> ## 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. # VaR > Value-at-Risk measures for backtesting in FRTBCombinedCube, including VaR 97.5 and VaR 99, exception counts and dates for actual and hypothetical PL, outlier counts, and ES confidence level measures The trade level 1-day expected Shortfall at 97.5% confidence level The expected shortfall at 99% confidence level The rolling sum of Exception 97.5 (exceptions from Actual) The list of past dates where Actual PL overshoots VaR The measure returns 1 if Actual PL is below VaR 97.5 (previous day). The max of Exception 97.5 (Actual) and Exception 97.5 (Hypothetical) The rolling sum of Exception 97.5 (exceptions from Hypothetical) The list of past dates where Hypothetical PL overshoots VaR The measure returns 1 if Hypothetical PL is below VaR 97.5 (previous day). The rolling sum of Exception 99 (exceptions from Actual) The list of past dates where Actual PL overshoots VaR The measure returns 1 if Actual PL is below VaR 99 (previous day). The max of Exception 99 (Actual) and Exception 99 (Hypothetical) The rolling sum of Exception 99 (exceptions from Hypothetical) The list of past dates where Hypothetical PL overshoots VaR The measure returns 1 if Hypothetical PL is below VaR 99 (previous day). The rolling sum of Outlier 97.5 The list of past dates where Actual PL or Hypothetical PL overshoots VaR Max of (Exception 97.5 (Actual) , Exception 97.5 (Hypothetical)) The rolling sum of Outlier 99 The list of past dates where Actual PL or Hypothetical PL overshoots VaR Max of (Exception 99 (Actual) , Exception 99 (Hypothetical)) The actual PL p-value from upstream system (BCBS 352: 183) The hypothetical PL p-value from upstream system (BCBS 352: 183) The measure 'VaR 97.5' taken as of previous day. This measure is tested against PL time series. The desk level 1-day Value-at-risk with 97.5% confidence level The measure 'VaR 99' taken as of previous day. This measure is tested against PL time series. The desk level 1-day Value-at-risk with 99% confidence level The simulated PL vectors - input data for the VaR calculation Technical measure VaR PL Vector which you can expand using the `VaR PL Expand` measure