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Futures; Chicago
Copyright Futures Magazine Group
COPYRIGHT ProQuest. All rights reserved
from April 2004
Last Number: December 2010
ISSN 0746-2468
[Content not included in vLex Global Academic]
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Year 2010
- Vol. 39 Nbr. 12, December 2010
- Vol. 39 Nbr. 9, September 2010
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Year 2009
- Vol. 38 Nbr. 12, December 2009
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Year 2008
- Vol. 37 Nbr. 13, December 2008
- Vol. 37 Nbr. 12, November 2008
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- Vol. 37 Nbr. 1, January 2008
VaR is a number that purports to estimate future losses deriving from a portfolio of financial assets. It is doomed because of its analytical foundations and the realities of real-life markets. VaR is an untrustworthy measure of future market risk because: it is calculated by looking at the past. The upcoming risk of a trading asset is essentially assumed to mirror its behavior over the historical time period arbitrarily selected for the calculation. The mathematical engineering behind VaR te...