Waiting for answer This question has not been answered yet. You can hire a professional tutor to get the answer.
QUESTION
Suppose you've estimated that the fifth-percentile value at risk of a portfolio is 30%. Now you wish to estimate the portfolio's first-percentile VaR...
Suppose you’ve estimated that the fifth-percentile value at risk of a portfolio is −30%. Now you wish to estimate the portfolio’s first-percentile VaR (the value below which lie 1% of the returns). Will the 1% VaR be greater or less than −30%?
