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Compute the monthly total returns. Using the Adjusted Close prices, which are already adjusted for stock split and dividends, the return at time t is

Compute the monthly total returns. Using the Adjusted Close prices, which are already adjusted for stock split and dividends, the return at time t is simply (Pt - Pt-1)/Pt-1 , i.e. the Adjusted Close price of month t minus the Adjusted Close price of month t-1 divided by the Adjusted Close price of month t-1.

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To compute the monthly total returns using Adjusted Close prices you can use the formula 11Pt1PtPt1 ... blur-text-image

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