Análisis de las metodologías para la medición de riesgos financieros en Colombia de renta variable caso Ecopetrol

Abstract

In the financial market there are different types of risks when investing, so this research will analyze the different methodologies that will be used most for the measurement of financial risks of equities. In order to determine which, one is the most appropriate for decision making and to minimize the risks to which it is exposed, A simulation was performed in Excel using the actions of the last 4 years of Ecopetrol applying a Backtesting test under the Kupiec criterion to the chosen methodologies. Which best showed an expectation of the results for a near-future scenario was the Historical Simulation which allows to identify with greater efficiency the measure of risk.Due to the uncertainty of the future, this methodology not only allows companies they are equity issuers if not all trading actors have appropriate risk management concentrating on different profitability objectives, thus supporting stability and liquidity in companies