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.
Business & Commerce Risk Management
XLRISK image
opensource risk-analysis financial-modeling
XLRISK alternatives ➤

XLRISK: Open-Source Quantitative Risk Analysis Software

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

What is XLRISK?

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

XLRISK provides integrated modules for managing positions, defining risk factors, building scenario sets, calculating risk measures, and analyzing results. Key features include:

  • Flexible modeling of multi-asset portfolios including equities, fixed income, derivatives, FX, and commodities
  • Robust risk analytics including VaR, expected shortfall, sensitivity analysis, stress testing, and backtesting
  • High performance quantitative risk engines powered by advanced statistical and mathematical models
  • Customizable reports, dashboards, and visualization tools
  • APIs and integration capabilities to connect with external data sources and applications

XLRISK aims to provide an enterprise-level solution for risk management teams who need advanced analytics and flexibility in a user-friendly package. With its open-source development approach, XLRISK strives to meet risk modeling needs across various industries and use cases.

XLRISK Features

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

Official Links

Official Website
https://www.xlstat.com/en/solutions/xlrisk

The Best XLRISK Alternatives

Top Business & Commerce and Risk Management and other similar apps like XLRISK

Here are some alternatives to XLRISK:

ModelRisk icon
ModelRisk
Spry Simulation icon
Spry Simulation
Risk Solver icon
Risk Solver
Suggest an alternative ❐

ModelRisk icon

ModelRisk

ModelRisk is an enterprise risk management software platform used by banks, insurance companies, asset managers, and other financial services firms to model, measure, and manage different types of risk.It provides a centralized platform to build, validate, document, and audit the complex financial and risk models that drive business decisions. Key...
ModelRisk image
Spry Simulation icon

Spry Simulation

Spry Simulation is a general-purpose, Windows-based simulation software that provides a drag and drop interface for building and analyzing detailed simulations. It allows users to model complex systems without programming by using its extensive model libraries and intuitive workflow.Some key features of Spry Simulation include:Visual programming interface to quickly build...
Spry Simulation image
Risk Solver icon

Risk Solver

Risk Solver is an add-in for Excel developed by Frontline Systems that enables building risk analysis models and running Monte Carlo simulations seamlessly within Excel. It integrates simulation and optimization to provide sensitivity analysis, scenario management, and automatic reports.Key features of Risk Solver include:Running simulations with uncertain inputs represented by...
Risk Solver image