Modified Duration — A formula that expresses the measurable change in the value of a security in response to a change in interest rates. Calculated as: Where: n = number of coupon periods per year YTM = the bond s yield to maturity Modified duration follows the… … Investment dictionary
Modified duration — The ratio of Macaulay duration to (1 + y), where y = the bond yield. Modified duration is inversely related to the approximate percentage change in price for a given change in yield. The New York Times Financial Glossary … Financial and business terms
Duration — Die Duration ist eine Sensitivitätskennzahl, die die durchschnittliche Kapitalbindungsdauer einer Geldanlage in einem festverzinslichen Wertpapier bezeichnet. Genauer genommen und allgemein formuliert ist die Duration der gewichtete Mittelwert… … Deutsch Wikipedia
duration — A sophisticated measure of the average timing of cash flows from an asset or a liability or from an asset portfolio or a liability portfolio. Essentially, duration is a more accurate measure of maturity because it reflects the timing of cash… … Financial and business terms
Duration — La duration d un instrument financier à taux fixe, comme une obligation, est la durée de vie moyenne de ses flux financiers pondérée par leur valeur actualisée. Toutes choses étant égales d ailleurs, plus la duration est élevée, plus le risque… … Wikipédia en Français
duration MVPE — The measured interest rate sensitivity of bank equity calculated with the use of duration methodology. The modified duration of equity. This name is used to distinguish between MVPE rate sensitivity calculated using duration methodology and the… … Financial and business terms
duration modificata — Eng. modified duration Indicatore di sensitività del prezzo. E uguale alla duration divisa per la somma tra uno e il rendimento del titolo. Una duration pari a 5 significa che una variazione di un punto percentuale del rendimento comporta una … Glossario di economia e finanza
Modified Internal Rate of Return — (MIRR) is a financial measure used to determine the attractiveness of an investment. It is generally used as part of a capital budgeting process to rank various alternative choices. As the name implies, MIRR is a modification of the financial… … Wikipedia
Bond duration — Financial markets Public market Exchange Securities Bond market Fixed income Corporate bond Government bond Municipal bond … Wikipedia
positive duration — (1) The name for a particular relationship between changes in the price of a debt security and changes in prevailing interest rates. When a security has positive duration, its price increases in response to a decrease in prevailing market rates.… … Financial and business terms
