Need help: Value at risk with historic simulation
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