value at riskForums › Ask ACCA Tutor Forums › Ask the Tutor ACCA AFM Exams › value at riskThis topic has 1 reply, 2 voices, and was last updated 4 years ago by John Moffat.Viewing 2 posts - 1 through 2 (of 2 total)AuthorPosts January 17, 2020 at 2:40 pm #558964 herbertchanParticipantTopics: 3Replies: 7☆99% confidence level requires the value at risk (VAR) to be within 2.33 standard deviations from the mean, based on a single tail measure.how is the 2.33 calculated?thanks a lot. January 17, 2020 at 4:24 pm #558977 John MoffatKeymasterTopics: 57Replies: 54500☆☆☆☆☆I explain this in my free lectures on VaR 🙂(We work backwards using the normal distribution tables provided in the exam)AuthorPostsViewing 2 posts - 1 through 2 (of 2 total)You must be logged in to reply to this topic.Log In Username: Password: Keep me signed in Log In