- CFA Exams
- CFA Level I Exam
- Topic 9. Portfolio Management
- Learning Module 41. Measuring and Managing Market Risk
- Subject 1. Value at Risk
CFA Practice Question
Which is NOT a limitation of VaR?
B. It sometimes underestimates left-tail events.
C. It focuses heavily on fat tails.
A. It ignores the right tail.
B. It sometimes underestimates left-tail events.
C. It focuses heavily on fat tails.
Correct Answer: C
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