XLU: 60-day return history, mean=0.0016, std=0.0096.

Question:
Asset: XLU
Daily returns (past 60 days): mean=0.0016, std=0.0096, min=-0.0173, max=0.0271
Market regime: sideways
Recent filing/news:
[SEC 10-Q BLK 2024-05-07] 10-Q --12-31 Q1 0001364742 false http://fasb.org/us-gaap/2023#OtherAssets http://fasb.org/us-gaap/2023#OtherAssets http://fasb.org/us-gaap/2023#NonoperatingIncomeExpense http://fasb.org/us-gaap/2023#NonoperatingIncomeExpense http://fasb.org/us-gaap/2023#NonoperatingIncomeExpense http://fasb.org/us-gaap/2023#NonoperatingIncomeExpense 2024-06 2024-03 2024-06 2024-03 http://fasb.org/us-gaap/2023#GainLossOnInvestments http://fasb.org/us-gaap/2023#GainLossOnInvestments http://fasb.org/us-gaap/2023#GeneralAndAdministrativeExpense http://fasb.org/us-gaap/2023#GeneralAndAdministrativeExpense 2028-03-31 9 1 1 1 1 9 1 1 1 1 9 1 1 1 1 9 1 1 1 1 1 P2Y 0 years 0 years 2027-05-30 2028-05-30 2029-05-30 2027-05-30 2028-05-30 2029-05-30 0001364742 us-gaap:FairValueInputsLevel1Member us-gaap:PrivateEquityFundsMember us-gaap:FairValueMeasurementsRecurringMember 2024-03-31 0001364742 us-gaap:EquitySecuritiesMember blk:InvestmentInNAVMember 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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 XLU. Express as a decimal (e.g., -0.02).

Answer: -0.0130

Explanation: Historical simulation VaR at 95%: sort the 60 daily returns and take the 5th percentile. VaR(95%) = -0.0130 (i.e., on a bad day with 5% probability, the loss exceeds 1.30%). CVaR(95%) = -0.0159.


UNG: 60-day return history, mean=-0.0016, std=0.0383.

Question:
Asset: UNG
Daily returns (past 60 days): mean=-0.0016, std=0.0383, min=-0.0858, max=0.0843
Market regime: sideways

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

Answer: -0.0542

Explanation: Historical simulation VaR at 95%: sort the 60 daily returns and take the 5th percentile. VaR(95%) = -0.0542 (i.e., on a bad day with 5% probability, the loss exceeds 5.42%). CVaR(95%) = -0.0703.


ACWI: 60-day return history, mean=0.0002, std=0.0069.

Question:
Asset: ACWI
Daily returns (past 60 days): mean=0.0002, std=0.0069, min=-0.0302, max=0.0119
Market regime: sideways
Recent filing/news:
[SEC 10-Q WMT 2024-12-06] wmt-20241031 0000104169 1/31 2025 Q3 false 451 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:derivativeAction wmt:pharmacist wmt:segment 0000104169 2024-02-01 2024-10-31 0000104169 wmt:CommonStockparvalue0.10pershareMember 2024-02-01 2024-10-31 0000104169 wmt:A2.550NotesDue2026Member 2024-02-01 2024-10-31 0000104169 wmt:A1050NotesDue2026Member 2024-02-01 2024-10-31 0000104169 wmt:A1500NotesDue2028Member 2024-02-01 2024-10-31 0000104169 wmt:A4875NotesDue2029Member 2024-02-01 2024-10-31 0000104169 wmt:A5750NotesDue2030Member 2024-02-01 2024-10-31 0000104169 wmt:A1800NotesDue2031Member 2024-02-01 2024-10-31 0000104169 wmt:A5625NotesDue2034Member 2024-02-01 2024-10-31 0000104169 wmt:A5250NotesDue2035Member 2024-02-01 2024-10-31 0000104169 wmt:A4875NotesDue2039Member 2024-02-01 2024-10-31 0000104169 2024-12-04 0000104169 2024-08-01 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us-gaap:AccumulatedOtherComprehensiveIncomeMember 2023-08-01 2023-10-31 0000104169 us-gaap:Com [...TRUNCATED...] 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. 35 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 October 31, 2024, formatted in Inline XBRL (included in Exhibit 101) * Filed herewith as an Exhibit. ** Furnished herewith as an Exhibit. 36 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: December 6, 2024 By: /s/ C. Douglas McMillon C. Douglas McMillon President and Chief Executive Officer (Principal Executive Officer) Date: December 6, 2024 By: /s/ John David Rainey John David Rainey Executive Vice President and Chief Financial Officer (Principal Financial Officer) Date: December 6, 2024 By: /s/ David M. Chojnowski David M. Chojnowski Senior Vice President and Controller (Principal Accounting Officer) 37

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: -0.0094

Explanation: Historical simulation VaR at 95%: sort the 60 daily returns and take the 5th percentile. VaR(95%) = -0.0094 (i.e., on a bad day with 5% probability, the loss exceeds 0.94%). CVaR(95%) = -0.0186.


SCHP: 60-day return history, mean=-0.0003, std=0.0037.

Question:
Asset: SCHP
Daily returns (past 60 days): mean=-0.0003, std=0.0037, min=-0.0074, max=0.0098
Market regime: sideways

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

Answer: -0.0059

Explanation: Historical simulation VaR at 95%: sort the 60 daily returns and take the 5th percentile. VaR(95%) = -0.0059 (i.e., on a bad day with 5% probability, the loss exceeds 0.59%). CVaR(95%) = -0.0066.


SOL-USD: 60-day return history, mean=0.0006, std=0.0371.

Question:
Asset: SOL-USD
Daily returns (past 60 days): mean=0.0006, std=0.0371, min=-0.0861, max=0.1023
Market regime: sideways
Recent filing/news:
[Kaggle 2023-05-11]

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: -0.0551

Explanation: Historical simulation VaR at 95%: sort the 60 daily returns and take the 5th percentile. VaR(95%) = -0.0551 (i.e., on a bad day with 5% probability, the loss exceeds 5.51%). CVaR(95%) = -0.0778.


LINK-USD: 60-day return history, mean=0.0013, std=0.0350.

Question:
Asset: LINK-USD
Daily returns (past 60 days): mean=0.0013, std=0.0350, min=-0.0940, max=0.0825
Market regime: sideways
Recent filing/news:
[Kaggle 2023-05-03]

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: -0.0547

Explanation: Historical simulation VaR at 95%: sort the 60 daily returns and take the 5th percentile. VaR(95%) = -0.0547 (i.e., on a bad day with 5% probability, the loss exceeds 5.47%). CVaR(95%) = -0.0732.


IWM: 60-day return history, mean=-0.0003, std=0.0108.

Question:
Asset: IWM
Daily returns (past 60 days): mean=-0.0003, std=0.0108, min=-0.0268, max=0.0216
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 IWM. Express as a decimal (e.g., -0.02).

Answer: -0.0180

Explanation: Historical simulation VaR at 95%: sort the 60 daily returns and take the 5th percentile. VaR(95%) = -0.0180 (i.e., on a bad day with 5% probability, the loss exceeds 1.80%). CVaR(95%) = -0.0219.


BNO: 60-day return history, mean=0.0016, std=0.0115.

Question:
Asset: BNO
Daily returns (past 60 days): mean=0.0016, std=0.0115, min=-0.0297, max=0.0302
Market regime: sideways

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

Answer: -0.0145

Explanation: Historical simulation VaR at 95%: sort the 60 daily returns and take the 5th percentile. VaR(95%) = -0.0145 (i.e., on a bad day with 5% probability, the loss exceeds 1.45%). CVaR(95%) = -0.0263.


DOT-USD: 60-day return history, mean=-0.0006, std=0.0400.

Question:
Asset: DOT-USD
Daily returns (past 60 days): mean=-0.0006, std=0.0400, min=-0.0767, max=0.1491
Market regime: sideways
Recent filing/news:
[Kaggle 2023-04-09]

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: -0.0573

Explanation: Historical simulation VaR at 95%: sort the 60 daily returns and take the 5th percentile. VaR(95%) = -0.0573 (i.e., on a bad day with 5% probability, the loss exceeds 5.73%). CVaR(95%) = -0.0672.


XLI: 60-day return history, mean=0.0003, std=0.0072.

Question:
Asset: XLI
Daily returns (past 60 days): mean=0.0003, std=0.0072, min=-0.0170, max=0.0150
Market regime: sideways
Recent filing/news:
[Kaggle 2023-09-08] ["What Lies Ahead for Apple ETFs After iPhone Use Ban? The tech giant Apple Inc. AAPL shed nearly $200 billion in market value in just two days amid the reports of China planning to expand a ban on the use of iPhones to government-backed agencies and state companies. Notably, China is Apple\u2019s third-largest market, accounting for 18% of the company\u2019s total revenues last year. The Wall Street Journal disclosed on Wednesday that Beijing had issued a directive instructing officials within central government agencies not to bring iPhones into their workplaces or use them for professional purposes. Bloomberg News later reported that this prohibition could extend to employees of state-owned enterprises and government-affiliated institutions. Bernstein analyst believes an iPhone ban on all Chinese government employees could cut Apple's phone sales in China by as much as 5%. However, most analysts are also calling the reaction overblown, considering China is a much larger market beyond government agencies. Wedbush Securities thinks the ban would affect less than 5,00,000 iPhones of the roughly 45 million he expects to be sold in the country over the next 12 months. The rumored restriction on iPhones comes closely after Huawei, a Chinese tech giant, launched its new premium smartphone. Bank of America analysts found the timing of these events to be noteworthy. Growth Prospects One of the primary motivations to invest in Apple is its dominant presence in the consumer tech landscape, positioning it favorably for expansion into rapidly growing sectors like artificial intelligence (AI) and virtual/augmented reality (VR/AR). These areas are anticipated to see compound annual growth rates exceeding 30% until 2030 (read: Guide to Artificial Intelligence ETFs). Historically, Apple has demonstrated an ability to penetrate new markets and swiftly capture significant market share. With the recent launch of its VR/AR headset, the Vision Pro, in June, Apple's growth potential seems even more promising. Additionally, the iPhone maker is expanding into new markets. Apple's Services segment, which includes the App Store, iCloud, Apple Music, Apple TV+ and Apple Arcade, has been a significant growth driver. With a growing global user base, these services are expected to generate massive revenues. Solid Zacks Estimates Apple boasts the world\u2019s highest stock market valuation, at nearly $2.8 trillion. It has seen positive earnings estimate revision of a penny for both the current and the next fiscal year over the past 30 days. Apple currently has an average brokerage recommendation (ABR) of 1.64 on a scale of 1 to 5 (Strong Buy to Strong Sell), calculated based on the actual recommendations made by 29 brokerage firms. The current ABR compares to an ABR of 1.64 a month ago based on 29 recommendations. Of the 29 recommendations deriving the current ABR, 18 are Strong Buy and three are Buy. Strong Buy and Buy, respectively, account for 62.07% and 10.34% of all rec

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

Answer: -0.0106

Explanation: Historical simulation VaR at 95%: sort the 60 daily returns and take the 5th percentile. VaR(95%) = -0.0106 (i.e., on a bad day with 5% probability, the loss exceeds 1.06%). CVaR(95%) = -0.0140.


HYG: 60-day return history, mean=0.0001, std=0.0031.

Question:
Asset: HYG
Daily returns (past 60 days): mean=0.0001, std=0.0031, min=-0.0088, max=0.0077
Market regime: sideways

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

Answer: -0.0047

Explanation: Historical simulation VaR at 95%: sort the 60 daily returns and take the 5th percentile. VaR(95%) = -0.0047 (i.e., on a bad day with 5% probability, the loss exceeds 0.47%). CVaR(95%) = -0.0072.


VEA: 60-day return history, mean=-0.0006, std=0.0082.

Question:
Asset: VEA
Daily returns (past 60 days): mean=-0.0006, std=0.0082, min=-0.0195, max=0.0190
Market regime: sideways
Recent filing/news:
[Kaggle 2023-09-28] ["US STOCKS-Wall St set for lower open on rate jitters; Powell on deck By Ankika Biswas and Shashwat Chauhan Sept 28 (Reuters) - Wall Street's main indexes eyed a lower open on Thursday aselevated oil prices muddled the inflation outlook amid worries over prolonged restrictive monetary policy, while investors assessed data and awaited Federal Reserve chief Jerome Powell's remarks. The scope for interest rates staying higher for longer than anticipated has solidified with soaring energy prices keeping headline inflation elevated. Deepening the concerns, U.S. oil futures jumped to a more than one-year high on Thursday. Riding on the back of higher crude prices, energy .SPNY is set to emerge as the only major S&P 500 sector to notch monthly gains. Meanwhile, rate-sensitive information technology .SPLRCT and real estate .SPLRCT were on track to be the worst hit. Further, data showed the U.S. economy maintained a fairly strong pace of growth in the second quarter, the government confirmed on Thursday, and appears to have gathered momentum this quarter amid a resilient labor market. \"A sharp rise in unemployment and claims isn't a prerequisite for the Fed to stop raising rates,\" said Nancy Vanden Houten, lead U.S. economist at Oxford Economics. \"Fed Chair Powell made clear last week, however, that the Fed needs to see other signs that the labor market is continuing to come into better balance if it is to refrain from further rate hikes.\" As U.S. Treasury yields resumed their uptrend after briefly slipping following the data, megacap growth stocks including Apple AAPL.O, Microsoft MSFT.O, Amazon.com AMZN.O and Tesla TSLA.O shed between 0.1% and 1.2% in premarket trading. At 8:52 a.m. ET, Dow e-minis 1YMcv1 were down 32 points, or 0.09%, S&P 500 e-minis EScv1 were down 6.75 points, or 0.16%, and Nasdaq 100 e-minis NQcv1 were down 45 points, or 0.31%. All the three indexes are set for their first quarterly decline in 2023. Also on radar will be comments by Powell at 4 p.m. ET, as well as remarks by voting member Lisa Cook during the day. With a partial government shutdown just three days away, a procedural vote on a bipartisan short-term spending measure by the Senate on Thursday will also be closely watched. Among individual movers, Micron TechnologyMU.O dropped 2.8% after forecasting a bigger-than-expected first-quarter loss. WorkdayWDAY.O dipped 9.8% after the human resources software company lowered its subscription revenue growth outlook for the next three years. Meme darling GameStopGME.N jumped 7.3% after the company named billionaire activist investor Ryan Cohen as its CEO and chairman. (Reporting by Ankika Biswas and Shashwat Chauhan; Editing by Sriraj Kalluvila and Maju Samuel) ((Ankika.Biswas@thomsonreuters.com; Shashwat.Chauhan@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.", "SCHX ETF: A Large-Cap ETF for Large Gains The Schwab U.S.

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

Answer: -0.0145

Explanation: Historical simulation VaR at 95%: sort the 60 daily returns and take the 5th percentile. VaR(95%) = -0.0145 (i.e., on a bad day with 5% probability, the loss exceeds 1.45%). CVaR(95%) = -0.0180.


XLY: 60-day return history, mean=-0.0010, std=0.0132.

Question:
Asset: XLY
Daily returns (past 60 days): mean=-0.0010, std=0.0132, min=-0.0277, max=0.0265
Market regime: sideways
Recent filing/news:
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us-gaap:FairValueInputsLevel2Member 2023-09-30 0000320193 us-gaap:CashMember 2022-09-24 0000320193 us [...TRUNCATED...]  Document Set for the consolidated financial statements and accompanying notes in Part II, Item 8, “Financial Statements and Supplementary Data” of this Annual Report on Form 10-K. Apple Inc. | 2023 Form 10-K | 56 Incorporated by Reference Exhibit Number Exhibit Description Form Exhibit Filing Date/ Period End Date 104** Inline XBRL for the cover page of this Annual Report on Form 10-K, included in the Exhibit 101 Inline XBRL Document Set. * Indicates management contract or compensatory plan or arrangement. ** Filed herewith. *** Furnished herewith. (1) Certain instruments defining the rights of holders of long-term debt securities of the Registrant are omitted pursuant to Item 601(b)(4)(iii) of Regulation S-K. The Registrant hereby undertakes to furnish to the SEC, upon request, copies of any such instruments. Item 16.    Form 10-K Summary None. Apple Inc. | 2023 Form 10-K | 57 SIGNATURES Pursuant to the requirements of Section 13 or 15(d) 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. Date: November 2, 2023 Apple Inc. By: /s/ Luca Maestri Luca Maestri Senior Vice President, Chief Financial Officer Power of Attorney KNOW ALL PERSONS BY THESE PRESENTS, that each person whose signature appears below constitutes and appoints Timothy D. Cook and Luca Maestri, jointly and severally, his or her attorneys-in-fact, each with the power of substitution, for him or her in any and all capacities, to sign any amendments to this Annual Report on Form 10-K, and to file the same, with exhibits thereto and other documents in connection therewith, with the Securities and Exchange Commission, hereby ratifying and confirming all that each of said attorneys-in-fact, or his substitute or substitutes, may do or cause to be done by virtue hereof. Pursuant to the requirements of the Securities Exchange Act of 1934, this report has been signed below by the following persons on behalf of the Registrant and in the capacities and on the dates indicated: Name Title Date /s/ Timothy D. Cook Chief Executive Officer and Director (Principal Executive Officer) November 2, 2023 TIMOTHY D. COOK /s/ Luca Maestri Senior Vice President, Chief Financial Officer (Principal Financial Officer) November 2, 2023 LUCA MAESTRI /s/ Chris Kondo Senior Director of Corporate Accounting (Principal Accounting Officer) November 2, 2023 CHRIS KONDO /s/ James A. Bell Director November 2, 2023 JAMES A. BELL /s/ Al Gore Director November 2, 2023 AL GORE /s/ Alex Gorsky Director November 2, 2023 ALEX GORSKY /s/ Andrea Jung Director November 2, 2023 ANDREA JUNG /s/ Arthur D. Levinson Director and Chair of the Board November 2, 2023 ARTHUR D. LEVINSON /s/ Monica Lozano Director November 2, 2023 MONICA LOZANO /s/ Ronald D. Sugar Director November 2, 2023 RONALD D. SUGAR /s/ Susan L. Wagner Director November 2, 2023 SUSAN L. WAGNER Apple Inc. | 2023 Form 10-K | 58

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: -0.0238

Explanation: Historical simulation VaR at 95%: sort the 60 daily returns and take the 5th percentile. VaR(95%) = -0.0238 (i.e., on a bad day with 5% probability, the loss exceeds 2.38%). CVaR(95%) = -0.0261.


QUAL: 60-day return history, mean=0.0009, std=0.0071.

Question:
Asset: QUAL
Daily returns (past 60 days): mean=0.0009, std=0.0071, min=-0.0148, max=0.0161
Market regime: bull
Recent filing/news:
[SEC 10-Q BLK 2024-05-07] 10-Q --12-31 Q1 0001364742 false http://fasb.org/us-gaap/2023#OtherAssets http://fasb.org/us-gaap/2023#OtherAssets http://fasb.org/us-gaap/2023#NonoperatingIncomeExpense http://fasb.org/us-gaap/2023#NonoperatingIncomeExpense http://fasb.org/us-gaap/2023#NonoperatingIncomeExpense http://fasb.org/us-gaap/2023#NonoperatingIncomeExpense 2024-06 2024-03 2024-06 2024-03 http://fasb.org/us-gaap/2023#GainLossOnInvestments http://fasb.org/us-gaap/2023#GainLossOnInvestments http://fasb.org/us-gaap/2023#GeneralAndAdministrativeExpense http://fasb.org/us-gaap/2023#GeneralAndAdministrativeExpense 2028-03-31 9 1 1 1 1 9 1 1 1 1 9 1 1 1 1 9 1 1 1 1 1 P2Y 0 years 0 years 2027-05-30 2028-05-30 2029-05-30 2027-05-30 2028-05-30 2029-05-30 0001364742 us-gaap:FairValueInputsLevel1Member us-gaap:PrivateEquityFundsMember us-gaap:FairValueMeasurementsRecurringMember 2024-03-31 0001364742 us-gaap:EquitySecuritiesMember blk:InvestmentInNAVMember 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2023-03-31 0001364742 us-gaap:EquitySecuritiesMember blk:ConsolidatedVotingRightsEntitiesMember 2024-03-31 0001364742 us-gaap:FairValueInputsLevel2Member us-gaap:FairValueMeasurementsRecurringMember 2024-03-31 0001364742 us-gaap:EquitySecuritiesMember us-gaap:VariableInterestEntityPrimaryBeneficiaryMember 2024-03-31 0001364742 us-gaap:ForeignExchangeForwardMember 2023-12-31 0001364742 blk:OnePointNineZeroPercentNotesDueTwoThousandThirtyOneMember 2024-03-31 0001364742 blk:EquityFixedIncomeAndMultiAssetMutualFundsMember us-gaap:FairValueMeasurementsRecurringMember 2023-12-31 0001364742 2022-10-01 2022-12-31 0001364742 us-gaap:FairValueMeasurementsRecurringMember us-gaap:PortionAtOtherThanFairValueFairValueDisclosureMember 2024-03-31 0001364742 blk:AlternativeInvestmentsProductsMember us-gaap:InvestmentPerformanceMember 2024-01-01 2024-03-31 0001364742 srt:AmericasMember 2023-12-31 0001364742 us-gaap:FairValueInputsLevel1Member us-gaap:FairValueMeasurementsRecurringMember 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 QUAL. Express as a decimal (e.g., -0.02).

Answer: -0.0128

Explanation: Historical simulation VaR at 95%: sort the 60 daily returns and take the 5th percentile. VaR(95%) = -0.0128 (i.e., on a bad day with 5% probability, the loss exceeds 1.28%). CVaR(95%) = -0.0142.


BTC-USD: 60-day return history, mean=0.0054, std=0.0192.

Question:
Asset: BTC-USD
Daily returns (past 60 days): mean=0.0054, std=0.0192, min=-0.0259, max=0.1031
Market regime: sideways
Recent filing/news:
[Kaggle 2023-11-01]

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

Answer: -0.0163

Explanation: Historical simulation VaR at 95%: sort the 60 daily returns and take the 5th percentile. VaR(95%) = -0.0163 (i.e., on a bad day with 5% probability, the loss exceeds 1.63%). CVaR(95%) = -0.0219.


LINK-USD: 60-day return history, mean=0.0000, std=0.0299.

Question:
Asset: LINK-USD
Daily returns (past 60 days): mean=0.0000, std=0.0299, min=-0.0854, max=0.0670
Market regime: sideways
Recent filing/news:
[Kaggle 2023-01-25]

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: -0.0490

Explanation: Historical simulation VaR at 95%: sort the 60 daily returns and take the 5th percentile. VaR(95%) = -0.0490 (i.e., on a bad day with 5% probability, the loss exceeds 4.90%). CVaR(95%) = -0.0689.


FXI: 60-day return history, mean=-0.0019, std=0.0167.

Question:
Asset: FXI
Daily returns (past 60 days): mean=-0.0019, std=0.0167, min=-0.0376, max=0.0407
Market regime: sideways
Recent filing/news:
[Kaggle 2023-05-02] ["Top Stocks To Buy Now? 3 Dow Stocks In Focus Today The Dow Jones Industrial Average (DJIA), commonly known as \u201cthe Dow,\u201d is a prominent stock market index that monitors the performance of 30 leading blue-chip companies listed on the New York Stock Exchange (NYSE) and the NASDAQ. The DJIA stands as one of the oldest and most respected market indices globally. The index acts as a gauge of the U.S. economy\u2019s well-being, offering investors a broad overview of market performance while reflecting the robustness of various sectors, including technology, finance, healthcare, and consumer goods. In addition, Dow 30 stocks encompass the 30 constituent firms of the DJIA, chosen to portray a diverse array of industries and regarded as some of the most stable and established corporations in the United States. It is crucial to understand that the DJIA is a price-weighted index, which means the index\u2019s value is determined by the sum of its constituents\u2019 stock prices, adjusted for stock splits and dividends. This calculation method may result in greater influence from higher-priced stocks, rendering the index less representative of the overall market than other indices, such as the market-cap-weighted S&P 500. Bearing that in mind, let\u2019s explore Dow Jones stocks to watch today. Dow Stocks To Watch Today Apple, Inc. (NASDAQ: AAPL) Nike, Inc. (NYSE: NKE) Honeywell International Inc. (NASDAQ: HON) Apple (AAPL Stock) Apple, Inc. (AAPL) is a globally renowned technology company that designs, manufactures, and markets consumer electronics, software, and online services. Best known for its flagship products such as the iPhone, iPad, Mac computers, and Apple Watch. Meanwhile, this week Apple is set to report its second quarter 2023 financial results. In detail, the company will release its Q2 2023 earnings results this Thursday, May 4, 2023, after the U.S. stock market closes. To recap, in Q1 2023, Apple reported earnings of $1.88 per share, with revenue of $117.2 billion. Year-to-date, shares of Apple stock have increased by 34.68% thus far. While, during Tuesday\u2019s mid-morning trading session, AAPL stock is trading at $168.42 per share. Source: TD Ameritrade TOS [Read More] Good Stocks To Buy Right Now? 3 Tech Stocks In Focus Nike (NKE Stock) Next, Nike, Inc. (NKE) is a multinational corporation specializing in the design, development, manufacturing, and marketing of athletic footwear, apparel, equipment, and accessories. For a sense of scale, Nike is one of the world\u2019s largest suppliers of athletic shoes and apparel. Back in March, Nike reported its most recent 3rd quarter of 2023 financial results. Diving in, the company posted an EPS of $0.79 on revenue of $12.4 billion. This came in better than analysts\u2019 consensus estimate for the quarter which was earnings of $0.52 per share, with revenue estimates of $11.5 billion. Additionally, Nike also reported that revenue grew by 14.0% versus the same period, the prior year. In

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

Answer: -0.0278

Explanation: Historical simulation VaR at 95%: sort the 60 daily returns and take the 5th percentile. VaR(95%) = -0.0278 (i.e., on a bad day with 5% probability, the loss exceeds 2.78%). CVaR(95%) = -0.0324.


SGOV: 60-day return history, mean=0.0001, std=0.0002.

Question:
Asset: SGOV
Daily returns (past 60 days): mean=0.0001, 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%) = -0.0001.


BNB-USD: 60-day return history, mean=0.0005, std=0.0198.

Question:
Asset: BNB-USD
Daily returns (past 60 days): mean=0.0005, std=0.0198, min=-0.0341, max=0.0556
Market regime: sideways
Recent filing/news:
[Kaggle 2023-08-09]

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

Answer: -0.0323

Explanation: Historical simulation VaR at 95%: sort the 60 daily returns and take the 5th percentile. VaR(95%) = -0.0323 (i.e., on a bad day with 5% probability, the loss exceeds 3.23%). CVaR(95%) = -0.0333.


IVV: 60-day return history, mean=-0.0014, std=0.0077.

Question:
Asset: IVV
Daily returns (past 60 days): mean=-0.0014, std=0.0077, min=-0.0165, max=0.0143
Market regime: sideways
Recent filing/news:
[Kaggle 2023-10-27] ["Big Banks and Big Rates In this podcast, Motley Fool host Dylan Lewis and analysts Emily Flippen and Jason Moser discuss: What big interest rates mean for big banks and the latest insights from Jamie Dimon. Pepsi's earnings showing signs that growth might be propped up by price hikes. Atlassian's $1 billion acquisition of Loom. The market reaction to the Birkenstock IPO. Spotify's latest audio push. Two stocks worth watching: Outset Medical and Twilio. Bloomberg's Zeke Faux talks with Motley Fool host Deidre Woollard about the trial of FTX's Sam Bankman Fried. To catch full episodes of all The Motley Fool's free podcasts, check out our podcast center. To get started investing, check out our quick-start guide to investing in stocks. A full transcript follows the video. 10 stocks we like better than Walmart When our analyst team has an investing 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 Walmart 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 10/16/2023 This video was recorded on Oct. 13, 2023. Dylan Lewis: We've got an update on what Big Banks are doing with big rates and one acquisition announced, another one closed. Motley Fool Money starts now. Jason Moser: From Fool Global headquarters, this is Motley Fool Money. Dylan Lewis: It's the Motley Fool Money radio show. I'm Dylan Lewis, joining me in studio, Motley Fool Senior Analysts Emily Flippen and Jason Moser. Great to have you both here. Hey. Emily Flippen: Hey. Dylan Lewis: We've got the story from the courthouse at the trial of Sam Bank, been freed. A tepid reception for a new IPO and a big deal, finally coming to a close. But first, we've got earnings, results that will have us checking in on two major stories, interest rates and pricing power. Jason, we're going to start with interest rates and the Big Banks. They reported Friday morning getting the earnings party started. What did you see in results from JP Morgan and Wells Fargo? Jason Moser: It seems on a day where the markets viewing things from the glass-half-empty perspective, these banks are at least presenting a little green for us. I think the big headline for these banks, of course, is the higher rate environment. Rates hit banks in a number of different ways. Some good, some bad. They're going to pay up for deposits as consumers shift holdings and higher yielding instruments, they benefit from higher interest payments on those mortgage loans. By the same token, higher borrowing costs tamp down demand for those loans. Then the bonds owned by these banks, they start to fall in value as these yields rise. It hits their capital positions. I think that beyond the macro stuff, I mean that's one thing to keep an eye on is the capital requirements as this lands

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

Answer: -0.0136

Explanation: Historical simulation VaR at 95%: sort the 60 daily returns and take the 5th percentile. VaR(95%) = -0.0136 (i.e., on a bad day with 5% probability, the loss exceeds 1.36%). CVaR(95%) = -0.0152.


EEM: 60-day return history, mean=0.0002, std=0.0116.

Question:
Asset: EEM
Daily returns (past 60 days): mean=0.0002, std=0.0116, min=-0.0250, max=0.0317
Market regime: bull
Recent filing/news:
[SEC 10-Q NVDA 2024-11-20] nvda-20241027 0001045810 1/26 2025 Q3 FALSE http://fasb.org/us-gaap/2024#AccruedLiabilitiesCurrent http://fasb.org/us-gaap/2024#AccruedLiabilitiesCurrent 0 550 456 xbrli:shares iso4217:USD iso4217:USD xbrli:shares xbrli:pure nvda:segment 0001045810 2024-01-29 2024-10-27 0001045810 2024-11-15 0001045810 2024-07-29 2024-10-27 0001045810 2023-07-31 2023-10-29 0001045810 2023-01-30 2023-10-29 0001045810 2024-10-27 0001045810 2024-01-28 0001045810 us-gaap:CommonStockMember 2024-07-28 0001045810 us-gaap:AdditionalPaidInCapitalMember 2024-07-28 0001045810 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2024-07-28 0001045810 us-gaap:RetainedEarningsMember 2024-07-28 0001045810 2024-07-28 0001045810 us-gaap:RetainedEarningsMember 2024-07-29 2024-10-27 0001045810 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2024-07-29 2024-10-27 0001045810 us-gaap:CommonStockMember 2024-07-29 2024-10-27 0001045810 us-gaap:AdditionalPaidInCapitalMember 2024-07-29 2024-10-27 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nvda:PubliclyHeldEquitySecuritiesMember 2024-01-28 0001045810 us-gaap:FairValueInputsLevel2Member us-gaap:USTreasur [...TRUNCATED...]  30, 2024 , Ajay K. Puri , Executive Vice President , Worldwide Field Operations, adopted a Rule 10b5-1 Trading Arrangement for the sale of up to 204,890 shares of our common stock through December 30, 2025 . 40 Item 6. Exhibits Exhibit No.  Exhibit Description 10.1+* Amended and Restated 2007 Equity Incentive Plan – Global Restricted Stock Unit Grant Notice and Global Restricted Stock Unit Agreement (2024) 31.1* Certification of Chief Executive Officer as required by Rule 13a-14(a) of the Securities Exchange Act of 1934 31.2* Certification of Chief Financial Officer as required by Rule 13a-14(a) of the Securities Exchange Act of 1934 32.1#* Certification of Chief Executive Officer as required by Rule 13a-14(b) of the Securities Exchange Act of 1934 32.2#* Certification of Chief Financial Officer as required by Rule 13a-14(b) of the Securities Exchange Act of 1934 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 Document 101.CAL* Inline XBRL Taxonomy Extension Calculation Linkbase Document 101.DEF* Inline XBRL Taxonomy Extension Definition Linkbase Document 101.LAB* Inline XBRL Taxonomy Extension Labels Linkbase Document 101.PRE* Inline XBRL Taxonomy Extension Presentation Linkbase Document 104 Cover Page Interactive Data File - the cover page interactive data file does not appear in the Interactive Data File because its XBRL tags are embedded within the Inline XBRL document. + Management contract or compensatory plan or arrangement. * Filed herewith. # In accordance with Item 601(b)(32)(ii) of Regulation S-K and SEC Release Nos. 33-8238 and 34-47986, Final Rule: Management's Reports on Internal Control Over Financial Reporting and Certification of Disclosure in Exchange Act Periodic Reports, the certifications furnished in Exhibits 32.1 and 32.2 hereto are deemed to accompany this Quarterly Report on Form 10-Q and will not be deemed “filed” for purpose of Section 18 of the Exchange Act. Such certifications will not be deemed to be incorporated by reference into any filing under the Securities Act or the Exchange Act, except to the extent that the registrant specifically incorporates it by reference. Copies of above exhibits not contained herein are available to any shareholder upon written request to: Investor Relations: NVIDIA Corporation, 2788 San Tomas Expressway, Santa Clara, CA 95051. 41 Signature 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. Date: November 20, 2024   NVIDIA Corporation  By:    /s/ Colette M. Kress   Colette M. Kress   Executive Vice President and Chief Financial Officer (Duly Authorized Officer and Principal Financial Officer) 42

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: -0.0193

Explanation: Historical simulation VaR at 95%: sort the 60 daily returns and take the 5th percentile. VaR(95%) = -0.0193 (i.e., on a bad day with 5% probability, the loss exceeds 1.93%). CVaR(95%) = -0.0238.


ADA-USD: 60-day return history, mean=0.0022, std=0.0371.

Question:
Asset: ADA-USD
Daily returns (past 60 days): mean=0.0022, std=0.0371, min=-0.0723, max=0.1162
Market regime: sideways
Recent filing/news:
[Kaggle 2023-04-10]

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: -0.0393

Explanation: Historical simulation VaR at 95%: sort the 60 daily returns and take the 5th percentile. VaR(95%) = -0.0393 (i.e., on a bad day with 5% probability, the loss exceeds 3.93%). CVaR(95%) = -0.0581.


SOL-USD: 60-day return history, mean=0.0134, std=0.0415.

Question:
Asset: SOL-USD
Daily returns (past 60 days): mean=0.0134, std=0.0415, min=-0.0616, max=0.1141
Market regime: sideways
Recent filing/news:
[Kaggle 2023-11-06]

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: -0.0411

Explanation: Historical simulation VaR at 95%: sort the 60 daily returns and take the 5th percentile. VaR(95%) = -0.0411 (i.e., on a bad day with 5% probability, the loss exceeds 4.11%). CVaR(95%) = -0.0545.


ADA-USD: 60-day return history, mean=-0.0007, std=0.0271.

Question:
Asset: ADA-USD
Daily returns (past 60 days): mean=-0.0007, std=0.0271, min=-0.0506, max=0.0792
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: -0.0369

Explanation: Historical simulation VaR at 95%: sort the 60 daily returns and take the 5th percentile. VaR(95%) = -0.0369 (i.e., on a bad day with 5% probability, the loss exceeds 3.69%). CVaR(95%) = -0.0436.


XLI: 60-day return history, mean=0.0002, std=0.0088.

Question:
Asset: XLI
Daily returns (past 60 days): mean=0.0002, std=0.0088, min=-0.0244, max=0.0204
Market regime: sideways
Recent filing/news:
[Kaggle 2023-11-30] ["UK antitrust regulator wins appeal over Apple probe Adds details from ruling and CMA comment in paragraphs 4-6 LONDON, Nov 30 (Reuters) - Britain's antitrust regulator won an appeal on Thursday against a ruling blocking its investigation into Apple Inc's AAPL.O mobile browser and cloud gaming services. The Competition and Markets Authority (CMA) opened a full investigation last year into the dominance of Apple and Alphabet Inc's Google GOOGL.O in mobile browsers, and the possibility of the iPhone maker restricting the cloud gaming market through its app store. Apple argued that the CMA had \"no power\" to launch such an inquiry because it did so too late and the Competition Appeal Tribunal (CAT) ruled in Apple's favour in March, but the Court of Appeal in London overturned that decision on Thursday. Judge Nicholas Green said in a written ruling that the CAT had \"lost sight\" of the CMA's role to \"promote competition and protect consumers\". Sarah Cardell, chief executive of the CMA, welcomed the decision which she said \"gives the CMA the backing it needs to protect consumers and promote competition in UK\". She added that the CMA is ready to reopen the investigation \"when the legal process is complete\". (Reporting by Sam Tobin; editing by Michael Holden) ((Sam.Tobin@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.", "Japan aircon king Daikin looks to custom chips for energy savings By Sam Nussey and Miho Uranaka TOKYO, Dec 1 (Reuters) - Japanese air conditioner maker Daikin Industries 6367.T is turning to custom-made semiconductors to eke out energy savings, as companies increasingly look to bespoke chip designs to enhance performance. As tech heavyweights such as Apple AAPL.O and Amazon AMZN.O spend heavily on custom cutting-edge chips, companies using legacy chips are also looking to introduce custom silicon. Osaka-headquartered Daikin, which expects to make 10 million home air conditioners in the current financial year, said it is partnering with a Japanese design company to customise logic chips for inverters used in its air conditioners. Inverters adjust the speed of an air conditioner's motor to save energy. They are standard in Japan and the European Union but less common in the United States. The custom chips, to be made by Taiwan's TSMC 2330.TW, cost more than off-the-shelf alternatives but offer better energy efficiency and allow a reduction in the use of other components, according to a Daikin executive. \"To bring out the full performance of an air conditioner's compressor and motor, we need to improve chip performance or we will hit a limit,\" Yuji Yoneda, general manger of Daikin's technology and innovation centre, said in an interview. Daikin plans to start introducing the chips in high-end air conditioners from 2025 and is looking at using them in about a fifth of units by the end of the decade. The company, which deve

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

Answer: -0.0130

Explanation: Historical simulation VaR at 95%: sort the 60 daily returns and take the 5th percentile. VaR(95%) = -0.0130 (i.e., on a bad day with 5% probability, the loss exceeds 1.30%). CVaR(95%) = -0.0188.


XLF: 60-day return history, mean=0.0000, std=0.0089.

Question:
Asset: XLF
Daily returns (past 60 days): mean=0.0000, std=0.0089, min=-0.0183, max=0.0234
Market regime: sideways
Recent filing/news:
[Kaggle 2023-11-10] ["RPT-EXPLAINER-What is China\u2019s Singles Day, and how is it celebrated? By Granth Vanaik Nov 9 (Reuters) - Black Friday? No. Cyber Monday? Nope. Prime Day? Absolutely not. The world's biggest shopping event happens in China each year - and it's called Singles Day. Originally a holiday to celebrate being single, as a counter to Valentine's Day, the event has grown into a weeks-long online shopping festival that peaks on Nov. 11. WHEN DID THE IDEA OF SINGLES DAY ORIGINATE? The idea for Singles Day had originated at China's Nanjing University back in 1993 and was originally called \"Bachelor's Day.\" On the day, single people treat themselves with gifts and presents, while also organizing social gatherings and parties. HOW MUCH DO CONSUMERS SPEND? Last year, the total value of goods sold during the shopping bonanza - also known as \"Double 11\" - totaled 1.15 trillion yuan ($157.97 billion), according to data from consultancy firm Bain. That is more than four times the $35.3 billion U.S. shoppers spent last year during Cyber Week, the period from Black Friday to Cyber Monday, per data from Adobe Analytics. Cyber Monday immediately follows Black Friday, which falls on the day after the U.S. Thanksgiving Day holiday, the busiest shopping day of the year in the United States. But growth has been slowing even as overall sales for Singles Day hit record highs, with last year's 3% rise marking the slowest increase ever. The event has in recent years lost some of its novelty with the rise of other shopping festivals in China,including the midyear \"618\" sales that are the country's second largest. Strict COVID-19 curbs in China impacted sales last year, but several industry experts are expecting a rebound, as the economy improves and livestream sales remain robust. \"We're optimistic about growth this year because the recovery seems to be stabilizing and consumption is on a more clear upward trend,\" said Jacob Cooke, co-founder and CEO of Beijing-based WPIC Marketing + Technologies. His e-commerce consultancy firm expects sales for the Chinese shopping event to rise in the range between 14% and 18% from last year, which is higher than Adobe's projection for a 5.4% rise in Cyber Week sales. WHAT MAJOR BRANDS AND PRODUCTS ARE SHOPPERS BUYING? JD.com 9618.HK joined in 2012 and PDD Holdings-owned PDD.O Pinduoduo has also become a significant player, offering low cost products in competition with Alibaba-owned Tmall and Taobao platforms. Last year, Chinese shoppers spent more on essentials, supplements, vitamins and pet-care products. Those products are expected to stay in demand this year, along with more lifestyle-focused products such as athletic wear and sports equipment. \"There is enormous demand among Chinese consumers for products and services that improve their lifestyles and facilitate self-expression,\" Cooke said. HOW DOES SINGLES DAY COMPARE TO BLACK FRIDAY? In comparison, U.S. shoppers last year had bought more Pokemon toys, Hot Wheels, TVs,

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: -0.0160

Explanation: Historical simulation VaR at 95%: sort the 60 daily returns and take the 5th percentile. VaR(95%) = -0.0160 (i.e., on a bad day with 5% probability, the loss exceeds 1.60%). CVaR(95%) = -0.0174.


BTC-USD: 60-day return history, mean=0.0061, std=0.0209.

Question:
Asset: BTC-USD
Daily returns (past 60 days): mean=0.0061, std=0.0209, min=-0.0264, max=0.1031
Market regime: sideways
Recent filing/news:
[Kaggle 2023-11-15]

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

Answer: -0.0163

Explanation: Historical simulation VaR at 95%: sort the 60 daily returns and take the 5th percentile. VaR(95%) = -0.0163 (i.e., on a bad day with 5% probability, the loss exceeds 1.63%). CVaR(95%) = -0.0220.


DBB: 60-day return history, mean=0.0008, std=0.0135.

Question:
Asset: DBB
Daily returns (past 60 days): mean=0.0008, std=0.0135, min=-0.0296, max=0.0276
Market regime: sideways

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

Answer: -0.0208

Explanation: Historical simulation VaR at 95%: sort the 60 daily returns and take the 5th percentile. VaR(95%) = -0.0208 (i.e., on a bad day with 5% probability, the loss exceeds 2.08%). CVaR(95%) = -0.0256.


QQQ: 60-day return history, mean=0.0023, std=0.0094.

Question:
Asset: QQQ
Daily returns (past 60 days): mean=0.0023, std=0.0094, min=-0.0198, max=0.0289
Market regime: sideways
Recent filing/news:
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us-gaap:MortgageBackedSecuritiesIssuedByUSGovernmentSponsoredEnterprisesMember 2022-12-31 0000731766 us-gaap:MortgageBackedSecuritiesIssuedByPrivateEnt [...TRUNCATED...] d long-term debt can be found in Note 8 of the Notes to the Consolidated Financial Statements included in Part II, Item 8, “Financial Statements and Supplementary Data.” Long-term debt obligations of the parent company do not include other financing obligations at subsidiaries which totaled $ 1.1 billion and $ 0.9 billion at December 31, 2023 and 2022. Maturities of short-term borrowings and long-term debt for the years ending December 31 are as follows: (in millions) 2024 $ 4,088   2025 3,050   2026 2,500   2027 2,925   2028 3,000   Thereafter 47,002   UnitedHealth Group’s parent company had notes payable to subsidiaries of $ 9.9 billion and $ 8.7 billion as of December 31, 2023 and 2022, respectively, which included on-demand features. 4. Commitments and Contingencies Certain regulated subsidiaries are guaranteed by UnitedHealth Group’s parent company in the event of insolvency. UnitedHealth Group’s parent company also provides guarantees related to its service level under certain contracts. None of the amounts accrued, paid or charged to income for service level guarantees were material as of December 31, 2023, 2022 or 2021. For a summary of commitments and contingencies, see Note 12 of the Notes to the Consolidated Financial Statements included in Part II, Item 8, “Financial Statements and Supplementary Data.” ITEM  16.    FORM 10-K SUMMARY None. 79 Table of Contents SIGNATURES Pursuant to the requirements of Section 13 or 15(d) 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. Dated: February 28, 2024   UNITEDHEALTH GROUP INCORPORATED By /s/    A NDREW W ITTY   Andrew Witty Chief Executive Officer Pursuant to the requirements of the Securities Exchange Act of 1934, this report has been signed below by the following persons on behalf of the registrant and in the capacities and on the dates indicated.   Signature Title Date /s/ A NDREW W ITTY Director and Chief Executive Officer (principal executive officer) February 28, 2024 Andrew Witty /s/ J OHN R EX Executive Vice President and Chief Financial Officer (principal financial officer) February 28, 2024 John Rex /s/ T HOMAS R OOS Senior Vice President and Chief Accounting Officer (principal accounting officer) February 28, 2024 Thomas Roos * Director February 28, 2024 Charles Baker * Director February 28, 2024 Timothy Flynn * Director February 28, 2024 Paul Garcia * Director February 28, 2024 Kristen Gil * Director February 28, 2024 Stephen Hemsley * Director February 28, 2024 Michele Hooper * Director February 28, 2024 F. William McNabb III * Director February 28, 2024 Valerie Montgomery Rice, M.D. * Director February 28, 2024 John Noseworthy, M.D.   *By /s/ R UPERT B ONDY   Rupert Bondy As Attorney-in-Fact 80

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

Answer: -0.0150

Explanation: Historical simulation VaR at 95%: sort the 60 daily returns and take the 5th percentile. VaR(95%) = -0.0150 (i.e., on a bad day with 5% probability, the loss exceeds 1.50%). CVaR(95%) = -0.0175.


XRP-USD: 60-day return history, mean=0.0023, std=0.0249.

Question:
Asset: XRP-USD
Daily returns (past 60 days): mean=0.0023, std=0.0249, min=-0.0463, max=0.0652
Market regime: sideways
Recent filing/news:
[Kaggle 2023-03-01]

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: -0.0392

Explanation: Historical simulation VaR at 95%: sort the 60 daily returns and take the 5th percentile. VaR(95%) = -0.0392 (i.e., on a bad day with 5% probability, the loss exceeds 3.92%). CVaR(95%) = -0.0424.