APT

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APT (1)


APT (2)

Arbitrage Pricing Theory

A pricing model that seeks to calculate the appropriate price of an asset while taking into account systemic risks common across a class of assets. The APT describes a relationship between a single asset and a portfolio that considers many different macroeconomic variables. Any security with a price different from the one predicted by the model is considered mispriced and is an arbitrage opportunity. An investor may use the arbitrage pricing theory to find undervalued securities and assets and take advantage of them. The APT is considered an alternative to the capital asset pricing model.
References in periodicals archive ?
For a similar take on the greed of printers penned by a Puritan author, see George Wither's The Schollers Purgatory (London, 1624), in which he excoriates the "meere Stationer" who "exercizoth his Mystery without any respect either to the glory of God, or the pub-like aduantage," making him "the aptest Instrument to sowe schismes, heresies, scandalls, and seditions through the world" (sig.
Neville, for instance, seeks "not to be to precise in folowynge the author worde for worde: but somtymes by addition, somtymes by subtraction, to use the aptest phrases in giving the sense." (18) In Troas Heywood lengthens speeches and inserts a ghost; in Thyestes he puts in a closing soliloquy for the title character.
Is it to sit among mattresses of the dead, Bottles, pots, shoes and grass and murmur aptest eve: Is it to hear the blatter of grackles and say Invisible priest; is it to eject, to pull The day to pieces and cry stanza my stone?
Although much of the cultural energy of Victorian Britain was spent in constructing the image of a largely rural, benevolent, patriarchal social order of which the ritual of hunting was the aptest metaphor, it was also sensitive to the fact that hunting was also the site of a bitter and protracted battle for authority.
In On Longing (1993), a study of different cultural forms in architecture, literature, and the arts, Susan Stewart considers the miniature as metaphor for interiority, of which the dollhouse is a characteristic example: Occupying a space within an enclosed space, the dollhouse's aptest analogy is the locket or the secret recesses of the heart: center within center, within within within.
It comes from the natural tendency of every form of collectivism, without exception, to abuse power." (17) In our age, phenomenological vocabulary and methodologies are the aptest language available to us.
I was greatly delighted with him, and made it my business to teach him everything that was proper to make him useful, handy, and helpful; but especially to make him speak, and understand me when I spoke; and he was the aptest scholar there ever was.
In "The Sublime of the Closet; Or, Joseph Conrad's Secret Sharing," Cesare Casarino explains that the ship "became among the aptest stages for the dramatization of paradigm shifts in conceptions of sexuality" (201).