Introduction to the Risk Visualization as a Service
Introduction to the Risk Visualization as a Service
This paper introduces the Risk Visualization as a Service (RVaaS) and presents the motivation, rationale, methodology, Cloud APIs used, operations and examples of using RVaaS. Risks can be calculated within seconds and presented in the form of Visualization to ensure that unexploited areas are exposed. RVaaS operates in two phases. The first phase includes the risk modeling in Black Scholes Model (BSM), creating 3D Visualization and Analysis. The second phase consists of calculating key derivatives such as Delta and Theta for financial modeling. Risk presented in visualization allow the potential investors and stakeholders to keep track of the status of risk with regard to time, prices and volatility. Results in experiments show that RVaaS can perform up to 500,000 simulations and complete all simulations within 22 seconds. RVaaS provides a structured way to deploy low cost, high quality risk assessment and support real-time calculations.
Risk Visualization as a Service, Black Scholes Model, high-performing risk analysis
Chang, Victor
a7c75287-b649-4a63-a26c-6af6f26525a4
4 April 2014
Chang, Victor
a7c75287-b649-4a63-a26c-6af6f26525a4
Chang, Victor
(2014)
Introduction to the Risk Visualization as a Service.
The first international workshop on Emerging Software as a Service and Analytics, Barcelona, Spain.
03 - 05 Apr 2014.
Record type:
Conference or Workshop Item
(Paper)
Abstract
This paper introduces the Risk Visualization as a Service (RVaaS) and presents the motivation, rationale, methodology, Cloud APIs used, operations and examples of using RVaaS. Risks can be calculated within seconds and presented in the form of Visualization to ensure that unexploited areas are exposed. RVaaS operates in two phases. The first phase includes the risk modeling in Black Scholes Model (BSM), creating 3D Visualization and Analysis. The second phase consists of calculating key derivatives such as Delta and Theta for financial modeling. Risk presented in visualization allow the potential investors and stakeholders to keep track of the status of risk with regard to time, prices and volatility. Results in experiments show that RVaaS can perform up to 500,000 simulations and complete all simulations within 22 seconds. RVaaS provides a structured way to deploy low cost, high quality risk assessment and support real-time calculations.
Text
VC_financial_cloud_CLOSER2014_submission.pdf
- Other
More information
Published date: 4 April 2014
Venue - Dates:
The first international workshop on Emerging Software as a Service and Analytics, Barcelona, Spain, 2014-04-03 - 2014-04-05
Keywords:
Risk Visualization as a Service, Black Scholes Model, high-performing risk analysis
Organisations:
Electronics & Computer Science, Electronic & Software Systems
Identifiers
Local EPrints ID: 362529
URI: http://eprints.soton.ac.uk/id/eprint/362529
PURE UUID: 6e69c626-a1bc-4f11-bf39-66a978623282
Catalogue record
Date deposited: 25 Feb 2014 13:39
Last modified: 14 Mar 2024 16:09
Export record
Contributors
Author:
Victor Chang
Download statistics
Downloads from ePrints over the past year. Other digital versions may also be available to download e.g. from the publisher's website.
View more statistics