arbitrage pricing theory

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00:55 Jul 17, 2020
English to Turkish translations [PRO]
Bus/Financial - Economics
Additional field(s): Business/Commerce (general), Economics, Finance (general), Marketing / Market Research, Social Science, Sociology, Ethics, etc.
English term or phrase: arbitrage pricing theory
Definition from The Economist:
The arbitrage pricing theory says that the price of a financial asset reflects a few key risk factors, such as the expected rate of interest, and how the price of the asset changes relative to the price of a portfolio of assets. If the price of an asset happens to diverge from what the theory says it should be, arbitrage by investors should bring it back into line.

Example sentence(s):
  • The Arbitrage Pricing Theory provides more flexibility than the CAPM; however, the former is more complex. The inputs that make the arbitrage pricing model complicated are the asset’s price sensitivity to factor n (βn) and the risk premium to factor n (RPn). Corporate Finance Institute
  • Over the years, arbitrage pricing theory has grown in popularity for its relatively simpler assumptions. However, arbitrage pricing theory is a lot more difficult to apply in practice because it requires a lot of data and complex statistical analysis. Investopedia
  • The test's results show that, within the scope of the methodology and data employed, the Arbitrage Pricing Theory (APT) does hold in the very emerging stock market of Thailand, while the CAPM (Capital Asset Pricing Model) fails to do so. IDEAS
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Summary of translations provided
5arbitraj fiyatlandırma teorisi
Serhan Elmacıoğlu


  

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8 hrs   confidence: Answerer confidence 5/5
arbitraj fiyatlandırma teorisi


Definition from Wikipedia:
Finansta, arbitraj fiyatlandırma teorisi, bir finansal varlığın beklenen getirisinin, çeşitli faktörlerin veya teorik piyasa endekslerinin doğrusal bir işlevi olarak modellenebileceğini, her faktördeki .

Example sentence(s):
  • Finansal varlık Fiyatlama Modeli (FVFM)’nin sınanması sırasında karşılaşılan güçlükler, modelin çeşitli yetersizlikleri ve sonuçta da FVFM’nin kendisinin sınanabilir olup olmadığı konusu, araştırmacıları, yeni modeller aramaya doğru yöneltmiştir. Ross tarafından 1970’lerde geliştirilen ve yine ilk kez 1976 yılında Stephen A. Ross tarafından formüle edilip yayınlanan Arbitraj Fiyatlama Teorisi (AFT), alternatif modeller içinde en çok tartışılanıdır. Ross’un formülasyonu FVFM’ne göre daha az sınırlayıcı özellik taşımaktadır. Hem tek dönemli (single-period) hem de çok dönemli (multi-period) örneklemelere uygulanabilir. - riskonomi.com  

Explanation:


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Note added at 8 hrs (2020-07-17 09:33:38 GMT)
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ARBİTRAJ: Arbitraj herhangi artan risk ve sıfır ilave yatırımlarla olmadan verimsiz piyasada aşırı değerli veya değerinin menkul olumlu beklenen getiri alma uygulamasıdır.

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Note added at 8 hrs (2020-07-17 09:38:32 GMT)
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Kısaca, bir finansal varlık fiyatlama modeli olup, finansal varlık fiyatlarini etkileyen faktorlerin varliklari disinda bu faktorlerle ilgili bir varsayimda bulunmaz. ongoruleri, pazar portfoyu ile iliskili olmak zorunda degildir.
Serhan Elmacıoğlu
Native speaker of: Native in TurkishTurkish
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