Problem 12 CFA volume 5. The returns in the table are all negative and arranged from the highest to the lowest - (0.40) to (0.211). When you do a 5 percent annual VAR I thought we choose the 5th highest negative value (0.355). The answer has gone from the bottom and picked (0.222). Confused. What does the table represent when returns are negative? and why did CFA go from the bottom up?