The 7-day annualized rate of return can be calculated according to the following steps:
Collect the daily income of the past seven days and add up the daily income of these seven days.
Total daily return = first day+second day+third day+fourth day+fifth day+sixth day+seventh day.
Divide the total daily rate of return by 7 to calculate the average daily rate of return.
Average Daily Return = Total Daily Return /7
Multiply the average daily rate of return by 365 to calculate the 7-day annualized rate of return.
For example, let's assume that the daily returns in the past seven days are: 1%, 2%, -0.5%, 1.5%, 0.75%,-1% and 2.25% respectively.
Add up the daily income and divide it by the number of days (7) to calculate the average daily income. Use the above example:
Average daily income = (1%+2%-0.5%+1.5%+0.75%-1%+2.25%)/7 = 0.6786%.
To calculate the annualized income, multiply the average daily income by 365:
7-day annualized rate of return = 0.6786% x 365 = 247.857%.
Therefore, the annualized rate of return on the 7th is 247.857%.