| 1 | /* -*- mode: c++; tab-width: 4; indent-tabs-mode: nil; c-basic-offset: 4 -*- */ |
| 2 | |
| 3 | /* |
| 4 | Copyright (C) 2003 Ferdinando Ametrano |
| 5 | Copyright (C) 2003 RiskMap srl |
| 6 | |
| 7 | This file is part of QuantLib, a free-software/open-source library |
| 8 | for financial quantitative analysts and developers - http://quantlib.org/ |
| 9 | |
| 10 | QuantLib is free software: you can redistribute it and/or modify it |
| 11 | under the terms of the QuantLib license. You should have received a |
| 12 | copy of the license along with this program; if not, please email |
| 13 | <quantlib-dev@lists.sf.net>. The license is also available online at |
| 14 | <http://quantlib.org/license.shtml>. |
| 15 | |
| 16 | This program is distributed in the hope that it will be useful, but WITHOUT |
| 17 | ANY WARRANTY; without even the implied warranty of MERCHANTABILITY or FITNESS |
| 18 | FOR A PARTICULAR PURPOSE. See the license for more details. |
| 19 | */ |
| 20 | |
| 21 | #include "riskstats.hpp" |
| 22 | #include "utilities.hpp" |
| 23 | #include <ql/math/statistics/riskstatistics.hpp> |
| 24 | #include <ql/math/statistics/incrementalstatistics.hpp> |
| 25 | #include <ql/math/statistics/sequencestatistics.hpp> |
| 26 | #include <ql/math/randomnumbers/sobolrsg.hpp> |
| 27 | #include <ql/math/comparison.hpp> |
| 28 | |
| 29 | using namespace QuantLib; |
| 30 | using namespace boost::unit_test_framework; |
| 31 | |
| 32 | void RiskStatisticsTest::testResults() { |
| 33 | |
| 34 | BOOST_TEST_MESSAGE("Testing risk measures..." ); |
| 35 | |
| 36 | GenericGaussianStatistics<IncrementalStatistics> igs; |
| 37 | RiskStatistics s; |
| 38 | |
| 39 | Real averages[] = { -100.0, -1.0, 0.0, 1.0, 100.0 }; |
| 40 | Real sigmas[] = { 0.1, 1.0, 100.0 }; |
| 41 | Size i, j, k, N; |
| 42 | N = Size(std::pow(x: 2.0,y: 16))-1; |
| 43 | Real dataMin, dataMax; |
| 44 | std::vector<Real> data(N), weights(N); |
| 45 | |
| 46 | for (i=0; i<LENGTH(averages); i++) { |
| 47 | for (j=0; j<LENGTH(sigmas); j++) { |
| 48 | |
| 49 | NormalDistribution normal(averages[i],sigmas[j]); |
| 50 | CumulativeNormalDistribution cumulative(averages[i],sigmas[j]); |
| 51 | InverseCumulativeNormal inverseCum(averages[i],sigmas[j]); |
| 52 | |
| 53 | SobolRsg rng(1); |
| 54 | dataMin = QL_MAX_REAL; |
| 55 | dataMax = QL_MIN_REAL; |
| 56 | for (k=0; k<N; k++) { |
| 57 | data[k] = inverseCum(rng.nextSequence().value[0]); |
| 58 | dataMin = std::min(a: dataMin, b: data[k]); |
| 59 | dataMax = std::max(a: dataMax, b: data[k]); |
| 60 | weights[k]=1.0; |
| 61 | } |
| 62 | |
| 63 | igs.addSequence(begin: data.begin(),end: data.end(),wbegin: weights.begin()); |
| 64 | s.addSequence(begin: data.begin(),end: data.end(),wbegin: weights.begin()); |
| 65 | |
| 66 | // checks |
| 67 | Real calculated, expected; |
| 68 | Real tolerance; |
| 69 | |
| 70 | if (igs.samples() != N) |
| 71 | BOOST_FAIL("IncrementalGaussianStatistics: " |
| 72 | << "wrong number of samples\n" |
| 73 | << " calculated: " << igs.samples() << "\n" |
| 74 | << " expected: " << N); |
| 75 | if (s.samples() != N) |
| 76 | BOOST_FAIL("RiskStatistics: wrong number of samples\n" |
| 77 | << " calculated: " << s.samples() << "\n" |
| 78 | << " expected: " << N); |
| 79 | |
| 80 | |
| 81 | // weightSum() |
| 82 | tolerance = 1e-10; |
| 83 | expected = std::accumulate(first: weights.begin(),last: weights.end(),init: Real(0.0)); |
| 84 | calculated = igs.weightSum(); |
| 85 | if (std::fabs(x: calculated-expected) > tolerance) |
| 86 | BOOST_FAIL("IncrementalGaussianStatistics: " |
| 87 | << "wrong sum of weights\n" |
| 88 | << std::setprecision(16) |
| 89 | << " calculated: " << calculated << "\n" |
| 90 | << " expected: " << expected << "\n" |
| 91 | << " tolerance: " << tolerance); |
| 92 | calculated = s.weightSum(); |
| 93 | if (std::fabs(x: calculated-expected) > tolerance) |
| 94 | BOOST_FAIL("RiskStatistics: wrong sum of weights\n" |
| 95 | << std::setprecision(16) |
| 96 | << " calculated: " << calculated << "\n" |
| 97 | << " expected: " << expected << "\n" |
| 98 | << " tolerance: " << tolerance); |
| 99 | |
| 100 | |
| 101 | // min |
| 102 | tolerance = 1e-12; |
| 103 | expected = dataMin; |
| 104 | calculated = igs.min(); |
| 105 | if (std::fabs(x: calculated-expected)>tolerance) |
| 106 | BOOST_FAIL("IncrementalGaussianStatistics: " |
| 107 | << "wrong minimum value\n" |
| 108 | << std::setprecision(16) |
| 109 | << " calculated: " << calculated << "\n" |
| 110 | << " expected: " << expected << "\n" |
| 111 | << " tolerance: " << tolerance); |
| 112 | calculated = s.min(); |
| 113 | if (std::fabs(x: calculated-expected)>tolerance) |
| 114 | BOOST_FAIL("RiskStatistics: " |
| 115 | << "wrong minimum value\n" |
| 116 | << std::setprecision(16) |
| 117 | << " calculated: " << calculated << "\n" |
| 118 | << " expected: " << expected << "\n" |
| 119 | << " tolerance: " << tolerance); |
| 120 | |
| 121 | |
| 122 | // max |
| 123 | expected = dataMax; |
| 124 | calculated = igs.max(); |
| 125 | if (std::fabs(x: calculated-expected)>tolerance) |
| 126 | BOOST_FAIL("IncrementalGaussianStatistics: " |
| 127 | << "wrong maximum value\n" |
| 128 | << std::setprecision(16) |
| 129 | << " calculated: " << calculated << "\n" |
| 130 | << " expected: " << expected << "\n" |
| 131 | << " tolerance: " << tolerance); |
| 132 | calculated = s.max(); |
| 133 | if (std::fabs(x: calculated-expected)>tolerance) |
| 134 | BOOST_FAIL("RiskStatistics: " |
| 135 | << "wrong maximum value\n" |
| 136 | << std::setprecision(16) |
| 137 | << " calculated: " << calculated << "\n" |
| 138 | << " expected: " << expected << "\n" |
| 139 | << " tolerance: " << tolerance); |
| 140 | |
| 141 | |
| 142 | // mean |
| 143 | expected = averages[i]; |
| 144 | tolerance = (expected == 0.0 ? Real(1.0e-13) : |
| 145 | std::fabs(x: expected)*1.0e-13); |
| 146 | calculated = igs.mean(); |
| 147 | if (std::fabs(x: calculated-expected) > tolerance) |
| 148 | BOOST_FAIL("IncrementalGaussianStatistics: " |
| 149 | << "wrong mean value" |
| 150 | << " for N(" << averages[i] << ", " |
| 151 | << sigmas[j] << ")\n" |
| 152 | << std::setprecision(16) |
| 153 | << " calculated: " << calculated << "\n" |
| 154 | << " expected: " << expected << "\n" |
| 155 | << " tolerance: " << tolerance); |
| 156 | calculated = s.mean(); |
| 157 | if (std::fabs(x: calculated-expected) > tolerance) |
| 158 | BOOST_FAIL("RiskStatistics: wrong mean value" |
| 159 | << " for N(" << averages[i] << ", " |
| 160 | << sigmas[j] << ")\n" |
| 161 | << std::setprecision(16) |
| 162 | << " calculated: " << calculated << "\n" |
| 163 | << " expected: " << expected << "\n" |
| 164 | << " tolerance: " << tolerance); |
| 165 | |
| 166 | |
| 167 | // variance |
| 168 | expected = sigmas[j]*sigmas[j]; |
| 169 | tolerance = expected*1.0e-1; |
| 170 | calculated = igs.variance(); |
| 171 | if (std::fabs(x: calculated-expected) > tolerance) |
| 172 | BOOST_FAIL("IncrementalGaussianStatistics: " |
| 173 | << "wrong variance" |
| 174 | << " for N(" << averages[i] << ", " |
| 175 | << sigmas[j] << ")\n" |
| 176 | << std::setprecision(16) |
| 177 | << " calculated: " << calculated << "\n" |
| 178 | << " expected: " << expected << "\n" |
| 179 | << " tolerance: " << tolerance); |
| 180 | calculated = s.variance(); |
| 181 | if (std::fabs(x: calculated-expected) > tolerance) |
| 182 | BOOST_FAIL("RiskStatistics: wrong variance" |
| 183 | << " for N(" << averages[i] << ", " |
| 184 | << sigmas[j] << ")\n" |
| 185 | << std::setprecision(16) |
| 186 | << " calculated: " << calculated << "\n" |
| 187 | << " expected: " << expected << "\n" |
| 188 | << " tolerance: " << tolerance); |
| 189 | |
| 190 | |
| 191 | // standardDeviation |
| 192 | expected = sigmas[j]; |
| 193 | tolerance = expected*1.0e-1; |
| 194 | calculated = igs.standardDeviation(); |
| 195 | if (std::fabs(x: calculated-expected) > tolerance) |
| 196 | BOOST_FAIL("IncrementalGaussianStatistics: " |
| 197 | << "wrong standard deviation" |
| 198 | << " for N(" << averages[i] << ", " |
| 199 | << sigmas[j] << ")\n" |
| 200 | << std::setprecision(16) |
| 201 | << " calculated: " << calculated << "\n" |
| 202 | << " expected: " << expected << "\n" |
| 203 | << " tolerance: " << tolerance); |
| 204 | calculated = s.standardDeviation(); |
| 205 | if (std::fabs(x: calculated-expected) > tolerance) |
| 206 | BOOST_FAIL("RiskStatistics: wrong standard deviation" |
| 207 | << " for N(" << averages[i] << ", " |
| 208 | << sigmas[j] << ")\n" |
| 209 | << std::setprecision(16) |
| 210 | << " calculated: " << calculated << "\n" |
| 211 | << " expected: " << expected << "\n" |
| 212 | << " tolerance: " << tolerance); |
| 213 | |
| 214 | |
| 215 | // missing errorEstimate() test |
| 216 | |
| 217 | // skewness |
| 218 | expected = 0.0; |
| 219 | tolerance = 1.0e-4; |
| 220 | calculated = igs.skewness(); |
| 221 | if (std::fabs(x: calculated-expected) > tolerance) |
| 222 | BOOST_FAIL("IncrementalGaussianStatistics: " |
| 223 | << "wrong skewness" |
| 224 | << " for N(" << averages[i] << ", " |
| 225 | << sigmas[j] << ")\n" |
| 226 | << std::setprecision(16) |
| 227 | << " calculated: " << calculated << "\n" |
| 228 | << " expected: " << expected << "\n" |
| 229 | << " tolerance: " << tolerance); |
| 230 | calculated = s.skewness(); |
| 231 | if (std::fabs(x: calculated-expected) > tolerance) |
| 232 | BOOST_FAIL("RiskStatistics: wrong skewness" |
| 233 | << " for N(" << averages[i] << ", " |
| 234 | << sigmas[j] << ")\n" |
| 235 | << std::setprecision(16) |
| 236 | << " calculated: " << calculated << "\n" |
| 237 | << " expected: " << expected << "\n" |
| 238 | << " tolerance: " << tolerance); |
| 239 | |
| 240 | |
| 241 | // kurtosis |
| 242 | expected = 0.0; |
| 243 | tolerance = 1.0e-1; |
| 244 | calculated = igs.kurtosis(); |
| 245 | if (std::fabs(x: calculated-expected) > tolerance) |
| 246 | BOOST_FAIL("IncrementalGaussianStatistics: " |
| 247 | << "wrong kurtosis" |
| 248 | << " for N(" << averages[i] << ", " |
| 249 | << sigmas[j] << ")\n" |
| 250 | << std::setprecision(16) |
| 251 | << " calculated: " << calculated << "\n" |
| 252 | << " expected: " << expected << "\n" |
| 253 | << " tolerance: " << tolerance); |
| 254 | calculated = s.kurtosis(); |
| 255 | if (std::fabs(x: calculated-expected) > tolerance) |
| 256 | BOOST_FAIL("RiskStatistics: wrong kurtosis" |
| 257 | << " for N(" << averages[i] << ", " |
| 258 | << sigmas[j] << ")\n" |
| 259 | << std::setprecision(16) |
| 260 | << " calculated: " << calculated << "\n" |
| 261 | << " expected: " << expected << "\n" |
| 262 | << " tolerance: " << tolerance); |
| 263 | |
| 264 | |
| 265 | // percentile |
| 266 | expected = averages[i]; |
| 267 | tolerance = (expected == 0.0 ? Real(1.0e-3) : |
| 268 | std::fabs(x: expected*1.0e-3)); |
| 269 | calculated = igs.gaussianPercentile(percentile: 0.5); |
| 270 | if (std::fabs(x: calculated-expected) > tolerance) |
| 271 | BOOST_FAIL("IncrementalGaussianStatistics: " |
| 272 | << "wrong Gaussian percentile" |
| 273 | << " for N(" << averages[i] << ", " |
| 274 | << sigmas[j] << ")\n" |
| 275 | << std::setprecision(16) |
| 276 | << " calculated: " << calculated << "\n" |
| 277 | << " expected: " << expected << "\n" |
| 278 | << " tolerance: " << tolerance); |
| 279 | calculated = s.gaussianPercentile(percentile: 0.5); |
| 280 | if (std::fabs(x: calculated-expected) > tolerance) |
| 281 | BOOST_FAIL("RiskStatistics: wrong Gaussian percentile" |
| 282 | << " for N(" << averages[i] << ", " |
| 283 | << sigmas[j] << ")\n" |
| 284 | << std::setprecision(16) |
| 285 | << " calculated: " << calculated << "\n" |
| 286 | << " expected: " << expected << "\n" |
| 287 | << " tolerance: " << tolerance); |
| 288 | calculated = s.percentile(y: 0.5); |
| 289 | if (std::fabs(x: calculated-expected) > tolerance) |
| 290 | BOOST_FAIL("RiskStatistics: wrong percentile" |
| 291 | << " for N(" << averages[i] << ", " |
| 292 | << sigmas[j] << ")\n" |
| 293 | << std::setprecision(16) |
| 294 | << " calculated: " << calculated << "\n" |
| 295 | << " expected: " << expected << "\n" |
| 296 | << " tolerance: " << tolerance); |
| 297 | |
| 298 | |
| 299 | |
| 300 | // potential upside |
| 301 | Real upper_tail = averages[i]+2.0*sigmas[j], |
| 302 | lower_tail = averages[i]-2.0*sigmas[j]; |
| 303 | Real twoSigma = cumulative(upper_tail); |
| 304 | |
| 305 | expected = std::max<Real>(a: upper_tail,b: 0.0); |
| 306 | tolerance = (expected == 0.0 ? Real(1.0e-3) : |
| 307 | std::fabs(x: expected*1.0e-3)); |
| 308 | calculated = igs.gaussianPotentialUpside(percentile: twoSigma); |
| 309 | if (std::fabs(x: calculated-expected) > tolerance) |
| 310 | BOOST_FAIL("IncrementalGaussianStatistics: " |
| 311 | << "wrong Gaussian potential upside" |
| 312 | << " for N(" << averages[i] << ", " |
| 313 | << sigmas[j] << ")\n" |
| 314 | << std::setprecision(16) |
| 315 | << " calculated: " << calculated << "\n" |
| 316 | << " expected: " << expected << "\n" |
| 317 | << " tolerance: " << tolerance); |
| 318 | calculated = s.gaussianPotentialUpside(percentile: twoSigma); |
| 319 | if (std::fabs(x: calculated-expected) > tolerance) |
| 320 | BOOST_FAIL("RiskStatistics: wrong Gaussian potential upside" |
| 321 | << " for N(" << averages[i] << ", " |
| 322 | << sigmas[j] << ")\n" |
| 323 | << std::setprecision(16) |
| 324 | << " calculated: " << calculated << "\n" |
| 325 | << " expected: " << expected << "\n" |
| 326 | << " tolerance: " << tolerance); |
| 327 | calculated = s.potentialUpside(centile: twoSigma); |
| 328 | if (std::fabs(x: calculated-expected) > tolerance) |
| 329 | BOOST_FAIL("RiskStatistics: wrong potential upside" |
| 330 | << " for N(" << averages[i] << ", " |
| 331 | << sigmas[j] << ")\n" |
| 332 | << std::setprecision(16) |
| 333 | << " calculated: " << calculated << "\n" |
| 334 | << " expected: " << expected << "\n" |
| 335 | << " tolerance: " << tolerance); |
| 336 | |
| 337 | |
| 338 | // just to check that GaussianStatistics<StatsHolder> does work |
| 339 | StatsHolder h(s.mean(), s.standardDeviation()); |
| 340 | GenericGaussianStatistics<StatsHolder> test(h); |
| 341 | expected = s.gaussianPotentialUpside(percentile: twoSigma); |
| 342 | calculated = test.gaussianPotentialUpside(percentile: twoSigma); |
| 343 | if (!close(x: calculated,y: expected)) |
| 344 | BOOST_FAIL("GenericGaussianStatistics<StatsHolder> fails" |
| 345 | << std::setprecision(16) |
| 346 | << "\n calculated: " << calculated |
| 347 | << "\n expected: " << expected); |
| 348 | |
| 349 | // value-at-risk |
| 350 | expected = -std::min<Real>(a: lower_tail,b: 0.0); |
| 351 | tolerance = (expected == 0.0 ? Real(1.0e-3) : |
| 352 | std::fabs(x: expected*1.0e-3)); |
| 353 | calculated = igs.gaussianValueAtRisk(percentile: twoSigma); |
| 354 | if (std::fabs(x: calculated-expected) > tolerance) |
| 355 | BOOST_FAIL("IncrementalGaussianStatistics: " |
| 356 | << "wrong Gaussian value-at-risk" |
| 357 | << " for N(" << averages[i] << ", " |
| 358 | << sigmas[j] << ")\n" |
| 359 | << std::setprecision(16) |
| 360 | << " calculated: " << calculated << "\n" |
| 361 | << " expected: " << expected << "\n" |
| 362 | << " tolerance: " << tolerance); |
| 363 | calculated = s.gaussianValueAtRisk(percentile: twoSigma); |
| 364 | if (std::fabs(x: calculated-expected) > tolerance) |
| 365 | BOOST_FAIL("RiskStatistics: wrong Gaussian value-at-risk" |
| 366 | << " for N(" << averages[i] << ", " |
| 367 | << sigmas[j] << ")\n" |
| 368 | << std::setprecision(16) |
| 369 | << " calculated: " << calculated << "\n" |
| 370 | << " expected: " << expected << "\n" |
| 371 | << " tolerance: " << tolerance); |
| 372 | calculated = s.valueAtRisk(centile: twoSigma); |
| 373 | if (std::fabs(x: calculated-expected) > tolerance) |
| 374 | BOOST_FAIL("RiskStatistics: wrong value-at-risk" |
| 375 | << " for N(" << averages[i] << ", " |
| 376 | << sigmas[j] << ")\n" |
| 377 | << std::setprecision(16) |
| 378 | << " calculated: " << calculated << "\n" |
| 379 | << " expected: " << expected << "\n" |
| 380 | << " tolerance: " << tolerance); |
| 381 | |
| 382 | if (averages[i] > 0.0 && sigmas[j] < averages[i]) { |
| 383 | // no data will miss the targets: |
| 384 | // skip the rest of this iteration |
| 385 | igs.reset(); |
| 386 | s.reset(); |
| 387 | continue; |
| 388 | } |
| 389 | |
| 390 | |
| 391 | // expected shortfall |
| 392 | expected = -std::min<Real>(a: averages[i] |
| 393 | - sigmas[j]*sigmas[j] |
| 394 | * normal(lower_tail)/(1.0-twoSigma), |
| 395 | b: 0.0); |
| 396 | tolerance = (expected == 0.0 ? Real(1.0e-4) |
| 397 | : std::fabs(x: expected)*1.0e-2); |
| 398 | calculated = igs.gaussianExpectedShortfall(percentile: twoSigma); |
| 399 | if (std::fabs(x: calculated-expected) > tolerance) |
| 400 | BOOST_FAIL("IncrementalGaussianStatistics: " |
| 401 | << "wrong Gaussian expected shortfall" |
| 402 | << " for N(" << averages[i] << ", " |
| 403 | << sigmas[j] << ")\n" |
| 404 | << std::setprecision(16) |
| 405 | << " calculated: " << calculated << "\n" |
| 406 | << " expected: " << expected << "\n" |
| 407 | << " tolerance: " << tolerance); |
| 408 | calculated = s.gaussianExpectedShortfall(percentile: twoSigma); |
| 409 | if (std::fabs(x: calculated-expected) > tolerance) |
| 410 | BOOST_FAIL("RiskStatistics: wrong Gaussian expected shortfall" |
| 411 | << " for N(" << averages[i] << ", " |
| 412 | << sigmas[j] << ")\n" |
| 413 | << std::setprecision(16) |
| 414 | << " calculated: " << calculated << "\n" |
| 415 | << " expected: " << expected << "\n" |
| 416 | << " tolerance: " << tolerance); |
| 417 | calculated = s.expectedShortfall(centile: twoSigma); |
| 418 | if (std::fabs(x: calculated-expected) > tolerance) |
| 419 | BOOST_FAIL("RiskStatistics: wrong expected shortfall" |
| 420 | << " for N(" << averages[i] << ", " |
| 421 | << sigmas[j] << ")\n" |
| 422 | << std::setprecision(16) |
| 423 | << " calculated: " << calculated << "\n" |
| 424 | << " expected: " << expected << "\n" |
| 425 | << " tolerance: " << tolerance); |
| 426 | |
| 427 | |
| 428 | // shortfall |
| 429 | expected = 0.5; |
| 430 | tolerance = (expected == 0.0 ? Real(1.0e-3) : |
| 431 | std::fabs(x: expected*1.0e-3)); |
| 432 | calculated = igs.gaussianShortfall(target: averages[i]); |
| 433 | if (std::fabs(x: calculated-expected) > tolerance) |
| 434 | BOOST_FAIL("IncrementalGaussianStatistics: " |
| 435 | << "wrong Gaussian shortfall" |
| 436 | << " for N(" << averages[i] << ", " |
| 437 | << sigmas[j] << ")\n" |
| 438 | << std::setprecision(16) |
| 439 | << " calculated: " << calculated << "\n" |
| 440 | << " expected: " << expected << "\n" |
| 441 | << " tolerance: " << tolerance); |
| 442 | calculated = s.gaussianShortfall(target: averages[i]); |
| 443 | if (std::fabs(x: calculated-expected) > tolerance) |
| 444 | BOOST_FAIL("RiskStatistics: wrong Gaussian shortfall" |
| 445 | << " for N(" << averages[i] << ", " |
| 446 | << sigmas[j] << ")\n" |
| 447 | << std::setprecision(16) |
| 448 | << " calculated: " << calculated << "\n" |
| 449 | << " expected: " << expected << "\n" |
| 450 | << " tolerance: " << tolerance); |
| 451 | calculated = s.shortfall(target: averages[i]); |
| 452 | if (std::fabs(x: calculated-expected) > tolerance) |
| 453 | BOOST_FAIL("RiskStatistics: wrong shortfall" |
| 454 | << " for N(" << averages[i] << ", " |
| 455 | << sigmas[j] << ")\n" |
| 456 | << std::setprecision(16) |
| 457 | << " calculated: " << calculated << "\n" |
| 458 | << " expected: " << expected << "\n" |
| 459 | << " tolerance: " << tolerance); |
| 460 | |
| 461 | |
| 462 | // average shortfall |
| 463 | expected = sigmas[j]/std::sqrt(x: 2.0*M_PI)*2.0; |
| 464 | tolerance = expected*1.0e-3; |
| 465 | calculated = igs.gaussianAverageShortfall(target: averages[i]); |
| 466 | if (std::fabs(x: calculated-expected) > tolerance) |
| 467 | BOOST_FAIL("IncrementalGaussianStatistics: " |
| 468 | << "wrong Gaussian average shortfall" |
| 469 | << " for N(" << averages[i] << ", " |
| 470 | << sigmas[j] << ")\n" |
| 471 | << std::setprecision(16) |
| 472 | << " calculated: " << calculated << "\n" |
| 473 | << " expected: " << expected << "\n" |
| 474 | << " tolerance: " << tolerance); |
| 475 | calculated = s.gaussianAverageShortfall(target: averages[i]); |
| 476 | if (std::fabs(x: calculated-expected) > tolerance) |
| 477 | BOOST_FAIL("RiskStatistics: wrong Gaussian average shortfall" |
| 478 | << " for N(" << averages[i] << ", " |
| 479 | << sigmas[j] << ")\n" |
| 480 | << std::setprecision(16) |
| 481 | << " calculated: " << calculated << "\n" |
| 482 | << " expected: " << expected << "\n" |
| 483 | << " tolerance: " << tolerance); |
| 484 | calculated = s.averageShortfall(target: averages[i]); |
| 485 | if (std::fabs(x: calculated-expected) > tolerance) |
| 486 | BOOST_FAIL("RiskStatistics: wrong average shortfall" |
| 487 | << " for N(" << averages[i] << ", " |
| 488 | << sigmas[j] << ")\n" |
| 489 | << std::setprecision(16) |
| 490 | << " calculated: " << calculated << "\n" |
| 491 | << " expected: " << expected << "\n" |
| 492 | << " tolerance: " << tolerance); |
| 493 | |
| 494 | |
| 495 | // regret |
| 496 | expected = sigmas[j]*sigmas[j]; |
| 497 | tolerance = expected*1.0e-1; |
| 498 | calculated = igs.gaussianRegret(target: averages[i]); |
| 499 | if (std::fabs(x: calculated-expected) > tolerance) |
| 500 | BOOST_FAIL("IncrementalGaussianStatistics: " |
| 501 | << "wrong Gaussian regret(" << averages[i] << ") " |
| 502 | << "for N(" << averages[i] << ", " |
| 503 | << sigmas[j] << ")\n" |
| 504 | << std::setprecision(16) |
| 505 | << " calculated: " << calculated << "\n" |
| 506 | << " expected: " << expected << "\n" |
| 507 | << " tolerance: " << tolerance); |
| 508 | calculated = s.gaussianRegret(target: averages[i]); |
| 509 | if (std::fabs(x: calculated-expected) > tolerance) |
| 510 | BOOST_FAIL("RiskStatistics: " |
| 511 | << "wrong Gaussian regret(" << averages[i] << ") " |
| 512 | << "for N(" << averages[i] << ", " |
| 513 | << sigmas[j] << ")\n" |
| 514 | << std::setprecision(16) |
| 515 | << " calculated: " << calculated << "\n" |
| 516 | << " expected: " << expected << "\n" |
| 517 | << " tolerance: " << tolerance); |
| 518 | calculated = s.regret(target: averages[i]); |
| 519 | if (std::fabs(x: calculated-expected) > tolerance) |
| 520 | BOOST_FAIL("RiskStatistics: " |
| 521 | << "wrong regret(" << averages[i] << ") " |
| 522 | << "for N(" << averages[i] << ", " |
| 523 | << sigmas[j] << ")\n" |
| 524 | << std::setprecision(16) |
| 525 | << " calculated: " << calculated << "\n" |
| 526 | << " expected: " << expected << "\n" |
| 527 | << " tolerance: " << tolerance); |
| 528 | |
| 529 | |
| 530 | // downsideVariance |
| 531 | expected = s.downsideVariance(); |
| 532 | tolerance = (expected == 0.0 ? Real(1.0e-3) : |
| 533 | std::fabs(x: expected*1.0e-3)); |
| 534 | calculated = igs.downsideVariance(); |
| 535 | if (std::fabs(x: calculated-expected) > tolerance) |
| 536 | BOOST_FAIL("IncrementalGaussianStatistics: " |
| 537 | << "wrong downside variance" |
| 538 | << "for N(" << averages[i] << ", " |
| 539 | << sigmas[j] << ")\n" |
| 540 | << std::setprecision(16) |
| 541 | << " calculated: " << calculated << "\n" |
| 542 | << " expected: " << expected << "\n" |
| 543 | << " tolerance: " << tolerance); |
| 544 | calculated = igs.gaussianDownsideVariance(); |
| 545 | if (std::fabs(x: calculated-expected) > tolerance) |
| 546 | BOOST_FAIL("IncrementalGaussianStatistics: " |
| 547 | << "wrong Gaussian downside variance" |
| 548 | << "for N(" << averages[i] << ", " |
| 549 | << sigmas[j] << ")\n" |
| 550 | << std::setprecision(16) |
| 551 | << " calculated: " << calculated << "\n" |
| 552 | << " expected: " << expected << "\n" |
| 553 | << " tolerance: " << tolerance); |
| 554 | |
| 555 | // downsideVariance |
| 556 | if (averages[i]==0.0) { |
| 557 | expected = sigmas[j]*sigmas[j]; |
| 558 | tolerance = expected*1.0e-3; |
| 559 | calculated = igs.downsideVariance(); |
| 560 | if (std::fabs(x: calculated-expected) > tolerance) |
| 561 | BOOST_FAIL("IncrementalGaussianStatistics: " |
| 562 | << "wrong downside variance" |
| 563 | << "for N(" << averages[i] << ", " |
| 564 | << sigmas[j] << ")\n" |
| 565 | << std::setprecision(16) |
| 566 | << " calculated: " << calculated << "\n" |
| 567 | << " expected: " << expected << "\n" |
| 568 | << " tolerance: " << tolerance); |
| 569 | calculated = igs.gaussianDownsideVariance(); |
| 570 | if (std::fabs(x: calculated-expected) > tolerance) |
| 571 | BOOST_FAIL("IncrementalGaussianStatistics: " |
| 572 | << "wrong Gaussian downside variance" |
| 573 | << "for N(" << averages[i] << ", " |
| 574 | << sigmas[j] << ")\n" |
| 575 | << std::setprecision(16) |
| 576 | << " calculated: " << calculated << "\n" |
| 577 | << " expected: " << expected << "\n" |
| 578 | << " tolerance: " << tolerance); |
| 579 | calculated = s.downsideVariance(); |
| 580 | if (std::fabs(x: calculated-expected) > tolerance) |
| 581 | BOOST_FAIL("RiskStatistics: wrong downside variance" |
| 582 | << "for N(" << averages[i] << ", " |
| 583 | << sigmas[j] << ")\n" |
| 584 | << std::setprecision(16) |
| 585 | << " calculated: " << calculated << "\n" |
| 586 | << " expected: " << expected << "\n" |
| 587 | << " tolerance: " << tolerance); |
| 588 | calculated = s.gaussianDownsideVariance(); |
| 589 | if (std::fabs(x: calculated-expected) > tolerance) |
| 590 | BOOST_FAIL("RiskStatistics: wrong Gaussian downside variance" |
| 591 | << "for N(" << averages[i] << ", " |
| 592 | << sigmas[j] << ")\n" |
| 593 | << std::setprecision(16) |
| 594 | << " calculated: " << calculated << "\n" |
| 595 | << " expected: " << expected << "\n" |
| 596 | << " tolerance: " << tolerance); |
| 597 | } |
| 598 | |
| 599 | igs.reset(); |
| 600 | s.reset(); |
| 601 | |
| 602 | } |
| 603 | } |
| 604 | } |
| 605 | |
| 606 | |
| 607 | test_suite* RiskStatisticsTest::suite() { |
| 608 | auto* suite = BOOST_TEST_SUITE("Risk statistics tests" ); |
| 609 | suite->add(QUANTLIB_TEST_CASE(&RiskStatisticsTest::testResults)); |
| 610 | return suite; |
| 611 | } |
| 612 | |
| 613 | |