Extreme and inference for tail Gini functionals with applications in tail risk measurement

Y Hou, X Wang - Journal of the American Statistical Association, 2021 - Taylor & Francis
Tail risk analysis focuses on the problem of risk measurement on the tail regions of financial
variables. As one crucial task in tail risk analysis for risk management, the measurement of …

Marginal expected shortfall inference under multivariate regular variation

SA Padoan, S Rizzelli, M Schiavone - arxiv preprint arxiv:2304.07578, 2023 - arxiv.org
Marginal expected shortfall is unquestionably one of the most popular systemic risk
measures. Studying its extreme behaviour is particularly relevant for risk protection against …

Extreme value techniques for stress scenario selection under elliptical symmetry and beyond

M Zhou, N Nolde - Statistics & Risk Modeling, 2025 - degruyter.com
The paper considers the problem of stress scenario selection, known as reverse stress
testing, in the context of portfolios of financial assets. Stress scenarios are loosely defined as …

Extreme value modelling with application to reverse stress testing

M Zhou - 2024 - open.library.ubc.ca
Reverse stress testing of a financial portfolio aims to identify scenarios for risk factor
changes that lead to a specified adverse portfolio outcome. The stress scenarios of interest …