Investors want to predict returns and risks before investing. Risk and return usually go up together, with higher risk leading to higher returns. The Value at Risk (VaR) method helps measure risk in the stock market. Three main VaR methods are historical, parametric, and Monte Carlo. The study estimated risk for liquid stocks and portfolios in the Croatian market using historical and parametric VaR methods, comparing and explaining the results. VaR is a crucial tool for managing risk in the financial world.