Löser, RobertWied, DominikZiggel, Daniel2016-10-142016-10-142016http://hdl.handle.net/2003/3528610.17877/DE290R-17329We present a new backtest for the unconditional coverage property of the ES. The test statistic is available for finite out-of-sample size which leads to better size and power properties compared to existing tests. Moreover, it can be easily extended to a multivariate test.enDiscussion Paper / SFB823;52, 2016model riskexpected shortfallmultivariate backtesting310330620working paperRisikomaßStatistischer Test