Risk Metrics - VaR, CVaR, and Portfolio Risk

Understand advanced risk metrics including Value at Risk (VaR) and Conditional Value at Risk (CVaR).

Risk Metrics Explained

• Value at Risk (VaR) - Maximum expected loss at a confidence level
• CVaR (Expected Shortfall) - Average loss beyond VaR
• Sharpe Ratio - Risk-adjusted return metric
• Max Drawdown - Largest peak-to-trough decline