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Intraday Value-at-Risk

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Author Info
Giot, P.

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Abstract

In this paper, we apply a collection of parametric (Normal, Normal GARCH, Student GARCH, RiskMetrics and high-frequency duration models) and non-parametric (empirical quantile, extreme distributions models) Value-at-Risk (VaR) techniques to intraday data for three stocks traded on the New York Stock Exchange. Because of the small time horizon of the intraday returns (15 and 30 minute returns), intraday VaR can be useful to market participants (traders, market makers) involved in frequent trading.

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Publisher Info
Paper provided by Catholique de Louvain - Center for Operations Research and Economics in its series Papers with number 0045.

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Length: 24 pages
Date of creation: 2000
Date of revision:
Handle: RePEc:fth:louvco:0045

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Related research
Keywords: RISK MODELS TRADE

Find related papers by JEL classification:
C22 - Mathematical and Quantitative Methods - - Single Equation Models; Single Variables - - - Time-Series Models
C41 - Mathematical and Quantitative Methods - - Econometric and Statistical Methods: Special Topics - - - Duration Analysis
C53 - Mathematical and Quantitative Methods - - Econometric Modeling - - - Forecasting and Other Model Applications
G10 - Financial Economics - - General Financial Markets - - - General (includes Measurement and Data)

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This page was last updated on 2008-8-11.


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