Computational Mathematics
Value at Risk (VaR) is a statistical measure used to assess the potential loss in value of an asset or portfolio over a defined time period for a given confidence interval. It quantifies the level of financial risk within a firm or investment portfolio by estimating how much the value could decrease with a certain probability, thus helping in risk management and financial decision-making.
congrats on reading the definition of Value at Risk (VaR). now let's actually learn it.