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BUSINESS FINANCE II (İŞLETME FİNANSI II) - (İNGİLİZCE) Dersi Risk Management soru cevapları
BUSINESS FINANCE II (İŞLETME FİNANSI II) - (İNGİLİZCE) Dersi Risk Management soru detayı:
SORU:
What is the main difference between Var and ES?
CEVAP: To compare the definition of VaR and ES, we can say that the former asks the question ‘how bad can things get (with a pre-specified probability level on a single day)?’, while the latter answers the question ‘if things get worse, what is our expected loss?’.
To compare the definition of VaR and ES, we can say that the former asks the question ‘how bad can things get (with a pre-specified probability level on a single day)?’, while the latter answers the question ‘if things get worse, what is our expected loss?’.