A Comparative Study of VaR Estimation for Structured Products

<table class="table-group" width="800px"><tr class="fig-image" id="a"><td><img alt="838469.fig.004a" src="https://static.hindawi.com/articles/ecri/volume-2010/838469/figures/838469.fig.004a.jpg"/></td></tr><tr class="fig-caption"><td align="center"><table><tr><td><b>(a) </b>VaRs of RUD notes</td></tr></table></td></tr><tr class="fig-image" id="b"><td><img alt="838469.fig.004b" src="https://static.hindawi.com/articles/ecri/volume-2010/838469/figures/838469.fig.004b.jpg"/></td></tr><tr class="fig-caption"><td align="center"><table><tr><td><b>(b) </b>VaRs of DJQ notes</td></tr></table></td></tr><tr class="fig-image" id="c"><td><img alt="838469.fig.004c" src="https://static.hindawi.com/articles/ecri/volume-2010/838469/figures/838469.fig.004c.jpg"/></td></tr><tr class="fig-caption"><td align="center"><table><tr><td><b>(c) </b>VaRs of SPO notes</td></tr></table></td></tr></table>

<table>VaRs of three notes in alternative time series models during various periods.</table>

Economics Research International

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Figure 4

Figure 4: A Comparative Study of VaR Estimation for Structured Products 