XLRISK vs Risk Solver

Struggling to choose between XLRISK and Risk Solver? Both products offer unique advantages, making it a tough decision.

XLRISK is a Business & Commerce solution with tags like opensource, risk-analysis, financial-modeling.

It boasts features such as Monte Carlo simulation, Value at Risk (VaR) calculation, Expected Shortfall (ES) calculation, Stress testing, Scenario analysis, Portfolio optimization, Distribution fitting, Correlation modeling, Reporting and pros including Open source and free to use, Flexible and customizable, Supports multiple programming languages, Active user community and support.

On the other hand, Risk Solver is a Office & Productivity product tagged with risk-analysis, simulation, uncertainty-modeling, excel-addin.

Its standout features include Monte Carlo simulation, Sensitivity analysis, Optimization, Tornado charts, Scenario analysis, and it shines with pros like Easy to use within Excel, Powerful risk analysis capabilities, Large number of probability distributions available, Can handle large and complex models.

To help you make an informed decision, we've compiled a comprehensive comparison of these two products, delving into their features, pros, cons, pricing, and more. Get ready to explore the nuances that set them apart and determine which one is the perfect fit for your requirements.

XLRISK

XLRISK

XLRISK is an open-source quantitative risk analysis software. It is used by risk consultants, financial engineers, and academics to model risk portfolios, simulate risk scenarios, and generate risk metrics and reports.

Categories:
Business & Commerce Risk Management
opensource risk-analysis financial-modeling

XLRISK Features

  1. Monte Carlo simulation
  2. Value at Risk (VaR) calculation
  3. Expected Shortfall (ES) calculation
  4. Stress testing
  5. Scenario analysis
  6. Portfolio optimization
  7. Distribution fitting
  8. Correlation modeling
  9. Reporting

Pricing

  • Open Source

Pros

Open source and free to use

Flexible and customizable

Supports multiple programming languages

Active user community and support

Cons

Steep learning curve

Limited documentation and training resources

Not as user friendly as commercial alternatives

Lacks some advanced risk models

Risk Solver

Risk Solver

Risk Solver is an Excel add-in developed by Frontline Systems that allows users to build risk analysis models and run simulations within Excel. It helps analyze the impact of uncertainty and risk in spreadsheet models.

Categories:
Office & Productivity Spreadsheets
risk-analysis simulation uncertainty-modeling excel-addin

Risk Solver Features

  1. Monte Carlo simulation
  2. Sensitivity analysis
  3. Optimization
  4. Tornado charts
  5. Scenario analysis

Pricing

  • One-time Purchase

Pros

Easy to use within Excel

Powerful risk analysis capabilities

Large number of probability distributions available

Can handle large and complex models

Cons

Requires purchase of Excel add-in

Limited to Excel platform

Steep learning curve for advanced features