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@David Harper CFA FRM Much gratitude. Have a follow up question though...i guess ...the point am struggling with .... So a Short Hedge = a Short Position on the Futures Contract and a Long Hedge = a Long Position on the Futures Contract But a Short Hedge can be used with either a Long Spot or a...

@David Harper CFA FRM A Long Hedge = Short Spot + Long Futures ( and vice versa) This however does not seem to align with the example in the Learning Spreadsheet 'T3.a_2012_XLS_bundle_HullCh1-3_"....in the Learning spreadsheet a Long Hedge has been illustrated in both scenarios of a Basis...

@ShaktiRathore Got it ! Thanks so much !

In reference to R19.P1.T3.FIN_PRODS_HULL_Ch12:Topic:Box Spreads :- The Payoff for a Box Spread at any given point is (K2-K1) ...I do understand that....but what I am missing is that shouldn't the payoff also should also factor in the cost of the Bull and Bear Spreads...? that is the payoff for...

@David Harper CFA FRM @ShaktiRathore Thank you guys. Y'all are the the best ! :)

@David Harper CFA FRM Thanks so much ! Exactly what I was looking for .. So is this the takeaway...? If β=0 which in turn is our NULL HYP criteria here, then that would imply that the independent variable has no influence on the dependent variable. So if NULL HYP fails, then that confirms that...

In reference to R15.P1.T2.STOCK & WATSON_CH 5 Topic: Interpret Hypothesis Tests about Regression Coefficients For the Significance Test, why are we comparing the Slope-Value of -2.28 to zero...?Why are we expecting the Slope to be zero...? and performing the Hyp-Test by comparing against zero...?

@ShaktiRathore Thanks so much Skahti for helping me out with that :)

In reference to R15.P1.T2.STOCK&WATSON_CH4_TOPIC: Q & A Section Please refer to the attached screenshots below:- There is ONLY ONE Regressor/ Independent variable. So the degrees of freedom should be N- (No of Regressor Parameters)= 36- 1= 35...? Why are we factoring in the Dependent variable in...

@David Harper CFA FRM That's what makes you guys special..very very special :) !

@Nicole Manley @David Harper CFA FRM Dear friends, enjoy your vacations to the fullest. You have worked so hard these days you really deserve it. Have a great time. We love you !!!!!!!!!

@David Harper CFA FRM Thanks so much David ! I just saw the post that you guys are on a very well deserved vacation ! Didn't mean to inundate with questions. Please have a blesses holiday ! :) But thanks again for taking the time to put this explanation forth. Much Gratitude ! I'll make sure I...

@brian.field am trying to figure how the with the 2nd & 3rd Bond in the portfolio, we have 0 & 1 default respectively and the VAR is $100 with the 3rd bond...?

Hi Brian, @brian.field ...this is the example to illustrate that VAR violates the Coherent Risk Measure property= sub additivity... think it is in the right context, but have questions on the example itself...and so thinking, there might be a spreadsheet 5.d.1...with the detailed workings...

In reference to: P1.T4.VAR-HULL-DOWD_Ch2_TOPIC: Coherent Risk Measures:- Am missing seeing the 5.d.1 Learning spreadsheet in the study planner.. :( Any pointers..? Am I missing seeing something... :( ????

@David Harper CFA FRM @ShaktiRathore Indebted to you guys! Thanks so very much.

@David Harper CFA FRM Have a follow up question on the above... You mentioned .. "Relative normal (%) VaR(α) = σ*z just multiplies by value to get dollars to get $VaR VaR(α) = P*σ*z, and that's just translating the x-axis from % to $ without changing the probability distribution." Now, given the...

In reference to: P1.T4.VAR-HULL-DOWD_Ch2_TOPIC: Value-At-Risk (Var) Measure Of Risk: Hi All, I am having some trouble connecting the dots between Quantile , Var & Confidence Level and how VAR = - Quantile. Isn't VAR = some $ Amount ....??? ( say $5 Million at Risk with a 95 % of Confidence...

@seidu Hey anytime bro :-) @NadiaSayyam my apologies - I missed you... do u have a 0 at the beginning of ur main no...? 03322446323...?

Hey- just bouncing off some ideas for collaborative learning and making the most of everybody's time...please see below.. Let's not duplicate the capabilities of asking a question on our Whatsapp group coz we can do it via BT forum and we would have a wider audience to answer. If we think a...