gargi.adhikari
Active Member
In reference to: P1.T4.VAR-HULL-DOWD_Ch2_TOPIC: Value-At-Risk (Var) Measure Of Risk:
Hi All,
I am having some trouble connecting the dots between Quantile , Var & Confidence Level and how VAR = - Quantile.
Isn't VAR = some $ Amount ....??? ( say $5 Million at Risk with a 95 % of Confidence Level...? )
So having said that, how is VAR= - Quantile..? Given that, a Quantile is the Inverse of a CDF..?
I know I am probably missing an angle here for that AHA Moment on this topic... Please Help ....
Hi All,
I am having some trouble connecting the dots between Quantile , Var & Confidence Level and how VAR = - Quantile.
Isn't VAR = some $ Amount ....??? ( say $5 Million at Risk with a 95 % of Confidence Level...? )
So having said that, how is VAR= - Quantile..? Given that, a Quantile is the Inverse of a CDF..?
I know I am probably missing an angle here for that AHA Moment on this topic... Please Help ....