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    PLEASE READ: Publishing Process for 2021

    Hi, According to the official study guide change, 7 new articles are listed on the 2021 study guide. Yet, only 3 articles are posted on bionic turtle so far, which I believe were the articles that are not deleted. Will there be further updates? Also, my part 2 test is in May, 2021. As for the...
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    VaR is not subadditivity, yet there is formula for diversified VaR?

    Hi @David Harper CFA FRM. Thank you for your explanation. That really helps solving my problem.
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    VaR is not subadditivity, yet there is formula for diversified VaR?

    I have learned that one of the reasons why Expected shortfall is a better measurement of risk is because Expected shortfall is subadditivity while VaR is not. Yet, there is formula for calculating diversified VaR for portfolio (I believe the formula is in the book of investment risk). Wouldn't...
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