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Value at Risk is a risk measure used by financial institutions to quantify their exposure to market risk. It is a quantile measure of the organization's profit-loss curve, and can be estimated using Monte Carlo methods to simulate random walks of the stock portfolio. The simlation of correlated risks is a major challenge for financial risk estimation.
Part of the free risk-engineering.org courseware.
Clipping is a handy way to collect and organize the most important slides from a presentation. You can keep your great finds in clipboards organized around topics.