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Author: Walter V. "Bud" Haslett, Jr.
Publisher: John Wiley & Sons
ISBN: 0470934115
Category : Business & Economics
Languages : en
Pages : 790
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Book Description
Key readings in risk management from CFA Institute, the preeminent organization representing financial analysts Risk management may have been the single most important topic in finance over the past two decades. To appreciate its complexity, one must understand the art as well as the science behind it. Risk Management: Foundations for a Changing Financial World provides investment professionals with a solid framework for understanding the theory, philosophy, and development of the practice of risk management by Outlining the evolution of risk management and how the discipline has adapted to address the future of managing risk Covering the full range of risk management issues, including firm, portfolio, and credit risk management Examining the various aspects of measuring risk and the practical aspects of managing risk Including key writings from leading risk management practitioners and academics, such as Andrew Lo, Robert Merton, John Bogle, and Richard Bookstaber For financial analysts, money managers, and others in the finance industry, this book offers an in-depth understanding of the critical topics and issues in risk management that are most important to today’s investment professionals.
Author: Walter V. "Bud" Haslett, Jr.
Publisher: John Wiley & Sons
ISBN: 0470934115
Category : Business & Economics
Languages : en
Pages : 790
Get Book Here
Book Description
Key readings in risk management from CFA Institute, the preeminent organization representing financial analysts Risk management may have been the single most important topic in finance over the past two decades. To appreciate its complexity, one must understand the art as well as the science behind it. Risk Management: Foundations for a Changing Financial World provides investment professionals with a solid framework for understanding the theory, philosophy, and development of the practice of risk management by Outlining the evolution of risk management and how the discipline has adapted to address the future of managing risk Covering the full range of risk management issues, including firm, portfolio, and credit risk management Examining the various aspects of measuring risk and the practical aspects of managing risk Including key writings from leading risk management practitioners and academics, such as Andrew Lo, Robert Merton, John Bogle, and Richard Bookstaber For financial analysts, money managers, and others in the finance industry, this book offers an in-depth understanding of the critical topics and issues in risk management that are most important to today’s investment professionals.
Author: Maria Debora Braga
Publisher: Springer
ISBN: 3319243829
Category : Business & Economics
Languages : en
Pages : 103
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Book Description
This book focuses on the concepts and applications of risk-based asset allocation. Markowitz’s traditional approach to asset allocation suffers from serious drawbacks when implemented. These mainly arise from the estimation risk associated with the necessary input the most critical being expected returns. With the financial crisis, there has been an increasing interest in asset allocation approaches that don’t need expected returns as input, known as risk-based approaches. The book provides an analysis of the different solutions that fit this description: the equal-weighting approach, the global minimum-variance approach, the most diversified portfolio approach and the risk parity approach. In addition to a theoretical discussion of these, it presents practical applications in different investment environments. Three different evaluation dimensions are considered to put these approaches to the test: financial efficiency, diversification and portfolio stability.
Author: Craig DeLancey
Publisher: 496 \ Perfect Number Press
ISBN:
Category : Fiction
Languages : en
Pages : 984
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Book Description
Seven epic novels in one giant collection The Philadelphia Free Press writes that these books are "impossible to put down and filled with exciting action in an alien-filled galaxy that humans have just joined." Amir Tarkos is one of the only humans in the Predator Corp, the most feared and respected military force in the Galaxy. With his partner Bria, a bear-like carnivore, Tarkos is on a dangerous and difficult mission to locate the last surviving Ulltrians, a race that once extinguished much of the life in the Galaxy. Only with the help of a young human girl imprisoned among their enemies can Tarkos and Bria prevent the victory of the Ulltrians. But first they must brave the frozen ocean of a sunless world, assemble a robot army, find their way through a thinking labyrinth, and finally face the Ulltrians in hand-to-hand combat. The Predator Space Chronicles Omnibus collects together seven epic novels into one volume: 1. Well of Furies 2. World Hammer 3. Ice Sky Storm 4. Earthrise 5. Earthfall 6. Question Zero 7. One Human SEVEN NOVELS 323,000 words LEARN MORE: Looking for an introduction to Tarkos, Bria, and Predator Space? Listen to EscapePod Episode 333! It's available for free at: http://escapepod.org/2012/02/23/ep333-asteroid-monte/ ABOUT THE AUTHOR: Craig DeLancey is a writer and philosopher. His novels include the Predator Space Chronicles and Gods of Earth. He has published dozens of short stories, in places like Analog, Nature Physics, Cosmos, Zahir, Aboriginal, and the Mississippi Review Online. His story "Julie Is Three" won the Analog Anlab readers choice award for short story in 2012 and is under film development by Storycom. His story "RedKing" is in several of the year's best science fiction anthologies. He is also a playwright, and his plays have received staged readings and performances in New York, Los Angeles, Sydney, Melbourne, and elsewhere. You can sign up for Craig's quarterly email list at: http://eepurl.com/c-cTjL Your email address will never be shared and will only be used for quarterly updates and free fiction. www.craigdelancey.com
Author: Paul Darbyshire
Publisher: John Wiley & Sons
ISBN: 1119967376
Category : Business & Economics
Languages : en
Pages : 215
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Book Description
The second book in Darbyshire and Hampton’s Hedge Fund Modelling and Analysis series, Hedge Fund Modelling and Analysis Using MATLAB® takes advantage of the huge library of built-in functions and suite of financial and analytic packages available to MATLAB®. This allows for a more detailed analysis of some of the more computationally intensive and advanced topics, such as hedge fund classification, performance measurement and mean-variance optimisation. Darbyshire and Hampton’s first book in the series, Hedge Fund Modelling and Analysis Using Excel & and VBA, is seen as a valuable supplementary text to this book. Starting with an overview of the hedge fund industry the book then looks at a variety of commercially available hedge fund data sources. After covering key statistical techniques and methods, the book discusses mean-variance optimisation, hedge fund classification and performance with an emphasis on risk-adjusted return metrics. Finally, common hedge fund market risk management techniques, such as traditional Value-at-Risk methods, modified extensions and expected shortfall are covered. The book’s dedicated website, www.darbyshirehampton.com provides free downloads of all the data and MATLAB® source code, as well as other useful resources. Hedge Fund Modelling and Analysis Using MATLAB® serves as a definitive introductory guide to hedge fund modelling and analysis and will provide investors, industry practitioners and students alike with a useful range of tools and techniques for analysing and estimating alpha and beta sources of return, performing manager ranking and market risk management.
Author: Craig DeLancey
Publisher: 496 \ Perfect Number Press
ISBN:
Category : Fiction
Languages : en
Pages : 176
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Book Description
Author: Alexander Komech
Publisher: World Scientific
ISBN: 9811248915
Category : Science
Languages : en
Pages : 272
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Book Description
This book gives a concise introduction to Quantum Mechanics with a systematic, coherent, and in-depth explanation of related mathematical methods from the scattering theory and the theory of Partial Differential Equations.The book is aimed at graduate and advanced undergraduate students in mathematics, physics, and chemistry, as well as at the readers specializing in quantum mechanics, theoretical physics and quantum chemistry, and applications to solid state physics, optics, superconductivity, and quantum and high-frequency electronic devices.The book utilizes elementary mathematical derivations. The presentation assumes only basic knowledge of the origin of Hamiltonian mechanics, Maxwell equations, calculus, Ordinary Differential Equations and basic PDEs. Key topics include the Schrödinger, Pauli, and Dirac equations, the corresponding conservation laws, spin, the hydrogen spectrum, and the Zeeman effect, scattering of light and particles, photoelectric effect, electron diffraction, and relations of quantum postulates with attractors of nonlinear Hamiltonian PDEs. Featuring problem sets and accompanied by extensive contemporary and historical references, this book could be used for the course on Quantum Mechanics and is also suitable for individual study.
Author: Keith Redhead
Publisher: Routledge
ISBN: 113408837X
Category : Business & Economics
Languages : en
Pages : 1294
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Book Description
In this book, the author draws from finance, psychology, economics, and other disciplines in business and the social sciences, recognising that personal finance and investments are subjects of study in their own right rather than merely branches of another discipline. Considerable attention is given to topics which are either ignored or given very little attention in other texts. These include: the psychology of investment decision-making stock market bubbles and crashes property investment the use of derivatives in investment management regulation of investments business. More traditional subject areas are also thoroughly covered, including: investment analysis portfolio management capital market theory market efficiency international investing bond markets institutional investments option pricing macroeconomics the interpretation of company accounts. Packed with over one hundred exercises, examples and exhibits and a helpful glossary of key terms, this book helps readers grasp the relevant principles of money management. It avoids non-essential mathematics and provides a novel new approach to the study of personal finance and investments. This book will be essential for students and researchers engaged with personal finance, investments, behavioural finance, financial derivatives and financial economics. This book also comes with a supporting website that includes two updated chapters, a new article featuring a behavioural model of the dot com, further exercises, a full glossary and a regularly updated blog from the author.
Author: Carol Alexander
Publisher: John Wiley & Sons
ISBN: 0470997990
Category : Business & Economics
Languages : en
Pages : 1691
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Book Description
Market Risk Analysis is the most comprehensive, rigorous and detailed resource available on market risk analysis. Written as a series of four interlinked volumes each title is self-contained, although numerous cross-references to other volumes enable readers to obtain further background knowledge and information about financial applications. Volume I: Quantitative Methods in Finance covers the essential mathematical and financial background for subsequent volumes. Although many readers will already be familiar with this material, few competing texts contain such a complete and pedagogical exposition of all the basic quantitative concepts required for market risk analysis. There are six comprehensive chapters covering all the calculus, linear algebra, probability and statistics, numerical methods and portfolio mathematics that are necessary for market risk analysis. This is an ideal background text for a Masters course in finance. Volume II: Practical Financial Econometrics provides a detailed understanding of financial econometrics, with applications to asset pricing and fund management as well as to market risk analysis. It covers equity factor models, including a detailed analysis of the Barra model and tracking error, principal component analysis, volatility and correlation, GARCH, cointegration, copulas, Markov switching, quantile regression, discrete choice models, non-linear regression, forecasting and model evaluation. Volume III: Pricing, Hedging and Trading Financial Instruments has five very long chapters on the pricing, hedging and trading of bonds and swaps, futures and forwards, options and volatility as well detailed descriptions of mapping portfolios of these financial instruments to their risk factors. There are numerous examples, all coded in interactive Excel spreadsheets, including many pricing formulae for exotic options but excluding the calibration of stochastic volatility models, for which Matlab code is provided. The chapters on options and volatility together constitute 50% of the book, the slightly longer chapter on volatility concentrating on the dynamic properties the two volatility surfaces the implied and the local volatility surfaces that accompany an option pricing model, with particular reference to hedging. Volume IV: Value at Risk Models builds on the three previous volumes to provide by far the most comprehensive and detailed treatment of market VaR models that is currently available in any textbook. The exposition starts at an elementary level but, as in all the other volumes, the pedagogical approach accompanied by numerous interactive Excel spreadsheets allows readers to experience the application of parametric linear, historical simulation and Monte Carlo VaR models to increasingly complex portfolios. Starting with simple positions, after a few chapters we apply value-at-risk models to interest rate sensitive portfolios, large international securities portfolios, commodity futures, path dependent options and much else. This rigorous treatment includes many new results and applications to regulatory and economic capital allocation, measurement of VaR model risk and stress testing.
Author: T.B. Sheridan
Publisher: Elsevier
ISBN: 1483296989
Category : Technology & Engineering
Languages : en
Pages : 373
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Book Description
The series of IFAC Symposia on Analysis, Design and Evaluation of Man-Machine Systems provides the ideal forum for leading researchers and practitioners who work in the field to discuss and evaluate the latest research and developments. This publication contains the papers presented at the 6th IFAC Symposium in the series which was held in Cambridge, Massachusetts, USA.
Author: Euan Sinclair
Publisher: John Wiley & Sons
ISBN: 1118045297
Category : Business & Economics
Languages : en
Pages : 228
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Book Description
In Volatility Trading, Sinclair offers you a quantitative model for measuring volatility in order to gain an edge in your everyday option trading endeavors. With an accessible, straightforward approach. He guides traders through the basics of option pricing, volatility measurement, hedging, money management, and trade evaluation. In addition, Sinclair explains the often-overlooked psychological aspects of trading, revealing both how behavioral psychology can create market conditions traders can take advantage of-and how it can lead them astray. Psychological biases, he asserts, are probably the drivers behind most sources of edge available to a volatility trader. Your goal, Sinclair explains, must be clearly defined and easily expressed-if you cannot explain it in one sentence, you probably aren't completely clear about what it is. The same applies to your statistical edge. If you do not know exactly what your edge is, you shouldn't trade. He shows how, in addition to the numerical evaluation of a potential trade, you should be able to identify and evaluate the reason why implied volatility is priced where it is, that is, why an edge exists. This means it is also necessary to be on top of recent news stories, sector trends, and behavioral psychology. Finally, Sinclair underscores why trades need to be sized correctly, which means that each trade is evaluated according to its projected return and risk in the overall context of your goals. As the author concludes, while we also need to pay attention to seemingly mundane things like having good execution software, a comfortable office, and getting enough sleep, it is knowledge that is the ultimate source of edge. So, all else being equal, the trader with the greater knowledge will be the more successful. This book, and its companion CD-ROM, will provide that knowledge. The CD-ROM includes spreadsheets designed to help you forecast volatility and evaluate trades together with simulation engines.
