> ## Documentation Index
> Fetch the complete documentation index at: https://docs.activeviam.com/llms.txt
> Use this file to discover all available pages before exploring further.

# ES (basic)

<Badge color="gray" size="lg">[ima](../tags/ima)</Badge>

|                                      |                                                                                                                                           |
| ------------------------------------ | ----------------------------------------------------------------------------------------------------------------------------------------- |
| **Description**                      | Calculates the expected shortfall from the P\&L vectors.                                                                                  |
| **Hierarchies required in the view** | [Risk Classes](./risk-classes), [Data Sets](./data-sets), [Liquidity Horizons](./liquidity-horizons)                                      |
| **Reference**                        | [\[MAR33.3\]](https://www.bis.org/basel_framework/chapter/MAR/33.htm?inforce=20230101\&published=20200327#paragraph_MAR_33_20230101_33_3) |