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Level 3 · ◆◆ · ~10 min

VaR: One Number for the Tail

Define the number before you compute it.

"VaR is a quantile in dollars — and knowing exactly what it says is half the job."

VaR definitionconfidence levelhorizonexceptionsabsolute vs relative VaR
🚀 You're jumping ahead. This builds on Returns, Volatility & the Bell Curve — but play it now and you'll still earn full XP. If it feels steep, those make a gentler on-ramp.

A short lesson, then a quiz. ❤️×3 — a wrong answer costs a heart; finish with at least one left and the level is yours. Lose all three and you'll have to try again. Replay any time — XP and cleared levels are never lost.