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Hawaiian Options- Hawaiian options are a relatively new breed of exotic options, a combination of Asian and American style options. To recap, Asian options are a form of path-dependent options which look back in time an takes the average of the underlying price to determine its payoff. These options are generally more suitable for investors who want to take up an option position but do not want to be exposed to the variations in asset price, particularly near expiry date. American style options simply mean that early exercise is possible and allows for more flexibility for the investor. Combining the two effectively gives an Asian option which allows for early exercise.
Headline Risk- Headline, or reputational, risk is the potential loss due to a decrease in a bank's standing in public opinion.HedgingHedging attempts to reduce risk by matching a position with an opposite and offsetting position in a financial instrument that tracks or mirrors the value changes in the position.
Historical Frequency Model- A historical frequency model quantify credit risk and other risk exposures based on the empirical and historical realizations of credit risk events.
Historical Growth Rate- Obtained using this year’s earnings per share and earnings per share from 5 years ago:
Historical Growth rate = (EPS (today)/EPS(5 years ago))^(1/5)-1
If EPS five years ago or today is negative, this number is not estimated.
Historical Simulation- Historical simulation measures risk across instruments and portfolios assuming that historical changes in market values are representative of future changes.
Historical Volatility- Historical volatility is the realized volatility of a financial instrument over a given time period.
Hybrid Security- A hybrid security is a financial instrument that has both equity and debt features.
ר רועי פולניצר, MBA ,CRM , FRM הינו הבעלים של שווי פנימי - ייעוץ והדרכהשווי פנימי, רועי פולניצר, ניהול סיכונים, הערכות שווי, Intrinsic Value, Roi Polanitzer, Risk Management, Valuation, VaR, FRM. PRM, CRM. GARP, PRMIA, IARM