Risk Analysis of Wind Energy Company Stocks

• Main Author: Jiang, Xin
• Format: Others
• Language: English
• Published: Linnéuniversitetet, Institutionen för matematik (MA) 2020
• Subjects: Probability theory; risk analysis; variance; value at risk; conditional value at risk.; Mathematics; Matematik
• Online Access: http://urn.kb.se/resolve?urn=urn:nbn:se:lnu:diva-98039

In this thesis, probability theory and risk analysis are used to determine the riskof wind energy stocks. Three stocks of wind energy companies and three stocksof technology companies are gathered and risks are compared. Three difffferent riskmeasures: variance, value at risk, and conditional value at risk are used in this thesis.Conclusions which has been drawn, are that wind energy company stock risks arenot signifificantly lower than the stocks of other companies. Furthermore, optimalportfolios should include short positions of one or two of the energy companies forthe studied time period and under the difffferent risk measures.