On the risk measurement of financial investments with uncertain investment timings

Abstract

It is well known that market risk depends on investment timings. Traditional investment theories measure market risk of investments assuming that timings are fixed, conseqeuntly risk evaluation given by traditional methods are not convincing for investments where timings are not determined in advance.

This study will suggest several ways for measuring market risk of investments with uncertain investment timings, aiming at providing methods to measure market risk for more real investments.