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).

Sound

In physics, sound is a vibration that propagates as a typically audible mechanical wave of pressure and displacement, through a medium such as air or water. In physiology and psychology, sound is the reception of such waves and their perception by the brain.

Acoustics

Acoustics is the interdisciplinary science that deals with the study of mechanical waves in gases, liquids, and solids including vibration, sound, ultrasound, and infrasound. A scientist who works in the field of acoustics is an acoustician, while someone working in the field of acoustical engineering may be called an acoustical engineer. An audio engineer, on the other hand is concerned with the recording, manipulation, mixing, and reproduction of sound.

Applications of acoustics are found in almost all aspects of modern society, subdisciplines include aeroacoustics, audio signal processing, architectural acoustics, bioacoustics, electro-acoustics, environmental noise, musical acoustics, noise control, psychoacoustics, speech, ultrasound, underwater acoustics, and vibration.

Urethral sounding

Sounding or urethral sounding is the medical use of probes called sounds to increase the inner diameter of the urethra and to locate obstructions in it. Sounds are also used to stretch the urethra in order to receive genital piercing.

Urethral sounding and urethral play are also used to refer to this practice in a sexual context.

Urethral play can involve the introduction of either soft or rigid items into the meatus of the penis (as well as farther in). Objects such as sounds are usually only inserted about halfway into the glans and can usually be easily retrieved. Other toys and items, such as catheters, may be introduced deeper; in some cases even into the bladder. Some items may even be allowed to curl several times or expand within the bladder. This action in the male may be directly or indirectly associated with stimulation of the prostate gland and some types of bladder control.

Risks

If not conducted carefully, sounding carries a risk of irritation, tearing of the urethra, or of urinary tract infection. Infections may become serious if they progress to the bladder or kidneys, and should be referred to a doctor.

Sound (medical instrument)

In medicine, sounds are instruments for probing and dilating passages within the body, the best-known examples of which are urethral sounds and uterine sounds. Some people enjoy using them for urethral play.

Urethral sounds

Urethral sounds are designed to be inserted into the male or female urethra, for the purpose of stretching or unblocking a stricture. There are a number of different types of urethral sounds:

Uterine sounds

These sounds or dilators are intended for probing a woman's uterus through the cervix, to measure the length and direction of the cervical canal and uterus, to determine the level of dilation, or to induce further dilation.