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Item Details
Title: RETURN DISTRIBUTIONS IN FINANCE
By: Stephen Satchell, John Knight
Format: Hardback

List price: £95.00


We currently do not stock this item, please contact the publisher directly for further information.

ISBN 10: 0750647515
ISBN 13: 9780750647519
Publisher: ELSEVIER SCIENCE & TECHNOLOGY
Pub. date: 8 December, 2000
Series: Quantitative Finance
Pages: 224
Description: Quantitative methods have revolutionised the area of trading, risk management, portfolio construction, asset pricing and treasury activities, and governmental activity such as central banking. This work assists in understanding asset return distributions. It provides an overview of financial risk management techniques in asset allocation.
Synopsis: Quantitative methods have revolutionised the area of trading, regulation, risk management, portfolio construction, asset pricing and treasury activities, and governmental activity such as central banking. One of the original contributions in this area is the classic by Cootner entitled 'The Random Nature of Stock Market Prices'. This work investigated the statistical properties of asset prices and was one of the first works to investigate this area in a rigorous manner. Much has happened in this field in the last 35 years and 'Return Distributions in Finance' contains much new information that reflects this huge growth. The authors combined experience reflects not only the new theory but also the new practice in this fascinating area. The rise of financial engineering now allows us to change the nature of asset returns to whatever pattern we desire, albeit at a cost. Benefits and costs can only be understood if we understand the underlying processes. 'Return Distributions in Finance' allows us to gain that understanding.
Publication: UK
Imprint: Butterworth-Heinemann Ltd
Returns: Non-returnable
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