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One factor APT |
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One factor APTA special case of the arbitrage pricing theory that is derived from the one-factor model by using diversification and arbitrage. It shows that the expected return on any risky asset is a linear function of a single factor.One factor APT Similar MatchesFactor biasFactor biasSee bias. International factor movementInternational factor movementThe international movement of any factor of production, including primarily labor and capital. Thus includes migration and foreign direct investment. Also may include the movement of financial capital in the form of international borrowing and lending. Present value factorPresent value factorFactor used to calculate an estimate of the present value of an amount to be received in a future period. If the opportunity cost of funds is 10% over next year, the factor is [1/(1 + 0.10)]. Amortization factorAmortization factorThe pool factor implied by the scheduled amortization assuming no prepayments. Specific factorSpecific factorA factor of production that is unable to move into or out of an industry. The term is used to describe both factors that would not be of any use in other industries and -- more loosely -- factors that could be used elsewhere but do not, in the short run, have the time or resources needed to move. See specific factors model. The term seems to come from Haberler (1937). Further SuggestionsSpecific factors modelFactor price equalization Direct-plus-indirect factor content Factor of production Factor price frontier Factor space Tariff factory Single factor model Risk factor Factor Proportions Model Factor-price space Reported factor Factor mobility Abundant factor Factor intensity uniformity Direct factor content Net benefit to leverage factor Multifactor model earnings factor factoring Factor content pattern of trade Factor intensity Conversion factors Common factor Factor accumulation |
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