SPY: 60-day return history, mean=0.0020, std=0.0076.

Question:
Asset: SPY
Daily returns (past 60 days): mean=0.0020, std=0.0076, min=-0.0208, max=0.0208
Market regime: sideways
Recent filing/news:
[SEC 10-Q KO 2024-10-24] ko-20240927 false 12/31 Q3 2024 0000021344 http://fasb.org/us-gaap/2024#OtherAssetsNoncurrent http://fasb.org/us-gaap/2024#PrepaidExpenseAndOtherAssetsCurrent http://fasb.org/us-gaap/2024#OtherAssetsNoncurrent http://fasb.org/us-gaap/2024#PrepaidExpenseAndOtherAssetsCurrent http://fasb.org/us-gaap/2024#OtherAssetsNoncurrent http://fasb.org/us-gaap/2024#PrepaidExpenseAndOtherAssetsCurrent http://fasb.org/us-gaap/2024#OtherAssetsNoncurrent http://fasb.org/us-gaap/2024#PrepaidExpenseAndOtherAssetsCurrent http://fasb.org/us-gaap/2024#InterestExpenseNonoperating http://fasb.org/us-gaap/2024#InterestExpenseNonoperating http://fasb.org/us-gaap/2024#InterestExpenseNonoperating http://fasb.org/us-gaap/2024#InterestExpenseNonoperating http://fasb.org/us-gaap/2024#InterestExpenseNonoperating http://fasb.org/us-gaap/2024#InterestExpenseNonoperating http://fasb.org/us-gaap/2024#InterestExpenseNonoperating http://fasb.org/us-gaap/2024#InterestExpenseNonoperating http://fasb.org/us-gaap/2024#InterestExpenseNonoperating http://fasb.org/us-gaap/2024#InterestExpenseNonoperating http://fasb.org/us-gaap/2024#InterestExpenseNonoperating http://fasb.org/us-gaap/2024#InterestExpenseNonoperating http://fasb.org/us-gaap/2024#InterestExpenseNonoperating http://fasb.org/us-gaap/2024#InterestExpenseNonoperating http://fasb.org/us-gaap/2024#InterestExpenseNonoperating http://fasb.org/us-gaap/2024#InterestExpenseNonoperating http://fasb.org/us-gaap/2024#CostOfGoodsAndServicesSold http://fasb.org/us-gaap/2024#CostOfGoodsAndServicesSold http://fasb.org/us-gaap/2024#CostOfGoodsAndServicesSold http://fasb.org/us-gaap/2024#CostOfGoodsAndServicesSold http://fasb.org/us-gaap/2024#SellingGeneralAndAdministrativeExpense http://fasb.org/us-gaap/2024#SellingGeneralAndAdministrativeExpense http://fasb.org/us-gaap/2024#SellingGeneralAndAdministrativeExpense http://fasb.org/us-gaap/2024#SellingGeneralAndAdministrativeExpense http://fasb.org/us-gaap/2024#CostOfGoodsAndServicesSold http://fasb.org/us-gaap/2024#CostOfGoodsAndServicesSold http://fasb.org/us-gaap/2024#CostOfGoodsAndServicesSold http://fasb.org/us-gaap/2024#CostOfGoodsAndServicesSold http://fasb.org/us-gaap/2024#SellingGeneralAndAdministrativeExpense http://fasb.org/us-gaap/2024#SellingGeneralAndAdministrativeExpense http://fasb.org/us-gaap/2024#SellingGeneralAndAdministrativeExpense http://fasb.org/us-gaap/2024#SellingGeneralAndAdministrativeExpense http://fasb.org/us-gaap/2024#AccountsPayableAndAccruedLiabilitiesCurrent http://fasb.org/us-gaap/2024#AccountsPayableAndAccruedLiabilitiesCurrent http://fasb.org/us-gaap/2024#EquityMethodInvestments http://fasb.org/us-gaap/2024#OtherAssetsNoncurrent http://fasb.org/us-gaap/2024#OtherLiabilitiesNoncurrent http://fasb.org/us-gaap/2024#OtherAssetsNoncurrent http://fasb.org/us-gaap/2024#OtherLiabilitiesNoncurrent xbrli:shares iso4217:USD iso4217:USD xbrli:shares iso4217:EUR xbrli:pure 0000021344 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ko:BangladeshBottlingOperationsMember 2024-09-27 0000021344 ko:PhilippinesBottlingOperationsMember 2024-01-01 2024-09-27 0000021344 country:US ko:ConcentrateOperationsMember 2024-06-29 2024-09-27 0000021344 ko:InternationalMember ko:ConcentrateOperationsMember 2024-06-29 2024-09-27 0000021344 ko:ConcentrateOperationsMember 2024-06-29 2024-09-27 0000021344 country:US ko:FinishedProductOperationsMember 2024-06-29 2024-09-27 0000021344 ko:InternationalMember ko:FinishedProductOperationsMember 2024-06-29 2024-09-27 0000021344 ko:FinishedProductOperationsMember 2024-06-29 2024-09-27 0000021344 country:US 2024-06-29 2024-09-27 0000021344 ko:InternationalMember 2024-06-29 2024-09-27 0000021344 country:US ko:ConcentrateOperationsMember 2023-07-01 2023-09-29 0000021344 ko:InternationalMember ko:ConcentrateOperationsMember 2023-07-01 2023-09-29 0000021344 ko:ConcentrateOperationsMember 2023-07-01 2023-09-29 0000021344 country:US ko:FinishedProductOperationsMember 2023-07-01 2023-09-29 0000021344 ko:InternationalMember ko:FinishedProductOperationsMember 2023-07-01 2023-09-29 0000021344 ko:FinishedProductOperationsMember 2 [...TRUNCATED...]  among Coca-Cola Refreshments USA, Inc., the Company and Deutsche Bank Trust Company Americas, as trustee — incorporated herein by reference to Exhibit 4.3 to the Company’s Current Report on Form 8-K filed on June 2 3, 2017. 4.51 Third Supplemental Indenture, dated as of July 5, 2017, to the Indenture, dated as of July 30, 1991, as amended, among Coca-Cola Refreshments USA, Inc., the Company and Deutsche Bank Trust Company Americas, as trustee — incorporated herein by reference to Exhibit 4.3 to the Company’s Current Report on Form 8-K filed on July 6, 2017. 10.1 Supplemental Award Notification — 2022 and 2023 Performance Share Units under The Coca-Cola 2014 Equity Plan — incorporated herein by reference to Exhibit 10.1 to the Company’s Form 8-K filed on August 21, 2024. 10.2 Supplemental Award Notification — 2022 and 2023 Restricted Stock Units under The Coca-Cola 2014 Equity Plan — incorporated herein by reference to Exhibit 10.2 to the Company’s Form 8-K filed on August 21, 2024. 31.1 Rule 13a-14(a)/15d-14(a) Certification, executed by James Quincey, Chairman of the Board of Directors and Chief Executive Officer of The Coca-Cola Company. 31.2 Rule 13a-14(a)/15d-14(a) Certification, executed by John Murphy, President and Chief Financial Officer of The Coca-Cola Company. 32.1 Certifications required by Rule 13a-14(b) or Rule 15d-14(b) and Section 1350 of Chapter 63 of Title 18 of the United States Code (18 U.S.C. Section 1350), executed by James Quincey, Chairman of the Board of Directors and Chief Executive Officer of The Coca-Cola Company, and by John Murphy, President and Chief Financial Officer of The Coca-Cola Company. 101 The following financial information from The Coca-Cola Company’s Quarterly Report on Form 10-Q for the quarter ended September 27, 2024, formatted in iXBRL (Inline Extensible Business Reporting Language): (i) Consolidated Statements of Income for the three and nine months ended September 27, 2024 and September 29, 2023; (ii) Consolidated Statements of Comprehensive Income for the three and nine months ended September 27, 2024 and September 29, 2023; (iii) Consolidated Balance Sheets as of September 27, 2024 and December 31, 2023; (iv) Consolidated Statements of Cash Flows for the nine months ended September 27, 2024 and September 29, 2023; and (v) Notes to Consolidated Financial Statements. 104 Cover Page Interactive Data File (the cover page XBRL tags are embedded within the iXBRL document and included in Exhibit 101). 57 SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.     THE COCA-COLA COMPANY (Registrant) /s/ ERIN MAY Date: October 24, 2024 Erin May Senior Vice President, Controller and Chief Accounting Officer (Principal Accounting Officer) 58

Using the historical simulation method, compute the 1-day VaR at 95% confidence level for SPY. Express as a decimal (e.g., -0.02).

Answer: -0.0091

Explanation: Historical simulation VaR at 95%: sort the 60 daily returns and take the 5th percentile. VaR(95%) = -0.0091 (i.e., on a bad day with 5% probability, the loss exceeds 0.91%). CVaR(95%) = -0.0156.


SOL-USD: 60-day return history, mean=-0.0009, std=0.0478.

Question:
Asset: SOL-USD
Daily returns (past 60 days): mean=-0.0009, std=0.0478, min=-0.1182, max=0.1144
Market regime: sideways
Recent filing/news:
[Kaggle 2023-03-21]

Using the historical simulation method, compute the 1-day VaR at 95% confidence level for SOL-USD. Express as a decimal (e.g., -0.02).

Answer: -0.0785

Explanation: Historical simulation VaR at 95%: sort the 60 daily returns and take the 5th percentile. VaR(95%) = -0.0785 (i.e., on a bad day with 5% probability, the loss exceeds 7.85%). CVaR(95%) = -0.0973.


VCIT: 60-day return history, mean=0.0015, std=0.0048.

Question:
Asset: VCIT
Daily returns (past 60 days): mean=0.0015, std=0.0048, min=-0.0086, max=0.0100
Market regime: sideways

Using the historical simulation method, compute the 1-day VaR at 95% confidence level for VCIT. Express as a decimal (e.g., -0.02).

Answer: -0.0067

Explanation: Historical simulation VaR at 95%: sort the 60 daily returns and take the 5th percentile. VaR(95%) = -0.0067 (i.e., on a bad day with 5% probability, the loss exceeds 0.67%). CVaR(95%) = -0.0074.


XLU: 60-day return history, mean=0.0011, std=0.0117.

Question:
Asset: XLU
Daily returns (past 60 days): mean=0.0011, std=0.0117, min=-0.0339, max=0.0271
Market regime: sideways
Recent filing/news:
[Kaggle 2023-12-26] ["Apple Watch ban goes into effect, Bristol Myers buying RayzeBio: Yahoo Finance Live Apple (AAPL) is appealing a ban on US sales of its Apple Watch Series 9 and Ultra 2. The ban stems from a patent dispute over pulse oximetry technology that is used in the watches. There is also deal news, with shares of RayzeBio (RYZB) doubling after it was announced Bristol Myers Squibb (BMY) was buying the company in a $4.1 billion agreement. Also on Yahoo Finance at 4 p.m. ET, Ark Invest\u2019s Cathie Wood talks Tesla (TSLA) and the potential for a spot bitcoin ETF to be approved. Trending tickers on Yahoo Finance include Intel (INTC), Nio (NIO), and Nvidia (NVDA).Top guests on Yahoo Finance Live today include:3:05 p.m. ET - Tom Hainlin, U.S. Bank Wealth Management Senior Investment Strategist3:25 p.m. ET - Greg Martin, Managing Director of Rainmaker Securities3:50 p.m. ET - Shehzad Qazi, China Beige Book International Managing Director4:05 p.m. ET - Nick Powills, Mainland CEO, 1851 Franchise Publisher, and The Melting Pot Board Member", "Apple seeks a path to getting 2 of its best watches back on shelves during a bitter patent dispute Apple filed an emergency motion seeking court permission to begin selling two of its most popular watches again until a final decision on its broader appeal in a bitter patent dispute is decided. The company cut off sales right before the Christmas holiday and in a motion filed Tuesday, Apple said it would suffer \u201cirreparable harm\u201d if previous court orders remain for the two weeks that it said the U.S. International Trade Commission will take to respond to its appeal. The disruption will likely cost Apple about $300-400 million in holiday-season sales, estimated Wedbush Securities analyst Dan Ives.", "Bitcoin Dips Below $42,000 While Memecoin Rally Shows Signs of Stalling (Bloomberg) -- Bitcoin dropped below $42,000 for the first time in a week and the recent rally in memecoins has started to show signs of stalling. Most Read from BloombergGoldman\u2019s Painful 2023 Lesson on China Forces Rethink of Emerging MarketsS&P 500 Trades Within a Whisker of All-Time High: Markets WrapApple to Fight Watch Ban in Court After White House Declines to ActHow Were So Many Economists So Wrong About the Recession?Ethiopia Fails to Pay Coupon, Becoming Latest African DefaulterThe lar", "25 Technologies That Have Changed the World In this article, we will be analyzing the evolution of technology while covering the 25 technologies that have changed the world. If you wish to skip our detailed analysis, you can move directly to the 5 Technologies That Have Changed the World. Technology Over the Years Following the dot com bubble burst, technology successfully rebounded. [\u2026]", "South Korea\u2019s Consumers Turn Less Pessimistic as Inflation Eases (Bloomberg) -- South Korean consumers turned less pessimistic this month as inflation eased and exports improved.Most Read from BloombergS&P 500 Trades Within a Whisker of All-Time High: Ma

Using the historical simulation method, compute the 1-day VaR at 95% confidence level for XLU. Express as a decimal (e.g., -0.02).

Answer: -0.0176

Explanation: Historical simulation VaR at 95%: sort the 60 daily returns and take the 5th percentile. VaR(95%) = -0.0176 (i.e., on a bad day with 5% probability, the loss exceeds 1.76%). CVaR(95%) = -0.0245.


ACWI: 60-day return history, mean=0.0020, std=0.0075.

Question:
Asset: ACWI
Daily returns (past 60 days): mean=0.0020, std=0.0075, min=-0.0144, max=0.0216
Market regime: sideways
Recent filing/news:
[Kaggle 2023-12-29] ["2 Overheated Stocks That Could Tumble in 2024 No one can predict what the stock market, or any individual stock, will do in 2024. The stock market surged in 2023, which was probably not on many investors' bingo cards in January. But one thing investors can do is avoid investments where the odds are stacked against them. Paying too high a price for even the best company can lead to subpar results. Two stocks that look far too expensive going into 2024 are Nvidia (NASDAQ: NVDA) and Apple (NASDAQ: AAPL). Nvidia Nvidia is the leader of artificial intelligence. The company's data center GPUs are selling faster than they can be made. Training advanced large language models, like those that power ChatGPT, requires incredible computational horsepower. Nvidia's proprietary CUDA compute platform has been around since 2007, pairing with its world-class hardware to create a competitive advantage that has been difficult for anyone to overcome so far. While Nvidia may appear untouchable, its days of absolute dominance won't last. If estimates for how big the AI accelerator market will become are close to accurate, there will be mammoth incentives for the tech industry to ensure that there are options beyond Nvidia. AMD expects the market for AI chips to grow nearly tenfold by 2027 to $400 billion. Nvidia's market share is almost certain to shrink as alternatives balloon, and as buyers of AI accelerators optimize for total cost of ownership. Nvidia's growth has been incredible in 2023, and its profits have soared even faster than revenue. The company's profit margins are the highest they've ever been. But the shortage of AI chips won't last forever as competitors race to bring alternatives to market, and neither will the gold rush mentality surrounding AI. Nvidia's software advantage will be chipped away, although that process may take a while. Nvidia is valued at around $1.22 trillion. That's about 40 times the average analyst estimate for earnings. That valuation doesn't seem unreasonable at first glance, but you must be willing to assume that Nvidia's incredible profit margins and growth rate will persist. What if they don't? What if the companies spending big to train large language models find that turning those models into sustainable businesses is tougher than expected? What if competing chips from AMD, Intel, and others provide viable alternatives to Nvidia's pricey products? Taking current growth rates and extrapolating out years is a dangerous thing to do, especially in a very new market. ChatGPT, which kicked off the AI frenzy, has only existed for about a year. If there's any sign that Nvidia is running into trouble in 2024, the stock has a long way to fall. Apple What's Apple's growth story? After a big surge during the pandemic's height, revenue has essentially stagnated in the post-pandemic period. Revenue slipped 1% year over year in the fiscal fourth quarter, which ended on Sept. 30, and an import ban on the Apple Watch isn't going to help ma

Using the historical simulation method, compute the 1-day VaR at 95% confidence level for ACWI. Express as a decimal (e.g., -0.02).

Answer: -0.0120

Explanation: Historical simulation VaR at 95%: sort the 60 daily returns and take the 5th percentile. VaR(95%) = -0.0120 (i.e., on a bad day with 5% probability, the loss exceeds 1.20%). CVaR(95%) = -0.0138.


ETH-USD: 60-day return history, mean=0.0077, std=0.0246.

Question:
Asset: ETH-USD
Daily returns (past 60 days): mean=0.0077, std=0.0246, min=-0.0583, max=0.0743
Market regime: sideways
Recent filing/news:
[Kaggle 2023-12-19]

Using the historical simulation method, compute the 1-day VaR at 95% confidence level for ETH-USD. Express as a decimal (e.g., -0.02).

Answer: -0.0266

Explanation: Historical simulation VaR at 95%: sort the 60 daily returns and take the 5th percentile. VaR(95%) = -0.0266 (i.e., on a bad day with 5% probability, the loss exceeds 2.66%). CVaR(95%) = -0.0431.


XLU: 60-day return history, mean=0.0004, std=0.0102.

Question:
Asset: XLU
Daily returns (past 60 days): mean=0.0004, std=0.0102, min=-0.0235, max=0.0271
Market regime: sideways
Recent filing/news:
[Kaggle 2024-01-09] ["Is iShares Semiconductor ETF (SOXX) a Strong ETF Right Now? The iShares Semiconductor ETF (SOXX) was launched on 07/10/2001, and is a smart beta exchange traded fund designed to offer broad exposure to the Technology ETFs category of the market. What Are Smart Beta ETFs? The ETF industry has long been dominated by products based on market cap weighted indexes, a strategy created to reflect the market or a particular market segment. Market cap weighted indexes offer a low-cost, convenient, and transparent way of replicating market returns, and are a good option for investors who believe in market efficiency. However, some investors believe in the possibility of beating the market through exceptional stock selection, and choose a different type of fund that tracks non-cap weighted strategies: smart beta. Based on specific fundamental characteristics, or a combination of such, these indexes attempt to pick stocks that have a better chance of risk-return performance. The smart beta space gives investors many different choices, from equal-weighting, one of the simplest strategies, to more complicated ones like fundamental and volatility/momentum based weighting. However, not all of these methodologies have been able to deliver remarkable returns. Fund Sponsor & Index The fund is managed by Blackrock, and has been able to amass over $9.93 billion, which makes it one of the largest ETFs in the Technology ETFs. SOXX, before fees and expenses, seeks to match the performance of the PHLX SOX Semiconductor Sector Index. The ICE Semiconductor Index measures the performance of U.S. traded securities of companies engaged in the semiconductor business. Cost & Other Expenses Investors should also pay attention to an ETF's expense ratio. Lower cost products will produce better results than those with a higher cost, assuming all other metrics remain the same. Operating expenses on an annual basis are 0.35% for SOXX, making it one of the least expensive products in the space. It's 12-month trailing dividend yield comes in at 0.81%. Sector Exposure and Top Holdings Even though ETFs offer diversified exposure that minimizes single stock risk, investors should also look at the actual holdings inside the fund. Luckily, most ETFs are very transparent products that disclose their holdings on a daily basis. Representing 100% of the portfolio, the fund has heaviest allocation to the Information Technology sector. Taking into account individual holdings, Advanced Micro Devices Inc (AMD) accounts for about 9.48% of the fund's total assets, followed by Broadcom Inc (AVGO) and Intel Corporation Corp (INTC). SOXX's top 10 holdings account for about 59.63% of its total assets under management. Performance and Risk So far this year, SOXX has lost about -2.88%, and was up about 55.09% in the last one year (as of 01/09/2024). During this past 52-week period, the fund has traded between $373.83 and $581.45. The ETF has a beta of 1.37 and standard deviation of 34.63% for the trailin

Using the historical simulation method, compute the 1-day VaR at 95% confidence level for XLU. Express as a decimal (e.g., -0.02).

Answer: -0.0148

Explanation: Historical simulation VaR at 95%: sort the 60 daily returns and take the 5th percentile. VaR(95%) = -0.0148 (i.e., on a bad day with 5% probability, the loss exceeds 1.48%). CVaR(95%) = -0.0205.


MORT: 60-day return history, mean=0.0028, std=0.0169.

Question:
Asset: MORT
Daily returns (past 60 days): mean=0.0028, std=0.0169, min=-0.0384, max=0.0390
Market regime: sideways

Using the historical simulation method, compute the 1-day VaR at 95% confidence level for MORT. Express as a decimal (e.g., -0.02).

Answer: -0.0241

Explanation: Historical simulation VaR at 95%: sort the 60 daily returns and take the 5th percentile. VaR(95%) = -0.0241 (i.e., on a bad day with 5% probability, the loss exceeds 2.41%). CVaR(95%) = -0.0293.


EFA: 60-day return history, mean=0.0029, std=0.0112.

Question:
Asset: EFA
Daily returns (past 60 days): mean=0.0029, std=0.0112, min=-0.0259, max=0.0259
Market regime: sideways
Recent filing/news:
[Kaggle 2023-01-18] ["AAPL September 2024 Options Begin Trading Investors in Apple Inc (Symbol: AAPL) saw new options become available today, for the September 2024 expiration. One of the key inputs that goes into the price an option buyer is willing to pay, is the time value, so with 611 days until expiration the newly available contracts represent a potential opportunity for sellers of puts or calls to achieve a higher premium than would be available for the contracts with a closer expiration. At Stock Options Channel, our YieldBoost formula has looked up and down the AAPL options chain for the new September 2024 contracts and identified one put and one call contract of particular interest. The put contract at the $135.00 strike price has a current bid of $15.20. If an investor was to sell-to-open that put contract, they are committing to purchase the stock at $135.00, but will also collect the premium, putting the cost basis of the shares at $119.80 (before broker commissions). To an investor already interested in purchasing shares of AAPL, that could represent an attractive alternative to paying $136.98/share today. Because the $135.00 strike represents an approximate 1% discount to the current trading price of the stock (in other words it is out-of-the-money by that percentage), there is also the possibility that the put contract would expire worthless. The current analytical data (including greeks and implied greeks) suggest the current odds of that happening are 99%. Stock Options Channel will track those odds over time to see how they change, publishing a chart of those numbers on our website under the contract detail page for this contract. Should the contract expire worthless, the premium would represent a 11.26% return on the cash commitment, or 6.73% annualized \u2014 at Stock Options Channel we call this the YieldBoost. Below is a chart showing the trailing twelve month trading history for Apple Inc, and highlighting in green where the $135.00 strike is located relative to that history: Turning to the calls side of the option chain, the call contract at the $140.00 strike price has a current bid of $22.40. If an investor was to purchase shares of AAPL stock at the current price level of $136.98/share, and then sell-to-open that call contract as a \"covered call,\" they are committing to sell the stock at $140.00. Considering the call seller will also collect the premium, that would drive a total return (excluding dividends, if any) of 18.56% if the stock gets called away at the September 2024 expiration (before broker commissions). Of course, a lot of upside could potentially be left on the table if AAPL shares really soar, which is why looking at the trailing twelve month trading history for Apple Inc, as well as studying the business fundamentals becomes important. Below is a chart showing AAPL's trailing twelve month trading history, with the $140.00 strike highlighted in red: Considering the fact that the $140.00 strike represents an approximate 2%

Using the historical simulation method, compute the 1-day VaR at 95% confidence level for EFA. Express as a decimal (e.g., -0.02).

Answer: -0.0133

Explanation: Historical simulation VaR at 95%: sort the 60 daily returns and take the 5th percentile. VaR(95%) = -0.0133 (i.e., on a bad day with 5% probability, the loss exceeds 1.33%). CVaR(95%) = -0.0182.


LINK-USD: 60-day return history, mean=0.0045, std=0.0437.

Question:
Asset: LINK-USD
Daily returns (past 60 days): mean=0.0045, std=0.0437, min=-0.0785, max=0.1223
Market regime: sideways
Recent filing/news:
[Kaggle 2023-12-19]

Using the historical simulation method, compute the 1-day VaR at 95% confidence level for LINK-USD. Express as a decimal (e.g., -0.02).

Answer: -0.0598

Explanation: Historical simulation VaR at 95%: sort the 60 daily returns and take the 5th percentile. VaR(95%) = -0.0598 (i.e., on a bad day with 5% probability, the loss exceeds 5.98%). CVaR(95%) = -0.0694.


ADA-USD: 60-day return history, mean=-0.0041, std=0.0480.

Question:
Asset: ADA-USD
Daily returns (past 60 days): mean=-0.0041, std=0.0480, min=-0.1409, max=0.0968
Market regime: sideways
Recent filing/news:
[Kaggle 2023-12-19]

Using the historical simulation method, compute the 1-day VaR at 95% confidence level for ADA-USD. Express as a decimal (e.g., -0.02).

Answer: -0.1014

Explanation: Historical simulation VaR at 95%: sort the 60 daily returns and take the 5th percentile. VaR(95%) = -0.1014 (i.e., on a bad day with 5% probability, the loss exceeds 10.14%). CVaR(95%) = -0.1213.


XLY: 60-day return history, mean=0.0019, std=0.0121.

Question:
Asset: XLY
Daily returns (past 60 days): mean=0.0019, std=0.0121, min=-0.0259, max=0.0331
Market regime: sideways
Recent filing/news:
[Kaggle 2023-12-22] ["7 Risks Intel Stock Investors Should Know for 2024 In today's video, I discuss recent updates impacting Intel (NASDAQ: INTC). Check out the short video to learn more, consider subscribing, and click the special offer link below. *Stock prices used were the market prices of Dec. 21, 2023. The video was published on Dec. 21, 2023. Should you invest $1,000 in Intel right now? Before you buy stock in Intel, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the 10 best stocks for investors to buy now... and Intel wasn't one of them. The 10 stocks that made the cut could produce monster returns in the coming years. Stock Advisor provides investors with an easy-to-follow blueprint for success, including guidance on building a portfolio, regular updates from analysts, and two new stock picks each month. The Stock Advisor service has more than tripled the return of S&P 500 since 2002*. See the 10 stocks *Stock Advisor returns as of December 18, 2023 Jose Najarro has positions in Advanced Micro Devices, Nvidia, Qualcomm, and Taiwan Semiconductor Manufacturing. The Motley Fool has positions in and recommends Advanced Micro Devices, Apple, Nvidia, Qualcomm, and Taiwan Semiconductor Manufacturing. The Motley Fool recommends Intel and recommends the following options: long January 2023 $57.50 calls on Intel, long January 2025 $45 calls on Intel, and short February 2024 $47 calls on Intel. The Motley Fool has a disclosure policy. Jose Najarro is an affiliate of The Motley Fool and may be compensated for promoting its services. If you choose to subscribe through their link they will earn some extra money that supports their channel. Their opinions remain their own and are unaffected by The Motley Fool. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.", "2 Artificial Intelligence (AI) Stocks That Could Go Parabolic Artificial intelligence (AI) stocks have been in the limelight over the past year, thanks to the massive impact this technology is likely to have across multiple industries, with McKinsey estimating that AI adoption could add a whopping $13 trillion to the global economy by 2030. There are many ways investors can capitalize on this huge opportunity. Two companies that stand to win big from AI adoption in two distinct industries are Advanced Micro Devices (NASDAQ: AMD) and SentinelOne (NYSE: S). Both stocks have been on fire in 2023. While shares of AMD have jumped 113%, SentinelOne has shot up 83%, with a big chunk of that jump coming since the beginning of November. The recent stock price action of both companies suggests they may already have gone parabolic -- which refers to a rapid jump in the share price of a company in a short time, similar to the right side of a parabolic curve. However, there is a solid chance that these two AI stocks could go on another parabolic run in 2024. 1. Advanced Micro Devices Nvidia (NAS

Using the historical simulation method, compute the 1-day VaR at 95% confidence level for XLY. Express as a decimal (e.g., -0.02).

Answer: -0.0206

Explanation: Historical simulation VaR at 95%: sort the 60 daily returns and take the 5th percentile. VaR(95%) = -0.0206 (i.e., on a bad day with 5% probability, the loss exceeds 2.06%). CVaR(95%) = -0.0248.


EFA: 60-day return history, mean=0.0012, std=0.0104.

Question:
Asset: EFA
Daily returns (past 60 days): mean=0.0012, std=0.0104, min=-0.0269, max=0.0218
Market regime: sideways
Recent filing/news:
[SEC 10-Q WMT 2024-08-30] wmt-20240731 0000104169 1/31 2025 Q2 false xbrli:shares iso4217:USD iso4217:USD xbrli:shares xbrli:pure iso4217:JPY wmt:state wmt:county wmt:defendant wmt:case wmt:classAction wmt:securitiesClassAction wmt:shareholder wmt:order wmt:pharmacist wmt:segment 0000104169 2024-02-01 2024-07-31 0000104169 wmt:CommonStockparvalue0.10pershareMember 2024-02-01 2024-07-31 0000104169 wmt:A2.550NotesDue2026Member 2024-02-01 2024-07-31 0000104169 wmt:A1050NotesDue2026Member 2024-02-01 2024-07-31 0000104169 wmt:A1500NotesDue2028Member 2024-02-01 2024-07-31 0000104169 wmt:A4875NotesDue2029Member 2024-02-01 2024-07-31 0000104169 wmt:A5750NotesDue2030Member 2024-02-01 2024-07-31 0000104169 wmt:A1800NotesDue2031Member 2024-02-01 2024-07-31 0000104169 wmt:A5625NotesDue2034Member 2024-02-01 2024-07-31 0000104169 wmt:A5250NotesDue2035Member 2024-02-01 2024-07-31 0000104169 wmt:A4875NotesDue2039Member 2024-02-01 2024-07-31 0000104169 2024-08-28 0000104169 2024-05-01 2024-07-31 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0000104169 us-gaap:AccumulatedTranslationAdjustmentMember 2023-02-01 2023-04-30 0000104169 us [...TRUNCATED...] acts, assumptions not being realized or other factors, the actual results relating to the subject matter of any forward-looking statement in this Quarterly Report on Form 10-Q may differ materially from the anticipated results expressed or implied in that forward-looking statement. The forward-looking statements included in this Quarterly Report on Form 10-Q are made only as of the date of this report, and Walmart undertakes no obligation to update any such statements to reflect subsequent events or circumstances. 34 Table of Contents Item 6. Exhibits The following documents are filed as an exhibit to this Quarterly Report on Form 10-Q: Exhibit 3.1(a) Restated Certificate of Incorporation of the Company dated February 1, 2018 is incorporated herein by reference to Exhibit 3.1 to the Report on Form 8-K filed by the Company on February 1, 2018 Exhibit 3.1(b) Certificate of Amendment to the Restated Certificate of Incorporation of the Company, effective February 23, 2024 is incorporated herein by reference to Exhibit 3.1 to the Report on Form 8-K filed by the Company on February 23, 2024 Exhibit 3.2 Amended and Restated Bylaws of the Company dated November 10, 2022 are incorporated herein by reference to Exhibit 3.1 to the Report on Form 8-K filed by the Company on November 16, 2022 Exhibit 31.1* Chief Executive Officer Section 302 Certification Exhibit 31.2* Chief Financial Officer Section 302 Certification Exhibit 32.1** Chief Executive Officer Section 906 Certification Exhibit 32.2** Chief Financial Officer Section 906 Certification Exhibit 99.1* Opioids-Related Litigation Case Citations and Currently Scheduled Trial Dates Exhibit 101.INS* Inline XBRL Instance Document Exhibit 101.SCH* Inline XBRL Taxonomy Extension Schema Document Exhibit 101.CAL* Inline XBRL Taxonomy Extension Calculation Linkbase Document Exhibit 101.DEF* Inline XBRL Taxonomy Extension Definition Linkbase Document Exhibit 101.LAB* Inline XBRL Taxonomy Extension Label Linkbase Document Exhibit 101.PRE* Inline XBRL Taxonomy Extension Presentation Linkbase Document Exhibit 104 The cover page from the Company's Quarterly Report on Form 10-Q for the quarter ended July 31, 2024, formatted in Inline XBRL (included in Exhibit 101) * Filed herewith as an Exhibit. ** Furnished herewith as an Exhibit. 35 Table of Contents SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized.   WALMART INC. Date: August 30, 2024 By: /s/ C. Douglas McMillon C. Douglas McMillon President and Chief Executive Officer (Principal Executive Officer) Date: August 30, 2024 By: /s/ John David Rainey John David Rainey Executive Vice President and Chief Financial Officer (Principal Financial Officer) Date: August 30, 2024 By: /s/ David M. Chojnowski David M. Chojnowski Senior Vice President and Controller (Principal Accounting Officer) 36

Using the historical simulation method, compute the 1-day VaR at 95% confidence level for EFA. Express as a decimal (e.g., -0.02).

Answer: -0.0161

Explanation: Historical simulation VaR at 95%: sort the 60 daily returns and take the 5th percentile. VaR(95%) = -0.0161 (i.e., on a bad day with 5% probability, the loss exceeds 1.61%). CVaR(95%) = -0.0226.


STIP: 60-day return history, mean=0.0004, std=0.0010.

Question:
Asset: STIP
Daily returns (past 60 days): mean=0.0004, std=0.0010, min=-0.0018, max=0.0030
Market regime: sideways

Using the historical simulation method, compute the 1-day VaR at 95% confidence level for STIP. Express as a decimal (e.g., -0.02).

Answer: -0.0012

Explanation: Historical simulation VaR at 95%: sort the 60 daily returns and take the 5th percentile. VaR(95%) = -0.0012 (i.e., on a bad day with 5% probability, the loss exceeds 0.12%). CVaR(95%) = -0.0015.


XLU: 60-day return history, mean=-0.0001, std=0.0100.

Question:
Asset: XLU
Daily returns (past 60 days): mean=-0.0001, std=0.0100, min=-0.0237, max=0.0271
Market regime: sideways
Recent filing/news:
[Kaggle 2023-06-09] ["US STOCKS-S&P, Nasdaq hit fresh 2023 highs as Tesla rallies By Sruthi Shankar and Shristi Achar A June 9 (Reuters) - The S&P 500 and Nasdaq hit fresh 2023 highs on Friday as Tesla shares jumped following a tie-up with General Motors, while investors awaited inflation data and U.S. monetary policy decision due next week. Tesla Inc TSLA.O shares climbed 5.7% after General Motors GM.Nagreed to use the company's Supercharger network. GM shares GM.N rose 3.8%. The benchmark S&P 500 on Thursday ended 20% above its Oct. 12 closing low, heralding the start of a new bull market as defined by some market participants. A rally in megacap stocks, a better-than-expected earnings season and expectations that the Fed was nearing the end of its rate-hiking cycle have supported Wall Street this year despite concerns about a looming recession and sticky inflation. \"The overall tone of the market is based on the idea that the Fed will pause its increases,\" said Rick Meckler, partner at Cherry Lane Investments. \"As it pauses, the broader market will start to rally and maybe catch up with the large-cap tech stocks that have led the way up until now.\" Major growth stocks including Apple Inc AAPL.O, Microsoft Corp MSFT.O and Nvidia Corp NVDA.O rose between 0.5% and 2.6%. Traders see a 72% chance that the U.S. central bank will hold interest rates at the current 5%-5.25% range in its June 13-14 policy meeting, according to CMEGroup's Fedwatch tool. Consumer prices data on Tuesday will help shape expectations around further moves by the Fed, with traders already pricing in a 50% chance of another 25-basis-point rate hike in July. \"We expect the Fed to hike one last time in this cycle in July. By September, we think weakening activity and employment data will lead toward a more enduring pause, with the Fed holding at 5.5% until its first rate cut in March 2024,\" economists at BNP Paribas noted. Signs of a resilient U.S. economy and hopes of the Fed pausing its aggressive monetary tightening have pushed volatility gauges tumbling. The CBOE Volatility index .VIX, commonly known as Wall Street's fear gauge, sank to a fresh pre-pandemic level of 13.53 points on Thursday. At 10:00 a.m. ET, the Dow Jones Industrial Average .DJI was up 56.85 points, or 0.17%, at 33,890.46, the S&P 500 .SPX was up 19.56 points, or 0.46%, at 4,313.49, and the Nasdaq Composite .IXIC was up 122.32 points, or 0.92%, at 13,360.85. Target Corp TGT.N slipped 1.3% after Citi downgraded the big-box retailer to \"neutral\", saying sales could fall further this year amid a challenging macro backdrop. Adobe Inc ADBE.O added 5.4% after Wells Fargo upgraded it to \"overweight\", saying the Photoshop software maker was poised to benefit from the generative AI boom. Netflix Inc NFLX.O gained 1.7% following a report that its subscriptions jumped after the streaming giant's crackdown on password sharing. Declining issues outnumbered advancers by a 1.36-to-1 ratio on the NYSE, while advancing issues outnumb

Using the historical simulation method, compute the 1-day VaR at 95% confidence level for XLU. Express as a decimal (e.g., -0.02).

Answer: -0.0199

Explanation: Historical simulation VaR at 95%: sort the 60 daily returns and take the 5th percentile. VaR(95%) = -0.0199 (i.e., on a bad day with 5% probability, the loss exceeds 1.99%). CVaR(95%) = -0.0222.


QUAL: 60-day return history, mean=-0.0005, std=0.0073.

Question:
Asset: QUAL
Daily returns (past 60 days): mean=-0.0005, std=0.0073, min=-0.0191, max=0.0149
Market regime: sideways
Recent filing/news:
[Kaggle 2023-10-05] ["Apple Reportedly Considered Replacing Google With DuckDuckGo For Safari (RTTNews) - Apple Inc., which has been using Alphabet Inc.'s Google as the default search engine for its devices, had talks to use the search engine DuckDuckGo for the private mode on Apple's Safari browser, Bloomberg reported citing some court documents. However, the tech major ultimately rejected the idea, the report said. The details of those talks now emerged amid an ongoing legal fight between the US Department of Justice and tech major Google over allegations of abusing its search dominance and violating antitrust laws. Earlier, it was reported that Microsoft Corp. was in talks with Apple in 2020 for a possible sale of its Bing search engine, but the talks never reached an advanced stage. Bloomberg reported that the talks among Apple, DuckDuckGo, and Microsoft were revealed in transcripts unsealed by US District Judge Amit Mehta, who oversees the Google antitrust trial. Mehta unsealed the testimony of DuckDuckGo Chief Executive Officer Gabriel Weinberg and Apple executive John Giannandrea, who testified in closed sessions in the trial. According to Weinberg, DuckDuckGo in 2018 and 2019 had about 20 meetings and phone calls with Apple executives, including the Safari head, regarding becoming the default search engine for private browsing mode on the Safari browser. Weinberg noted that Apple had integrated several of DuckDuckGo's other privacy technologies into Safari. Meanwhile, Giannandrea said that Apple hadn't considered switching to DuckDuckGo, to his knowledge. Google is Apple devices' default search engine. It was in 2002 that both companies signed their partnership, which was extended in 2021. Cue is said to be behind the current search engine partnership. Google reportedly pays more than $10 billion every year to secure its default search engine status on millions of browsers and mobile devices. The antitrust trial features testimony from top executives from Google, Apple, Microsoft, and Samsung. In its testimony against Google, Apple reportedly made it clear that it has never thought to replace Google as the default on iPhones as there wasn't a valid alternative at that time. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.", "Is It Too Late to Buy This Top-Performing Nasdaq-100 Dividend Stock? The first half of 2023 turned into an incredible comeback story for the U.S. tech sector, thanks primarily to artificial intelligence (AI) gaining rapid mainstream adoption among the masses. This resulted in stocks of AI industry leaders like Nvidia (NVDA) (up 203% YTD), Google (GOOGL) (up 52.6% YTD), and Microsoft (MSFT) (up 32.8% YTD) all reaching new highs this year. A critical aspect of the AI revolution is the role played by semiconductor companies. In fact, according to a report by the Semiconductor Industry Association, total sales from the semiconductor industry could reach $1 t

Using the historical simulation method, compute the 1-day VaR at 95% confidence level for QUAL. Express as a decimal (e.g., -0.02).

Answer: -0.0137

Explanation: Historical simulation VaR at 95%: sort the 60 daily returns and take the 5th percentile. VaR(95%) = -0.0137 (i.e., on a bad day with 5% probability, the loss exceeds 1.37%). CVaR(95%) = -0.0167.


ETH-USD: 60-day return history, mean=-0.0015, std=0.0178.

Question:
Asset: ETH-USD
Daily returns (past 60 days): mean=-0.0015, std=0.0178, min=-0.0669, max=0.0468
Market regime: sideways
Recent filing/news:
[Kaggle 2023-10-02]

Using the historical simulation method, compute the 1-day VaR at 95% confidence level for ETH-USD. Express as a decimal (e.g., -0.02).

Answer: -0.0352

Explanation: Historical simulation VaR at 95%: sort the 60 daily returns and take the 5th percentile. VaR(95%) = -0.0352 (i.e., on a bad day with 5% probability, the loss exceeds 3.52%). CVaR(95%) = -0.0492.


SGOV: 60-day return history, mean=0.0002, std=0.0002.

Question:
Asset: SGOV
Daily returns (past 60 days): mean=0.0002, std=0.0002, min=-0.0001, max=0.0007
Market regime: sideways

Using the historical simulation method, compute the 1-day VaR at 95% confidence level for SGOV. Express as a decimal (e.g., -0.02).

Answer: 0.0000

Explanation: Historical simulation VaR at 95%: sort the 60 daily returns and take the 5th percentile. VaR(95%) = 0.0000 (i.e., on a bad day with 5% probability, the loss exceeds 0.00%). CVaR(95%) = -0.0000.


EEM: 60-day return history, mean=0.0012, std=0.0080.

Question:
Asset: EEM
Daily returns (past 60 days): mean=0.0012, std=0.0080, min=-0.0232, max=0.0255
Market regime: bull
Recent filing/news:
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blk:InvestmentsRelatedToDeferredCashCompensationPlansMember 2023-12-31 0001364742 us-gaap:CollateralizedLo [...TRUNCATED...] hat the Board of Directors authorized the repurchase of an additional seven million shares under the Company’s existing share repurchase program, for a total of up to approximately 7.9 million shares of BlackRock common stock. 64   Item 6. Exh ibits Exhibit No.   Description       4.1(1)   Indenture, dated March 14, 2024, among BlackRock Funding, Inc., BlackRock, Inc. and The Bank of New York Mellon, as trustee.       4.2(1)   First Supplemental Indenture, dated March 14, 2024, among BlackRock Funding, Inc., BlackRock, Inc. and The Bank of New York Mellon, as trustee.       4.3(1)   Form of Note for the 4.700% Notes due 2029 (included in Exhibit 4.2).       4.4(1)   Form of Note for the 5.000% Notes due 2034 (included in Exhibit 4.2).       4.5(1)   Form of Note for the 5.250% Notes due 2054 (included in Exhibit 4.2).       10.1(2)   Amendment No. 14, dated as of March 12, 2024, by and among BlackRock, Inc., certain of its subsidiaries, Wells Fargo Bank, National Association, as administrative agent, a swingline lender, an issuing lender, L/C agent and a lender, and the banks and other financial institutions referred to therein.       22.1(3)   Subsidiary Issuer of Guaranteed Securities.       31.1   Section 302 Certification of Chief Executive Officer       31.2   Section 302 Certification of Chief Financial Officer       32.1   Section 906 Certification of Chief Executive Officer and Chief Financial Officer       101.INS   Inline XBRL Instance Document – the instance document does not appear in the Interactive Data File because its XBRL tags are embedded within the Inline XBRL document       101.SCH   Inline XBRL Taxonomy Extension Schema with Embedded Linkbases Document       104   Cover Page Interactive Data File (formatted as Inline XBRL and contained in Exhibit 101)         (1) Incorporated by reference to BlackRock’s Current Report on Form 8-K filed on March 14, 2024. (2) Incorporated by reference to BlackRock's Current Report on Form 8-K filed on March 15, 2024. (3) Incorporated by reference to BlackRock's Registration Statement on Form S-3 (Registration No. 333-278583) filed on April 9, 2024. 65   SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized.       BLACKROCK, INC.     (Registrant)             By: /s/ Martin S. Small Date: May 7, 2024        Martin S. Small          Senior Managing Director & Chief Financial Officer    (Principal Financial Officer)   66

Using the historical simulation method, compute the 1-day VaR at 95% confidence level for EEM. Express as a decimal (e.g., -0.02).

Answer: -0.0133

Explanation: Historical simulation VaR at 95%: sort the 60 daily returns and take the 5th percentile. VaR(95%) = -0.0133 (i.e., on a bad day with 5% probability, the loss exceeds 1.33%). CVaR(95%) = -0.0170.


DOT-USD: 60-day return history, mean=-0.0026, std=0.0210.

Question:
Asset: DOT-USD
Daily returns (past 60 days): mean=-0.0026, std=0.0210, min=-0.0588, max=0.0772
Market regime: sideways
Recent filing/news:
[Kaggle 2023-09-04]

Using the historical simulation method, compute the 1-day VaR at 95% confidence level for DOT-USD. Express as a decimal (e.g., -0.02).

Answer: -0.0338

Explanation: Historical simulation VaR at 95%: sort the 60 daily returns and take the 5th percentile. VaR(95%) = -0.0338 (i.e., on a bad day with 5% probability, the loss exceeds 3.38%). CVaR(95%) = -0.0477.


MTUM: 60-day return history, mean=0.0003, std=0.0089.

Question:
Asset: MTUM
Daily returns (past 60 days): mean=0.0003, std=0.0089, min=-0.0172, max=0.0199
Market regime: sideways
Recent filing/news:
[Kaggle 2023-06-07] ["Is Apple Stock as Overpriced as Its Vision Pro Headset? There were audible groans and boos when Apple (NASDAQ: AAPL) revealed the price of its Vision Pro mixed-reality headset will be $3,499. But few investors are balking at the price of Apple stock, which is once again flirting with a $3 trillion market cap. Shares of Apple hit an all-time high price ahead of Apple's big announcement earlier this week at its World Wide Developers Conference (WWDC) in California. The shares have outperformed both the S&P 500 and Nasdaq Composite indexes by a wide margin year to date. Meanwhile, its valuation is touching levels not seen since the end of 2021, when it last sat near $3 trillion, despite an outlook for a revenue and earnings decline in 2023. Is Apple getting too expensive for both investors and consumers? A hefty price tag Apple shares peaked above a forward P/E ratio of 30 to start the month of June. That's a higher forward P/E than the last time Apple shares traded around the $3 trillion market cap mark. The culprit is expectations that Apple's revenue and earnings per share will decline over the next year. Analysts currently expect a 2.3% decline in EPS and a 2.5% decline in sales for Apple. The Vision Pro won't sway those numbers: The device won't come out until 2024 and probably won't have meaningful sales until fiscal 2025. Over the last 15 years, Apple shares have traded at a trailing P/E above 30 for nine months during the height of the COVID-19 pandemic and then briefly again near the end of 2021. With its current P/E of 30.4, it's starting to look quite pricey again. AAPL P/E Ratio data by YCharts. Is Apple worth it? Despite its high price tags, Apple's products (and its stock) are typically worth the price. While the Vision Pro's value may still be up for debate, the stock still looks like a good deal despite the P/E ratio climbing above 30. Apple's stock price is supported by the pile of cash sitting on its balance sheet. As of the end of the second quarter, Apple had $166 billion in cash and securities on its balance sheet. While it used debt to access that cash, it still had just $107 billion in debt on the balance sheet, leaving it with $59 billion in net cash. Meanwhile, it's generated nearly $100 billion in free cash flow over the past year, and the outlook remains strong for it to keep the cash machine running. That consistent cash flow and massive stockpile on its balance sheet gives Apple a lot of room to keep buying back shares of the stock and support its stock price. It bought back $39 billion worth of stock in the first half of 2023, and the board authorized a new $90 billion share repurchase program in May. The consistent sales of iPhones and the growth of Apple's high-margin services business are the reasons to buy Apple. It's a cash cow that allows it to return massive amounts of money to shareholders while still investing in products for the future, like Vision Pro. So, even if Vision Pro is an absolute overpriced flop (

Using the historical simulation method, compute the 1-day VaR at 95% confidence level for MTUM. Express as a decimal (e.g., -0.02).

Answer: -0.0165

Explanation: Historical simulation VaR at 95%: sort the 60 daily returns and take the 5th percentile. VaR(95%) = -0.0165 (i.e., on a bad day with 5% probability, the loss exceeds 1.65%). CVaR(95%) = -0.0169.


IWM: 60-day return history, mean=0.0019, std=0.0112.

Question:
Asset: IWM
Daily returns (past 60 days): mean=0.0019, std=0.0112, min=-0.0163, max=0.0349
Market regime: sideways
Recent filing/news:
[Kaggle 2023-08-02] ["Mediocre Earnings After the Bell; Selloff Continues Markets had a hard time today reconciling the first U.S. credit rating downgrade in 12 years, when Fitch Ratings \u2014 one of the \u201cbig three\u201d credit rating agencies \u2014 lowered its rating from the usual AAA to AA+. The reason for the move is the same as it was a dozen years ago: Congress is kicking the can on increasing its debt ceiling, which, if not raised, would cause the U.S. to default on its debts. Last time, it was also a Democratic White House and a Republican-led House of Representatives that saw this issue emerge. In any case, market indices were down across the board today. All the majors opened normal trading in the red and stayed there, closing off session lows, but not by much. The Dow shed -331 points, -0.93%, while the Nasdaq dropped -309 points, -2.17%. The S&P 500 and small-cap Russell 2000 were down -1.39% and -1.37%, respectively. So far, August looks to be giving back a significant amount of July gains, just in the first two days of the new month\u2019s trading. Qualcomm QCOM is the latest major company to post mixed results in its quarterly report this afternoon: while fiscal Q3 earnings of $1.87 per share bettered the $1.81 in the Zacks consensus, revenues of $8.45 billion came up short of the $8.51 billion. Revenue guidance for fiscal Q4 are for a range of $8.1-8.9 billion, with a midpoint lower than the consensus $8.69 billion. A -25% drop in handset chip sales year over year and a slower recovery in China contributed to the performance. Shares are down -4.5% on the release. MGM Resorts MGM, however, outperformed estimates on both top and bottom lines, with earnings of 59 cents per share beating the 53 cents expected, and sales of $3.94 billion in the quarter easily surpassing the $3.76 billion consensus. Its MGM China business in Macau has surprised to the upside, notching +5% growth over 2019 (pre-Covid) levels, +21% on the key EBITDAR metric. However, after cranking +48% higher year to date, investors are selling this news; MGM is -7% in today\u2019s after-market. PayPal PYPL reported in-line earnings at $1.16 per share on $7.29 billion in quarterly revenues, up nearly +7% year over year. Guidance for Q3 looks to be slightly above previous estimates, as Payment Volume grew +11% year over year. That said, Operating Margin of +21.4% in the quarter missed consensus expectations of +22%, and this may be adding fuel to the -7.5% selloff in today\u2019s late trading. PayPal has also been an underperformer year to date. Etsy ETSY posted beats on both top and bottom lines this afternoon, with earnings of 45 cents per share improving by 4 cents over the Zacks consensus, on revenues of $629 million in the quarter. Gross merchandising came in at $3.01 billion, -20% year to date, even as the company noted Etsy Active Buyers reached an all-time high in the quarter. Shares are selling off -5% after normal hours. Closing on a positive note, DoorDash DASH shares are u

Using the historical simulation method, compute the 1-day VaR at 95% confidence level for IWM. Express as a decimal (e.g., -0.02).

Answer: -0.0137

Explanation: Historical simulation VaR at 95%: sort the 60 daily returns and take the 5th percentile. VaR(95%) = -0.0137 (i.e., on a bad day with 5% probability, the loss exceeds 1.37%). CVaR(95%) = -0.0154.


SOL-USD: 60-day return history, mean=-0.0084, std=0.0347.

Question:
Asset: SOL-USD
Daily returns (past 60 days): mean=-0.0084, std=0.0347, min=-0.0992, max=0.0546
Market regime: sideways
Recent filing/news:
[Kaggle 2023-06-15]

Using the historical simulation method, compute the 1-day VaR at 95% confidence level for SOL-USD. Express as a decimal (e.g., -0.02).

Answer: -0.0812

Explanation: Historical simulation VaR at 95%: sort the 60 daily returns and take the 5th percentile. VaR(95%) = -0.0812 (i.e., on a bad day with 5% probability, the loss exceeds 8.12%). CVaR(95%) = -0.0906.


JNK: 60-day return history, mean=-0.0000, std=0.0032.

Question:
Asset: JNK
Daily returns (past 60 days): mean=-0.0000, std=0.0032, min=-0.0093, max=0.0054
Market regime: sideways

Using the historical simulation method, compute the 1-day VaR at 95% confidence level for JNK. Express as a decimal (e.g., -0.02).

Answer: -0.0050

Explanation: Historical simulation VaR at 95%: sort the 60 daily returns and take the 5th percentile. VaR(95%) = -0.0050 (i.e., on a bad day with 5% probability, the loss exceeds 0.50%). CVaR(95%) = -0.0078.


SOL-USD: 60-day return history, mean=0.0017, std=0.0468.

Question:
Asset: SOL-USD
Daily returns (past 60 days): mean=0.0017, std=0.0468, min=-0.1098, max=0.1138
Market regime: bull
Recent filing/news:
[Kaggle 2023-12-19]

Using the historical simulation method, compute the 1-day VaR at 95% confidence level for SOL-USD. Express as a decimal (e.g., -0.02).

Answer: -0.0788

Explanation: Historical simulation VaR at 95%: sort the 60 daily returns and take the 5th percentile. VaR(95%) = -0.0788 (i.e., on a bad day with 5% probability, the loss exceeds 7.88%). CVaR(95%) = -0.0957.


QUAL: 60-day return history, mean=0.0004, std=0.0097.

Question:
Asset: QUAL
Daily returns (past 60 days): mean=0.0004, std=0.0097, min=-0.0217, max=0.0233
Market regime: sideways
Recent filing/news:
[Kaggle 2023-05-15] ["Capitalize on the Emerging Age of AI for Hefty Profits InvestorPlace - Stock Market News, Stock Advice & Trading Tips Editor\u2019s note: \u201cCapitalize on the Emerging Age of AI for Hefty Profits\u201d was previously published in March 2023. It has since been updated to include the most relevant information available. Crisis creates opportunity. And big crises create big opportunities. For example, did you know that the Internet Economy \u2013 which created the world\u2019s first trillion-dollar companies, churning out multiple 1,000% stock market winners \u2013 was born amid the 2008 financial crisis? Technically, the internet was born in the 1990s \u2013 the World Wide Web launched on Aug. 6, 1991. But it wasn\u2019t until Apple (AAPL) released the first iPhone in 2007 \u2013 and put the power of the internet literally in the palms of everyone\u2019s hands \u2013 that the Internet Economy really started to blossom. Just look at how the revenue growth trajectories for internet titans like Amazon (AMZN), Alphabet (GOOGL), and Netflix (NFLX) dramatically changed after the iPhone\u2019s launch. Before the iPhone, internet companies were growing. After, they started to spread like wildfire and take over the world. It was a critical inflection point \u2013 the \u201ctipping point\u201d for the internet revolution\u2026 The moment when everything changed. Of course, at the time, it didn\u2019t feel like that. The financial economy was collapsing because of the subprime loan meltdown. Unemployment rates were soaring. Stocks were crashing. Companies were going bankrupt. Home foreclosures were happening left and right. It felt like the end times, even for internet stocks like Amazon, Netflix, Alphabet, and the iPhone\u2019s maker, Apple. All those stocks dropped between 50% and 60% in 2008 \u2013 the year after the iPhone launched. What a crisis\u2026 And what an opportunity. Crisis Begets Opportunity For investors who were able to zoom out and look at the big picture, the financial crisis created the opportunity of a lifetime. It left internet stocks trading at dirt-cheap valuations just months after the emergence of the Internet Economy\u2019s biggest catalyst of all time \u2013 the iPhone. Those \u201cbig-picture\u201d investors were able to recognize that the economy wasn\u2019t going to collapse and that the 2008 crisis \u2013 like all financial crises before it \u2013 would pass. They were able to identify the iPhone\u2019s significance as a critical inflection point for the Internet Economy that would spark 10-plus years of super-charged growth. They were able to see the deep value in internet stocks. And they were smart enough to buy the dip in names like Amazon, Netflix, Apple, and Alphabet. As a result, those \u201cbig-picture\u201d investors have since made fortunes. Every $10,000 invested in Alphabet stock in late 2008 would be worth nearly $140,000 today. A $10,000 investment in Amazon or Apple stock in late 2008 would be worth nearly $

Using the historical simulation method, compute the 1-day VaR at 95% confidence level for QUAL. Express as a decimal (e.g., -0.02).

Answer: -0.0166

Explanation: Historical simulation VaR at 95%: sort the 60 daily returns and take the 5th percentile. VaR(95%) = -0.0166 (i.e., on a bad day with 5% probability, the loss exceeds 1.66%). CVaR(95%) = -0.0186.


XLV: 60-day return history, mean=0.0003, std=0.0083.

Question:
Asset: XLV
Daily returns (past 60 days): mean=0.0003, std=0.0083, min=-0.0162, max=0.0171
Market regime: sideways
Recent filing/news:
[Kaggle 2023-05-08] ["Is Apple Stock a Buy Right Now? Apple (NASDAQ: AAPL) has demonstrated an ability to create innovative products consumers are willing to pay premium prices for. Fool.com contributor and finance professor Parkev Tatevosian considers whether Apple's stock is a buy right now. *Stock prices used were the afternoon prices of May 4, 2023. The video was published on May 6, 2023. 10 stocks we like better than Apple When our analyst team has a stock tip, it can pay to listen. After all, the newsletter they have run for over a decade, Motley Fool Stock Advisor, has tripled the market.* They just revealed what they believe are the ten best stocks for investors to buy right now... and Apple wasn't one of them! That's right -- they think these 10 stocks are even better buys. See the 10 stocks *Stock Advisor returns as of May 1, 2023 Parkev Tatevosian, CFA has positions in Apple. The Motley Fool has positions in and recommends Apple. The Motley Fool has a disclosure policy. Parkev Tatevosian is an affiliate of The Motley Fool and may be compensated for promoting its services. If you choose to subscribe through his link, he will earn some extra money that supports his channel. His opinions remain his own and are unaffected by The Motley Fool. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.", "Invest Like Warren Buffett With These 3 Stocks Warren Buffett, also commonly called the Oracle of Omaha, is a name that jumps to the forefront of many minds when thinking of the financial world. As we\u2019re all aware, many mimic his portfolio moves. And just over the weekend, Berkshire Hathaway hosted its annual shareholder meeting, putting the Oracle of Omaha and his go-to man, Charlie Munger, in full focus. With the legendary investing icon making headlines following the meeting, let\u2019s take a look at three companies that Buffett has placed big bets on. Apple (AAPL) Apple is a long-time favorite of Buffett, reflecting the largest holding of Berkshire. Over the weekend, the icon spoke positively about the iPhone\u2019s rock-solid status among consumers, a big reason why he believes in the company. Apple\u2019s quarterly results took the spotlight last week, with the tech titan delivering a positive 5.6% EPS surprise and reporting revenue nearly 2% above expectations. The company also announced a 4% increase to its quarterly cash dividend, payable on May 18th. Image Source: Zacks Investment Research In addition, the company posted solid iPhone results; iPhone revenue throughout the reported quarter totaled $51.3 billion, 4% above the Zacks Consensus Estimate and improving 1.5% from the year-ago period. As we can see from the chart below, the better-than-expected iPhone results snapped a streak of back-to-back negative surprises. Suprise (%) - iPhone Revenue Image Source: Zacks Investment Research Bank of America (BAC) Despite the recent turmoil within banking, Buffett still remains

Using the historical simulation method, compute the 1-day VaR at 95% confidence level for XLV. Express as a decimal (e.g., -0.02).

Answer: -0.0131

Explanation: Historical simulation VaR at 95%: sort the 60 daily returns and take the 5th percentile. VaR(95%) = -0.0131 (i.e., on a bad day with 5% probability, the loss exceeds 1.31%). CVaR(95%) = -0.0153.


ETH-USD: 60-day return history, mean=-0.0040, std=0.0393.

Question:
Asset: ETH-USD
Daily returns (past 60 days): mean=-0.0040, std=0.0393, min=-0.1002, max=0.1484
Market regime: bull
Recent filing/news:
[Kaggle 2023-12-19]

Using the historical simulation method, compute the 1-day VaR at 95% confidence level for ETH-USD. Express as a decimal (e.g., -0.02).

Answer: -0.0725

Explanation: Historical simulation VaR at 95%: sort the 60 daily returns and take the 5th percentile. VaR(95%) = -0.0725 (i.e., on a bad day with 5% probability, the loss exceeds 7.25%). CVaR(95%) = -0.0860.


XLK: 60-day return history, mean=0.0012, std=0.0167.

Question:
Asset: XLK
Daily returns (past 60 days): mean=0.0012, std=0.0167, min=-0.0381, max=0.0373
Market regime: sideways
Recent filing/news:
[Kaggle 2023-02-06] ["A Rare Earnings Miss Couldn\u2019t Stop Apple Stock (NASDAQ:AAPL) Shares of Apple (NASDAQ:AAPL) are fresh off a quarterly earnings miss, with sales slipping 5% year-over-year, marking the worst quarterly top-line decline in years. Still, Apple stock was resilient following the disappointing number, closing off Friday's session up 2.4% in a bloody day for tech stocks. I remain bullish as Apple stock shrugs off its forgettable quarter and moves on from headwinds that are bound to fade in time. The recent round of quarterly results themselves was nothing to write home about (weakness was broadly spread across categories). It was likely the words of management that helped soothed investor nerves, helping Apple stock outperform some FAANG rivals that also reported the previous day. The company didn't give formal guidance for Fiscal 2023 due to macro uncertainty. It's noteworthy that the words \"macro headwinds\" were used quite a bit throughout the conference call. In any case, I think it's only prudent not to attempt to provide any sort of concrete guidance with recession headwinds up ahead. Despite the lack of guidance, management didn't leave investors in the dark. CEO Tim Cook called for year-over-year sales growth to be \"similar to the December quarter.\" Such words, I believe, set the bar quite low for the coming quarter and could set the stage to impress. He also stated that \"from a supply chain point of view, we're now at a point where production is what we need it to be.\" That alone was likely enough to help Apple investors breathe a sigh of relief. Apple: The Worst of the Production Issues May Have Passed My takeaway from Cook's comments was that the worst of production headwinds may already be in the rearview mirror. Indeed, the next quarter could see iPhone revenue growth in the red. However, the second half could see Apple make up for lost time as production gets up to full speed while Apple users finally look to upgrade. Indeed, Apple can afford to have some sizeable supply-side hiccups without losing too much business. At the end of the day, customer loyalty is unparalleled, with many Apple users that will opt not to switch to a competing product, even if it means having to endure longer wait times. Lockdowns in China have weighed heavily on operations. Still, I am confident that Cook can promptly bring production back in order. The man is an operational genius who's effectively ironed out supply-chain wrinkles in the past. Once Apple moves past the current barrage of headwinds, it'll likely be right back to gaining meaningful market share in the smartphone market again. Further, amping up efforts to expand into India, a market where Apple is reportedly enjoying double-digit growth, could help fuel such market gains. Apple's Rough Quarter is Easy to Forgive There's no question that Apple was up against it going into what many expected would be a rough quarter. Going into the quarter, estimates were muted, thanks in part to manufact

Using the historical simulation method, compute the 1-day VaR at 95% confidence level for XLK. Express as a decimal (e.g., -0.02).

Answer: -0.0218

Explanation: Historical simulation VaR at 95%: sort the 60 daily returns and take the 5th percentile. VaR(95%) = -0.0218 (i.e., on a bad day with 5% probability, the loss exceeds 2.18%). CVaR(95%) = -0.0300.


XRP-USD: 60-day return history, mean=-0.0019, std=0.0538.

Question:
Asset: XRP-USD
Daily returns (past 60 days): mean=-0.0019, std=0.0538, min=-0.1380, max=0.3257
Market regime: sideways
Recent filing/news:
[Kaggle 2023-09-05]

Using the historical simulation method, compute the 1-day VaR at 95% confidence level for XRP-USD. Express as a decimal (e.g., -0.02).

Answer: -0.0487

Explanation: Historical simulation VaR at 95%: sort the 60 daily returns and take the 5th percentile. VaR(95%) = -0.0487 (i.e., on a bad day with 5% probability, the loss exceeds 4.87%). CVaR(95%) = -0.1023.


XLP: 60-day return history, mean=-0.0016, std=0.0067.

Question:
Asset: XLP
Daily returns (past 60 days): mean=-0.0016, std=0.0067, min=-0.0199, max=0.0103
Market regime: sideways
Recent filing/news:
[Kaggle 2023-10-11] ["Meta Platforms sued by virtual reality fitness app developer after deal craters By Mike Scarcella Oct 11 (Reuters) - An interactive app and game-design collective has sued Meta Platforms META.O in U.S. court, accusing Facebook's owner of unlawfully breaking a contract for a fitness program in an anticompetitive \"campaign to conquer\" virtual reality markets. California-based Andre Elijah Immersive Inc filed its complaint in San Jose federal court against Meta and other defendants, including Alo Yoga, the clothing and fitness company. The collective said it had developed a fitness app with Meta and Alo featuring the \"best and most widely-recognized yoga instructors in the world.\" The lawsuit claimed Meta was prepared to launch the app at the company's virtual reality conference Meta Connect 2023. But Meta, according to the complaint, terminated its contract with the collective after learning it was also working with rival platforms Apple AAPL.O and Pico to distribute its app. A representative from Meta had no immediate comment on Wednesday. Los Angeles-founded Alo did not immediately respond to a request for comment. Attorneys for the defendants have not yet made appearances in the case. Apple and Pico, a virtual reality headset manufacturer owned by TikTok's Chinese developer ByteDance, did not immediately respond to requests for comment. Apple, Pico and ByteDance are not defendants in the case. The collective's attorney, Joseph Prencipe, told Reuters that \"resolution of the lawsuit will determine what happens to the app.\" The lawsuit accused Meta and the co-defendants of \"abusive and anticompetitive behavior\" in violation of U.S. antitrust law. The complaint demands more than $100 million in antitrust damages, before automatic trebling, as well as several million dollars for the defendants' alleged breach of the app contract. The collective described itself in the lawsuit as a \"new entrant\" in the virtual reality fitness market, which was the centerpiece of a U.S. Federal Trade Commission lawsuit against Meta last year in California federal court. The FTC unsuccessfully sued to stop Meta's purchase of Within Unlimited, maker of the Supernatural fitness workouts. Meta denied the agency's claim that the acquisition would \"dampen innovation\" in markets for VR fitness apps. The deal closed in February after a U.S. judge declined to order a preliminary injunction. The collective's lawsuit, featuring contract documents between it and Meta, said Meta had become a \"key player\" at various levels in the virtual reality marketplace, including hardware and app distribution. The exclusion of the collective's fitness app \"eliminates both present and future competition,\" the complaint alleged. The case is Andre Elijah Immersive Inc v. Meta Platforms Technologies LLC et al, U.S. District Court, Northern District of California, No. 5:23-cv-05159-NC. Read more: Meta unveils Quest 3 mixed reality headset ahead of Apple's VR debut U.S. judge denies

Using the historical simulation method, compute the 1-day VaR at 95% confidence level for XLP. Express as a decimal (e.g., -0.02).

Answer: -0.0100

Explanation: Historical simulation VaR at 95%: sort the 60 daily returns and take the 5th percentile. VaR(95%) = -0.0100 (i.e., on a bad day with 5% probability, the loss exceeds 1.00%). CVaR(95%) = -0.0146.


IEF: 60-day return history, mean=-0.0008, std=0.0050.

Question:
Asset: IEF
Daily returns (past 60 days): mean=-0.0008, std=0.0050, min=-0.0103, max=0.0106
Market regime: sideways

Using the historical simulation method, compute the 1-day VaR at 95% confidence level for IEF. Express as a decimal (e.g., -0.02).

Answer: -0.0080

Explanation: Historical simulation VaR at 95%: sort the 60 daily returns and take the 5th percentile. VaR(95%) = -0.0080 (i.e., on a bad day with 5% probability, the loss exceeds 0.80%). CVaR(95%) = -0.0096.


XLB: 60-day return history, mean=-0.0018, std=0.0090.

Question:
Asset: XLB
Daily returns (past 60 days): mean=-0.0018, std=0.0090, min=-0.0262, max=0.0165
Market regime: sideways
Recent filing/news:
[Kaggle 2023-10-19] ["Google to manufacture smartphones in India starting with Pixel 8 Adds quote in paragraph 3, context from paragraph 4 NEW DELHI, Oct 19 (Reuters) - Alphabet Inc GOOGL.O will start manufacturing in India and will partner with international and domestic manufacturers to produce its Pixel smartphones locally, starting with Pixel 8, an executive said on Thursday. The devices are expected to be rolled out in 2024, Rick Osterloh, senior vice president of devices and services, said at a Google event. \"India is a priority market for Pixel smartphones, and we\u2019re committed to bringing the best of our hardware and underlying built-in software capabilities to people across the country,\" Osterloh said. India is aiming to become a manufacturing powerhouse, amid a greater push for Prime Minister Narendra Modi's \"Make in India\" initiative. Apple AAPL.O, which has been touting India as its next big growth driver, is projected to account for 7% of all smartphone sales in the country from July to December, up from 5% in the first half of 2023, according to data from market researcher Counterpoint. U.S. memory chip firm Micron Technology MU.O recently announced plans to set up its first semiconductor plant in the country. (Reporting by Tanvi Mehta and Blassy Boben; Editing by Muralikumar Anantharaman) ((blassy.boben@thomsonreuters.com;)) The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.", "TSMC Q3 profit falls 24.9%, beats market forecasts Q3 profit T$211 bln vs T$195.5 bln analyst view Q3 revenue down 14.6% on year at $17.3 bln Q3 capex $7.1 bln vs Q2 $8.17 bln Adds details and share prices in paragraphs 4-7 TAIPEI, Oct 19 (Reuters) - Taiwanese chipmaker TSMC 2330.TW posted a 24.9% fall in third-quarter net profit on Thursday as global economic woes hit demand for chips used in applications from cars to cellphones and servers and coming off a high base last year. Taiwan Semiconductor Manufacturing Co Ltd (TSMC) TSM.N, the world's largest contract chipmaker and a major Apple Inc AAPL.O supplier, saw July-September net profit fall to T$211 billion from T$280.9 billion a year earlier. The profit beat a T$195.5 billion LSEG SmartEstimate, which is weighted toward forecasts from analysts who are more consistently accurate. TSMC, Asia's most valuable listed company, said third-quarter revenue dropped 14.6% to $17.3 billion, in line with the company's previous forecast of $16.7 billion to $17.5 billion. Capital expenditure in the third quarter was $7.1 billion, TSMC said, compared with $8.17 billion in the previous quarter. As the biggest maker of advanced chips, TSMC must navigate an uncertain industry outlook and a U.S.-China chip spat that could make it vulnerable. TSMC's Taipei-listed shares fell 27.1% in 2022, but are up around 22% so far this year, giving the chipmaker a market value of $432.3 billion. The stock rose 1.1% on Thursday versus a flat benchmark index .TWII. (Re

Using the historical simulation method, compute the 1-day VaR at 95% confidence level for XLB. Express as a decimal (e.g., -0.02).

Answer: -0.0165

Explanation: Historical simulation VaR at 95%: sort the 60 daily returns and take the 5th percentile. VaR(95%) = -0.0165 (i.e., on a bad day with 5% probability, the loss exceeds 1.65%). CVaR(95%) = -0.0217.


XLF: 60-day return history, mean=0.0014, std=0.0094.

Question:
Asset: XLF
Daily returns (past 60 days): mean=0.0014, std=0.0094, min=-0.0294, max=0.0160
Market regime: sideways
Recent filing/news:
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0000104169 us-gaap:AccumulatedTranslationAdjustmentMember 2023-02-01 2023-04-30 0000104169 us [...TRUNCATED...] acts, assumptions not being realized or other factors, the actual results relating to the subject matter of any forward-looking statement in this Quarterly Report on Form 10-Q may differ materially from the anticipated results expressed or implied in that forward-looking statement. The forward-looking statements included in this Quarterly Report on Form 10-Q are made only as of the date of this report, and Walmart undertakes no obligation to update any such statements to reflect subsequent events or circumstances. 34 Table of Contents Item 6. Exhibits The following documents are filed as an exhibit to this Quarterly Report on Form 10-Q: Exhibit 3.1(a) Restated Certificate of Incorporation of the Company dated February 1, 2018 is incorporated herein by reference to Exhibit 3.1 to the Report on Form 8-K filed by the Company on February 1, 2018 Exhibit 3.1(b) Certificate of Amendment to the Restated Certificate of Incorporation of the Company, effective February 23, 2024 is incorporated herein by reference to Exhibit 3.1 to the Report on Form 8-K filed by the Company on February 23, 2024 Exhibit 3.2 Amended and Restated Bylaws of the Company dated November 10, 2022 are incorporated herein by reference to Exhibit 3.1 to the Report on Form 8-K filed by the Company on November 16, 2022 Exhibit 31.1* Chief Executive Officer Section 302 Certification Exhibit 31.2* Chief Financial Officer Section 302 Certification Exhibit 32.1** Chief Executive Officer Section 906 Certification Exhibit 32.2** Chief Financial Officer Section 906 Certification Exhibit 99.1* Opioids-Related Litigation Case Citations and Currently Scheduled Trial Dates Exhibit 101.INS* Inline XBRL Instance Document Exhibit 101.SCH* Inline XBRL Taxonomy Extension Schema Document Exhibit 101.CAL* Inline XBRL Taxonomy Extension Calculation Linkbase Document Exhibit 101.DEF* Inline XBRL Taxonomy Extension Definition Linkbase Document Exhibit 101.LAB* Inline XBRL Taxonomy Extension Label Linkbase Document Exhibit 101.PRE* Inline XBRL Taxonomy Extension Presentation Linkbase Document Exhibit 104 The cover page from the Company's Quarterly Report on Form 10-Q for the quarter ended July 31, 2024, formatted in Inline XBRL (included in Exhibit 101) * Filed herewith as an Exhibit. ** Furnished herewith as an Exhibit. 35 Table of Contents SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized.   WALMART INC. Date: August 30, 2024 By: /s/ C. Douglas McMillon C. Douglas McMillon President and Chief Executive Officer (Principal Executive Officer) Date: August 30, 2024 By: /s/ John David Rainey John David Rainey Executive Vice President and Chief Financial Officer (Principal Financial Officer) Date: August 30, 2024 By: /s/ David M. Chojnowski David M. Chojnowski Senior Vice President and Controller (Principal Accounting Officer) 36

Using the historical simulation method, compute the 1-day VaR at 95% confidence level for XLF. Express as a decimal (e.g., -0.02).

Answer: -0.0143

Explanation: Historical simulation VaR at 95%: sort the 60 daily returns and take the 5th percentile. VaR(95%) = -0.0143 (i.e., on a bad day with 5% probability, the loss exceeds 1.43%). CVaR(95%) = -0.0230.


XHB: 60-day return history, mean=0.0031, std=0.0137.

Question:
Asset: XHB
Daily returns (past 60 days): mean=0.0031, std=0.0137, min=-0.0318, max=0.0435
Market regime: sideways

Using the historical simulation method, compute the 1-day VaR at 95% confidence level for XHB. Express as a decimal (e.g., -0.02).

Answer: -0.0192

Explanation: Historical simulation VaR at 95%: sort the 60 daily returns and take the 5th percentile. VaR(95%) = -0.0192 (i.e., on a bad day with 5% probability, the loss exceeds 1.92%). CVaR(95%) = -0.0300.


ICSH: 60-day return history, mean=0.0000, std=0.0004.

Question:
Asset: ICSH
Daily returns (past 60 days): mean=0.0000, std=0.0004, min=-0.0010, max=0.0014
Market regime: sideways

Using the historical simulation method, compute the 1-day VaR at 95% confidence level for ICSH. Express as a decimal (e.g., -0.02).

Answer: -0.0004

Explanation: Historical simulation VaR at 95%: sort the 60 daily returns and take the 5th percentile. VaR(95%) = -0.0004 (i.e., on a bad day with 5% probability, the loss exceeds 0.04%). CVaR(95%) = -0.0010.