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Dynamic risk measure
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<p>In <a href="/facts/Financial_mathematics/P9otEltQ">financial mathematics</a>, a conditional risk measure is a <a href="/facts/Random_variable/TwTBXnLT">random variable</a> of the <a href="/facts/Financial_risk/UdGAclEI">financial risk</a> (particularly the <a href="/facts/Downside_risk/FlcSLLwh">downside risk</a>) as if measured at some point in the future. A <a href="/facts/Risk_measure/Q1DhkvxX">risk measure</a> can be thought of as a conditional risk measure on the trivial <a href="/facts/Sigma_algebra/8LJINLNc">sigma algebra</a>. </p><p>A dynamic risk measure is a risk measure that deals with the question of how evaluations of risk at different times are related. It can be interpreted as a sequence of conditional risk measures. </p><p>A different approach to dynamic risk measurement has been suggested by Novak. </p>