{"product_id":"9798868815294","title":"Quantitative Risk Management Using Python: An Essential Guide for Managing Market, Credit, and Model Risk","description":"\u003ch1\u003eQuantitative Risk Management Using Python: An Essential Guide for Managing Market, Credit, and Model Risk\u003c\/h1\u003e \u003ch2\u003eLiu, Peng\u003c\/h2\u003e \u003cp\u003e\u003c\/p\u003e\u003cp class=\"MsoNormal\"\u003e\u003cspan lang=\"EN-IN\" style=\"font-size: 12.0pt; line-height: 115%; font-family: 'Arial',sans-serif; mso-fareast-font-family: 'Times New Roman'; mso-font-kerning: 0pt;\"\u003eGain an understanding of various financial risks, the benefits of portfolio diversification, and the fundamental trade-off between risk and return. This book takes an in-depth journey into the world of quantitative risk management using Python, focusing on credit and market risk, with an extension to model risk.\u003c\/span\u003e\u003c\/p\u003e\n\u003cp class=\"MsoNormal\" style=\"mso-margin-top-alt: auto; mso-margin-bottom-alt: auto; line-height: normal; mso-pagination: widow-orphan; mso-hyphenate: auto; text-autospace: ideograph-numeric ideograph-other; mso-vertical-align-alt: auto;\"\u003e\u003cspan lang=\"EN-IN\" style=\"font-size: 12.0pt; font-family: 'Arial',sans-serif; mso-fareast-font-family: 'Times New Roman'; mso-font-kerning: 0pt;\"\u003eYou'll start by reviewing the different types of financial risk, the benefit of diversification in a portfolio, and the fundamental trade-off between risk and return. The book then offers an in-depth look at managing credit and market risk in today's dynamic markets, all with practical Python implementations. Moving on, you’ll examine common hedging strategies used to manage investment positions, along with practical implementations on evaluating risk-adjusted, as well as downside risk measures. Finally, you’ll be introduced to common risks related to the development and use of machine learning models in finance. \u003c\/span\u003e\u003c\/p\u003e\n\u003cp class=\"MsoNormal\" style=\"mso-margin-top-alt: auto; mso-margin-bottom-alt: auto; line-height: normal; mso-pagination: widow-orphan; mso-hyphenate: auto; text-autospace: ideograph-numeric ideograph-other; mso-vertical-align-alt: auto;\"\u003e\u003cspan lang=\"EN-IN\" style=\"font-size: 12.0pt; font-family: 'Arial',sans-serif; mso-fareast-font-family: 'Times New Roman'; mso-font-kerning: 0pt;\"\u003eWhether you're a finance professional, academic, or student, \u003c\/span\u003e\u003cem\u003e\u003cspan lang=\"EN-IN\" style=\"font-size: 12.0pt; font-family: 'Arial',sans-serif; mso-fareast-font-family: Cambria;\"\u003eQuantitative Risk Management Using Python\u003c\/span\u003e\u003c\/em\u003e\u003cspan lang=\"EN-IN\" style=\"font-size: 12.0pt; font-family: 'Arial',sans-serif; mso-fareast-font-family: Cambria;\"\u003e will\u003c\/span\u003e\u003cspan lang=\"EN-IN\" style=\"font-size: 12.0pt; font-family: 'Arial',sans-serif; mso-fareast-font-family: 'Times New Roman'; mso-font-kerning: 0pt;\"\u003e empower you to make informed decisions in today's complex financial landscape.\u003c\/span\u003e\u003c\/p\u003e\n\u003cp class=\"MsoNormal\" style=\"mso-margin-top-alt: auto; mso-margin-bottom-alt: auto; line-height: normal; mso-pagination: widow-orphan; mso-hyphenate: auto; text-autospace: ideograph-numeric ideograph-other; mso-vertical-align-alt: auto; mso-prop-change: 'James Markham' 20250324T1350;\"\u003e\u003cstrong\u003e\u003cspan lang=\"EN-IN\" style=\"font-size: 12.0pt; font-family: 'Arial',sans-serif; mso-fareast-font-family: 'Times New Roman'; mso-font-kerning: 0pt;\"\u003eWhat You Will Learn\u003c\/span\u003e\u003c\/strong\u003e\u003c\/p\u003e\n\u003cul\u003e\n\u003cli class=\"MsoNormal\" style=\"line-height: normal;\"\u003e\u003cspan lang=\"EN-IN\" style=\"font-size: 12.0pt; font-family: 'Arial',sans-serif; mso-fareast-font-family: 'Times New Roman'; mso-font-kerning: 0pt;\"\u003eExplore techniques to assess and manage the risk of default by borrowers or counterparties.\u003c\/span\u003e\u003c\/li\u003e\n\u003cli class=\"MsoNormal\" style=\"line-height: normal;\"\u003e\u003cspan lang=\"EN-IN\" style=\"font-size: 12.0pt; font-family: 'Arial',sans-serif; mso-fareast-font-family: 'Times New Roman'; mso-font-kerning: 0pt;\"\u003eIdentify, measure, and mitigate risks arising from fluctuations in market prices.\u003c\/span\u003e\u003c\/li\u003e\n\u003cli class=\"MsoNormal\" style=\"line-height: normal;\"\u003e\u003cspan lang=\"EN-IN\" style=\"font-size: 12.0pt; font-family: 'Arial',sans-serif; mso-fareast-font-family: 'Times New Roman'; mso-font-kerning: 0pt;\"\u003eUnderstand how derivatives can be employed for risk management purposes.\u003c\/span\u003e\u003c\/li\u003e\n\u003cli class=\"MsoNormal\" style=\"line-height: normal;\"\u003e\u003cspan lang=\"EN-IN\" style=\"font-size: 12.0pt; font-family: 'Arial',sans-serif; mso-fareast-font-family: 'Times New Roman'; mso-font-kerning: 0pt;\"\u003eDelve into both static and dynamic hedging techniques to protect investment positions, including practical applications for evaluating risk-adjusted and downside risk measures.\u003c\/span\u003e\u003c\/li\u003e\n\u003cli class=\"MsoNormal\" style=\"line-height: normal;\"\u003e\u003cspan lang=\"EN-IN\" style=\"font-size: 12.0pt; font-family: 'Arial',sans-serif; mso-fareast-font-family: 'Times New Roman'; mso-font-kerning: 0pt;\"\u003eIdentify and address risks associated with the development and deployment of machine learning models in financial contexts. \u003c\/span\u003e\u003c\/li\u003e\n\u003c\/ul\u003e\n\u003cp class=\"MsoNormal\" style=\"mso-margin-top-alt: auto; mso-margin-bottom-alt: auto; line-height: normal; mso-pagination: widow-orphan; mso-hyphenate: auto; text-autospace: ideograph-numeric ideograph-other; mso-vertical-align-alt: auto;\"\u003e\u003cstrong\u003e\u003cspan lang=\"EN-IN\" style=\"font-size: 12.0pt; font-family: 'Arial',sans-serif; mso-fareast-font-family: 'Times New Roman'; mso-font-kerning: 0pt;\"\u003eWho This Book Is For\u003c\/span\u003e\u003c\/strong\u003e\u003c\/p\u003e\n\u003cp class=\"MsoNormal\" style=\"mso-margin-top-alt: auto; mso-margin-bottom-alt: auto; line-height: normal; mso-pagination: widow-orphan; mso-hyphenate: auto; text-autospace: ideograph-numeric ideograph-other; mso-vertical-align-alt: auto;\"\u003e\u003cspan lang=\"EN-IN\" style=\"font-size: 12.0pt; font-family: 'Arial',sans-serif; mso-fareast-font-family: 'Times New Roman'; mso-font-kerning: 0pt;\"\u003eFinance professionals, academics, and students seeking to deepen their understanding of Quantitative Risk Management using Python, especially those interested in navigating the intricate domains of credit, market and model risk within the financial sector and beyond.\u003c\/span\u003e\u003c\/p\u003e \u003ch3\u003eDetails\u003c\/h3\u003e \u003cp\u003ePublished by: Apress\u003c\/p\u003e \u003cp\u003ePublication Date: 2025-09-03\u003c\/p\u003e \u003cp\u003eFormat: Paperback\u003c\/p\u003e \u003cp\u003eISBN-13: 9798868815294\u003c\/p\u003e \u003cp\u003eDOI: 10.1007\/979-8-8688-1530-0\u003c\/p\u003e \u003cp\u003eDimensions: 235cm x155cm\u003c\/p\u003e \u003cp\u003ePages: 238\u003c\/p\u003e ","brand":"Apress","offers":[{"title":"Default Title","offer_id":44334686273676,"sku":"9798868815294","price":49.49,"currency_code":"USD","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0710\/9545\/1788\/files\/9798868815294_317f4969-799d-4c33-a396-953879f6e521.jpg?v=1775066296","url":"https:\/\/lateknightbooks.com\/products\/9798868815294","provider":"Late Knight Books and Services, LLC","version":"1.0","type":"link"}