April 2015
Intermediate to advanced
340 pages
7h 21m
English
Content preview from Mastering Python for FinanceBecome an O’Reilly member and get unlimited access to this title plus top books and audiobooks from O’Reilly and nearly 200 top publishers, thousands of courses curated by job role, 150+ live events each month,
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VaR for risk management
As soon as we open a position in the market, we are exposed to various types of risks, such as volatility risk and credit risk. To preserve our trading capital as much as possible, it is important to incorporate some form of risk management measures to our trading system.
Perhaps the most common measure of risk used in the financial industry is the VaR technique. It is designed to simply answer: what is the worst expected amount of loss, given a specific probability level, say 95 percent, over a certain period of time? The beauty of VaR is that it can be applied to multiple levels, from position-specific micro level to portfolio-based macro level. For example, a VaR of $1 million with a 95 percent confidence level for a ...
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I wanted to learn C and C++, but it didn't click for me until I picked up an O'Reilly book. When I went on the O’Reilly platform, I was astonished to find all the books there, plus live events and sandboxes so you could play around with the technology.Addison B.
I’ve been on the O’Reilly platform for more than eight years. I use a couple of learning platforms, but I'm on O'Reilly more than anybody else. When you're there, you start learning. I'm never disappointed.Amir M.
I'm always learning. So when I got on to O'Reilly, I was like a kid in a candy store. There are playlists. There are answers. There's on-demand training. It's worth its weight in gold, in terms of what it allows me to do.