弹性

English translation: sensitivity

GLOSSARY ENTRY (DERIVED FROM QUESTION BELOW)
Chinese term or phrase:弹性
English translation:sensitivity
Entered by: Liping Cao

11:14 Mar 17, 2014
Chinese to English translations [PRO]
Bus/Financial - Investment / Securities / 债券
Chinese term or phrase: 弹性
我们认为XXX一年内发生提前赎回概率小,但3年左右概率存在。正股还需上涨70%才能达到强赎回条件,XXX转债对正股价格的弹性约0.7左右,由此若要触及强赎,转债价格将涨至YYY元以上,转债涨幅ZZ%。


这是关于证券公司对于某上市公司发行的可转债的判断。请问这里的“转债对正股价格的弹性”是什么意思?这里的“弹性”是指resilience, flexibility 还是sensitivity? 到底0.7是如何计算得出的,这个数值是好是坏?搜索了百度,没有找到权威的说法。求有相关背景的大侠解答。感谢。
Liping Cao
China
Local time: 22:20
sensitivity
Explanation:
我的理解是:

股价上涨100元,债价上涨70元。

并非我的专业领域,仅供参考!

看看连接中:
Delta: A measure of the convertible bond's price sensitivity to underlying stock price movements. 而且他们的delta范围大概是0.4-0.8,与你的文章很切合。
Selected response from:

Phil Hand
China
Local time: 22:20
Grading comment
3 KudoZ points were awarded for this answer



Summary of answers provided
3premium / adjustment
Ng Hung Ha (X)
3elasticity
Peipei Xiang
3sensitivity
Phil Hand


Discussion entries: 1





  

Answers


1 hr   confidence: Answerer confidence 3/5Answerer confidence 3/5
premium / adjustment


Explanation:
a premium of approximately 70% / 0.7 to the share price? (percentage?)
the adjustment to the share price is approximately 0.7? (value?)

a little idea for your reference. not sure about the whole story.

Ng Hung Ha (X)
Hong Kong
Local time: 22:20
Works in field
Native speaker of: Chinese
Notes to answerer
Asker: Thanks Vanessa, very helpful

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2 hrs   confidence: Answerer confidence 3/5Answerer confidence 3/5
elasticity


Explanation:
经济学中的弹性一般用到elasticity,比如需求的价格弹性就是:Price elasticity of demand。我觉得这里也应该用elasticity比较准确。


    Reference: http://wiki.mbalib.com/wiki/%E4%BB%B7%E6%A0%BC%E5%BC%B9%E6%8...
Peipei Xiang
United States
Local time: 10:20
Native speaker of: Native in ChineseChinese, Native in EnglishEnglish
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20 hrs   confidence: Answerer confidence 3/5Answerer confidence 3/5
sensitivity


Explanation:
我的理解是:

股价上涨100元,债价上涨70元。

并非我的专业领域,仅供参考!

看看连接中:
Delta: A measure of the convertible bond's price sensitivity to underlying stock price movements. 而且他们的delta范围大概是0.4-0.8,与你的文章很切合。


    https://www.invesco.com/static/us/contentdetail?contentId=188766b451c41410VgnVCM100000c2f1bf0aRCRD
Phil Hand
China
Local time: 22:20
Native speaker of: English
PRO pts in category: 3
Notes to answerer
Asker: Thanks Phil. It is very helpful. The link you give and your answer are exactly what I am searching for.

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