New Investment Products Service!
The New EU Regulation
(EU) 2017/653 enters into force in January 2018 and has important consequences to retail clients that purchase investment products and life insurance products (PRIIPs), and the financial sectors that manufacture said.
How it affects me
Basically, an adviser may not legally sell said products without first producing a 3 page document to the retail client. This document includes risk indicators and performance scenarios that are non-trivial to calculate.
New Virtual Assistant Service!
Risk Butler says
"Welcome to Risk Butler! I forecast stock prices and more. To get started say, for example: TELL ME ABOUT NETFLIX"
You ask (or answer)
Examples of questions
Note: response to first question is slow, thereafter it is quick in responding.
Stock exchanges included:
- Americas: NYSE, NASDAQ, Toronto, São Paulo
- Europe: Copenhagen, Frankfurt, Helsinki, London, Moscow, Paris, Stockholm
- Asia: Hong Kong, Tokyo
If several stock symbols match your inquiry Risk Butler will make a priority according to size of stock market: New York, NASDAQ, London, Tokyo - in that order.
We are continuously working to make the search match better and to make it easier for you to get exactly the stock ticker you want. Sorry for inconveniences due to misunderstandings by Risk Butler.
Language: This assistant speaks and understands English.
Forecast time horizon: 30 calendar days (1 month)
Machine learning is used to simulate the forecasts: Currently two well-known stochastic models are used.
10.000 Monte Carlo simulations are used for the calculations. "Chance" is measured as the average of simulations between the 99 percent quantile and maximum, and "Risk" is measured as the average of simulations between minimum and the 1 percent quantile. The risk measure is also known as Expected Shortfall.
Risk calculations are solely based on recent past movements of the stock in question, meaning that if future movements turn out to be much different then the forecast will not reflect this new behavior. We have better models but they are too slow to respond in the time required for a quick correspondance.
Your profit or loss can be higher than reported.
This assistant is a Beta version.
Ask about foreign exchange risk
Talk to Risk Butler about foreign exchange risk, to get started, say:
- "I am exporting goods"
- "I am making a trade"
- "We are importing services"
- or generally say: Invest, Trade, Export or Import!
Text: All major browsers, thus type in a question and press keyboard:Return
Speak: Chrome-browser-only (currently) as it is new technology.
Available on Facebook-Messenger
Available on Facebook-Messenger too, simply:
- "Search" for "RiskButler.com", select it, and
- "Type a message" to Risk Butler, for example, "Talk to Risk Butler"