VaR BacktestCreate a VaR (value-at-risk) backtest model and run suite of VaR backtestsVaR (value-at-risk) is an estimate of how much value a portfolio can lose in a given time period with a given confidence level. VaR backtesting tools assess the accuracy of VaR models. For more information on VaR backtesting tools, see Overview of VaR Backtesting.