Greeks (finance)

In mathematical finance, the Greeks are the quantities representing the sensitivity of the price of derivatives such as options to a change in underlying parameters on which the value of an instrument or portfolio of financial instruments is dependent. The name is used because the most common of these sensitivities are denoted by Greek letters (as are some other finance measures). Collectively these have also been called the risk sensitivities,risk measures or hedge parameters.

Use of the Greeks

The Greeks are vital tools in risk management. Each Greek measures the sensitivity of the value of a portfolio to a small change in a given underlying parameter, so that component risks may be treated in isolation, and the portfolio rebalanced accordingly to achieve a desired exposure; see for example delta hedging.

The Greeks in the Black–Scholes model are relatively easy to calculate, a desirable property of financial models, and are very useful for derivatives traders, especially those who seek to hedge their portfolios from adverse changes in market conditions. For this reason, those Greeks which are particularly useful for hedging—such as delta, theta, and vega—are well-defined for measuring changes in Price, Time and Volatility. Although rho is a primary input into the Black–Scholes model, the overall impact on the value of an option corresponding to changes in the risk-free interest rate is generally insignificant and therefore higher-order derivatives involving the risk-free interest rate are not common.

Color (EP)

Color is the second EP by Japanese visual kei band, Girugamesh, released on July 7, 2010.

Track listing

Personnel

References

Color (band)

Color (stylized as COLOR) was a Japanese punk band formed in 1985 by Dynamite Tommy, who founded the Free-Will record label a year later. They are considered to be important to the formation of visual kei. Their debut album Gekitotsu was named one of the top albums from 1989-1998 in a 2004 issue of the music magazine Band Yarouze.

History

Color released their debut album Gekitotsu, in January 1988. After releasing their second album Fools! Get Lucky!!, they signed to Crown Records and released their only major studio album a couple months later, Ask the Angels. It is said that the label made the band rewrite the album's lyrics, which were originally in English, in Japanese to be more accessible by the mainstream. It seemed to have worked, as Ask the Angels reached number 16 on the Oricon chart and their popularity increased. However, in January 1990 at a concert on the album's tour, in their hometown of Osaka, a fan was accidentally stomped to death. The band decided to lay low and avoid media, they ended up losing their contract with Crown. During this hiatus, Tommy formed Sister's No Future with Ken-chan (Kamaitachi), while Marry started Goatcore with You Adachi (Dead End).

Storage

Storage may refer to:

Storage of goods

Containers

Information storage

Other

See also

Storage of wine

Storage of wine is an important consideration for wine that is being kept for long-term aging. While most wine is consumed within 24 hours of purchase, fine wines are often set aside for long-term storage. Wine is one of the few commodities that can improve with age, but it can also rapidly deteriorate if kept in inadequate conditions. The three factors that have the most direct impact on a wine's condition are light, humidity, and temperature. Historically, the storage of wine was handled by wine merchants. Since the mid-20th century, however, consumers have been increasingly storing their own wine in home-based wine cellars.

Conditions affecting wine

The three factors that have the most pronounced effect on wine in storage are light, humidity, and temperature.

Light

Strong, direct sunlight or incandescent light can adversely react with phenolic compounds in wine and create potential wine faults. Delicate, light-bodied white wines run the greatest risk from light exposure, and for that reason, they are often packaged in darkly tinted wine bottles that offer some protection from the light. Wines packaged in clear, light green and blue colored bottles are the most vulnerable to light, and may need extra precautions for storage. For example, the Champagne house of Louis Roederer uses cellophane wrap to protect its premium cuvee Cristal from light, the wine being packaged in a clear bottle. In the cellar, wines are stored in corrugated boxes or wooden crates to protect the wines from direct light.

Storage (memory)

Memory is the ability of the mind to store and recall information that was previously acquired. Memory is processed through three fundamental processing stages: storage, encoding, and retrieval. Storing refers to the process of placing newly acquired information into memory, which is modified in the brain for easier storage. Encoding this information makes the process of retrieval easier for the brain where it can be recalled and brought into conscious thinking. Modern memory psychology differentiates between the two distinct types of memory storage: short-term memory and long-term memory. In addition, different memory models have suggested variations of existing short- and long-term memory to account for different ways of storing memory.

Types of memory storage

Short-term memory