Sensitivity
- Japanese
- センシティビティ
- Last reviewed
- September 26, 2026
This is a draft, shown for review before publication.
A sensitivity is the change in the market value of a position when a single risk factor, such as an interest rate, a stock price or volatility, moves by a small amount. DV01, delta and vega are examples, and sensitivities are used to measure the size of market risk position by position and to set limits.
Related terms
Explained in detail
Pages that use this term
- The Multi-Curve Framework
- Curve Interpolation
- Option Strategies
- Overview of Exotic Options
- Digital Options
- Asian Options
- Lookback Options
- Valuing an Interest Rate Swap
- Swaptions
- FX Option Market Conventions
- Overview of Exotic Equity Products
- Variance Swaps and Volatility Swaps
- Cliquets
- Autocallables
- Synthetic CDOs and Tranches
- Inflation-Indexed JGBs and BEI
- Callable Bonds and Early Redemption Features
- Convertible Bonds (CB)
- The Black and Bachelier Models
- Collateral and Discounting
- ISDA SIMM: The Standard Model for Initial Margin
- FVA and MVA
- The Hull-White Model
- Adjoint Algorithmic Differentiation (AAD)
- Hedging Exotic Products
- Volatility Trading
- Value at Risk (VaR)
- Stress Testing
- Overview of the Regulatory Treatment of Counterparty Risk
- Counterparty Risk and XVA
- P&L Attribution
- Daily Valuation and P&L Sign-Off
- Daily Risk Management Operations
- Fair Value Measurement: IFRS 13, ASC 820 and the Fair Value Hierarchy
- Japanese GAAP vs IFRS vs US GAAP
- Disclosures in the Notes
- Limit Frameworks
- The Fundamental Review of the Trading Book (FRTB)
- The CVA Risk Capital Charge