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File Format | PDF
File Size | 2.90 MB
Pages | 316
Language | English
Category | Stock market
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Description: When dealing
with the topic of risk analysis, most books on investments treat downside and
upside risk equally. Preparing for the Worst takes an entirely novel approach
by focusing on downside risk and explaining how to incorporate it into
investment decisions. Highlighting this asymmetry of the stock market, the
authors describe how existing theories miss the downside and follow with
explanations of how it can be included. Various techniques for calculating
downside risk are demonstrated.
This book
presents the latest ideas in the field from the ground up, making the
discussion accessible to mathematicians and statisticians interested in
applications in finance, as well as to finance professionals who may not have a
mathematical background. An invaluable resource for anyone wishing to explore
the critical issues of finance, portfolio management, and securities pricing,
this book:
Incorporates
Value at Risk into the theoretical discussion
Uses many
examples to illustrate downside risk in U.S., international, and emerging
market investments
Addresses
downside risk arising from fraud and corruption
Includes
step-by-step instructions on how to implement the methods introduced in this
book
Offers advice on
how to avoid pitfalls in calculations and computer programming
Provides
software use information and tips
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Preparing for the Worst: Incorporating Downside Risk in Stock Market Investments
Download | Free
