DURATION DAX Function (Financial)

Returns the Macauley duration for an assumed par value of $100. Duration is defined as the weighted average of the present value of cash flows, and is used as a measure of a bond price’s response to changes in yield.

Syntax

DURATION ( <Settlement>, <Maturity>, <Coupon>, <Yld>, <Frequency> [, <Basis>] )
Parameter Attributes Description
Settlement

The security’s settlement date. The security settlement date is the date after the issue date when the security is traded to the buyer.

Maturity

The security’s maturity date. The maturity date is the date when the security expires.

Coupon

The security’s annual coupon rate.

Yld

The security’s annual yield.

Frequency

The number of coupon payments per year. For annual payments, frequency = 1; for semiannual, frequency = 2; for quarterly, frequency = 4.

Basis Optional

The type of day count basis to use.

Return values

Scalar A single decimal value.

Last update: Oct 3, 2024   » Contribute   » Show contributors

Contributors: Alberto Ferrari, Marco Russo

Microsoft documentation: https://docs.microsoft.com/en-us/dax/duration-function-dax

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Context Transition

This function performs a Context Transition if called in a Row Context. Click to read more.

Row Context

This expression is executed in a Row Context. Click to read more.

Iterator

Not recommended

The use of this function is not recommended. See Remarks and Related functions for alternatives.

Not recommended

The use of this parameter is not recommended.

Deprecated

This function is deprecated. Jump to the Alternatives section to see the function to use.

Volatile

A volatile function may return a different result every time you call it, even if you provide the same arguments. Click to read more.

Deprecated

This parameter is deprecated and its use is not recommended.

DirectQuery compatibility

Limitations are placed on DAX expressions allowed in measures and calculated columns.
The state below shows the DirectQuery compatibility of the DAX function.

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