Financial Risk Manager Handbook is the definitive book for risk management ... Continue reading

# FRM Part 1

## Books for FRM Part 1 Exam …

The Financial Risk Manager (FRM) Exam is a rigorous exam and tests your ... Continue reading

## Cross Hedging Commodities …

There are cases where it is not possible to find futures contracts on a ... Continue reading

## Define and Compute a Commodity Spread …

A spread position is one where trading takes places on many contracts on the ... Continue reading

## Strip Hedge and Stack Hedge in Commoditi …

The concept of hedging in commodities markets is the same as in the ... Continue reading

## Equilibrium Formula for Pricing Commodit …

The forward price of a commodity is calculated much along the lines of that ... Continue reading

## Carry Markets and Forward Prices …

A commodity is said to be in carry when it is being stored rather than ... Continue reading

## Basis Risk in Commodities Hedging …

The concept of basis risk in the commodities markets is similar to basis ... Continue reading

## Factors Affecting Commodity Market Price …

Cash prices are derived from the futures markets by removing the effect of ... Continue reading

## Basic Commodity Terminology …

Market Characteristics Commodities have specific features that distinguish ... Continue reading

## Yield Curve Risk …

We know that the bond prices are sensitive to changes in interest rates. ... Continue reading

## Best Linear Unbiased Estimator (B.L.U.E. …

The Need There are several issues when trying to find the Minimum ... Continue reading

## Linear Combinations of Random Variables …

The joint distribution of a particular pair of linear combinations of random ... Continue reading

## Independent and Identically Distributed …

Definition I.I.D’s or independent and identically distributed variables are ... Continue reading

## Interpretation of Skewness, Kurtosis, Co …

Kurtosis It indicates the extent to which the values of the variable fall ... Continue reading

## Bayes Theorem – Calculating Conditiona …

The Situation The field of science attempts to answer the following ... Continue reading

## Properties of Log-Normal Distribution …

Definition If the logarithm to the power of the variable x is normally ... Continue reading

## Paramteric vs Non-Parametric Distributio …

Definitions Parametric Distribution: A parametric distribution is used in ... Continue reading

## Properties of Normal Distribution …

Definition It is one of the most important continuous probability ... Continue reading

## Properties of Bernoulli Distribution …

Definition The Bernoulli distribution is a discrete probability ... Continue reading