Value at Risk (VaR) is a widely used risk management tool. A limitation of the VaR approach to measuring risk is that it fails to specify:
A limitation of the value at risk (VaR) approach to measuring risk is that it fails to specify the maximum loss that could occur. VAR statistic has three components - a relatively high level of confidence (typically either 95% or 99%), a time period (a day, a month or a year) and an estimate of investment loss (expressed either in absolute or percentage terms). However, at a 99% confidence level what VAR really means is that in 1% of cases (that would be 2-3 trading days in a year with daily VAR) the loss is expected to be greater than the VAR amount. Value At Risk does not say anything about the size of losses within this 1% of trading days and by no means does it say anything about the maximum possible loss.
Though the International Cricket Council’s anti-corruption unit ……. become more vigilant over the years, it cannot s...
The amended rules have been published in the Gazette of India and everything have been done.
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The boys whom I have invited have come are my friends .
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photographers who follow celebrities to get their picture to sell them .
Read each sentence to find out whether there is any error in it. The error, if any, will be in one part of the sentence. Mark the part with the error as...
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mangoes of Prayagraj are better than lucknow .
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In the pink
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