由于简单性的另一个限制是没有考虑其他风险。 VaR仅衡量股票收益，利率

Another limitation due to the simplicity that does not take into account other risk. VaR measure only stock returns, interest rates, (not considering these risks) exchange rate, option value and other market risk, and portfolio positions are facing other risks, such as credit risk, operational risk. Risk and liquidity risk. Therefore, VaR should also contain an estimate of the risk from other sources. For credit risk, and may Gaussian copula model based on the probability of default associated with the basic assumptions of loans to calculate credit VaR (Vasicek, 2002). For other risks, it is possible to estimate VaR by Monte Carlo simulation (Jorion, 2001).

Another limitation of simplicity is that other risks are not taken into account. VaR measures only market risks such as stock returns, interest rates, (not taking into account these risks) exchange rates, option values, etc., while portfolio positions face other risks, such as credit risk, operational risk. Risk and liquidity risk. Therefore, the VaR estimate should also contain risks from other sources. For credit risk, credit VaR (Vasicek, 2002) can be calculated based on the basic assumptions of the Goscopula model and the probability of default and the correlation between the loan. For other risks, VaR can be estimated using the Monte Carlo simulation (Jorion, 2001).

Because another limitation of simplicity is that no other risks are considered. Var only measures the market risk of stock return, interest rate, (without considering these risks), exchange rate, option value, etc., while the position of portfolio faces other risks, such as credit risk and operational risk. Risk and liquidity risk. Therefore, VAR estimates should also include risks from other sources. For credit risk, credit var can be calculated based on Gaussian copula model and the basic hypothesis of default probability and loan correlation (Vasicek, 2002). For other risks, VAR can be estimated by Monte Carlo simulation (Jorion, 2001).<br>