विधियों की तुलना करें

	कंडिशनल वैल्यू-एट-रिस्क (अपेक्षित कमी)	जोखिम पर मूल्य (VaR)
क्षेत्र	वित्त	वित्त
परिवार	Regression model	Regression model
उद्भव वर्ष	2000	2007
प्रवर्तक	Rockafellar & Uryasev (2000); Acerbi & Tasche (2002)	Jorion (textbook benchmark); popularised by RiskMetrics / J.P. Morgan
प्रकार	Coherent tail-risk measure	Financial risk measure
मौलिक स्रोत	Rockafellar, R. T. & Uryasev, S. (2000). Optimization of Conditional Value-at-Risk. Journal of Risk, 2(3), 21-41.	Jorion, P. (2007). Value at Risk: The New Benchmark for Managing Financial Risk (3rd ed.). McGraw-Hill. ISBN: 978-0071464956
उपनाम	CVaR, expected shortfall, average value-at-risk, tail VaR	VaR, value-at-risk, delta-normal VaR, historical simulation VaR
संबंधित	5	5
सारांश	Conditional Value-at-Risk (CVaR), also called Expected Shortfall, is a coherent tail-risk measure that quantifies the conditional expectation of losses beyond the Value-at-Risk threshold. It was introduced for optimization by Rockafellar and Uryasev (2000) and shown to be coherent by Acerbi and Tasche (2002), and it has replaced VaR as the regulatory standard under Basel III/IV.	Value at Risk is a financial risk measure that estimates the maximum loss a position or portfolio could suffer over a fixed holding period at a given confidence level. It is the standard benchmark in risk management and regulatory capital calculations, developed in the textbook tradition of Jorion (2007) and the Basel market-risk framework.