You are the risk manager for a currency trading desk.The desk had a VaR exceedance today. What
Question:
You are the risk manager for a currency trading desk.The desk had a VaR exceedance today. What is the most likely day for the next VaR exceedance?
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 100% (QA)
The most likely day for the next exceedance is tomorrow This is somethi...View the full answer
Answered By
Akshay Agarwal
I am a Post-Graduate with a specialization in Finance. I have been working in the Consulting industry for the past 8 years with a focus on the Corporate and Investment Banking domain. Additionally, I have been involved in supporting student across the globe in their academic assignments and always strive to provide high quality support in a timely manner. My notable achievements in the academic field includes serving more than 10,000 clients across geographies on various courses including Accountancy, Finance, Management among other subjects. I always strive to serve my clients in the best possible way ensuring high quality and well explained solutions, which ensures high grades for the students along-with ensuring complete understanding of the subject matter for them. Further, I also believe in making myself available to the students for any follow-ups and ensures complete support and cooperation throughout the project cycle. My passion in the academic field coupled with my educational qualification and industry experience has proved to be instrumental in my success and has helped me stand out of the rest. Looking forward to have a fruitful experience and a cordial working relationship.
5.00+
179+ Reviews
294+ Question Solved
Related Book For
Quantitative Financial Risk Management
ISBN: 9781119522201,9781119522263
1st Edition
Authors: Michael B. Miller
Question Posted:
Students also viewed these Business questions
-
Managing Scope Changes Case Study Scope changes on a project can occur regardless of how well the project is planned or executed. Scope changes can be the result of something that was omitted during...
-
The Crazy Eddie fraud may appear smaller and gentler than the massive billion-dollar frauds exposed in recent times, such as Bernie Madoffs Ponzi scheme, frauds in the subprime mortgage market, the...
-
Planning is one of the most important management functions in any business. A front office managers first step in planning should involve determine the departments goals. Planning also includes...
-
Reisen Travel offers helicopter service from suburban towns to John F. Kennedy International Airport in New York City. Each of its 10 helicopters makes between 1,000 and 2,000 round-trips per year....
-
Consider the following data: Requirements 1. Calculate the quick assets and the quick ratio for each company. 2. Calculate the current ratio for each company. 3. Which of the companies should be...
-
Harold Haas owns 100 shares of Spartan Corp. common stock with an adjusted basis of $10,000. On July 28, 2019, he sold all 100 shares for $9,000. On August 18, 2019, he purchased 80 shares of Spartan...
-
SWIGART v. BRUNO CALIFORNIA COURT OF APPEALS 13 CAL. APP. 5TH 529 2017 According to the American Endurance Ride Conference, endurance riding is a highly competitive and demanding sport. It is...
-
The Verbrugge's Publishing Company's 2004 balance sheet and income statement are as follows (in millions of dollars). Verbrugge's and its creditors have agreed upon a voluntary reorganization plan....
-
There are two primary reasons that guide my approach to back up files externally. First, there's the aspect of cost savings. Investing in a hard drive with sufficient storage capacity constitutes a...
-
Reba Dixon is a fifth-grade school teacher who earned a salary of $38,000 in 2019. She is 45 years old and has been divorced for four years. She receives $1,200 of alimony payments each month from...
-
You are the risk manager for a portfolio with a mean daily return of 0.40% and a daily standard deviation of 2.3%. Assume the returns are normally distributed (not a good assumption to make, in...
-
You are asked to calculate the one-day 95% VaR for a portfolio using the historical method, with a window of 256 days. The table below contains the 20 worst backcast returns for the portfolio along...
-
A companys employee compensation expense for August, consisting of the gross pay plus 4% vacation pay based on gross pay, was $23 400. How much was the amount of vacation pay expense?
-
What are the roles and responsibilities of an effective and active Board of Directors?
-
How should a board of directors be involved in the executive leadership of an organization?
-
What would be effective ways to recruit qualified professionals to work for Tommy?
-
Training programs are frequently the first items eliminated when management wants to cut costs. Why do you believe this occurs?
-
What are the advantages and disadvantages of (a) individual incentives, (b) group incentives, and (c) organization-wide incentives?
-
When the temperature of a metal cylinder is raised from 0.0oC to 100oC, its length increases by 0.23% (a) Find the percent change in density. (b) What is the metal? Use Table I8-2.
-
What are current assets and current liabilities? How are they different from non-current assets and non-current liabilities?
-
Whindy Corporation, an S corporation, reports a recognized built-in gain of $80,000 and a recognized built-in loss of $10,000 this year. Whindy holds an $8,000 unexpired NOL carryforward from a C...
-
Flint, an S corporation with substantial AEP, reports operating revenues of $410,000, taxable interest income of $390,000, operating expenses of $260,000, and deductions attributable to the interest...
-
Bonnie and Clyde each own one-third of a fast-food restaurant, and their 13-year-old daughter owns all of the other shares. Both parents work full-time in the restaurant, but the daughter works...
-
BHP is currently trading at $43/share and has announced a $0.95 dividend in 2months' time. European call options for BHP expiring in 5 months a with strike price of $45 were trading at $3. The...
-
Use the following information to answer the question(s) below. Suppose that all stocks can be grouped into two mutually exclusive portfolios (with each stock appearing in only one portfolio): growth...
-
Bing Enterprises, Inc., has been considering the purchase of a new manufacturing facility for $275,000. The facility is to be fully depreciated on a straight-line basis over seven years. It is...
Study smarter with the SolutionInn App