Navigare tra i rischi sui mercati finanziari Il concetto di rischio finanziario e la sua gestione

The thesis is split into two sections linked to each other. The first one is more theoretical where the aim is to describe the risks on markets. First of all, it is important to underline that there are two types of risk. The first is an endogenous one; the key is primarily to define the market risk. Then, there are others risks such as the interest rate risk, the exchange rate risk, the equity and commodity ones. After this deeply discussion, it becomes fundamental to illustrate how it is possible to measure and reduce them through measurements such as value-at-risk, Sortino index, Beta coefficient, hedging strategies. The second type of risk is exogenous to financial markets, but nevertheless, it is able to negatively/positively affects the markets. The perfect examples are the macroeconomic influences and political ones such as elections and wars. The second part of the paper is both actual and practical. As a matter of fact, it is necessary to show how 2024 will be for financial markets. For doing that, it is essential to explain the macroeconomic situations and illustrate how they want to operate in this year in order to keep moving forward the economic growth. In addition to that, 2024 is an important year from a political point of view. Indeed, almost the half of the entire population will vote such as in the United States of America, India, Europe and others. Therefore, it become fundamental to underline how political elections can influence the financial markets too. Taking everything into consideration, understood nowadays risks on financial markets and the possible movement of Central Banks in 2024, it is time to show a hypothetical portfolio allocation that an investor can undertake. To do that, first of all it is important to explain how operate correctly in the bond market, commodity one and equity market in which it is essential to underline the better sectors to take into account.