PNL FOR DUMMIES

$begingroup$ I am unsure what you indicate by "cross" consequences - the only correlation is that they equally are capabilities of your modify in fundamental ($Delta S$)The portfolio of bonds could have a specific DV01, which is able to be used to compute the PnL. Can an individual tell me if this is true or is there one thing additional? For equit

In case you hedge every single minute, You would not comprehend the full pnl of the larger sized SD moves however you do seize the complete pnl from the lesser intraday moves. Conversely, if You simply hedge when per day, you will not comprehend the full pnl within the more compact intraday moves (like in your case in point) but you'll in return un