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.


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