For another project, I once programmed some risk analysis for the S&P
500 (green line) as well as for the portfolio of my ATS (black line).
If you ever want to sell an ATS to a financial manager, he or she will
ask you for these figures. They are

yearly volatility
drawdown
value at risk (VAR 95%)
shortfall (based on VAR 95%)

As you can see on the graph, the S&P 500 (or ES) was a risky asset as
to the end of 2008 shortfall approached -7% which is considered a very
bad value.

I have reproduced these graphs for the time frame of 2008 to present,
if you ever plan to program these and compare your results on the S&P
500 with mine.

Now if I could figure out how to supply that "Risk Analysis S&P
500.jpg" file in this forum I would do it. Please advise me.

Alexander

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