Purpose – This study aims to evaluate the market risk exposure of three international equity portfolios using value-at-risk (VaR). This risk metric calculates the worst case loss for a business in the course of its daily transactions. To ensure that the calculated VaR reflects emerging risk...

Purpose – This study aims to evaluate the market risk exposure of three international equity portfolios using value-at-risk (VaR). This risk metric calculates the worst case loss for a business in the course of its daily transactions. To ensure that the calculated VaR reflects emerging risk...

Purpose – This study aims to evaluate the market risk exposure of three international equity portfolios using value‐at‐risk (VaR). This risk metric calculates the worst case loss for a business in the course of its daily transactions. To ensure that the calculated VaR reflects emerging...