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Recent content by amit.m.sharma

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    COVID-19 - Update from GARP Regarding May 2020 Exam

    If the exams were electronic and a testing center could be booked for small groups of people...
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    GARP 2020 Books - Question 5.10

    Agreed. In my excitement to solve the problem quickly I didn’t realize that I should have looked at minimizing the function w1^2*0.04+(1-w1)^2*0.16-2*w1*(1-w1)*0.08 Differentiating by w1 and setting to 0 gives 0.08*w1+0.32*(1-w1)*(-1)-0.16*(1-2*w1) = 0 i.e., (0.08+0.32+0.32)*w1 = 0.48 So, w1 =...
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    GARP 2020 Books - Question 5.10

    If you remove the restriction of the weighting then the portfolio volatility ranges between 10% and 40%. The volatility is lowest when rho =-1 and w1*(1-w1) is maximized. Using derivatives you can show the maximium occurs when w1 = 0.5. So the lowest volatility is 10% and it occurs when...
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    GARP 2020 Books - Question 5.10

    Not sure if this is already covered in the notes but a portfolio with 50% investment in 2 stocks simplifies the calculation for the range of volatility of the portfolio. Portfolio volatility = SQRT (w1^2*sigma1^2 + w2^2*sigma2^2+ 2*rho*w1*w2*sigma1*sigma2) if w1 = w2 = 0.5, Portfolio volatility...
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    GARP 2020 Books - Question 5.10

    Portfolio volatility = SQRT (w1^2*sigma1^2 + w2^2*sigma2^2+ 2*rho*w1*w2*sigma1*sigma2) w1 =w2 = 0.5 sigma1 = 0.2 sigma2 = 0.4 rho can be anywhere between -1 and +1. So, calculate the portfolio volatility when rho = -1 and again when rho = +1. This will give you the two limits for the portfolio...
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    Exam Feedback November 2019 Part 2 Exam Feedback

    Now that you have confirmed that your work experience is verified I would like to reply to your message. 1. I’ve stated the approximate time of my submission more than once in this thread. If I had submitted my work experience before you then why shouldn’t my work experience get verified first...
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    Exam Feedback November 2019 Part 2 Exam Feedback

    I'm not a software developer
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    Exam Feedback November 2019 Part 2 Exam Feedback

    I don't work in the risk department but I've been working for an FX, CFD brokerage firm in the projects/products team. I discussed how we identified some obvious risks in current processes and then incorporated risk mitigation techniques in our IT projects for internal users. Also, there was a...
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    Exam Feedback November 2019 Part 2 Exam Feedback

    I've received my certification approval few minutes ago....i had submitted the work experience around 15 mins after the results were announced
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    Exam Feedback November 2019 Part 2 Exam Feedback

    You can go to Manage your emails and then uncheck the box for FRM exam updates.
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    Exam Feedback November 2019 Part 2 Exam Feedback

    Good luck! I was alluding to the My Programs section in the GARP portal. Each time you log in and go to this page you are hoping there is an update about the work experience but there is no update. So your eyes start scanning the page aimlessly and you see this innocent link at the bottom of the...
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    Exam Feedback November 2019 Part 2 Exam Feedback

    While you wait, you can consider another program - ERP :)
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    Exam Feedback November 2019 Part 2 Exam Feedback

    No response yet....work experience submitted around 00:15 AM Jan 2
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    Exam Feedback November 2019 Part 2 Exam Feedback

    That avatar looks a little risky to me lol
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    Exam Feedback November 2019 Part 2 Exam Feedback

    Must be some sophisticated AI approving some job experience description automatically.
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