thanks for your reply. I am a new joiner and still learning how to use different tools/options on the BT website.Hi imran - i moved this to Foundations (a question like this, that repeats a question asked dozens of times, doesn't need to be in an upper board).
See http://forum.bionicturtle.com/threads/frm-fun-13-absolute-versus-relative-var-versus-ul.6020
a search of "absolute VaR" will give many results http://forum.bionicturtle.com/search/3289395/?q=absolute var&o=date
don't get me wrong, if you would like some more specific follow-up, I will try to help, thanks,