Exposure & Coverage
Map the holdings, identify concentrations and keep missing or nonlinear exposures visible.
Finding Concentration Risk Behind Portfolio Labels
Look through funds, aggregate connected exposures, and distinguish capital weights from conditional loss concentrations.
Mapping Portfolio Holdings to Risk Factors
Create an auditable bridge from securities and contracts to signed factor exposures, consistent units, and reconciled scenario results.
Coverage and Missing Positions in a Stress Test
Measure what a stress calculation includes, expose unsupported holdings, and interpret partial losses without silently treating missing risk as zero.
When diversification changes under stress
Read correlation assumptions, diagnose disappearing offsets, and distinguish a covariance sensitivity from a specified scenario loss.
Reading exposures that change as markets move
Recognize where delta-based estimates fail, distinguish payoff diagrams from valuation, and review nonlinear positions under joint shocks.
Where duration and convexity stop explaining the loss
Audit rate-shock units, duration conventions, curve shape, embedded options, and the gap between approximations and bond revaluation.
Reconcile local performance with reporting-currency loss
Translate foreign holdings consistently, preserve the asset-currency interaction, and distinguish economic hedges from settlement cash.