法律英语词汇“CONVEXITY”的翻译、意思、用法、释义-法律词典

单词	CONVEXITY
释义	A mathematical measure that quantifies the sensitivity of an ASSET to large changes in price or YIELD. In OPTION contracts convexity (commonly termed GAMMA) measures the change in DELTA for a change in the price of the UNDERLYING; in FIXED INCOME products it measures the change in DURATION for a change in YIELD or INTEREST RATES. Mathematically convexity is the first derivative of a change in value with respect to duration/delta, or the second derivative of a change in value with respect to yield/underlying. Standard convexity calculations for a fixed income security with semiannual coupons are given by: where C is COUPON, t is the time to maturity, y is the semiannual yield, n is the number of semiannual periods, and M is the redemption value of the bond (generally PAR VALUE). Also known as OPTIONALITY. See also NEGATIVE CONVEXITY, NONLINEAR INSTRUMENT, POSITIVE CONVEXITY.
随便看	EMPIRIC EMPIRICAL EMPIRICAL COST ESTIMATING EMPIRICAL PROBABILITY EMPIRICAL RULE EMPLAZAMIENTO EMPLEAD EMPLOI EMPLOY EMPLOYED EMPLOYED EARNER EMPLOYED PERSON EMPLOYEE EMPLOYEE EMPLOYEE ASSISTANCE PROGRAM EMPLOYEE BENEFIT PROGRAM EMPLOYEE BENEFITS EMPLOYEE BUY OUT EMPLOYEE CERTIFICATE OF INSURANCE EMPLOYEE CONTRIBUTIONS EMPLOYEE DEVELOPMENT EMPLOYEE DISHONESTY EMPLOYEE DISHONESTY COVERAGE FORM EMPLOYEE ENGAGEMENT EMPLOYEE INVOLVEMENT

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