Other Resources
For more advanced and extensive assistance with risk management and associated tools, try the Risk Metrics Group. Their flagship risk application is RiskManager. RiskManager provides a secure web-based interface to the entire suite of RiskMetrics’ analytics, risk reporting, market data, and security master data to offer a fully integrated risk solution. The application allows users to run ad-hoc analyses on-demand, design stress scenarios, perform what-if analyses to rebalance portfolios, produce custom reports, and automate overnight batch processing. RiskManager’s sophisticated risk solutions allow clients to manage risk across multiple asset classes, from the security level up to the enterprise-wide level. With its highly efficient workflow, new modeling transparency, and sophisticated reporting features, RiskManager is an enterprise-wide solution for risk managers at leading financial institutions.
Similarly, visit Risk Grades where you may analyze your personal portfolio. The Risk Grades folks recommend these three steps to better investment decisions:
Identify your risks
Enter your portfolio into the My Portfolio function. Check the RiskGrades of each asset to see how risky they are.
Measure your risks
Is your portfolio RiskGrade within your risk tolerance level? See how your portfolio RiskGrade compares to other investors.
Manage your risks
Use the What If function to see the impact on your RiskGrade of selling a particular asset or adding a new one.