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    CQF after the FRM

    Hi, I haven't seen any recent posts discussing pursuing CQF after the FRM, hence this new thread. Has anyone tried the CQF after completing the FRM? What would be your feedback on your experience? For those who haven't tried it, would you consider it or what would be your opinion about doing...
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    Can diversified VaR be higher than Undiversified vaR?

    Hi, If anybody can shed any light on this thought I was having: I can see how Diversified VaR can be equal to the Undiversified VaR if the underlying positions are perfectly correlated (- no diversification benefit). I was then wondering if Diversified VaR could become higher than the...
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    Jorion, Chapter 11: VaR Mapping

    Hello, Regarding Jorion's Chapter 11 on VaR Mapping, I was wondering where the use of the word 'vector' came from? Page 21 of the study notes, at the bottom of the page: Are vectors used to represent the PnL of instruments weighted by their mapped Risk Factor? (such as length of the vector...
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    Intuitive understanding of Beta calculation with cross volatility

    Hello, In the CAPM/MPT chapter, I was trying to get an intuitive understanding of how Beta is computed, without using maths (just like CAPM can be expressed as price of time + price of risk * Quantity of risk). Covariance upon variance can be understood, but I was wondering what an intuitive...
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