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1 expected rate of return
Finthe projected percentage return on an investment, based on the weighted probability of all possible rates of return.Abbr. ERREXAMPLEIt is calculated by the following formula:E[r]= ΣsP(s)rswhere E[r] is the expected return, P(s) is the probability that the rate rs occurs, and rs is the return at s level.The following example illustrates the principle which the formula expresses.The current price of ABC Inc. stock is trading at $10. At the end of the year, ABC shares are projected to be traded:25% higher if economic growth exceeds expectations—a probability of 30%;12% higher if economic growth equals expectations—a probability of 50%;5% lower if economic growth falls short of expectations—a probability of 20%.To find the expected rate of return, simply multiply the percentages by their respective probabilities and add the results:(30% × 25%) + (50% × 12%) + (25% × –5%) = 7.5 + 6 + –1.25 = 12.25% ERRA second example:if economic growth remains robust (a 20% probability), investments will return 25%;if economic growth ebbs, but still performs adequately (a 40% probability), investments will return 15%;if economic growth slows significantly (a 30% probability), investments will return 5%;if the economy declines outright (a 10% probability), investments will return 0%.Therefore:(20% × 25%) + (40% × 15%) + (30% × 5%) + (10% × 0%) = 5% + 6% + 1.5% + 0% = 12.5% ERR. -
2 risk-adjusted return on capital
Finreturn on capital calculated in a way that takes into account the risks associated with income.EXAMPLEBeing able to compare a high-risk, potentially high-return investment with a low-risk, lower-return investment helps answer a key question that confronts every investor: is it worth the risk?There are several ways to calculate riskadjusted return. Each has its strengths and shortcomings. All require particular data, such as an investment’s rate of return, the risk-free return rate for a given period, and a market’s performance and its standard deviation.The choice of calculation depends on an investor’s focus: whether it is on upside gains or downside losses.Perhaps the most widely used is the Sharpe ratio. This measures the potential impact of return volatility on expected return and the amount of return earned per unit of risk. The higher a fund’s Sharpe ratio, the better its historical risk-adjusted performance, and the higher the number the greater the return per unit of risk. The formula is:(Portfolio return – Risk-free return)/Std deviation of portfolio return = Sharpe ratioTake, for example, two investments, one returning 54%, the other 26%. At first glance, the higher figure clearly looks like the better choice, but because of its high volatility it has a Sharpe ratio of 0.279, while the investment with a lower return has a ratio of 0.910. On a risk-adjusted basis the latter would be the wiser choice.The Treynor ratio also measures the excess of return per unit of risk. Its formula is:(Portfolio return – Risk-free return)/ Portfolio’s beta = Treynor ratioIn this formula (and others that follow), beta is a separately calculated figure that describes the tendency of an investment to respond to marketplace swings. The higher beta the greater the volatility, and vice versa.A third formula, Jensen’s measure, is often used to rate a money manager’s performance against a market index, and whether or not a investment’s risk was worth its reward. The formula is:(Portfolio return – Risk-free return) – Portfolio beta × (Benchmark return – Riskfree return) = Jensen’s measureThe ultimate business dictionary > risk-adjusted return on capital
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3 rate of return
Finan accounting ratio of the income from an investment to the amount of the investment, used to measure financial performance.EXAMPLEThere is a basic formula that will serve most needs, at least initially:[(Current value of amount invested – Original value of amount invested) / Original value of amount invested] × 100% = rate of returnIf $1,000 in capital is invested in stock, and one year later the investment yields $1,100, the rate of return of the investment is calculated like this:[(1100 – 1000) / 1000] × 100% = 100 / 1000 × 100% = 10% rate of returnNow, assume $1,000 is invested again. One year later, the investment grows to $2,000 in value, but after another year the value of the investment falls to $1,200. The rate of return after the first year is:[(2000 – 1000) / 1000] × 100% = 100%The rate of return after the second year is:[(1200 – 2000) / 2000] × 100% = – 40%The average annual return for the two years (also known as average annual arithmetic return) can be calculated using this formula:(Rate of return for Year 1 + Rate of return for Year 2) /2 = average annual returnAccordingly:(100% + – 40%) /2 = 30%The average annual rate of return is a percentage, but one that is accurate over only a short period, so this method should be used accordingly.The geometric or compound rate of return is a better yardstick for measuring investments over the long term, and takes into account the effects of compounding. This formula is more complex and technical.The real rate of return is the annual return realized on an investment, adjusted for changes in the price due to inflation. If 10% is earned on an investment but inflation is 2%, then the real rate of return is actually 8%. -
4 retour sur investissements
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5 доход на инвестиции
New russian-english economic dictionary > доход на инвестиции
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6 рентабельность инвестиций
Banks. Exchanges. Accounting. (Russian-English) > рентабельность инвестиций
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7 возврат инвестиций
Русско-английский глоссарий по космической технике > возврат инвестиций
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8 retour
retour [ʀ(ə)tuʀ]1. masculine nouna. ( = fait d'être revenu) return ; ( = billet) return ticket• à votre retour, écrivez-nous write to us when you get back• à son retour d'Afrique/du service militaire when he got back from Africa/from military service• retour à la nature/la terre return to nature/the land• retour aux sources (aux origines) return to basics ; (à la nature) return to the basic life ; (à son village natal) return to one's rootsc. ( = réapparition) return• le retour du printemps/de la paix the return of spring/of peaced. [d'emballage, objets invendus] return• retour à l'envoyeur or à l'expéditeur return to sendere. ( = partie de bureau) (desk) extensioni. (locutions) par un juste retour des choses, il a été cette fois récompensé things went his way this time and he got his just reward• par un juste retour des choses, il a été puni he was punished, which served him right• choc or effet en retour backlash2. compounds► retour en arrière (Cinema, literature) flashback ; ( = souvenir) look back ; ( = mesure rétrograde) retreat• on assiste à un retour en force de leur parti sur la scène politique their party is making a big comeback ► retour de manivelle* * *ʀ(ə)tuʀnom masculin1) ( trajet) return(billet de) retour — return ticket GB, round trip (ticket) US
2) ( au point de départ) returnà mon retour à Paris/de Paris — on my return to Paris/from Paris
à son retour, elle m'a téléphoné — when she got back, she phoned me
3) ( à un stade antérieur) return‘retour à la case départ’ — ‘back to square one’
il connaît maintenant le succès et c'est un juste retour des choses — he's successful now, and deservedly so
4) ( réapparition) returnfaire un retour en force — [chanteur] to make a big comeback; [idéologie] to be back with a vengeance; [cycliste, coureur] to make a strong comeback
5) ( échange)elle s'engage, en retour, à payer la facture — she undertakes for her part to pay the bill
aimer sans retour — liter to suffer from unrequited love
‘sans retour ni consigne’ — ‘no deposit or return’
7) ( renvoi)par retour du courrier — by return of post GB, by the next mail US
•Phrasal Verbs:••être sur le retour — (colloq) to be over the hill (colloq)
* * *ʀ(ə)tuʀ1. nm1) (= fait d'être revenu) returnau retour; au retour, ils devront... — when they get back, they will have to...
Je serai de retour la semaine prochaine. — I'll be back next week.
de retour à... — back at...
2) (= trajet) trip back, return journeyLe retour a été rapide. — The trip back was quick., The return journey was quick.
au retour (= en route) — on the way back
3)retour en arrière CINÉMA — flashback, (= mesure) backward step
5) POSTE6) COMMERCE (invendus) return7) TENNIS, [service] return2. adj1) SPORT2) INFORMATIQUE* * *retour nm1 ( trajet) return; (billet de) retour return ticket GB, round trip (ticket) US; ils me payent l'aller, non le retour they're paying for my outward journey but not for the return; au retour nous nous sommes arrêtés pour déjeuner we stopped for lunch on the way back; la pluie s'est mise à tomber pendant notre retour it started raining as we were on our way back; être sur le chemin du retour to be on one's way back; notre retour s'est bien passé we got back safely; il faut penser au retour ( à rentrer) we must think about getting back; ( au voyage pour rentrer) we must think about the return journey; il vient juste d'arriver mais il pense déjà à son retour he's only just arrived but he's already thinking about going back; il prépare son retour dans son pays he's getting ready to return ou to go back to his own country; il y a des embouteillages à cause des retours de vacances there are traffic jams because of people coming back from their holidays GB ou vacations US;2 ( au point de départ) return; retour sur terre return to earth; à mon retour à Paris/dans la région on ou upon my return to Paris/to the area; à son retour du front/de l'étranger on his return from the front/from abroad; être de retour to be back; je serai de retour avant minuit I'll be back by midnight; de retour à Paris, elle a ouvert un magasin back in Paris, she opened a shop GB ou store US; de retour à la maison back home; à son retour, elle m'a téléphoné when she got back, she phoned me; il attend le retour de sa femme pour prendre une décision he's waiting for his wife to return ou to come back before making a decision; un retour triomphal a triumphant return; fêter le retour de qn to celebrate sb's return; partir sans espoir de retour to leave for good;3 ( à un stade antérieur) return; retour à la normale return to normal; on attend le retour au calme people are waiting for things to calm down; retour à la vie civile return to civilian life; retour à la terre going back to the land; retour à la nature return to nature; ‘retour à la case départ’ ‘back to square one’; retour aux sources ( aux principes) return to basics; ( à la nature) return to the simple life; ( vers ses racines) return to one's roots; il connaît maintenant le succès et c'est un juste retour des choses he's successful now, and deservedly so; donner qch en retour to give sth in return;4 ( réapparition) return; le retour du beau temps/de l'hiver the return of the fine weather/of winter; le retour des hirondelles the swallows' return; le retour de la mode des années 60 the return of 60s fashions; le retour d'un chanteur après 15 ans de silence a singer's comeback after 15 years of silence; faire un retour en force [chanteur, artiste] to make a big comeback; [idéologie] to be back with a vengeance; [cycliste, coureur] to make a strong comeback;5 ( échange) elle s'engage, en retour, à payer la facture she undertakes for her part to pay the bill; aimer sans retour liter to suffer from unrequited love littér;6 Comm ( objets invendus) return; (de récipient, bouteille) return; (clause de) retour sans frais no protest clause; ‘sans retour ni consigne’ ‘no deposit or return’;7 ( renvoi) retour à l'expéditeur or à l'envoyeur return to sender; par retour du courrier by return of post GB, by the next mail US;8 ( au tennis) return; retour de service return of service;9 Tech return; retour automatique du chariot automatic carriage return.retour d'âge change of life; retour en arrière Cin, Littérat flashback; ce serait un retour en arrière ( pas souhaitable) it would be a step backward(s); un retour en arrière s'impose ( souhaitable) we must go back to the previous state of affairs; retour de balancier or de bâton○ backlash; en retour d'équerre at a right angle; retour de flamme Tech flashback; Aut, fig backfiring; retour de manivelle○ = retour de balancier; retour de marée undertow; retour à la masse or à la terre earth GB ou ground US return; retour offensif renewed attack; ‘retour rapide’ fast rewind; retour sur soi-même soul-searching; faire un retour sur soi-même to do some soul-searching.être sur le retour○ to be over the hill○.[rətur] nom masculin1. [chez soi, au point de départ] returnà ton retour when you return home ou get backaprès dix années d'exil, c'est le retour au pays after a ten-year exile he's coming homeretour à un stade antérieur reverting ou returning to an earlier stagesur le chemin ou la route du retour on the way backa. (sens propre) to be about to return, to be on the point of returning3. [mouvement inverse]retour rapide [cassette] rewindb. (figuré) back to square one ou to the drawing boardpar un juste retour des choses il a été licencié he was sacked, which seemed fair enough under the circumstances4. [réexpédition] returnretour à l'envoyeur ou à l'expéditeur return to senderretour de service return of serve, service return8. INFORMATIQUE10. FINANCE12. [meuble]————————[rətur] adjectif invariable————————retours nom masculin pluriel————————de retour locution adverbialede retour chez lui, il réfléchit (once he was) back home, he thought it over————————de retour de locution prépositionnellede retour de Rio, je tentai de la voir on my return from Rio, I tried to see her————————en retour locution adverbiale————————sans retour locution adverbialeretour d'âge nom masculinretour de manivelle nom masculin2. [choc en retour] backlash[conséquence néfaste] backlash, repercussionretour en arrière nom masculin2. [régression] step backwards (figuré) -
9 прибыль от капиталовложений
1) Economy: investment profit, profit from investments, profit on investments2) Mass media: return on investments3) EBRD: return on investmentУниверсальный русско-английский словарь > прибыль от капиталовложений
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10 прибыль на инвестированный капитал
1) Economy: profit on capital invested, return on capital employed, return on capital on investment, return on investments2) Accounting: ROIC (return on invested capital), return on invested capital (сокр. ROIC)3) Banking: ROI (return on investment), return on invested capital4) Business: ROIC ( return on invested capital), return on investment (ROI)Универсальный русско-английский словарь > прибыль на инвестированный капитал
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11 возврат инвестиций
Русско-английский словарь нормативно-технической терминологии > возврат инвестиций
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12 rentabilité
rentabilité [ʀɑ̃tabilite]feminine noun* * *ʀɑ̃tabilite1) ( caractère rentable) profitability2) ( profit) return* * *ʀɑ̃tabilite nf[établissement, activité] profitability, [équipements] cost-effectiveness, [investissement] return* * *rentabilité nf1 ( caractère rentable) profitability;2 ( profit) return; rentabilité de 4% return of 4%; avoir une forte rentabilité to yield a high return.rentabilité économique Fin return on capital employed; rentabilité financière Fin ratio of sales to fixed assets.[rɑ̃tabilite] nom féminin -
13 окупаемость вложений
Finances: return on investmentsУниверсальный русско-английский словарь > окупаемость вложений
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14 ставка дохода на инвестиции
Универсальный русско-английский словарь > ставка дохода на инвестиции
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15 avkastning på investeringer
subst. (økonomi) return on investments -
16 ставка прибутку на інвестиції
yield; rate of return on investmentsУкраїнсько-англійський словник > ставка прибутку на інвестиції
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17 rentabilisation
rentabilisation [ʀɑ̃tabilizasjɔ̃]feminine noun[de produit, entreprise] making profitable* * *ʀɑ̃tabilizasjɔ̃la rentabilisation de l'entreprise est notre premier objectif — our primary aim is to make the company profitable
* * *rentabilisation nf la rentabilisation de l'entreprise est notre premier objectif our primary aim is to make the company profitable.[rɑ̃tabilizasjɔ̃] nom fémininla rentabilisation de l'affaire prendra peu de temps it will not be long before the business becomes profitable ou starts to make a profit -
18 ставка дохода по инвестициям
New russian-english economic dictionary > ставка дохода по инвестициям
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19 доход от капиталовложений
investment income (earnings), income from investment of capital, return on investmentsBanks. Exchanges. Accounting. (Russian-English) > доход от капиталовложений
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20 коэффициент окупаемости капиталовложений
Banks. Exchanges. Accounting. (Russian-English) > коэффициент окупаемости капиталовложений
См. также в других словарях:
return on investments — (Economics) financial ratio that expresses the total yearly profit in relation to the invested capital (of an individual investment or total investments in a firm) … English contemporary dictionary
Return on marketing investment — Marketing Key concepts Product marketing · Pricing … Wikipedia
return — 1. verb 1) he returned to Halifax Syn: go back, come back, come home Ant: depart 2) the symptoms returned Syn: recur, reoccur, occur again, repeat (itself); … Thesaurus of popular words
return — 1. verb 1) he returned to London Syn: go back, come back, arrive back, come home 2) the symptoms returned Syn: recur, reoccur, repeat (itself), reappear 3) he returned the money … Synonyms and antonyms dictionary
Return on equity — (ROE) measures the rate of return on the ownership interest (shareholders equity) of the common stock owners. It measures a firm s efficiency at generating profits from every unit of shareholders equity (also known as net assets or assets minus… … Wikipedia
return — [ri tʉrn′] vi. [ME retournen < OFr retourner: see RE & TURN] 1. to go or come back, as to a former place, condition, practice, opinion, etc. 2. to go back in thought or speech [to return to the subject] 3. to revert to a former owner 4. to ans … English World dictionary
Return of capital — (ROC) refers to payments back to capital owners (shareholders, partners, unitholders) that exceed the growth (net income/taxable income) of a business. It should not be confused with return on capital which measures a rate of return . The ROC… … Wikipedia
Return on Average Capital Employed - ROACE — A financial ratio that shows profitability compared to investments made in new capital. Return on average capital employed is calculated as: EBIT Average Total Assets Average Current Liabilities Total Assets Current Liabilities = Capital Employed … Investment dictionary
return — To bring, carry, or send back; to place in the custody of; to restore; to re deliver. Return means that something which has had a prior existence will be brought or sent back. Sims v. Western Steel Co., C.A. Utah, 551 F.2d 811, 820. The act of a… … Black's law dictionary
return on capital — The return earned by an investor from a specific investment or group of investments measured in terms of a percentage return on the amount of capital invested. See return on equity. American Banker Glossary * * * return on capital reˌturn on… … Financial and business terms
Return on assets — The Return on Assets (ROA) percentage shows how profitable a company s assets are in generating revenue. ROA can be computed as::mathrm{ROA} = frac{mbox{Net Income{mbox{Total AssetsThis number tells you what the company can do with what it s got … Wikipedia