BYD Company Value At Risk
| BY6 Stock | | | EUR 11.47 -0.18 -1.55% |
Observed values used to calculate the Value At Risk technical indicator for BYD Company Limited. Certain instruments may report limited data depending on market coverage.
BYD Company Limited has current Value At Risk of
-3.85. Value At Risk (or VAR) is a statistical technique used to measure the level of financial risk of investment instrument over a specific time frame. It is a widely used measure of the risk of loss on a specific investing instrument.
Value At Risk | = | ER[a] x N | + | (Z-SCORE x STD x SQRT (N)) |
| = | -3.85 | |
| ER[a] | = | Expected return on investing in BYD Company |
| STD | = | Standard Deviation of BYD Company |
| N | = | Number of points for the period |
| Z-SCORE | = | Number of standard deviations above or below the mean |
Value At Risk Relative To Other Indicators
BYD Company Limited holds the top spot in value at risk across its competitive set. It is currently under evaluation in maximum drawdown across its competitive set .
Value At Risk is used by risk managers in order to measure and control the level of risk which the firm undertakes. The risk manager job is to ensure that risks are not taken beyond the level at which the firm can absorb the losses of a probable worst outcome. VAR can be defined as the loss level that will not be exceeded with a certain confidence level during a certain period of time.
Compare BYD Company to Peers
Other Technical Indicators