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Need help: Value at risk with historic simulation

Hi community, 

i have a question on how to calculate the VaR using historic simulation.

specifically for absolute growth and relative growth 

I have attached an example on historic simulation with absolute growth that I found in one of my books. 

Could someone explain me how they come up with a VaR of $287.543,40 ? 

I understand all the other steps but not how in the end to calculate the VaR. 

Thanks in advance 

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Historical VAR is just taken from the ranked distribution of returns - in this case, presumably the 99th percentile worst return from the simulation. It’s the return from a single observation, not derived from a parametric distribution fit to the data. 

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