Recent Examples of clave from the Web The entrancing expedition of an album opens with a track highlighted by a hypnotizing clave from Klik & Frik, the cumbia-tripping duo Frikstailersâ side project. â
Entropy as a Measure of Risk. Like beta and volatility, entropy is used to measure financial risk as a measure of randomness. In the world of finance, risk is both bad and good depending on the needs of the investor; however, it is generally assumed that greater risk creates a higher probability for enhanced growth.
The entropic value-at-risk (EVaR) is a coherent risk measure introduced by Ahmadi-Javid, which is an upper bound for the value at risk (VaR) and the conditional value-at-risk (CVaR), obtained from the Chernoff inequality. The EVaR can also be represented by using the concept of relative entropy.