VaR ??
Value -at-risk (VAR) is a much used term in Financial risk management. Gloriamundi has a good inrtoduction to Var.
The Orange county case provides very good insights on using VaR as a tool for risk control [Courtesy Prof. Jorion].
The Orange county case provides very good insights on using VaR as a tool for risk control [Courtesy Prof. Jorion].
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