Weighted measure of times until stock dividends are received
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The duration of a stock is the average of the times until its cash flows are received, weighted by their present values. The most popular model of duration uses dividends as the cash flows. In vernacular, the duration of a stock is how long we need to receive dividends to be repaid the purchase price of the stock. If a stock doesn't pay dividends, other methods using distributable cash flows, may be utilized.
The duration of an equity is a noisy analogue of the Macaulay duration of a bond, due to the variability and unpredictability of dividend payments. The duration of a stock or the stock market is implied rather than deterministic.
Duration of the U.S. stock market as a whole, and most individual stocks within it, is many years to a few decades. A nominal value, assumed in many analyses, would be 20-30 years, analogous to long term bonds. Higher price/earnings and other multiples imply longer duration.
Duration is a measure of the price sensitivity of a stock to changes in the long term interest rate, i.e., the longer the duration, the more sensitive the stock is to interest rates.
In U.S. stock markets, an SEC rule adoption in 1982 (rule 10b-18) that allowed discretionary stock buybacks has distorted the calculation of duration based on dividends since at least the early 1990s. The rule change had no ascertainable impact on duration, but duration now needs to account for all cash distributions including buybacks.
The duration of a stock is the average of the times until its cash flows are received, weighted by their present values. The most popular model of duration...
most devastating stock market crash in the history of the United States when taking into consideration the full extent and duration of its aftereffects...
shorter duration where belligerents have already stockpiled sufficiently for the outbreak of conflict are able to rely on pre-existing stock. The U.S...
the popular American television series Dallas, played by actress Barbara Stock from 1990 to 1991. She first appeared in the season 13 episode "The Southfork...
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of this, see stock footage and B roll). Since the term originates in film, footage is only used for recorded images, such as film stock, videotapes or...
only own phantom stock during the duration of their employment with the company. For startups, phantom shares can be used in lieu of stock options to provide...
Survival analysis is a branch of statistics for analyzing the expected duration of time until one event occurs, such as death in biological organisms and...
to outside of Australia as, or confused within Australia as, the Sydney Stock Exchange, a separate entity). The ASX was formed on 1 April 1987, through...
indices gaining 20% or more from their low. From 1926 to 2014, the average duration of a bear market was 13 months, accompanied by an average cumulative loss...
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sampling, where the relationship of interest deals with duration or survival analysis. In stock sampling, rather than focusing on transitions within a...
should be planted in a well-drained site, and requires staking for the duration of its life. This rootstock is also very susceptible to fireblight and...
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it comes to different sampling methods, such as stock or flow sampling. On the other hand, duration models have also been extended to allow for different...
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that the holder can convert into a specified number of shares of common stock in the issuing company or cash of equal value. It is a hybrid security with...
the duration of the indefinite and unfolding of events. The perceived time interval between two successive events is referred to as perceived duration. Though...
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leaving IndyCar after the 2011 season to focus on stock car racing full-time. Patrick began racing stock cars in 2010 in the NASCAR Nationwide Series (now...
following: ROI = (200 + 4 - 100 - 5 - 5) / (100 + 5 + 5) x 100% = 85.45% As the duration of this investment is 1 year, this ROI is annual. For a single-period review...
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performance of extracted, packaged stock versus in situ stock seem not to have been carried out, but packaged stock has performed well and given no indication...
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