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# delta-normal

1. ### YouTube T4-03: Delta-normal value at risk

If you are a new student to risk measurement, and especially if you are a Part 1 FRM candidate, our video is especially important because it describes a foundational idea that is applicable across asset classes. This video illustrates exactly what we mean by the delta-normal approach to value at...

5. ### FRM T1. Foundation > Learning Spreadsheets: Commentary

FRM P1 > T1 > Intro to VaR (xls): Value at Risk Hello! We are uploading revised learning spreadsheets that I've been working to improve. I wanted to share some information about them. I am going to start at the beginning in this informal series. In terms of a natural sequence, the first...
6. ### Delta-normal method to calculate VaR for Linear Derivatives

I would appreciate if someone could explain in layman terms what is the Delta-normal method. Also could someone explain how the following 2 positions are equivalent: 1. A 1 year forward contract to purchase pounds for dollar 2. A combination of 3 positions: a) A short position in a US...