Greeks (finance)

In mathematical finance, the Greeks are the quantities representing the sensitivity of the price of derivatives such as options to a change in underlying parameters on which the value of an instrument or portfolio of financial instruments is dependent. The name is used because the most common of these sensitivities are denoted by Greek letters (as are some other finance measures). Collectively these have also been called the risk sensitivities,risk measures or hedge parameters.

Use of the Greeks

The Greeks are vital tools in risk management. Each Greek measures the sensitivity of the value of a portfolio to a small change in a given underlying parameter, so that component risks may be treated in isolation, and the portfolio rebalanced accordingly to achieve a desired exposure; see for example delta hedging.

The Greeks in the Black–Scholes model are relatively easy to calculate, a desirable property of financial models, and are very useful for derivatives traders, especially those who seek to hedge their portfolios from adverse changes in market conditions. For this reason, those Greeks which are particularly useful for hedging—such as delta, theta, and vega—are well-defined for measuring changes in Price, Time and Volatility. Although rho is a primary input into the Black–Scholes model, the overall impact on the value of an option corresponding to changes in the risk-free interest rate is generally insignificant and therefore higher-order derivatives involving the risk-free interest rate are not common.

This page contains text from Wikipedia, the Free Encyclopedia - https://wn.com/Greeks_(finance)

Latest News for: delta

Edit

Pulling for a cure: Delta employees raise over $500K for American Cancer Society at Jet Drag and Relay For Life (VIDEO) (Video)

Public Technologies 05 May 2019

Delta employees raise over $500K for American Cancer Society at Jet Drag and Relay For Life (VIDEO) ... Delta's Relay For Life is the largest corporate relay in the U.S ... 'I'd like to thank Delta and Delta employees worldwide for all they do to help save lives and create a world without cancer,' said American Cancer Society CEO Gary Reedy ... Delta News Hub....

Edit

Delta Downs Results Friday May 3rd, 2019

Marietta Daily Journal 04 May 2019

1st-$6,500, Maiden Claiming, 2-Year-Olds , Three Furlongs, Dirt, Cloudy ... ....

Edit

Local Roundup: Delta softball wins playoff series opener against Porterville

Recordnet 04 May 2019

The Delta College softball team entered Friday’s opening round of the Northern California Regional Playoffs after a long layoff — 10 days to be exact.The Mustangs may not have been as sharp as they wanted to be....

Edit

Delta College baseball team crushes Monterey Peninsula 12-2 in NorCal playoff opener

Recordnet 04 May 2019

... line and jogged home as the Mustangs took a five-run lead in their CCCAA Northern California Regional playoff opener.The Bear Creek High graduate Mathis and reigning state champion Delta College baseball announced their return to the postseason with swagger, bludgeoning ......

Edit

Delta adds two Caribbean hotspots for Detroit travellers this winter

MENA FN 04 May 2019

(MENAFN - Caribbean News Now) ATLANTA, USA —This winter, travelling from Detroit to two iconic destinations in the Caribbean will become much easier. Starting December 21, the airl... ....

Edit

Delta twin tunnels revamp: One eyed-monster is still a monster

Manteca Bulletin 04 May 2019

Gov. Gavin Newsom got it half right ... ....

Edit

Routes: El Al to Israel, SJC to Hawaii, More UK from SFO, Delta to India, ...

San Francisco Chronicle 04 May 2019

In route news, El Al paints a plane in honor of its new SFO flights; Southwest Airlines kicks off a new Hawaii route from San Jose this weekend; Thomas Cook adds seasonal SFO-Manchester service; Delta will join United in offering non-stop service to India; American, Lufthansa, ......

Edit

Delta boys and Wapahani girls win Delaware County track titles

The Star Press 04 May 2019

Here are the individual winners from the Delaware County track meet, plus a photo gallery ... ....

Edit

Delta supervisor should pay up

Enterprise-Journal 04 May 2019

For more than 40 years, Holmes County politico Eddie Carthan has played the racial victimization card. He has repeatedly claimed that he was framed by authorities because he challenged the white power structure in the predominantly black county ... He shouldn’t have been ... Whether the error was intentional or accidental, it doesn’t matter ... ....

Edit

Christensen and Jackson recognized for a lifetime of service

Mississippi Business Journal 04 May 2019

The Mississippi Association of Supervisors Minority Caucus honored two members of the Delta Regional Medical Center team. Scott Christensen (right), Chief Executive Officer, and Sylvia Jackson, Board Member, were each presented with the Community Legend Award for their service to the Delta and community....

Edit

Newsom officially scraps plan for two Delta water tunnels

Ventura County star 03 May 2019

California Gov. Gavin Newsom scrapped a $16 billion plan for two giant tunnels to reroute the state’s water system, opting for one tunnel ... ....

Edit

Long-awaited ribbon cutting opens Delta Marriott hotel on Thunder Bay waterfront

CBC 03 May 2019

Despite construction delays, lawsuits, changing contractors and a vicious rumour mill about the feasibility of a hotel opening along Thunder Bay's waterfront, the Delta Marriott opened Thursday morning ... ....

Edit

California Gov. Newsom officially kills Jerry Brown’s Delta twin tunnels project

The Lewiston Tribune 03 May 2019

SACRAMENTO, Calif.—Gov. Gavin Newsom on Thursday drove the final nail into the coffin of the most controversial water project in California in more than 30 years. Gov. Jerry Brown’s $19 billion plan to build two massive tunnels under the Sacramento-San ... ....