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
Whatever you say is correct anyway