May 2012
Beginner
558 pages
15h 47m
English
book
Quantitative Risk Management: A Practical Guide to Financial Risk, + Website
by Thomas S. Coleman, Bob Litterman
Content preview from Quantitative Risk Management: A Practical Guide to Financial Risk, + Website
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8.7 Conclusion
This chapter has covered the mathematics behind the standard risk measurement tools, focusing on volatility and VaR. Chapter 9 turns to using these tools for a particularly simple portfolio, the U.S. Treasury bond and the CAC equity index futures we introduced in Chapter 1.
A full understanding of the details presented in this chapter requires a fair degree of technical sophistication. We should never lose sight of the fact, however, that the ideas are straightforward. Using the tools presented here requires an understanding of the concepts but does not necessarily require command of every technical nuance.
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