In the context of financial risk management, Expected Shortfall (ES), also known as Conditional Value at Risk (CVaR), is a risk measure that evaluates the potential extreme losses in a portfolio or investment. ES is particularly useful because it takes into account the severity of losses beyond the Value at Risk (VaR) threshold. Given this, what would be the closest estimate of the daily Expected Shortfall (ES) with a 97.5% confidence level?