Greeks (finance)

Greeks (finance)

In mathematical finance, the Greeks are the quantities representing the sensitivities 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 often denoted by Greek letters. Collectively these have also been called the risk sensitivities, risk measures or hedge parameters.

Read more about Greeks (finance):  Use of The Greeks, Greeks For Multi-asset Options, Formulas For Vanilla Option Greeks

Famous quotes containing the word greeks:

    The Greeks have snatched up their spears.
    They have pointed the helms of their ships
    Toward the bulwarks of Troy.
    Hilda Doolittle (1886–1961)