{"iri":"https://spec.edmcouncil.org/fibo/ontology/MD/DebtTemporal/DebtAnalytics/ModifiedDurationAnalytic","label":"modified duration analytic","definition":"The percentage price change of a security for a given change in yield. The higher the modified duration of a security, the higher its risk. Ad/ModDuration = [duration / {1 + (IRR/M)}]; where IRR is the internal rate of return and M is the number of compounding periods per year.","license":"https://spdx.org/licenses/MIT","source":"fibo","source_url":"https://spec.edmcouncil.org/fibo/"}