What is this project about?
This project is about assessing market risk for financial portfolios. The provided solution
let's you calculate stress test results and value at risk in a full valuation approach in a fast and flexible way.
The final objective is to make a great, free, fast and light weight product for assessing market risk for as many financial instruments as possible.
There shall be used state-of-the art algorithms to assess and aggregate market risks.
Why should someone contribute with new code and give away new developments for free?
The core business of a financial institution is managing risks - not measuring them. Freely available code will reduce bugs through distributed peer review. Less costs for maintaining and testing software frees up resources for managing risk.Disclaimer
The status of octarisk is still non-productive. The software should be treated with care and all results should be independently validated before taking investment decisions.For the information provided and code presented there is no guarantee for the accuracy of the calculated results nor should the reports be treated as a complete analysis of the financial risk of your financial portfolio. All presented information reflects the judgment and opinion of the author. No personalized investment advice is given. No offer for buying of selling financial products is given. Hyperlinks are given as a convenience, the author disclaims any responsibility of any information the presented links contain.