> ## 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.

# Expected tail gain

> Reference for the Expected Tail Gain and Weighted ETG measures in the VaR-ES Cube.

## ETG and Weighted ETG

| Measure           | Description                                                                                                       | Relevant context values                                                               |
| ----------------- | ----------------------------------------------------------------------------------------------------------------- | ------------------------------------------------------------------------------------- |
| ETG               | Expected tail gain                                                                                                | [ETGConfidenceLevel](../../context-values)                                            |
| ETG 97.5          | Expected tail gain at 97.5% confidence level                                                                      |                                                                                       |
| ETG 99            | Expected tail gain at 99% confidence level                                                                        |                                                                                       |
| Weighted ETG      | The Weighted variation of the ETG measure. Please refer to the WHS calculations chapter                           | [ETGConfidenceLevel](../../context-values), [WeightedVaRLambda](../../context-values) |
| Weighted ETG 97.5 | The Weighted variation of the ETG measure at 97.5% confidence level. Please refer to the WHS calculations chapter | [WeightedVaRLambda](../../context-values)                                             |
| Weighted ETG 99   | The Weighted variation of the ETG measure at 99% confidence level. Please refer to the WHS calculations chapter   | [WeightedVaRLambda](../../context-values)                                             |

## DtD

| Measure               | Description                                                                               | Relevant context values                                                               |
| --------------------- | ----------------------------------------------------------------------------------------- | ------------------------------------------------------------------------------------- |
| ETG DtD               | Change of ETG from one day to another. By default DtD.                                    | [ETGConfidenceLevel](../../context-values)                                            |
| ETG 97.5 DtD          | Change of ETG 97.5 from one day to another. By default DtD.                               |                                                                                       |
| ETG 99 DtD            | Change of ETG 99 from one day to another. By default DtD.                                 |                                                                                       |
| Weighted ETG DtD      | Change of Weighted ETG from one day to another. By default DtD.                           | [ETGConfidenceLevel](../../context-values), [WeightedVaRLambda](../../context-values) |
| Weighted ETG 97.5 DtD | Change of Weighted ETG from one day to another at 97.5% confidence level. By default DtD. | [WeightedVaRLambda](../../context-values)                                             |
| Weighted ETG 99 DtD   | Change of Weighted ETG from one day to another at 99% confidence level. By default DtD.   | [WeightedVaRLambda](../../context-values)                                             |

## DtD % difference

| Measure                            | Description                                                                                          | Relevant context values                                                               |
| ---------------------------------- | ---------------------------------------------------------------------------------------------------- | ------------------------------------------------------------------------------------- |
| ETG DtD % Difference               | Percentage change of ETG from one day to another. By default DtD.                                    | [ETGConfidenceLevel](../../context-values)                                            |
| ETG 97.5 DtD % Difference          | Percentage change of ETG 97.5 from one day to another. By default DtD.                               |                                                                                       |
| ETG 99 DtD % Difference            | Percentage change of ETG 99 from one day to another. By default DtD.                                 |                                                                                       |
| Weighted ETG DtD % Difference      | Percentage change of Weighted ETG from one day to another. By default DtD.                           | [ETGConfidenceLevel](../../context-values), [WeightedVaRLambda](../../context-values) |
| Weighted ETG 97.5 DtD % Difference | Percentage change of Weighted ETG from one day to another at 97.5% confidence level. By default DtD. | [WeightedVaRLambda](../../context-values)                                             |
| Weighted ETG 99 DtD % Difference   | Percentage change of Weighted ETG from one day to another at 99% confidence level. By default DtD.   | [WeightedVaRLambda](../../context-values)                                             |

## Previous

| Measure                    | Description                                                    | Relevant context values                                                               |
| -------------------------- | -------------------------------------------------------------- | ------------------------------------------------------------------------------------- |
| ETG Previous               | The ETG of the previous day                                    | [ETGConfidenceLevel](../../context-values)                                            |
| ETG 97.5 Previous          | The ETG of the previous day at 97.5% confidence level          |                                                                                       |
| ETG 99 Previous            | The ETG of the previous day at 99% confidence level            |                                                                                       |
| Weighted ETG Previous      | The Weighted ETG of the previous day                           | [ETGConfidenceLevel](../../context-values), [WeightedVaRLambda](../../context-values) |
| Weighted ETG 97.5 Previous | The Weighted ETG of the previous day at 97.5% confidence level | [WeightedVaRLambda](../../context-values)                                             |
| Weighted ETG 99 Previous   | The Weighted ETG of the previous day at 99% confidence level   | [WeightedVaRLambda](../../context-values)                                             |

## Scenario name(s)

<Note>
  All measures in this section output a string.
</Note>

| Measure                            | Description                                                              | Relevant context values                                                               |
| ---------------------------------- | ------------------------------------------------------------------------ | ------------------------------------------------------------------------------------- |
| ETG Scenario Name(s)               | List of scenarios contributing to the ETG.                               | [ETGConfidenceLevel](../../context-values)                                            |
| ETG 97.5 Scenario Name(s)          | List of scenario names contributing to the ETG 97.5 calculation          |                                                                                       |
| ETG 99 Scenario Name(s)            | List of scenario names contributing to the ETG 99 calculation            |                                                                                       |
| Weighted ETG Scenario Name(s)      | Scenarios that contribute to the weighted ETG.                           | [ETGConfidenceLevel](../../context-values), [WeightedVaRLambda](../../context-values) |
| Weighted ETG 97.5 Scenario Name(s) | Scenarios that contribute to the weighted ETG at 97.5% confidence level. | [WeightedVaRLambda](../../context-values)                                             |
| Weighted ETG 99 Scenario Name(s)   | Scenarios that contribute to the weighted ETG at 99% confidence level.   | [WeightedVaRLambda](../../context-values)                                             |

## Values

<Note>
  All measures in this section output a string.
</Note>

| Measure                  | Description                                                               | Relevant context values                    |
| ------------------------ | ------------------------------------------------------------------------- | ------------------------------------------ |
| ETG Values               | PnL values that contribute to the ETG.                                    | [ETGConfidenceLevel](../../context-values) |
| Weighted ETG Values      | PnL values that contribute to the weighted ETG.                           | [ETGConfidenceLevel](../../context-values) |
| Weighted ETG 97.5 Values | PnL values that contribute to the weighted ETG at 97.5% confidence level. |                                            |
| Weighted ETG 99 Values   | PnL values that contribute to the weighted ETG at 99% confidence level.   |                                            |

## With % difference

<Note>
  All measures in this section output a string.
</Note>

| Measure                             | Description                                                                    | Relevant context values                                                               |
| ----------------------------------- | ------------------------------------------------------------------------------ | ------------------------------------------------------------------------------------- |
| ETG with % Difference               | ETG with percentage difference in brackets.                                    | [ETGConfidenceLevel](../../context-values)                                            |
| ETG 97.5 with % Difference          | ETG 97.5 with percentage difference in brackets.                               |                                                                                       |
| ETG 99 with % Difference            | ETG 99 with percentage difference in brackets.                                 |                                                                                       |
| Weighted ETG with % Difference      | Weighted ETG with percentage difference in brackets.                           | [ETGConfidenceLevel](../../context-values), [WeightedVaRLambda](../../context-values) |
| Weighted ETG 97.5 with % Difference | Weighted ETG with percentage difference in brackets at 97.5% confidence level. | [WeightedVaRLambda](../../context-values)                                             |
| Weighted ETG 99 with % Difference   | Weighted ETG with percentage difference in brackets at 99% confidence level.   | [WeightedVaRLambda](../../context-values)                                             |

## Booking

### Incremental booking

| Measure                               | Description                                                                                                                                                   | Related methodologies                            | Relevant context values                                                               | Required hierarchies |
| ------------------------------------- | ------------------------------------------------------------------------------------------------------------------------------------------------------------- | ------------------------------------------------ | ------------------------------------------------------------------------------------- | -------------------- |
| ETG Incremental Booking               | Incremental variation of the ETG that computes the contribution of the nodes along the BookHierarchy. Refer to the Incremental Measures chapter               | [Incremental](../../../calculations/incremental) | [ETGConfidenceLevel](../../context-values)                                            | BookHierarchy        |
| ETG 97.5 Incremental Booking          | Incremental variation of the ETG 97.5 that computes the contribution of the nodes along the BookHierarchy. Refer to the Incremental Measures chapter          | [Incremental](../../../calculations/incremental) |                                                                                       | BookHierarchy        |
| ETG 99 Incremental Booking            | Incremental variation of the ETG 99 that computes the contribution of the nodes along the BookHierarchy. Refer to the Incremental Measures chapter            | [Incremental](../../../calculations/incremental) |                                                                                       | BookHierarchy        |
| Weighted ETG Incremental Booking      | Incremental variation of the Weighted ETG that computes the contribution of the nodes along the BookHierarchy. Refer to the Incremental Measures chapter      | [Incremental](../../../calculations/incremental) | [ETGConfidenceLevel](../../context-values), [WeightedVaRLambda](../../context-values) | BookHierarchy        |
| Weighted ETG 97.5 Incremental Booking | Incremental variation of the Weighted ETG 97.5 that computes the contribution of the nodes along the BookHierarchy. Refer to the Incremental Measures chapter | [Incremental](../../../calculations/incremental) | [WeightedVaRLambda](../../context-values)                                             | BookHierarchy        |
| Weighted ETG 99 Incremental Booking   | Incremental variation of the Weighted ETG 99 that computes the contribution of the nodes along the BookHierarchy. Refer to the Incremental Measures chapter   | [Incremental](../../../calculations/incremental) | [WeightedVaRLambda](../../context-values)                                             | BookHierarchy        |

**ETG Incremental Booking**

The sum of the `PnLVector` field of the [TradePnLs](../../../datastore/vares/trade-pnl) store is used to compute the etg with two more steps:

1. The [Sub PnL Vector](../../../calculations/sub-vector) transformation to produce `VaRSubVector`.
2. The [FX Effect on VaR](../../../calculations/fx-effect-on-var) calculation to convert it to the display currency as `VaRFXVector`.

The resulting `VaRFXVector` is compared to its drill-up value along the [BookHierarchy](../../dimensions/organization) hierarchy. The [Incremental Measures](../../../calculations/incremental) algorithm is used as the comparator. The compared value is displayed as an ETG measure with a confidence level defined by the [ETGConfidenceLevel](../../context-values) context value, using the [VaR Interpolation](../../../calculations/var-interpolation) method.

**ETG 97.5 Incremental Booking**

The sum of the `PnLVector` field of the [TradePnLs](../../../datastore/vares/trade-pnl) store is used to compute the etg with two more steps:

1. The [Sub PnL Vector](../../../calculations/sub-vector) transformation to produce `VaRSubVector`.
2. The [FX Effect on VaR](../../../calculations/fx-effect-on-var) calculation to convert it to the display currency as `VaRFXVector`.

The resulting `VaRFXVector` is compared to its drill-up value along the [BookHierarchy](../../dimensions/organization) hierarchy. The [Incremental Measures](../../../calculations/incremental) algorithm is used as the comparator. The compared value is displayed as an ETG measure with a 97.5% confidence level, using the [VaR Interpolation](../../../calculations/var-interpolation) method.

**ETG 99 Incremental Booking**

The sum of the `PnLVector` field of the [TradePnLs](../../../datastore/vares/trade-pnl) store is used to compute the etg with two more steps:

1. The [Sub PnL Vector](../../../calculations/sub-vector) transformation to produce `VaRSubVector`.
2. The [FX Effect on VaR](../../../calculations/fx-effect-on-var) calculation to convert it to the display currency as `VaRFXVector`.

The resulting `VaRFXVector` is compared to its drill-up value along the [BookHierarchy](../../dimensions/organization) hierarchy. The [Incremental Measures](../../../calculations/incremental) algorithm is used as the comparator. The compared value is displayed as an ETG measure with a 99% confidence level, using the [VaR Interpolation](../../../calculations/var-interpolation) method.

**Weighted ETG Incremental Booking**

The sum of the `PnLVector` field of the [TradePnLs](../../../datastore/vares/trade-pnl) store is used to compute the weighted etg with two more steps:

1. The [Sub PnL Vector](../../../calculations/sub-vector) transformation to produce `VaRSubVector`.
2. The [FX Effect on VaR](../../../calculations/fx-effect-on-var) calculation to convert it to the display currency as `VaRFXVector`.

The resulting `VaRFXVector` is compared to its drill-up value along the [BookHierarchy](../../dimensions/organization) hierarchy. The [Incremental Measures](../../../calculations/incremental) algorithm is used as the comparator. The compared value is displayed as a Weighted ETG measure with a confidence level defined by the [ETGConfidenceLevel](../../context-values) context value and the [WeightedVaRLambda](../../context-values) decay factor, using the [VaR Interpolation](../../../calculations/var-interpolation) method.

**Weighted ETG 97.5 Incremental Booking**

The sum of the `PnLVector` field of the [TradePnLs](../../../datastore/vares/trade-pnl) store is used to compute the weighted etg with two more steps:

1. The [Sub PnL Vector](../../../calculations/sub-vector) transformation to produce `VaRSubVector`.
2. The [FX Effect on VaR](../../../calculations/fx-effect-on-var) calculation to convert it to the display currency as `VaRFXVector`.

The resulting `VaRFXVector` is compared to its drill-up value along the [BookHierarchy](../../dimensions/organization) hierarchy. The [Incremental Measures](../../../calculations/incremental) algorithm is used as the comparator. The compared value is displayed as a Weighted ETG measure with a 97.5% confidence level, using the [VaR Interpolation](../../../calculations/var-interpolation) method.

**Weighted ETG 99 Incremental Booking**

The sum of the `PnLVector` field of the [TradePnLs](../../../datastore/vares/trade-pnl) store is used to compute the weighted etg with two more steps:

1. The [Sub PnL Vector](../../../calculations/sub-vector) transformation to produce `VaRSubVector`.
2. The [FX Effect on VaR](../../../calculations/fx-effect-on-var) calculation to convert it to the display currency as `VaRFXVector`.

The resulting `VaRFXVector` is compared to its drill-up value along the [BookHierarchy](../../dimensions/organization) hierarchy. The [Incremental Measures](../../../calculations/incremental) algorithm is used as the comparator. The compared value is displayed as a Weighted ETG measure with a 99% confidence level, using the [VaR Interpolation](../../../calculations/var-interpolation) method.

### LEstimated booking

| Measure                              | Description                                                      | Related methodologies                          |
| ------------------------------------ | ---------------------------------------------------------------- | ---------------------------------------------- |
| ETG LEstimated Booking               | Contribution of the upper Booking of Expected Tail Gain          | [Lestimated](../../../calculations/lestimated) |
| ETG 97.5 LEstimated Booking          | Contribution of the upper Booking of ETG 97.5                    | [Lestimated](../../../calculations/lestimated) |
| ETG 99 LEstimated Booking            | Contribution of the upper Booking of ETG 99                      | [Lestimated](../../../calculations/lestimated) |
| Weighted ETG LEstimated Booking      | Contribution of the upper Booking of Weighted Expected Tail Gain | [Lestimated](../../../calculations/lestimated) |
| Weighted ETG 97.5 LEstimated Booking | Contribution of the upper Booking of Weighted ETG 97.5           | [Lestimated](../../../calculations/lestimated) |
| Weighted ETG 99 LEstimated Booking   | Contribution of the upper Booking of Weighted ETG 99             | [Lestimated](../../../calculations/lestimated) |

## Reference level

### Incremental reference level

| Measure                                       | Description                                                                                                    | Related methodologies                            | Relevant context values                                                                                                       |
| --------------------------------------------- | -------------------------------------------------------------------------------------------------------------- | ------------------------------------------------ | ----------------------------------------------------------------------------------------------------------------------------- |
| ETG Incremental Reference Level               | Incremental variation of the ETG. Please refer to the Incremental Measures chapter linked below.               | [Incremental](../../../calculations/incremental) | [ETGConfidenceLevel](../../context-values), [ReferenceLevel](../../context-values)                                            |
| ETG 97.5 Incremental Reference Level          | Incremental variation of the ETG 97.5. Please refer to the Incremental Measures chapter linked below.          | [Incremental](../../../calculations/incremental) | [ReferenceLevel](../../context-values)                                                                                        |
| ETG 99 Incremental Reference Level            | Incremental variation of the ETG 99. Please refer to the Incremental Measures chapter linked below.            | [Incremental](../../../calculations/incremental) | [ReferenceLevel](../../context-values)                                                                                        |
| Weighted ETG Incremental Reference Level      | Incremental variation of the Weighted ETG. Please refer to the Incremental Measures chapter linked below.      | [Incremental](../../../calculations/incremental) | [ETGConfidenceLevel](../../context-values), [WeightedVaRLambda](../../context-values), [ReferenceLevel](../../context-values) |
| Weighted ETG 97.5 Incremental Reference Level | Incremental variation of the Weighted ETG 97.5. Please refer to the Incremental Measures chapter linked below. | [Incremental](../../../calculations/incremental) | [WeightedVaRLambda](../../context-values), [ReferenceLevel](../../context-values)                                             |
| Weighted ETG 99 Incremental Reference Level   | Incremental variation of the Weighted ETG 99. Please refer to the Incremental Measures chapter linked below.   | [Incremental](../../../calculations/incremental) | [WeightedVaRLambda](../../context-values), [ReferenceLevel](../../context-values)                                             |

**ETG Incremental Reference Level**

The sum of the `PnLVector` field of the [TradePnLs](../../../datastore/vares/trade-pnl) store is used to compute the etg with two more steps:

1. The [Sub PnL Vector](../../../calculations/sub-vector) transformation to produce `VaRSubVector`.
2. The [FX Effect on VaR](../../../calculations/fx-effect-on-var) calculation to convert it to the display currency as `VaRFXVector`.

The resulting `VaRFXVector` is compared to its value at the level defined by the [ReferenceLevel](../../context-values) context value. The [Incremental Measures](../../../calculations/incremental) algorithm is used as the comparator. The compared value is displayed as an ETG measure with a confidence level defined by the [ETGConfidenceLevel](../../context-values) context value, using the [VaR Interpolation](../../../calculations/var-interpolation) method.

**ETG 97.5 Incremental Reference Level**

The sum of the `PnLVector` field of the [TradePnLs](../../../datastore/vares/trade-pnl) store is used to compute the etg with two more steps:

1. The [Sub PnL Vector](../../../calculations/sub-vector) transformation to produce `VaRSubVector`.
2. The [FX Effect on VaR](../../../calculations/fx-effect-on-var) calculation to convert it to the display currency as `VaRFXVector`.

The resulting `VaRFXVector` is compared to its value at the level defined by the [ReferenceLevel](../../context-values) context value. The [Incremental Measures](../../../calculations/incremental) algorithm is used as the comparator. The compared value is displayed as an ETG measure with a 97.5% confidence level, using the [VaR Interpolation](../../../calculations/var-interpolation) method.

**ETG 99 Incremental Reference Level**

The sum of the `PnLVector` field of the [TradePnLs](../../../datastore/vares/trade-pnl) store is used to compute the etg with two more steps:

1. The [Sub PnL Vector](../../../calculations/sub-vector) transformation to produce `VaRSubVector`.
2. The [FX Effect on VaR](../../../calculations/fx-effect-on-var) calculation to convert it to the display currency as `VaRFXVector`.

The resulting `VaRFXVector` is compared to its value at the level defined by the [ReferenceLevel](../../context-values) context value. The [Incremental Measures](../../../calculations/incremental) algorithm is used as the comparator. The compared value is displayed as an ETG measure with a 99% confidence level, using the [VaR Interpolation](../../../calculations/var-interpolation) method.

**Weighted ETG Incremental Reference Level**

The sum of the `PnLVector` field of the [TradePnLs](../../../datastore/vares/trade-pnl) store is used to compute the weighted etg with two more steps:

1. The [Sub PnL Vector](../../../calculations/sub-vector) transformation to produce `VaRSubVector`.
2. The [FX Effect on VaR](../../../calculations/fx-effect-on-var) calculation to convert it to the display currency as `VaRFXVector`.

The resulting `VaRFXVector` is compared to its value at the level defined by the [ReferenceLevel](../../context-values) context value. The [Incremental Measures](../../../calculations/incremental) algorithm is used as the comparator. The compared value is displayed as a Weighted ETG measure with a confidence level defined by the [ETGConfidenceLevel](../../context-values) context value and the [WeightedVaRLambda](../../context-values) decay factor, using the [VaR Interpolation](../../../calculations/var-interpolation) method.

**Weighted ETG 97.5 Incremental Reference Level**

The sum of the `PnLVector` field of the [TradePnLs](../../../datastore/vares/trade-pnl) store is used to compute the weighted etg with two more steps:

1. The [Sub PnL Vector](../../../calculations/sub-vector) transformation to produce `VaRSubVector`.
2. The [FX Effect on VaR](../../../calculations/fx-effect-on-var) calculation to convert it to the display currency as `VaRFXVector`.

The resulting `VaRFXVector` is compared to its value at the level defined by the [ReferenceLevel](../../context-values) context value. The [Incremental Measures](../../../calculations/incremental) algorithm is used as the comparator. The compared value is displayed as a Weighted ETG measure with a 97.5% confidence level, using the [VaR Interpolation](../../../calculations/var-interpolation) method.

**Weighted ETG 99 Incremental Reference Level**

The sum of the `PnLVector` field of the [TradePnLs](../../../datastore/vares/trade-pnl) store is used to compute the weighted etg with two more steps:

1. The [Sub PnL Vector](../../../calculations/sub-vector) transformation to produce `VaRSubVector`.
2. The [FX Effect on VaR](../../../calculations/fx-effect-on-var) calculation to convert it to the display currency as `VaRFXVector`.

The resulting `VaRFXVector` is compared to its value at the level defined by the [ReferenceLevel](../../context-values) context value. The [Incremental Measures](../../../calculations/incremental) algorithm is used as the comparator. The compared value is displayed as a Weighted ETG measure with a 99% confidence level, using the [VaR Interpolation](../../../calculations/var-interpolation) method.

### LEstimated reference level

| Measure                                      | Description                                                              | Related methodologies                          |
| -------------------------------------------- | ------------------------------------------------------------------------ | ---------------------------------------------- |
| ETG LEstimated Reference Level               | Contribution of the upper Reference Level of Expected Tail Gain          | [Lestimated](../../../calculations/lestimated) |
| ETG 97.5 LEstimated Reference Level          | Contribution of the upper Reference Level of ETG 97.5                    | [Lestimated](../../../calculations/lestimated) |
| ETG 99 LEstimated Reference Level            | Contribution of the upper Reference Level of ETG 99                      | [Lestimated](../../../calculations/lestimated) |
| Weighted ETG LEstimated Reference Level      | Contribution of the upper Reference Level of Weighted Expected Tail Gain | [Lestimated](../../../calculations/lestimated) |
| Weighted ETG 97.5 LEstimated Reference Level | Contribution of the upper Reference Level of Weighted ETG 97.5           | [Lestimated](../../../calculations/lestimated) |
| Weighted ETG 99 LEstimated Reference Level   | Contribution of the upper Reference Level of Weighted ETG 99             | [Lestimated](../../../calculations/lestimated) |

## Top

### Incremental top

| Measure                           | Description                                                                                                    | Related methodologies                            | Relevant context values                                                               |
| --------------------------------- | -------------------------------------------------------------------------------------------------------------- | ------------------------------------------------ | ------------------------------------------------------------------------------------- |
| ETG Incremental Top               | Incremental variation of the ETG. Please refer to the Incremental Measures chapter linked below.               | [Incremental](../../../calculations/incremental) | [ETGConfidenceLevel](../../context-values)                                            |
| ETG 97.5 Incremental Top          | Incremental variation of the ETG 97.5. Please refer to the Incremental Measures chapter linked below.          | [Incremental](../../../calculations/incremental) |                                                                                       |
| ETG 99 Incremental Top            | Incremental variation of the ETG 99. Please refer to the Incremental Measures chapter linked below.            | [Incremental](../../../calculations/incremental) |                                                                                       |
| Weighted ETG Incremental Top      | Incremental variation of the Weighted ETG. Please refer to the Incremental Measures chapter linked below.      | [Incremental](../../../calculations/incremental) | [ETGConfidenceLevel](../../context-values), [WeightedVaRLambda](../../context-values) |
| Weighted ETG 97.5 Incremental Top | Incremental variation of the Weighted ETG 97.5. Please refer to the Incremental Measures chapter linked below. | [Incremental](../../../calculations/incremental) | [WeightedVaRLambda](../../context-values)                                             |
| Weighted ETG 99 Incremental Top   | Incremental variation of the Weighted ETG 99. Please refer to the Incremental Measures chapter linked below.   | [Incremental](../../../calculations/incremental) | [WeightedVaRLambda](../../context-values)                                             |

**ETG Incremental Top**

The sum of the `PnLVector` field of the [TradePnLs](../../../datastore/vares/trade-pnl) store is used to compute the etg with two more steps:

1. The [Sub PnL Vector](../../../calculations/sub-vector) transformation to produce `VaRSubVector`.
2. The [FX Effect on VaR](../../../calculations/fx-effect-on-var) calculation to convert it to the display currency as `VaRFXVector`.

The resulting `VaRFXVector` is compared to its value at the grand total location. The [Incremental Measures](../../../calculations/incremental) algorithm is used as the comparator. The compared value is displayed as an ETG measure with a confidence level defined by the [ETGConfidenceLevel](../../context-values) context value, using the [VaR Interpolation](../../../calculations/var-interpolation) method.

**ETG 97.5 Incremental Top**

The sum of the `PnLVector` field of the [TradePnLs](../../../datastore/vares/trade-pnl) store is used to compute the etg with two more steps:

1. The [Sub PnL Vector](../../../calculations/sub-vector) transformation to produce `VaRSubVector`.
2. The [FX Effect on VaR](../../../calculations/fx-effect-on-var) calculation to convert it to the display currency as `VaRFXVector`.

The resulting `VaRFXVector` is compared to its value at the grand total location. The [Incremental Measures](../../../calculations/incremental) algorithm is used as the comparator. The compared value is displayed as an ETG measure with a 97.5% confidence level, using the [VaR Interpolation](../../../calculations/var-interpolation) method.

**ETG 99 Incremental Top**

The sum of the `PnLVector` field of the [TradePnLs](../../../datastore/vares/trade-pnl) store is used to compute the etg with two more steps:

1. The [Sub PnL Vector](../../../calculations/sub-vector) transformation to produce `VaRSubVector`.
2. The [FX Effect on VaR](../../../calculations/fx-effect-on-var) calculation to convert it to the display currency as `VaRFXVector`.

The resulting `VaRFXVector` is compared to its value at the grand total location. The [Incremental Measures](../../../calculations/incremental) algorithm is used as the comparator. The compared value is displayed as an ETG measure with a 99% confidence level, using the [VaR Interpolation](../../../calculations/var-interpolation) method.

**Weighted ETG Incremental Top**

The sum of the `PnLVector` field of the [TradePnLs](../../../datastore/vares/trade-pnl) store is used to compute the weighted etg with two more steps:

1. The [Sub PnL Vector](../../../calculations/sub-vector) transformation to produce `VaRSubVector`.
2. The [FX Effect on VaR](../../../calculations/fx-effect-on-var) calculation to convert it to the display currency as `VaRFXVector`.

The resulting `VaRFXVector` is compared to its value at the grand total location. The [Incremental Measures](../../../calculations/incremental) algorithm is used as the comparator. The compared value is displayed as a Weighted ETG measure with a confidence level defined by the [ETGConfidenceLevel](../../context-values) context value and the [WeightedVaRLambda](../../context-values) decay factor, using the [VaR Interpolation](../../../calculations/var-interpolation) method.

**Weighted ETG 97.5 Incremental Top**

The sum of the `PnLVector` field of the [TradePnLs](../../../datastore/vares/trade-pnl) store is used to compute the weighted etg with two more steps:

1. The [Sub PnL Vector](../../../calculations/sub-vector) transformation to produce `VaRSubVector`.
2. The [FX Effect on VaR](../../../calculations/fx-effect-on-var) calculation to convert it to the display currency as `VaRFXVector`.

The resulting `VaRFXVector` is compared to its value at the grand total location. The [Incremental Measures](../../../calculations/incremental) algorithm is used as the comparator. The compared value is displayed as a Weighted ETG measure with a 97.5% confidence level, using the [VaR Interpolation](../../../calculations/var-interpolation) method.

**Weighted ETG 99 Incremental Top**

The sum of the `PnLVector` field of the [TradePnLs](../../../datastore/vares/trade-pnl) store is used to compute the weighted etg with two more steps:

1. The [Sub PnL Vector](../../../calculations/sub-vector) transformation to produce `VaRSubVector`.
2. The [FX Effect on VaR](../../../calculations/fx-effect-on-var) calculation to convert it to the display currency as `VaRFXVector`.

The resulting `VaRFXVector` is compared to its value at the grand total location. The [Incremental Measures](../../../calculations/incremental) algorithm is used as the comparator. The compared value is displayed as a Weighted ETG measure with a 99% confidence level, using the [VaR Interpolation](../../../calculations/var-interpolation) method.

### LEstimated top

| Measure                          | Description                                                  | Related methodologies                          |
| -------------------------------- | ------------------------------------------------------------ | ---------------------------------------------- |
| ETG LEstimated Top               | Contribution of the upper Top of Expected Tail Gain          | [Lestimated](../../../calculations/lestimated) |
| ETG 97.5 LEstimated Top          | Contribution of the upper Top of ETG 97.5                    | [Lestimated](../../../calculations/lestimated) |
| ETG 99 LEstimated Top            | Contribution of the upper Top of ETG 99                      | [Lestimated](../../../calculations/lestimated) |
| Weighted ETG LEstimated Top      | Contribution of the upper Top of Weighted Expected Tail Gain | [Lestimated](../../../calculations/lestimated) |
| Weighted ETG 97.5 LEstimated Top | Contribution of the upper Top of Weighted ETG 97.5           | [Lestimated](../../../calculations/lestimated) |
| Weighted ETG 99 LEstimated Top   | Contribution of the upper Top of Weighted ETG 99             | [Lestimated](../../../calculations/lestimated) |

## Trades

### Incremental trades

<Note>
  ETG base has no Incremental Trades measure. This section covers ETG 97.5, ETG 99, and all Weighted ETG variants.
</Note>

| Measure                              | Description                                                                                                                        | Related methodologies                            | Relevant context values                                                               | Required hierarchies |
| ------------------------------------ | ---------------------------------------------------------------------------------------------------------------------------------- | ------------------------------------------------ | ------------------------------------------------------------------------------------- | -------------------- |
| ETG 97.5 Incremental Trades          | Incremental variation of the ETG 97.5 that computes the contribution of trades. Refer to the Incremental Measures chapter          | [Incremental](../../../calculations/incremental) |                                                                                       | Trades               |
| ETG 99 Incremental Trades            | Incremental variation of the ETG 99 that computes the contribution of trades. Refer to the Incremental Measures chapter            | [Incremental](../../../calculations/incremental) |                                                                                       | Trades               |
| Weighted ETG Incremental Trades      | Incremental variation of the Weighted ETG that computes the contribution of trades. Refer to the Incremental Measures chapter      | [Incremental](../../../calculations/incremental) | [ETGConfidenceLevel](../../context-values), [WeightedVaRLambda](../../context-values) | Trades               |
| Weighted ETG 97.5 Incremental Trades | Incremental variation of the Weighted ETG 97.5 that computes the contribution of trades. Refer to the Incremental Measures chapter | [Incremental](../../../calculations/incremental) | [WeightedVaRLambda](../../context-values)                                             | Trades               |
| Weighted ETG 99 Incremental Trades   | Incremental variation of the Weighted ETG 99 that computes the contribution of trades. Refer to the Incremental Measures chapter   | [Incremental](../../../calculations/incremental) | [WeightedVaRLambda](../../context-values)                                             | Trades               |

**ETG 97.5 Incremental Trades**

The sum of the `PnLVector` field of the [TradePnLs](../../../datastore/vares/trade-pnl) store is used to compute the etg with two more steps:

1. The [Sub PnL Vector](../../../calculations/sub-vector) transformation to produce `VaRSubVector`.
2. The [FX Effect on VaR](../../../calculations/fx-effect-on-var) calculation to convert it to the display currency as `VaRFXVector`.

The resulting `VaRFXVector` is compared to its drill-up value along the [Trades](../../dimensions/booking) hierarchy. The [Incremental Measures](../../../calculations/incremental) algorithm is used as the comparator. The compared value is displayed as an ETG measure with a 97.5% confidence level, using the [VaR Interpolation](../../../calculations/var-interpolation) method.

**ETG 99 Incremental Trades**

The sum of the `PnLVector` field of the [TradePnLs](../../../datastore/vares/trade-pnl) store is used to compute the etg with two more steps:

1. The [Sub PnL Vector](../../../calculations/sub-vector) transformation to produce `VaRSubVector`.
2. The [FX Effect on VaR](../../../calculations/fx-effect-on-var) calculation to convert it to the display currency as `VaRFXVector`.

The resulting `VaRFXVector` is compared to its drill-up value along the [Trades](../../dimensions/booking) hierarchy. The [Incremental Measures](../../../calculations/incremental) algorithm is used as the comparator. The compared value is displayed as an ETG measure with a 99% confidence level, using the [VaR Interpolation](../../../calculations/var-interpolation) method.

**Weighted ETG Incremental Trades**

The sum of the `PnLVector` field of the [TradePnLs](../../../datastore/vares/trade-pnl) store is used to compute the weighted etg with two more steps:

1. The [Sub PnL Vector](../../../calculations/sub-vector) transformation to produce `VaRSubVector`.
2. The [FX Effect on VaR](../../../calculations/fx-effect-on-var) calculation to convert it to the display currency as `VaRFXVector`.

The resulting `VaRFXVector` is compared to its drill-up value along the [Trades](../../dimensions/booking) hierarchy. The [Incremental Measures](../../../calculations/incremental) algorithm is used as the comparator. The compared value is displayed as a Weighted ETG measure with a confidence level defined by the [ETGConfidenceLevel](../../context-values) context value and the [WeightedVaRLambda](../../context-values) decay factor, using the [VaR Interpolation](../../../calculations/var-interpolation) method.

**Weighted ETG 97.5 Incremental Trades**

The sum of the `PnLVector` field of the [TradePnLs](../../../datastore/vares/trade-pnl) store is used to compute the weighted etg with two more steps:

1. The [Sub PnL Vector](../../../calculations/sub-vector) transformation to produce `VaRSubVector`.
2. The [FX Effect on VaR](../../../calculations/fx-effect-on-var) calculation to convert it to the display currency as `VaRFXVector`.

The resulting `VaRFXVector` is compared to its drill-up value along the [Trades](../../dimensions/booking) hierarchy. The [Incremental Measures](../../../calculations/incremental) algorithm is used as the comparator. The compared value is displayed as a Weighted ETG measure with a 97.5% confidence level, using the [VaR Interpolation](../../../calculations/var-interpolation) method.

**Weighted ETG 99 Incremental Trades**

The sum of the `PnLVector` field of the [TradePnLs](../../../datastore/vares/trade-pnl) store is used to compute the weighted etg with two more steps:

1. The [Sub PnL Vector](../../../calculations/sub-vector) transformation to produce `VaRSubVector`.
2. The [FX Effect on VaR](../../../calculations/fx-effect-on-var) calculation to convert it to the display currency as `VaRFXVector`.

The resulting `VaRFXVector` is compared to its drill-up value along the [Trades](../../dimensions/booking) hierarchy. The [Incremental Measures](../../../calculations/incremental) algorithm is used as the comparator. The compared value is displayed as a Weighted ETG measure with a 99% confidence level, using the [VaR Interpolation](../../../calculations/var-interpolation) method.

### LEstimated trades

| Measure                             | Description                                                     | Related methodologies                          |
| ----------------------------------- | --------------------------------------------------------------- | ---------------------------------------------- |
| ETG LEstimated Trades               | Contribution of the upper Trades of Expected Tail Gain          | [Lestimated](../../../calculations/lestimated) |
| ETG 97.5 LEstimated Trades          | Contribution of the upper Trades of ETG 97.5                    | [Lestimated](../../../calculations/lestimated) |
| ETG 99 LEstimated Trades            | Contribution of the upper Trades of ETG 99                      | [Lestimated](../../../calculations/lestimated) |
| Weighted ETG LEstimated Trades      | Contribution of the upper Trades of Weighted Expected Tail Gain | [Lestimated](../../../calculations/lestimated) |
| Weighted ETG 97.5 LEstimated Trades | Contribution of the upper Trades of Weighted ETG 97.5           | [Lestimated](../../../calculations/lestimated) |
| Weighted ETG 99 LEstimated Trades   | Contribution of the upper Trades of Weighted ETG 99             | [Lestimated](../../../calculations/lestimated) |