Question: Consider QQQ, the ETF. Using data for the last 1250 days, calculate the empirical var at 99% for a position of 1,000,000 in QQQ. Calculate

Consider QQQ, the ETF.

Using data for the last 1250 days, calculate the empirical var at 99% for a position of 1,000,000 in QQQ.

Calculate the corresponding Gaussian var at 99% using the sample standard deviation. Which is largest?

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