Risk

Correlation Map: Spot the Ones That Sink Together

Reading the correlation matrix, finding hidden clusters, the window and regime effect, deciding which position to trim, adding an asset that truly diversifies, and keeping the map alive. Companion to the diversification course. The first two lessons are free.

İleriPro6 ders1 sa 3 dk3 bölüm
Kursa başlaEğitmen · Alvest
Müfredat
01

Read the map

Matrix and clusters

2 ders
  1. 01Reading the matrix: the alphabet of the mapA correlation matrix is not a table, it is the hidden wiring diagram of your portfolio. Learning to read it takes five minutes.Ücretsiz9 dk
  2. 02Hidden clusters: grouping what moves togetherLooking at individual cells is exhausting. What you seek is not a cell, but a block.Ücretsiz10 dk
02

Test its reliability

Window, regime, traps

2 ders
  1. Window and regime: same portfolio, different mapMeasuring correlation requires a choice: which period? And that choice changes the result.11 dk
  2. Which position should you trim?You found a cluster. Now the hard part: of two positions in the same cluster, which one stays?12 dk
03

Turn it into a decision

Trim, add, keep alive

2 ders
  1. Adding an asset that truly diversifiesLow correlation alone is not enough. And chasing negative correlation is a separate trap.11 dk
  2. Keeping the map aliveA map drawn once gives false confidence a year later. A map needs maintenance.10 dk