The (In)Stability Of The Relationship Between Stocks, Bonds And Managed Futures

This study re-examines the traditional belief that futures contracts have very low and, in some cases, negative correlations with stocks and bonds.  Specifically, it looks at the stability of the correlations between five indices of futures market performance and two stock and bond indices over various holding periods.  Results show that large positive correlations occur over short holding periods, but over the long run, the relationship is fairly stable, in particular for certain indices

The Value Line Enigma Extended - An Examination Of the Performance Of Option Recommendations

We extend the research on the Value Line Enigma by examining the performance of call recommendations in Value Line Options. Galai\u27s hedge decomposition procedure identifies the components of the calls\u27 returns. Abnormal call returns were most pronounced immediately following the purchase, which is consistent with studies of Value Line\u27s stock rankings. The largest and most significant abnormal performance was by calls assigned the highest rank written on stocks judged by Value Line to be correctly priced. Abnormal call return performance by joint call and stock ranks was consistent with the hypothesis that Value Line identifies underpriced call options

The Science Performance of JWST as Characterized in Commissioning

This paper characterizes the actual science performance of the James Webb Space Telescope (JWST), as determined from the six month commissioning period. We summarize the performance of the spacecraft, telescope, science instruments, and ground system, with an emphasis on differences from pre-launch expectations. Commissioning has made clear that JWST is fully capable of achieving the discoveries for which it was built. Moreover, almost across the board, the science performance of JWST is better than expected; in most cases, JWST will go deeper faster than expected. The telescope and instrument suite have demonstrated the sensitivity, stability, image quality, and spectral range that are necessary to transform our understanding of the cosmos through observations spanning from near-earth asteroids to the most distant galaxies.Comment: 5th version as accepted to PASP; 31 pages, 18 figures; https://iopscience.iop.org/article/10.1088/1538-3873/acb29

An Introduction to Derivatives and Risk Management

675 hal.;xiv.;25c

Financial Risk Management: An End User Perspective

In the field of financial risk management, the \u27sell side\u27 is the set of financial institutions who offer risk management products to corporations, governments, and institutional investors, who comprise the \u27buy side\u27. The sell side is often at a significant advantage as it employs quantitative experts who provide specialized knowledge. Further, the existing body of knowledge on risk management, while extensive, is highly technical and mathematical and is directed to the sell side.This book levels the playing field by approaching risk management from the buy side instead, focusing on educating corporate and institutional users of risk management products on the essential knowledge they need to be an intelligent buyer. Rather than teach financial engineering, this volume covers the principles that the buy side should know to enable it to ask the right questions and avoid being misled by the complexity often presented by the sell side.Written in a user-friendly manner, this textbook is ideal for graduate and advanced undergraduate classes in finance and risk management, MBA students specializing in finance, and corporate and institutional investors. The text is accompanied by extensive supporting material including exhibits, end-of-chapter questions and problems, solutions, and PowerPoint slides for lecturers.https://repository.lsu.edu/facultybooks/1320/thumbnail.jp

Essays in Derivatives: Risk-Transfer Tools and Topics Made Easy

In the updated second edition of Don Chance\u27s well-received Essays in Derivatives, the author once again keeps derivatives simple enough for the beginner, but offers enough in-depth information to satisfy even the most experienced investor. This book provides up-to-date and detailed coverage of various financial products related to derivatives and contains completely new chapters covering subjects that include why derivatives are used, forward and futures pricing, operational risk, and best practices.https://repository.lsu.edu/facultybooks/1422/thumbnail.jp

An Introduction Options & Futures

Philadelphiaxv, 605 p.: illus.; 25 c

An Introduction to Derivatives and Risk Management

One book gives you a solid understanding of how derivatives are used to manage the risks of financial decisions. Extremely reader friendly, market-leading INTRODUCTION TO DERIVATIVES AND RISK MANAGEMENT, 10e is packed with real-world examples while keeping technical mathematics to a minimum. With a blend of institutional material, theory, and practical applications, the book delivers detailed coverage of options, futures, forwards, swaps, and risk management as well as a balanced introduction to pricing, trading, and strategy. The financial information throughout reflects the most recent changes in the derivatives market--one of the most volatile sectors in the financial world.https://repository.lsu.edu/facultybooks/1119/thumbnail.jp