TRENCA, Ioan; MUTU, Simona - In: Finante - provocarile viitorului (Finance - Challenges … 1 (2009) 10, pp. 48-56
Value at risk assesses financial risk by evaluating the probability of loss that results from stochastic variation of the rate of return. The methodology is based on historical data reflecting this variation, usually as an estimated probability of default function. The fact that return...