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  • Oct 21, 2014
  • Updated: 5:59am

Mathematical Finance

Smart Money

Sites to help understand risk and volatility:

Monday, 17 September, 2012, 4:59am

Smart money

The best sites for understanding volatile markets:


Most individual investors are perplexed by the technical explanations of volatility. It is counterintuitive for most people to buy when prices are falling. This site discusses how the current market uncertainty can present opportunities.


18 Jun 2012 - 12:00am

Market likely to remain volatile

The stock market rally that began towards the end of last year enabled the Mandatory Provident Fund (MPF) to post average returns of 8.72 per cent in January and February this year.

However, this was on the back of last year's valuations of the 423 investment funds that fell by an average of 8.41 per cent, the MPF's second-worst annual performance since its launch in 2000.

28 Mar 2012 - 12:00am

SFC raises feeble safety net for high-risk trading

SFC chief executive Ashley Alder said the commission would issue a consultation paper this year to re-examine local regulations that ensure only professionals are allowed to partake in the riskiest investments.

SCMP, February 24

28 Feb 2012 - 12:00am

Smart Money

Some useful investing resources:


24 Oct 2011 - 12:00am

All that glisters is not a safe haven

Volatility is understandably a risk that makes investors think twice. The uncertainty of gold prices since record highs were reached early last month has many a potential buyer sitting on the fence and those thinking of selling wondering what to do. It is a problem that is especially vexing for mainland Chinese and Indians, who traditionally turn to the precious metal at this time of year.

6 Oct 2011 - 12:00am

Accumulators are highly risky, authority warns

Investors should think carefully before investing in accumulators amid the present market turmoil, warned the Hong Kong Monetary Authority (HKMA).

'Given the volatility in the market, investors must think twice before investing in accumulators,' Meena Datwani, executive director of the regulator's banking conduct department, said yesterday at a news conference.

29 Sep 2011 - 12:00am

Political weasels run for the cover of what's 'reasonable'

But this time the government believes it will be able to argue what a reasonable return is, as it says the situation has changed.

'At the time of the last ruling, they [Eastern Harbour Tunnel] hadn't made much of a profit. Now they have made billions of dollars ... how much more is reasonable?' said a person familiar with the situation.

SCMP, June 22

23 Jun 2011 - 12:00am

Beijing's economic carve-up dooms vital reform to failure

In March next year Beijing will adopt its next five-year plan. The new directive will aim to construct a more sustainable model of economic development by promoting private consumption as the main driver of China's growth, instead of exports and investment.

22 Dec 2010 - 12:00am

VIX options more flexible for managing volatility risk

Once the Hang Seng VIX Index is introduced this month, the futures and options contracts using VIX as an underlying asset should be developed and launched, says Stephen Figlewski, professor of finance at the Leonard N Stern School of Business at New York University.

15 Dec 2010 - 12:00am

'Fear gauge' reflects market sentiment

The volatility of stock markets has increased since the early 1990s. This prompted the Chicago Board Options Exchange (CBOE) to work on a volatility index. The VIX Index was developed by the CBOE based on the volatility of a stock market index in 1993.

15 Dec 2010 - 12:00am

Revaluation of yuan a gradual process

The widely anticipated move by mainland authorities to revalue the yuan, viewed as the next step towards the liberalisation of China's currency, is likely to be a gradual process, according to financial experts.

19 Sep 2010 - 12:00am

Vix, Chix, fat fingers and the return of fear

Not since March last year, during the depths of the financial crisis, have markets begun a week in a mood of such fear and uncertainty.

That's not just vacuous columnist's babble. It's a measurable phenomenon.

10 May 2010 - 12:00am

Higher rate of interest designed to spur settlement

When a court orders a party to pay compensation, the amount can be subject to interest. The interest rate has been as high as 13.5 per cent since 1983, and is 8 per cent now.

8 Apr 2010 - 12:00am

Wong's plan works to perfection

22 Mar 2010 - 12:00am