What is securitization? In finance, it seems like nearly anything can be traded for profits. Securitization is the process of taking groups of assets,
There will always be something in any quarter or a comment that you can point as to why the stock fell. However, it seemed in tune with a larger macro play because they all reacted the same way. This is a question of whether the dog wagged the tail or the tag wagged the dog. Even...
Drew, Michael E.Griffith UnivCambridge University PressJournal of Pension Economics & FinanceBasu, A and Drew, ME (2014) `The value of tail risk hedging in defined contribution plans: what does history tell us', Journal of Pension Economics and Finance....
Wilbert is an avid researcher and is deeply passionate about finance and health. When he's not working, he writes research and review articles by doing a thorough analysis on the products based on personal experience, user reviews and feedbacks from forums, quora, reddit, trustpilot amongst othe...
aThe bank defines its Value-at-Risk as the loss that occurs at the 5th percentile of the uncertain revenue (5% left tail of the distribution). What is the bank’s Value-at-Risk and what is the bank’s expected profit? 银行定义了它的价值在风险作为发生在发行的不定的收支5%左尾巴 (第5百...
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needhard work,support,financeandopportunities. Gladwelladds,“Noone—notrockstars,notprofessionalathletes,notsoftwarebillionaires,andnoteven geniuses—evermakesitalone.” 20 Evenafteryou?veputin your10,000 hoursofpractice,youstillneedoneotherkeyingredient—luck.So,youcouldbethemostamazingguitarist intheworld,...
Since being in the middle of market turmoil is a lot different than thinking about a future crash, it’s worth reflecting on your investment plan. As Mike Tyson famously said, “Everyone has a plan until they get punched in the mouth.” Now that you know how it feels to get punched ...
aClearly what we experienced in the weeks following the Lehman default is exactly the type of market seizure that tail risk conjecture was supposed to capture, and did not. 清楚地什麼我們在跟隨缺省確切地是市場奪取的種類尾巴風險臆想應該奪取的Lehman的星期體驗了,和沒有。[translate]...
Another finding is that risk premia in PIIGS markets are basically higher as in core markets, which reflect the higher risk involved in investing in PIIGS markets. Originality/value – The paper offers a unique perspective on equity tail risk in aggregate equity markets and helps both investors ...