Tail value at risk

Tail Value at Risk (TVaR) is a way of measuring risk. It measures how much money you could lose if something unexpected happens. To do this, TVaR looks at how much money you could lose if the worst possible thing happened. It looks at how big a "tail" of losses could be, and how much that tail could be worth. It can help you to think ahead and plan for the worst, so that you can manage your risks better.