Does Convertible Arbitrage Risk Exposure Vary Through Time?

2015 ◽  
Author(s):  
Liam A. Gallagher ◽  
Mark C. Hutchinson ◽  
John J. O'Brien
Keyword(s):  
Risk Exposure ◽  
Arbitrage Risk

Risk Factors of Collateralized Loan Obligations and Corporate Bonds

2020 ◽  
Vol 32 (6) ◽  
pp. 347-355
Author(s):  
Mark Wahrenburg ◽  
Andreas Barth ◽  
Mohammad Izadi ◽  
Anas Rahhal
Keyword(s):  
Risk Factors ◽  
Risk Factor ◽  
Asset Pricing ◽  
Systemic Risk ◽  
Corporate Bonds ◽  
Risk Exposure ◽  
Expected Returns ◽  
Yield Spreads ◽  
Pricing Factors ◽  
Return Difference

AbstractStructured products like collateralized loan obligations (CLOs) tend to offer significantly higher yield spreads than corporate bonds (CBs) with the same rating. At the same time, empirical evidence does not indicate that this higher yield is reduced by higher default losses of CLOs. The evidence thus suggests that CLOs offer higher expected returns compared to CB with similar credit risk. This study aims to analyze whether this return difference is captured by asset pricing factors. We show that market risk is the predominant risk factor for both CBs and CLOs. CLO investors, however, additionally demand a premium for their risk exposure towards systemic risk. This premium is inversely related to the rating class of the CLO.

Oil Risk Exposure and Expected Stock Returns

2014 ◽  
Author(s):  
Peter Christoffersen ◽  
Xuhui (Nick) Pan
Keyword(s):  
Stock Returns ◽  
Risk Exposure ◽  
Expected Stock Returns

COVID−19 and Oil Price Risk Exposure

2020 ◽  
Author(s):  
Md Akhtaruzzaman ◽  
Sabri Boubaker ◽  
Mardy Chiah ◽  
Angel Zhong
Keyword(s):  
Oil Price ◽  
Risk Exposure ◽  
Price Risk ◽  
Oil Price Risk

Development of a risk-based tool for groundwater well rehabilitation and replacement decisions

2019 ◽  
Vol 68 (6) ◽  
pp. 411-419 ◽  
Author(s):  
Gamze Güngör-Demirci ◽  
Juneseok Lee ◽  
Jonathan Keck ◽  
Stephen J. Harrison ◽  
Geoffrey Bates
Keyword(s):  
Water Utilities ◽  
Risk Exposure ◽  
Decision Making Process ◽  
Business Risk ◽  
California Water ◽  
Operational Costs ◽  
Replacement Decisions ◽  
Well Rehabilitation ◽  
Hierarchy Process ◽  
Financial Regulatory

Abstract Groundwater wells are critical drinking water infrastructure elements that widely support basic system supply needs while also providing supply reliability, better water quality (in some cases), and comparatively lower operational costs. Well rehabilitation and replacement are thus an area where water utilities could benefit from rational decision support frameworks and quantitative tools that enable them to better navigate the complex trade-off relationship(s) that exist among a variety of environmental quality, public health, financial, regulatory, organizational, and technological dimensions. Consistent with these considerations, a business risk-based prioritization tool was developed for this study that augments/extends California Water Service (Cal Water)'s well rehabilitation and the replacement decision-making process. For this derivation, a business risk exposure methodology is combined with an analytical hierarchy process (AHP), with the AHP being utilized to determine the weights of the factors involved in the likelihood of failure and the consequence of failure calculation. It is expected that the new tool will assist in optimizing inspection and action plans and identify the wells requiring attention and/or additional work for water utilities.

scholarly journals Evaluation of a home-based 7-day infection control strategy for healthcare workers following high-risk exposure to severe acute respiratory coronavirus virus 2 (SARS-CoV-2): A cohort study

2020 ◽  
pp. 1-4
Author(s):  
Carla Benea ◽  
Laura Rendon ◽  
Jesse Papenburg ◽  
Charles Frenette ◽  
Ahmed Imacoudene ◽  
...  
Keyword(s):  
High Risk ◽  
Infection Control ◽  
Control Strategy ◽  
Healthcare Workers ◽  
Control Strategies ◽  
Risk Exposure ◽  
Nasopharyngeal Swab ◽  
Home Based ◽  
Respiratory Coronavirus ◽  
Second Wave

Abstract Objective: Evidence-based infection control strategies are needed for healthcare workers (HCWs) following high-risk exposure to severe acute respiratory coronavirus virus 2 (SARS-CoV-2). In this study, we evaluated the negative predictive value (NPV) of a home-based 7-day infection control strategy. Methods: HCWs advised by their infection control or occupational health officer to self-isolate due to a high-risk SARS-CoV-2 exposure were enrolled between May and October 2020. The strategy consisted of symptom-triggered nasopharyngeal SARS-CoV-2 RNA testing from day 0 to day 7 after exposure and standardized home-based nasopharyngeal swab and saliva testing on day 7. The NPV of this strategy was calculated for (1) clinical coronavirus disease 2019 (COVID-19) diagnosis from day 8–14 after exposure, and for (2) asymptomatic SARS-CoV-2 detected by standardized nasopharyngeal swab and saliva specimens collected at days 9, 10, and 14 after exposure. Interim results are reported in the context of a second wave threatening this essential workforce. Results: Among 30 HCWs enrolled, the mean age was 31 years (SD, ±9), and 24 (80%) were female. Moreover, 3 were diagnosed with COVID-19 by day 14 after exposure (secondary attack rate, 10.0%), and all cases were detected using the 7-day infection control strategy: the NPV for subsequent clinical COVID-19 or asymptomatic SARS-CoV-2 detection by day 14 was 100.0% (95% CI, 93.1%–100.0%). Conclusions: Among HCWs with high-risk exposure to SARS-CoV-2, a home-based 7-day infection control strategy may have a high NPV for subsequent COVID-19 and asymptomatic SARS-CoV-2 detection. Ongoing data collection and data sharing are needed to improve the precision of the estimated NPV, and here we report interim results to inform infection control strategies in light of a second wave threatening this essential workforce.

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