What is YTD?
Let's find out YTD meaning, definition in crypto, what is YTD, and all other detailed facts.
YTD, an acronym for "year to date", is a metric that analyzes an asset's performance over the course of a calendar year, from January 1 to today.
Here's an illustration - by April 1st of 2021, Bitcoin had climbed from $29,032 to $59,056. This would have indicated that the world's largest cryptocurrency has gained 103 percent year to date.
Furthermore, YTD performance is an important measure of profitability. On the other hand, this metric differs from year to year since it compares two specific dates one year apart on a yearly premise. In this way, both evaluations are equally useful to traders when comparing the performance of specific cryptocurrencies.
A few examples of year to date:
- Year to date returns;
- Year to date earnings;
- Year to date net pay.
So, YTD financial information is beneficial for the administration since it allows them to monitor a company's financial health on a temporary basis instead of waiting until the end of the fiscal year.