Inspiration
Get a really in-depth understanding of how financial institutions manage their risk exposure and prevent catastrophic bankruptcies.
What it does
Forecast all possible paths an interest rate can take, where we can get the percentiles of the spread based on the distribution of the model.
How we built it
We first collected treasury rate data of 10 years, and using a monte carlo simulation forecasted many scenarios the rates could take.
Challenges we ran into
Initially, we had another project idea that required data that we couldn't access and faced some issues with flutter. So our Bank Risk Analysis Project was our quick pivot project that was much more feasible.
Accomplishments that we're proud of
Completed the project
What we learned
We learned a lot about how financial institutions prepare for worst case scenario.
What's next for Bank Risk Analysis
Could be implemented for stock and other instruments, and more accurate prediction for real world events.
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