Chart how the volatility of individual securities affects the volatility of the portfolio Explain how correlation impacts portfolio risk Calculate the volatility of a two-security portfolio Learn More>>
Define Monte Carlo simulation, and describe how it works Chart how a Monte Carlo path is generated for an individual security and for an option Explain what a Monte Carlo path represents Learn More>>
Define VAR and explain how it used to quantify risk Calculate VAR Understand the factors that affect VAR Calculate VAR for options and understand the considerations that must be made in doing so Learn More>>
Mark a portfolio to market Calculate returns of individual securities and of a portfolio of securities Calculate average returns and understand how they are used Annualize returns Learn More>>
Explain how operational risk differs from market risk and credit risk Identify categories and examples of operational risk Use an appropriate methodology for assessing and managing operational risk Explain reporting requirements and other Basel II Accord regulatio Learn More>>
Create and read a histogram Build a simple simulation to chart uncertain variables Understand why and how a normal distribution can be applied in real life Learn More>>
Describe the role of indicators in operational risk Explain how to use loss distributions to conduct a historic analysis Discuss the importance of extreme losses in operational risk Explain how to conduct an effective control self-assessment Consider... Learn More>>
Use basic statistics to measure the risk of a portfolio Calculate the portfolio's volatility Understand the relationship between risk and return Calculate the portfolio's risk-adjusted performance Learn More>>
Understand the characteristics of a normal distribution and the parameters needed to define one Compute lower tail probabilities using standard normal distributions and the cumulative normal distribution Use standard normal tables Explain the relationship among... Learn More>>
Explain how paths, or scenarios, are generated in a Monte Carlo simulation Construct a cumulative probability plot of the results Calculate VAR using a Monte Carlo simulation Understand the impact of correlation on a Monte Carlo simulation of a portfolio Learn More>>
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