to discount

German translation: Abschlag vornehmen

14:03 Jan 3, 2017
English to German translations [Non-PRO]
Bus/Financial - Investment / Securities / Portfoliotheorie
English term or phrase: to discount
Arbitrage pricing theory (APT) is an asset pricing model according to which the expected return of a security can be modelled as a linear combination of various factors or theoretical indices and the sensitivity to the factors represented using the factor specific beta. The derived return is used to price the asset. If there is no arbitrage in the economy, then we can price assets relative to one another based on their correlation with the factors – this is the basis of APT.

Example: Consider company X and Y which have the same dividend payout structures. The future stock price depends on the outcome of the business cycle. If the two scenarios are equally likely, the expected cash flow is: […]. The current stock price reflects what investors are willing to pay for the future pattern of cash flows or how much they ***discount it***. This is also the expected return of the stocks.


Wie versteht ihr hier das Verb “discount”? Hier meine beiden bisherigen Ansätze (mehr oder weniger geraten):

a) Der aktuelle Aktienkurs spiegelt wider, was die Anleger bereit sind, für die zukünftige Cashflow-Struktur **zu zahlen oder inwieweit sie bereit sind, darauf zu verzichten**.

b) Der aktuelle Aktienkurs spiegelt wider, was die Anleger bereit sind, für die zukünftige Cashflow-Struktur **zu zahlen bereit sind oder nicht**.
Olaf Reibedanz
Colombia
Local time: 08:44
German translation:Abschlag vornehmen
Explanation:
The current stock price reflects what investors are willing to pay for the future pattern of cash flows or how much they ***discount it

Vorschlag:
Im aktuellen Aktienkurs spiegelt sich wider, welchen Aufpreis die Anleger bereit sind, für die zu erwartenden Cashflows zu zahlen bzw. welchen Abschlag sie dafür vornehmen.

Selected response from:

Andrea Hauer
Germany
Local time: 14:44
Grading comment
Danke euch beiden! Ich hab mir hier für die von Andrea vorgeschlagene Lösung entschieden (hab die Stelle aber vorsichtshalber für den Kunden markiert).
4 KudoZ points were awarded for this answer



Summary of answers provided
4abzinsen
Daniel Gebauer
3Abschlag vornehmen
Andrea Hauer
Summary of reference entries provided
to discount
An-Ja

Discussion entries: 2





  

Answers


2 hrs   confidence: Answerer confidence 4/5Answerer confidence 4/5
abzinsen


Explanation:
Wie hoch sie die künftigen Zahlungströme abzinsen, diskontieren, um den Barwert dieser künftigen Zahlungsströme zu ermitteln.

Daniel Gebauer
Spain
Local time: 14:44
Specializes in field
Native speaker of: Native in SpanishSpanish, Native in GermanGerman
PRO pts in category: 270
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1 day 2 hrs   confidence: Answerer confidence 3/5Answerer confidence 3/5
Abschlag vornehmen


Explanation:
The current stock price reflects what investors are willing to pay for the future pattern of cash flows or how much they ***discount it

Vorschlag:
Im aktuellen Aktienkurs spiegelt sich wider, welchen Aufpreis die Anleger bereit sind, für die zu erwartenden Cashflows zu zahlen bzw. welchen Abschlag sie dafür vornehmen.



Andrea Hauer
Germany
Local time: 14:44
Specializes in field
Native speaker of: German
PRO pts in category: 1725
Grading comment
Danke euch beiden! Ich hab mir hier für die von Andrea vorgeschlagene Lösung entschieden (hab die Stelle aber vorsichtshalber für den Kunden markiert).
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Reference comments


27 mins
Reference: to discount

Reference information:
to discount
3.
a. To determine the present value of (a future payment or series of payments).
b. To price (a bond or other debt security) at a reduction to its face value, especially in place of a coupon.

discount n
1. A reduction from the full or standard amount of a price or value.
2. The amount by which the face value of a bond or other debt security exceeds its market price.


    Reference: http://www.tfd.com/discount
An-Ja
Poland
Native speaker of: Native in PolishPolish
PRO pts in category: 4
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