Manfredo, Mark R.; Leuthold, Raymond M. - In: Agribusiness 17 (2001) 3, pp. 333-353
Value-at-Risk, known as VaR, gives a prediction with a certain level of confidence of potential portfolio losses that may be encountered over a specified time period due to adverse price movements in the portfolio's assets. For example, a VaR of 1 million dollars at the 95% level of confidence...