# Confidence Level

*Math & Statistics — Finicade finance glossary*

How sure you want to be — 95%, 99% — when quoting a risk figure or a statistical estimate. A 99% VaR is a bigger, more cautious number than a 95% one; the level sets how far into the tail you look.

**Also known as:** confidence-conversion, confidence-choice

**Related terms:** [Value at Risk (VaR)](https://finicade.com/glossary/value-at-risk), [Z-Score](https://finicade.com/glossary/z-score), [Normal Distribution](https://finicade.com/glossary/normal-distribution)

**Taught in:** Risk Arena — VaR: One Number for the Tail

Source: https://finicade.com/glossary/confidence-level