Topic Test - VaR

[CFA_10]

VaR does not incorporate positive results into its risk profile?
I dont really get this statement, in all approach for VaR calculation we incorporate positive returns in P&L Strips to compute 5% VaR.
1) Analytical - Returns - z * Vol (Here, Returns would include positive retursns)
2) Historical Sim - Agian positive returns from past is incorporated
3) Monte Carlo would generate random numbers and use that to compute P&L strip would again have positive results in it.
Can some one help clarify this?

 

[MrSmart]

I got it right but it threw me off.
I guess what it means is, VAR measures your risk to the downside, unlike sharpe for example.