Structuring an optimal portfolio from the Private Bank perspective and measuring the market risk using "Value-at-Risk" Methodology

ABSTRACT An important tool to quantify the market risk of a portfolio is "Value-at-Risk"(VaR) methodology. Consequently, value at risk models will play an increasingly important role within the securities industry, and some securities regulators will increasingly rely on the outputs of th...

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Main Author: Wong, Max Yuen Kuan
Format: Dissertation (University of Nottingham only)
Language:English
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Published: 2008
Subjects:
Online Access:https://eprints.nottingham.ac.uk/21723/
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author Wong, Max Yuen Kuan
author_facet Wong, Max Yuen Kuan
author_sort Wong, Max Yuen Kuan
building Nottingham Research Data Repository
collection Online Access
description ABSTRACT An important tool to quantify the market risk of a portfolio is "Value-at-Risk"(VaR) methodology. Consequently, value at risk models will play an increasingly important role within the securities industry, and some securities regulators will increasingly rely on the outputs of these models for regulatory purposes. This will have significant implications for both the management of the firms and for the regulators of those firms. The study done earlier was an attempt to determine the impact of associating VaR on the process of diversification to improve the return of investor's portfolio along the CML. The second study is to examine whether VaR can be applied to replace the current practice employed by Citigroup Private Bank to determine the appropriate LV of the structured product.
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spelling nottingham-217232022-03-21T16:04:56Z https://eprints.nottingham.ac.uk/21723/ Structuring an optimal portfolio from the Private Bank perspective and measuring the market risk using "Value-at-Risk" Methodology Wong, Max Yuen Kuan ABSTRACT An important tool to quantify the market risk of a portfolio is "Value-at-Risk"(VaR) methodology. Consequently, value at risk models will play an increasingly important role within the securities industry, and some securities regulators will increasingly rely on the outputs of these models for regulatory purposes. This will have significant implications for both the management of the firms and for the regulators of those firms. The study done earlier was an attempt to determine the impact of associating VaR on the process of diversification to improve the return of investor's portfolio along the CML. The second study is to examine whether VaR can be applied to replace the current practice employed by Citigroup Private Bank to determine the appropriate LV of the structured product. 2008 Dissertation (University of Nottingham only) NonPeerReviewed application/pdf en https://eprints.nottingham.ac.uk/21723/1/Thesis_-_Structuring_an_optimal_portfolio_from_the_Private_Bank_perspective_and_measuring_the_market_risk_using_VaR_v1.pdf application/pdf en https://eprints.nottingham.ac.uk/21723/2/A1.0_Breakdown_of_US_stocks.pdf application/pdf en https://eprints.nottingham.ac.uk/21723/3/A2.0_S%26P500.pdf application/pdf en https://eprints.nottingham.ac.uk/21723/4/A3.0_US_Generic_Govt_10_Yr_Govt._Bond.pdf application/pdf en https://eprints.nottingham.ac.uk/21723/5/A4.0_Portfolio_Analyzer_Eq_Pf_before_Rebalancing.pdf application/pdf en https://eprints.nottingham.ac.uk/21723/6/A4.1_Portfolio_Analyzer_Eq_Pf_after_Rebalancing.pdf application/pdf en https://eprints.nottingham.ac.uk/21723/7/A4.2_Portfolio_Analyzer_Basket_of_US_Stocks_in_MLD.pdf application/pdf en https://eprints.nottingham.ac.uk/21723/8/A5.0_Portfolio_Optimizer_Eq_Pf_before_Rebalancing.pdf application/pdf en https://eprints.nottingham.ac.uk/21723/9/A5.1_Portfolio_Optimizer_Eq_Pf_after_Rebalancing.pdf application/pdf en https://eprints.nottingham.ac.uk/21723/10/A5.2_Portfolio_Optimizer_Bond_Pf.pdf application/pdf en https://eprints.nottingham.ac.uk/21723/11/A5.3_Portfolio_Optimizer_Basket_of_US_Stocks_in_MLD.pdf application/pdf en https://eprints.nottingham.ac.uk/21723/12/A6.0_Correlation_coefficient_of_Stocks.pdf application/pdf en https://eprints.nottingham.ac.uk/21723/13/A6.1_Correlation_coefficient_of_Bonds.pdf application/pdf en https://eprints.nottingham.ac.uk/21723/14/A6.2_Correlation_coefficient_between_Bond_%26_Eq_Pfs.pdf application/pdf en https://eprints.nottingham.ac.uk/21723/15/A7.0_Asset_grouping_of_Eq_Pf.pdf application/pdf en https://eprints.nottingham.ac.uk/21723/16/A7.1_Asset_grouping_of_Bond_Pf.pdf application/pdf en https://eprints.nottingham.ac.uk/21723/17/A8.0_Var_of_Div_Eq_Pf_before_Rebalancing.pdf application/pdf en https://eprints.nottingham.ac.uk/21723/18/A8.1_Var_of_Div_Eq_Pf_after_Rebalancing.pdf application/pdf en https://eprints.nottingham.ac.uk/21723/19/A8.2_VaR_of_Bond_Pf.pdf application/pdf en https://eprints.nottingham.ac.uk/21723/20/A8.3_VaR_of_Bond_%26_Eq_Pf.pdf application/pdf en https://eprints.nottingham.ac.uk/21723/21/A8.4_VaR_of_Pf_Mix_with_Rf_assets.pdf application/pdf en https://eprints.nottingham.ac.uk/21723/22/A8.5_VaR_of_Basket_of_US_Stocks.pdf application/pdf en https://eprints.nottingham.ac.uk/21723/23/A8.6_VaR_of_Optimal_Basket_of_US_Stocks.pdf application/pdf en https://eprints.nottingham.ac.uk/21723/24/A9.0_Stocks_with_incremental_LVs.pdf application/pdf en https://eprints.nottingham.ac.uk/21723/25/A10_Citigroup_Std_LV_Table.pdf application/pdf en https://eprints.nottingham.ac.uk/21723/26/A11_The_Optimal_Portfolio.pdf Wong, Max Yuen Kuan (2008) Structuring an optimal portfolio from the Private Bank perspective and measuring the market risk using "Value-at-Risk" Methodology. [Dissertation (University of Nottingham only)] (Unpublished) VaR Value at Risk Beta Alpha LV LNW Diverfication CAPM Modern Portfolio Optimal portfolio Tail Conditional Expectation (TCE) Spectral Measure of Risk Expected Shortfall Stress test Back testing Correlation Risk Free Rate Confidence Level Tatical Allocation Strategic Allocation CML
spellingShingle VaR
Value at Risk
Beta
Alpha
LV
LNW
Diverfication
CAPM
Modern Portfolio
Optimal portfolio
Tail Conditional Expectation (TCE)
Spectral Measure of Risk
Expected Shortfall
Stress test
Back testing
Correlation
Risk Free Rate
Confidence Level
Tatical Allocation
Strategic Allocation
CML
Wong, Max Yuen Kuan
Structuring an optimal portfolio from the Private Bank perspective and measuring the market risk using "Value-at-Risk" Methodology
title Structuring an optimal portfolio from the Private Bank perspective and measuring the market risk using "Value-at-Risk" Methodology
title_full Structuring an optimal portfolio from the Private Bank perspective and measuring the market risk using "Value-at-Risk" Methodology
title_fullStr Structuring an optimal portfolio from the Private Bank perspective and measuring the market risk using "Value-at-Risk" Methodology
title_full_unstemmed Structuring an optimal portfolio from the Private Bank perspective and measuring the market risk using "Value-at-Risk" Methodology
title_short Structuring an optimal portfolio from the Private Bank perspective and measuring the market risk using "Value-at-Risk" Methodology
title_sort structuring an optimal portfolio from the private bank perspective and measuring the market risk using "value-at-risk" methodology
topic VaR
Value at Risk
Beta
Alpha
LV
LNW
Diverfication
CAPM
Modern Portfolio
Optimal portfolio
Tail Conditional Expectation (TCE)
Spectral Measure of Risk
Expected Shortfall
Stress test
Back testing
Correlation
Risk Free Rate
Confidence Level
Tatical Allocation
Strategic Allocation
CML
url https://eprints.nottingham.ac.uk/21723/