Value at Risk

When we convert daily VaR to annual VaR, do we always use 250 business days or 365 days?

I’d use 250: work (or trading) days.

Seems like the CFAI textbook goes for 250 trading days for calculating VaR. Didn’t see anywhere that mentioned 365.

Thank you.

250-252

Let’s call it 251, shall we?

I don’t have audacity to say anything against The Magician Sir :slight_smile:

Whatever you say is correct anyway