$13\mathrm{.}17$Values for the NASDAQ Composite index during the $1,500$ days preceding March $10,2006,$ can be downloaded from the author$$s website. Calculate the one$-$day $99\%$ VaR and one$-$day $99\%$ ES on March $10,2006,$ for a $$10$ million portfolio invested in the index using: $($a$)$ The volatility$-$scaling procedures in Sections $13\mathrm{.}3\mathrm{.}2$ and $13\mathrm{.}3\mathrm{.}3$ with $=0\mathrm{.}94$ Section $13\mathrm{.}3\mathrm{.}2$ talks about Market Variable Movements are adjusted for volatility, whereas Section $13\mathrm{.}3\mathrm{.}3$ talks about Losses are adjusted for loss standard deviation I found out the answers are the same for both parts, which I believe should not be the case. I have attached a screenshot for your reference