Modeling and Risk Analysis Using Parametric Distributions with an Application in Equity-Linked Securities

<table class="table-group" id="tab9"><tr><td><table class="table"><tr><td class="thead-hr" colspan="2"><hr/></td></tr><tr class="thead"><td class="align_left"> </td><td class="align_center">Best-fit distribution</td></tr><tr><td class="thead-hr" colspan="2"><hr/></td></tr><tr><td class="align_left">HSCEI</td><td class="align_center">Generalized hyperbolic</td></tr><tr><td class="align_left">KOSPI 200</td><td class="align_center">Variance gamma</td></tr><tr><td class="align_left">S&amp;P 500</td><td class="align_center">Generalized hyperbolic</td></tr><tr><td class="align_left">EURO STOXX 50</td><td class="align_center">Hyperbolic</td></tr><tr class="table-tr"><td colspan="2"><hr class="tbody-hr"/></td></tr></table></td></tr></table>

<div>The best-fit distribution model for each index.</div>

Mathematical Problems in Engineering

tab9

Table 9

Table 9: Modeling and Risk Analysis Using Parametric Distributions with an Application in Equity-Linked Securities 