Expected shortfall, like VAR, is a function of two parameters: N (the time horizon in days) and X% (the confidence level). It is the expected loss during an N-day period, conditional that the loss is greater than the Xth percentile of the loss distribution.
Longanisa is a Philippine version of a Spanish Longaniza sausage. Longaniza is also popular in Argentina, Chile, Mexico and all other Spanish speaking countries including the Caribbean Islands like Cuba and the Dominican Republic.
Like other types of sausages, longaniza are made with ground pork stuffed into a casing. It is seasoned with salt and other spices. Similar to chorizo and Linguica linguiÃ§a in both design and, taste longaniza are made with different spices depending on the region they come. from