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Anton Theunissen
This economics and finance course is a survey of risk measures and risk measurement practices applied to individual securities and portfolios. Students will also study risk reports of publicly traded financial institutions.
Upon completion of this course, participants will receive a certificate bearing the New York Institute of Finance (NYIF) name. A NYIF certificate is a valuable addition to your credentials, proving that you have acquired the work-ready skills that employers value.
Read more
This economics and finance course is a survey of risk measures and risk measurement practices applied to individual securities and portfolios. Students will also study risk reports of publicly traded financial institutions.
Upon completion of this course, participants will receive a certificate bearing the New York Institute of Finance (NYIF) name. A NYIF certificate is a valuable addition to your credentials, proving that you have acquired the work-ready skills that employers value.
Read more
This economics and finance course is a survey of risk measures and risk measurement practices applied to individual securities and portfolios. Students will also study risk reports of publicly traded financial institutions.
Upon completion of this course, participants will receive a certificate bearing the New York Institute of Finance (NYIF) name. A NYIF certificate is a valuable addition to your credentials, proving that you have acquired the work-ready skills that employers value.
For those who wish to learn more, students can enroll in the remaining four courses to earn the complete Risk Management Professional Certificate, backed by the New York Institute of Finance’s 93-year history.
What you'll learn
- Understand beta as a measure of equity risk.
- Describe duration and convexity as first and second order interest rate sensitivity / risk measures for fixed income instruments.
- Explain and provide examples of linear and non-linear (‘convex’) securities.
- Describe and the sensitivity measures (Greeks) for options.
- Describe the various approaches utilized for determining value at risk and expected shortfall as measures of market and credit risk for portfolios.
Register for this course and see more details by visiting:
OpenCourser.com/course/3wfx6k/measuring
What's inside
Learning objectives
- Understand beta as a measure of equity risk.
- Describe duration and convexity as first and second order interest rate sensitivity / risk measures for fixed income instruments.
- Explain and provide examples of linear and non-linear (‘convex’) securities.
- Describe and the sensitivity measures (greeks) for options.
- Describe the various approaches utilized for determining value at risk and expected shortfall as measures of market and credit risk for portfolios.
- Understand beta as a measure of equity risk.
- Describe duration and convexity as first and second order interest rate sensitivity / risk measures for fixed income instruments.
- Explain and provide examples of linear and non-linear (‘convex’) securities.
- Describe and the sensitivity measures (greeks) for options.
- Describe the various approaches utilized for determining value at risk and expected shortfall as measures of market and credit risk for portfolios.
Syllabus
Module 1: Risk by Asset Class
Lesson 1: Fixed Income Risk
Lesson 2: Derivatives Risk
Lesson 3: Credit Risk
Read more
Syllabus
Module 1: Risk by Asset Class
Lesson 1: Fixed Income Risk
Lesson 2: Derivatives Risk
Lesson 3: Credit Risk
Read more
Lesson 4: Equity Risk
Module 2: Portfolio Risk Measurement
Lesson 1: Weighted Scenarios
Lesson 2: Volatility Updating
Lesson 3: Normal Approximation
Good to know
Good to know
Know what's good ,
what to watch for , and
possible dealbreakers
Covers fundamentals regarding asset classes, which is standard in finance
Teaches portfolio management and risk, which helps learners understand finance
Examines duration and convexity as measures of fixed income instrument and interest rate sensitivity, which is highly relevant to finance
Explores beta as a measure of equity risk, which is highly relevant to finance
Covers value at risk and expected shortfall as measures of portfolio risk, which is important in risk management
Taught by Anton Theunissen, an established instructor in finance
Save this course
Save Measuring Risk: Equity, Fixed Income, Derivatives and FX to your list so you can find it easily later:
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Activities
Be better prepared
before
your course. Deepen your understanding
during
and
after
it. Supplement your coursework and achieve mastery of the topics covered
in Measuring Risk: Equity, Fixed Income, Derivatives and FX with these
activities:
Review accounting basics
Show steps
Accounting is the foundation of finance, so it would be a useful review before the course starts.
Browse courses on
Financial Accounting
Show steps
-
Review basic accounting concepts such as assets, liabilities, and equity.
-
Solve practice problems.
Review basic calculus
Show steps
Calculus is the foundation of finance, so it would be a useful review before the course starts.
Show steps
-
Review limits, derivatives, and integrals.
-
Solve practice problems.
Watch video tutorials on financial modeling
Show steps
Video tutorials can provide a clear and concise explanation of financial modeling concepts.
Show steps
-
Find a set of video tutorials on financial modeling.
-
Watch the videos and take notes.
-
Try out the techniques you learned in the videos.
Five other activities
Expand to see all activities and additional details
Show all eight activities
Solve practice problems on financial ratios
Show steps
Financial ratios are a key tool for evaluating the financial health of a company, and practicing using them will help you understand the material better.
Show steps
-
Find a set of practice problems online or in a textbook.
-
Solve the problems and check your answers.
-
Review the problems you got wrong and try to understand why.
Join a study group with other students
Show steps
Studying with other students can help you improve your understanding of the material and identify areas where you need more help.
Show steps
-
Find a study group or create your own.
-
Meet with your study group regularly to discuss the material.
-
Work together on problem sets and practice exams.
Attend a workshop on financial modeling
Show steps
Workshops can provide a more in-depth understanding of financial modeling concepts.
Show steps
-
Find a workshop on financial modeling.
-
Register for the workshop.
-
Attend the workshop and take notes.
Read The Intelligent Investor by Benjamin Graham
Show steps
The Intelligent Investor is a classic book on value investing that can provide valuable insights into the financial markets.
View
The Intelligent Investor Third Edition,...
on Amazon
Show steps
-
Purchase a copy of the book.
-
Read the book carefully and take notes.
-
Discuss the book with other students or a financial advisor.
Write a blog post about a financial topic
Show steps
Writing a blog post will help you synthesize your knowledge of the material and improve your communication skills.
Show steps
-
Choose a financial topic that interests you.
-
Research the topic and gather information.
-
Write a draft of your blog post.
-
Edit and revise your blog post.
-
Publish your blog post.
Review accounting basics
Show steps
Accounting is the foundation of finance, so it would be a useful review before the course starts.
Browse courses on
Financial Accounting
Show steps
Show steps
Show steps
- Review basic accounting concepts such as assets, liabilities, and equity.
- Solve practice problems.
Review basic calculus
Show steps
Calculus is the foundation of finance, so it would be a useful review before the course starts.
Show steps
Show steps
Show steps
- Review limits, derivatives, and integrals.
- Solve practice problems.
Watch video tutorials on financial modeling
Show steps
Video tutorials can provide a clear and concise explanation of financial modeling concepts.
Show steps
Show steps
Show steps
- Find a set of video tutorials on financial modeling.
- Watch the videos and take notes.
- Try out the techniques you learned in the videos.
Five other activities
Expand to see all activities and additional details
Show all eight activities
Solve practice problems on financial ratios
Show steps
Financial ratios are a key tool for evaluating the financial health of a company, and practicing using them will help you understand the material better.
Show steps
Show steps
Show steps
- Find a set of practice problems online or in a textbook.
- Solve the problems and check your answers.
- Review the problems you got wrong and try to understand why.
Join a study group with other students
Show steps
Studying with other students can help you improve your understanding of the material and identify areas where you need more help.
Show steps
Show steps
Show steps
- Find a study group or create your own.
- Meet with your study group regularly to discuss the material.
- Work together on problem sets and practice exams.
Attend a workshop on financial modeling
Show steps
Workshops can provide a more in-depth understanding of financial modeling concepts.
Show steps
Show steps
Show steps
- Find a workshop on financial modeling.
- Register for the workshop.
- Attend the workshop and take notes.
Read The Intelligent Investor by Benjamin Graham
Show steps
The Intelligent Investor is a classic book on value investing that can provide valuable insights into the financial markets.
View
The Intelligent Investor Third Edition,...
on Amazon
Show steps
Show steps
Show steps
- Purchase a copy of the book.
- Read the book carefully and take notes.
- Discuss the book with other students or a financial advisor.
Write a blog post about a financial topic
Show steps
Writing a blog post will help you synthesize your knowledge of the material and improve your communication skills.
Show steps
Show steps
Show steps
- Choose a financial topic that interests you.
- Research the topic and gather information.
- Write a draft of your blog post.
- Edit and revise your blog post.
- Publish your blog post.
Career center
Learners who complete Measuring Risk: Equity, Fixed Income, Derivatives and FX will develop knowledge and skills
that may be useful to these careers:
Risk Manager
Risk Manager
Risk Managers develop and implement strategies to minimize financial risks for organizations. This course provides essential skills and knowledge in risk measurement and management techniques across different asset classes, making it relevant to those seeking to pursue a career as a Risk Manager.
Risk Analyst
Risk Analyst
Risk Analysts assess and quantify financial risk, and help develop appropriate strategies to mitigate it. This course can help build a strong foundation in risk measurement and mitigation practices across asset classes, providing valuable skills for someone seeking to become a Risk Analyst.
Risk Consultant
Risk Consultant
Risk Consultants provide independent advice to organizations on risk management issues. This course provides a comprehensive overview of risk measurement and management practices, which can be valuable for those seeking to become Risk Consultants.
Hedge Fund Manager
Hedge Fund Manager
Hedge Fund Managers make investment decisions for hedge funds. The topics covered in this course are central to the work of a Hedge Fund Manager, who must be able to measure and manage risk across multiple asset classes.
Trader
Trader
Traders assume risk by buying and selling financial instruments in order to make a profit. The risk measurement practices covered in this course are fundamental to the role of a trader, who must understand and quantify the risks associated with different investments.
Financial Analyst
Financial Analyst
Financial Analysts use financial knowledge to evaluate investments. This course provides core knowledge and skills that can be directly applied to the task of evaluating equity and fixed income investments, and can be particularly relevant to those working in the Financial Services industry.
Credit Analyst
Credit Analyst
Credit Analysts assess the creditworthiness of borrowers to make recommendations to lenders on whether to approve or deny a loan. The risk measurement practices, such as portfolio risk measurement and stress testing, are relevant to the role of a Credit Analyst.
Actuary
Actuary
Actuaries use their knowledge of mathematics and statistics to assess financial risk. Many Actuaries specialize in specific areas of insurance or finance, and this course can provide valuable insights into topics such as portfolio risk measurement, which can be useful in actuarial work.
Quant Analyst
Quant Analyst
Quant Analysts combine financial knowledge with programming and data analysis skills to develop quantitative models. Since they typically work in the finance industry, this course provides a good basis for foundational knowledge and can help aspiring Quant Analysts gain a better understanding of the financial markets.
Portfolio Manager
Portfolio Manager
Portfolio Managers use their knowledge of different asset classes, including fixed income, derivatives, and equities, to manage financial investments. The topics covered in this course can help build foundational knowledge that's necessary for making informed investment decisions, and may be useful to professionals at any level.
Insurance Broker
Insurance Broker
Insurance Brokers help clients to assess and manage their insurance risks. The risk measurement techniques covered in this course may be useful for professionals in this field who need to understand how to quantify and mitigate risks for their clients.
Regulatory Analyst
Regulatory Analyst
Regulatory Analysts monitor regulatory changes and identify risks and opportunities for their organization. The risk measurement practices covered in this course may be useful for individuals in this role who need to understand how to measure and mitigate regulatory risks.
Compliance Analyst
Compliance Analyst
Compliance Analysts ensure that their organization is adhering to appropriate regulations and best practices. The risk measurement techniques covered in this course may be useful for those in this role who need to understand how to measure and mitigate compliance risks.
Investment Banker
Investment Banker
Investment Bankers provide financial advice to their clients, which may involve helping them to raise capital, merge with other companies, or make strategic investments. This course can be useful for professionals in this field who need to understand how to measure and manage financial risks.
Financial Planner
Financial Planner
Financial Planners help individuals and families plan for their financial future, including retirement, education, and more. This course may be useful for someone in this role who is seeking to gain a deeper understanding of risk management practices in order to provide better financial advice to their clients.
For more career information including salaries, visit:
OpenCourser.com/course/3wfx6k/measuring
Reading list
We've selected 19 books
that we think will supplement your
learning. Use these to
develop background knowledge, enrich your coursework, and gain a
deeper understanding of the topics covered in
Measuring Risk: Equity, Fixed Income, Derivatives and FX.
A comprehensive textbook on derivatives, providing a thorough understanding of the pricing, hedging, and risk management of options, futures, and other derivative instruments.
Provides an in-depth look at the valuation, risk management, and analysis of fixed income securities. It covers topics such as bond pricing, yield curves, credit risk, and duration analysis.
Covers advanced yield curve modeling, fixed income analytics to determine price, yield and term structure from yield curve data, and essential material for the Credit Risk Modeling Certificate from GARP.
Comprehensive textbook on risk management and financial institutions. It covers a wide range of topics, including risk measurement, risk management techniques, and the financial markets.
A practical guide to risk management, providing a step-by-step approach to identifying, assessing, and mitigating risks. Covers topics such as risk appetite, risk tolerance, and risk management frameworks.
A practical guide to risk management, providing insights from leading practitioners in the field. Covers topics such as enterprise risk management, operational risk, and regulatory compliance.
Save
Provides a comprehensive overview of risk modeling and assessment, covering topics such as probability modeling, simulation, and optimization. Useful as a reference tool or for additional reading.
Provides a comprehensive overview of risk management concepts and tools, covering topics such as risk measurement, risk analysis, and risk management strategies. Useful as a reference tool or for additional reading.
Provides a comprehensive overview of financial risk forecasting, covering topics such as time series analysis, econometric models, and risk forecasting methods. Useful as a reference tool or for additional reading.
Provides a practical introduction to derivatives and their applications, using Python for computation.
Comprehensive guide to credit derivatives. It covers a wide range of topics, including the pricing of credit derivatives, the use of credit derivatives in hedging, and the management of credit derivative portfolios.
Comprehensive guide to value at risk (VaR). It covers a wide range of topics, including the different methods for calculating VaR, the use of VaR in risk management, and the regulatory requirements for VaR.
Comprehensive guide to insurance and risk management for pension funds. It covers a wide range of topics, including the different types of insurance policies, the different types of risks that pension funds face, and the different ways to manage those risks.
Comprehensive guide to insurance and risk management for healthcare organizations. It covers a wide range of topics, including the different types of insurance policies, the different types of risks that healthcare organizations face, and the different ways to manage those risks.
Textbook on financial risk management. It covers a wide range of topics, including risk measurement, risk management techniques, and the financial markets.
Provides a theoretical and practical overview of risk management. It covers topics such as risk assessment, risk mitigation, and risk management frameworks. It valuable resource for anyone who wants to learn more about risk management.
Save
Provides a comprehensive overview of portfolio management. It covers topics such as asset allocation, portfolio construction, and performance evaluation. It valuable resource for anyone who wants to learn more about portfolio management.
Provides a quantitative approach to investment management. It covers topics such as portfolio optimization, risk management, and performance evaluation. It valuable resource for anyone who wants to learn more about quantitative investment management.
Classic work on modern portfolio theory. It covers topics such as portfolio construction, risk and return trade-offs, and asset allocation. It valuable resource for anyone who wants to learn more about modern portfolio theory.
For more information about how these books relate to this course, visit:
OpenCourser.com/course/3wfx6k/measuring
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Effort
1 to 2 hours per week for 4 weeks
Level
Introductory
Via
edX
Institution
New York Institute of Finance
Instructor
Anton Theunissen
Language
English
Transcripts
English
Español
Français
Português
Deutsch
中文
العربية
हिंदी
Türkçe
తెలుగు
Bahasa Indonesia
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This course belongs to a
collection
called
Risk Management. It's comprised of six courses:
- Introduction to Risk Management
- Stress Testing and Risk Regulation – Part 1
- Risk Management Tools and Practices
- Measuring Risk: Equity, Fixed Income, Derivatives and FX (viewing)
- Stress Testing and Risk Regulation – Part 2
- Risk Management Professional Certificate Examination
Good to know
Covers fundamentals regarding asset classes, which is standard in finance
Teaches portfolio management and risk, which helps learners understand finance
Examines duration and convexity as measures of fixed income instrument and interest rate sensitivity, which is highly relevant to finance
Explores beta as a measure of equity risk, which is highly relevant to finance
Covers value at risk and expected shortfall as measures of portfolio risk, which is important in risk management
Taught by Anton Theunissen, an established instructor in finance
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