Kuantile
Guides
Original articles by the Kuantile team that make portfolio and risk management simple. New content is added regularly.
How the SRRI 1-7 risk class and the Kuantile Score out of 100 are computed and how to read them.
What Is the Sharpe Ratio? Measuring Return per Unit of RiskHow the Sharpe ratio is computed and what counts as good. Risk-free rate, probabilistic Sharpe and the right benchmark.
What Is Expected Shortfall (Beyond VaR)?What ES / CVaR is, how it differs from VaR, Basel's shift to ES and the meaning of the ES/VaR ratio.
Factor Analysis and Beta: What Is Your Portfolio Really Betting On?Equity, FX, gold and S&P 500 betas; factor shock scenarios and uncovering hidden common risk.
The Inflation-Proof Portfolio: How Do You Protect Your Savings?Real return, the role of FX and gold, the nominal trap and assessing an inflation-resilient portfolio through risk.
Advanced Risk Measurement: Expected Shortfall, VaR Backtesting, EWMA and EVTWhat is Expected Shortfall and how is VaR backtested? Kupiec and Christoffersen tests, the Basel traffic light, EWMA volatility, FHS and EVT tail modeling explained.
Where Risk Comes From: Component VaR, Concentration, Tail Dependence and HRPWhat are component VaR and incremental VaR? HHI, effective number of bets, diversification ratio, tail dependence and Hierarchical Risk Parity explained simply.
Real Return, Currency Decomposition, Liquidity Risk and Fund Style AnalysisHow is inflation-adjusted real return computed? Probability of purchasing-power loss, the FX share of portfolio risk, liquidity-adjusted VaR and TEFAS fund style analysis.
What Is Value at Risk (VaR)? A Plain-Language GuideWhat is VaR, how is it computed, and what does 99% confidence mean? Historical simulation explained with examples.
Diversification and Correlation: Are Your Eggs Really in Different Baskets?Why diversification is measured with correlation, how to read a correlation matrix, and how to quantify the benefit.
Portfolio Stress Testing: What If You Held This Portfolio Through 2008?What is stress testing and how does historical scenario analysis work? Simulating your portfolio through 2008, Covid and lira shocks.
Bond Duration and DV01: Measure Your Rate Risk with One NumberWhat are Macaulay and modified duration, how is DV01 computed? The impact of rate hikes on bond portfolios, with practical examples.
Gram Gold vs Ounce Gold: The Real Difference for a TRY InvestorWhat separates gram gold from ounce gold? Currency effects, correlation and the mechanics of TRY-based gold investing.
How to Track TEFAS Funds in Your PortfolioWhat is a TEFAS fund, when are prices published, and how do you measure a fund's contribution to portfolio risk?
Why Tracking Your Portfolio in TRY Terms Is VitalDollar-based or TRY-based tracking? How currency moves mask returns, and why consolidating in one currency matters.
Crypto Risk Management: Learning to Live with VolatilityHow to include Bitcoin and crypto in portfolio risk: position sizing, correlation and VaR for volatile assets.
Was It a Good Week? Judge Your Return by Its Historical PercentileWhat does the historical percentile of a weekly or monthly return tell you? The percentile concept in portfolio reports.
Portfolio Rebalancing: When, How and Why?What is rebalancing and how often should you do it? Calendar-based and threshold-based strategies with practical tips.