORDER-BOTTOM: #ece9d8; BORDER-LEFT: #ece9d8; BACKGROUND-COLOR: transparent; BORDER-TOP: #ece9d8; BORDER-RIGHT: #ece9d8">EQTY-RE-USD-1</TD><TD style="BORDER-BOTTOM: #ece9d8; BORDER-LEFT: #ece9d8; BACKGROUND-COLOR: transparent; BORDER-TOP: #ece9d8; BORDER-RIGHT: #ece9d8" class=xl65 align=right>12/09/2009</TD><TD style="BORDER-BOTTOM: #ece9d8; BORDER-LEFT: #ece9d8; BACKGROUND-COLOR: transparent; BORDER-TOP: #ece9d8; BORDER-RIGHT: #ece9d8" class=xl66 align=right>-25,000</TD></TR><TR style="HEIGHT: 15pt" height=20><TD style="BORDER-BOTTOM: #ece9d8; BORDER-LEFT: #ece9d8; BACKGROUND-COLOR: transparent; HEIGHT: 15pt; BORDER-TOP: #ece9d8; BORDER-RIGHT: #ece9d8" height=20 align=right>

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</TD><TD style="BORDER-BOTTOM: #ece9d8; BORDER-LEFT: #ece9d8; BACKGROUND-COLOR: transparent; BORDER-TOP: #ece9d8; BORDER-RIGHT: #ece9d8">CITI-CUR-USD-1</TD><TD style="BORDER-BOTTOM: #ece9d8; BORDER-LEFT: #ece9d8; BACKGROUND-COLOR: transparent; BORDER-TOP: #ece9d8; BORDER-RIGHT: #ece9d8" class=xl65 align=right>31/10/2010</TD><TD style="BORDER-BOTTOM: #ece9d8; BORDER-LEFT: #ece9d8; BACKGROUND-COLOR: transparent; BORDER-TOP: #ece9d8; BORDER-RIGHT: #ece9d8" class=xl66 align=right>432,000</TD></TR><TR style="HEIGHT: 15pt" height=20><TD style="BORDER-BOTTOM: #ece9d8; BORDER-LEFT: #ece9d8; BACKGROUND-COLOR: transparent; HEIGHT: 15pt; BORDER-TOP: #ece9d8; BORDER-RIGHT: #ece9d8" height=20 align=right>

6​

</TD><TD style="BORDER-BOTTOM: #ece9d8; BORDER-LEFT: #ece9d8; BACKGROUND-COLOR: transparent; BORDER-TOP: #ece9d8; BORDER-RIGHT: #ece9d8">EQTY-RE-USD-1</TD><TD style="BORDER-BOTTOM: #ece9d8; BORDER-LEFT: #ece9d8; BACKGROUND-COLOR: transparent; BORDER-TOP: #ece9d8; BORDER-RIGHT: #ece9d8" class=xl65 align=right>3/09/2010</TD><TD style="BORDER-BOTTOM: #ece9d8; BORDER-LEFT: #ece9d8; BACKGROUND-COLOR: transparent; BORDER-TOP: #ece9d8; BORDER-RIGHT: #ece9d8" class=xl66 align=right>73</TD></TR><TR style="HEIGHT: 15pt" height=20><TD style="BORDER-BOTTOM: #ece9d8; BORDER-LEFT: #ece9d8; BACKGROUND-COLOR: transparent; HEIGHT: 15pt; BORDER-TOP: #ece9d8; BORDER-RIGHT: #ece9d8" height=20 align=right>

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</TD><TD style="BORDER-BOTTOM: #ece9d8; BORDER-LEFT: #ece9d8; BACKGROUND-COLOR: transparent; BORDER-TOP: #ece9d8; BORDER-RIGHT: #ece9d8">EQTY-RE-USD-1</TD><TD style="BORDER-BOTTOM: #ece9d8; BORDER-LEFT: #ece9d8; BACKGROUND-COLOR: transparent; BORDER-TOP: #ece9d8; BORDER-RIGHT: #ece9d8" class=xl65 align=right>31/10/2010</TD><TD style="BORDER-BOTTOM: #ece9d8; BORDER-LEFT: #ece9d8; BACKGROUND-COLOR: transparent; BORDER-TOP: #ece9d8; BORDER-RIGHT: #ece9d8" class=xl66 align=right>26,000</TD></TR></TBODY></TABLE>

 

[rupertlo]

I found this when I tried to do the same thing - (I think) the problem is that XIRR requires the first cash flow in range to active. This applies to CITI-CUR-USD-1 as it is in row 2 but not to EQTY-RE-USD-1 as it only starts from row 4.

The way I would work around it would be to create a cash flow for each asset, i.e. column D for Citi....USD-1 and column E for Eqty...USD-1, I would do this using a SUMIF or IF function.

Then I would do an XIRR on each column with offsets to the range when I had identified the first and last cash flows related to each asset.

Not very helpful in isolation but here are the formula I used to find the first and last non-zero values in a range

First: =INDEX(OFFSET($A$16,0,0,$B$2,1),MATCH(TRUE,OFFSET(I$16,0,0,$B$2,1)<>0,),0)
Last: =MIN($B$4,LOOKUP(2,1/(OFFSET(I$16,0,0,$B$2,1)<>0),OFFSET($A$16,0,0,$B$2,1)))

 

[XOR LX]

Bit surprised no-one replied to the original thread.

You need to ensure that the ranges passed comprise only those values which meet the criterion.

Array formula**:

=XIRR(INDEX(C:C,N(IF(1,MODE.MULT(IF(A2:A7=A4,{1,1}*ROW(A2:A7)))))),INDEX(B:B,N(IF(1,MODE.MULT(IF(A2:A7=A4,{1,1}*ROW(A2:A7)))))))

Regards


**Array formulas are not entered in the same way as 'standard' formulas. Instead of pressing just ENTER, you first hold down CTRL and SHIFT, and only then press ENTER. If you've done it correctly, you'll notice Excel puts curly brackets {} around the formula (though do not attempt to manually insert these yourself).