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Today?s traders want to know when volatility is a sign that the sky is falling (and they should stay out of the market), and when it is a sign of a possible trading opportunity. Inside Volatility Arbitrage can help them do this. Author and financial expert Alireza Javaheri uses the classic approach to evaluating volatility -- time series and financial econometrics -- in a way that he believes is superior to methods presently used by market participants. He also suggests that there may be "skewness" trading opportunities that can be used to trade the markets more profitably. Filled with in-depth insight and expert advice, Inside Volatility Arbitrage will help traders discover when "skewness" may present valuable trading opportunities as well as why it can be so profitable.
A new, more accurate take on the classical approach to volatility evaluation Inside Volatility Filtering presents a new approach to volatility estimation, using financial econometrics based on a more accurate estimation of the hidden state. Based on the idea of "filtering", this book lays out a two-step framework involving a Chapman-Kolmogorov prior distribution followed by Bayesian posterior distribution to develop a robust estimation based on all available information. This new second edition includes guidance toward basing estimations on historic option prices instead of stocks, as well as Wiener Chaos Expansions and other spectral approaches. The author's statistical trading strategy has...
Derivatives Models on Models takes a theoretical and practical look at some of the latest and most important ideas behind derivatives pricing models. In each chapter the author highlights the latest thinking and trends in the area. A wide range of topics are covered, including valuation methods on stocks paying discrete dividend, Asian options, American barrier options, Complex barrier options, reset options, and electricity derivatives. The book also discusses the latest ideas surrounding finance like the robustness of dynamic delta hedging, option hedging, negative probabilities and space-time finance. The accompanying CD-ROM with additional Excel sheets includes the mathematical models co...
In Frontier Fictions, Firoozeh Kashani-Sabet looks at the efforts of Iranians to defend, if not expand, their borders in the nineteenth and early twentieth centuries, and explores how their conceptions of national geography influenced cultural and political change. The "frontier fictions," or the ways in which the Iranians viewed their often fluctuating borders and the conflicts surrounding them, played a dominant role in defining the nation. On these borderlands, new ideas of citizenship and nationality were unleashed, refining older ideas of ethnicity. Kashani-Sabet maintains that land-based conceptions of countries existed before the advent of the modern nation-state. Her focus on geograp...
The Team at Wilmott is very proud to present this compilation of Wilmott magazine articles and presentations from our second year. We have selected some of the very best in cutting-edge research, and the most illuminating of our regular columns. The technical papers include state-of-the-art pricing tools and models. You'll notice there's a bias towards volatility modelling in the book. Of course, it's one of my favourite topics, but volatility is also the big unknown as far as pricing and hedging is concerned. We present research in this area from some of the best newcomers in this field. You'll see ideas that make a mockery of 'received wisdom,' ideas that are truly paradigm shattering - for we aren't content with a mere 'shift.' We know you'll enjoy it! The Best of Wilmott will return again next year...
Outlines the evolving U.S.-Iran relationship from 1800 until 1988, highlighting the intersection of diplomatic, social, and cultural changes.
This is the extraordinary story of a father and a son that arose in the 19th century to spread the Faith of Bahá’u’lláh throughout Iran with indomitable strength and resilience. Varqá the father, a physician and a talented poet, and his gifted adolescent son Rúḥu’lláh, both of penetrating spiritual insight, took the New Gospel with zeal and courage to a generation blind in the most dire fanaticism. Operating in the midst of a country sunk into corruption and bigotry, Varqá and Rúḥu’lláh were able to teach both the rich and the poor, the prince and the commoner, the scholar and the illiterate, the believer and the laic, in freedom or in prison. Their saga ended with their tragic martyrdom in the royal prison of Tehran in 1896 but has continued to live like a legend inspiring Bahá’ís around the world to serve. Varqá’s legacy of service and consecration was continued by Valíyu’lláh Varqá and Dr ‘Alí-Muḥammad Varqá, his son and grandson, respectively, all three of whom were designated as Hands of the Cause of God.
Now available in Open Access, this best-selling textbook for a second course in linear algebra is aimed at undergraduate math majors and graduate students. The fourth edition gives an expanded treatment of the singular value decomposition and its consequences. It includes a new chapter on multilinear algebra, treating bilinear forms, quadratic forms, tensor products, and an approach to determinants via alternating multilinear forms. This new edition also increases the use of the minimal polynomial to provide cleaner proofs of multiple results. Also, over 250 new exercises have been added. The novel approach taken here banishes determinants to the end of the book. The text focuses on the cent...
You can beat the market by avoiding risk-averse, career-protecting investment managers and index-based strategies that are perfectly satisfied with mediocrity. Fact is, as indexing and quasi-indexing have become more prevalent, the dangers of these strategies have become more pronounced: a bias toward overvalued, overgrown, large-cap stocks likely to hit long periods of underperformance. But there's good news: If you're willing to invest a bit more of your own time, you have a much better chance of beating the pros than they want you to think. In Beating the Indexes, leading trader and Minyanville columnist Bill Feingold shows you how to systematically exploit the biases and mediocrity of in...
Aside from the dramatic effects that the COVID-19 pandemic has had on the lives of people everywhere, it has also triggered and accelerated some important process changes in healthcare. Digital health has become ever more important, supporting test strategies and contact tracing, statistical analysis, prognostic modeling, and vaccination roll-out and documentation. Video calls have become more common, and it seems likely that all these changes will continue to influence healthcare in the longer-term. This book presents the proceedings of dHealth 2021 – the 15th annual conference on Health Informatics Meets Digital Health – held as a virtual conference on 11 & 12 May 2021. The dHealth con...