Expected Shortfall $($ES$)$ is considered a better risk measure than Value at Risk $($VaR$)$ because:

Question $15$Answer

a$.$

It is easier to calculate than VaR.

b$.$

It requires less data to compute accurately.

c$.$

It accounts for all possible losses beyond the VaR threshold.

d$.$

It only considers the average loss in the worst$-$case scenarios.