ANGHELACHE, Gabriela-Victoria; NEGRU, Andreea; KRALIK, … - In: Romanian Statistical Review Supplement 60 (2012) 4, pp. 162-169
The value at risk (VaR) represents an estimate, at a certain level of probability and under normal conditions of the market, for the maximal level of value loss that may be recorded by a portfolio of financial assets over an established time horizon. Originally, the VaR methodology has been used...