Risk Model
14 positions · 60-day correlation window · 30-day volatility
Regime
Moderate
Avg pairwise: 0.41
Portfolio VaR (1d, 95%%)
$3,601
3.87% of NAV · Ann. vol 37.3%
Data depth
49 days
1/19 tickers with 60+ days
Volatility & risk contribution
| Ticker | Ann. vol | Risk contribution | Risk adj. |
|---|---|---|---|
| ETN | 59.4% | 11.9% | 0.97x |
| LEU | 90.0% | 10.6% | 0.65x |
| CLF | 109.3% | 10.2% | 0.56x |
| PWR | 54.9% | 9.9% | 1.09x |
| SCCO | 56.8% | 9.8% | 1.03x |
| CEG | 39.2% | 9.3% | 1.50x |
| IREN | 109.2% | 6.2% | 0.55x |
| TLN | 59.9% | 6.2% | 0.99x |
| GEV | 58.1% | 5.5% | 1.04x |
| WULF | 89.2% | 4.5% | 0.70x |
| FSLR | 50.6% | 4.4% | 1.16x |
| VRT | 74.4% | 4.3% | 0.81x |
| VST | 46.5% | 4.0% | 1.32x |
| FCX | 59.7% | 3.2% | 0.97x |
Highest correlated pairs
| Pair | Correlation | Factor |
|---|---|---|
| FCX / SCCO | 0.89 | same factor |
| ETN / PWR | 0.85 | same factor |
| TLN / VST | 0.80 | same factor |
| CEG / TLN | 0.75 | same factor |
| GEV / VRT | 0.72 | cross-factor |
| ETN / FCX | 0.70 | cross-factor |
| CLF / ETN | 0.66 | cross-factor |
| FCX / FSLR | 0.64 | cross-factor |
| FCX / LEU | 0.63 | cross-factor |
| CLF / FCX | 0.63 | same factor |
Position correlation (60-day rolling)
ETN
LEU
CLF
PWR
SCCO
CEG
IREN
TLN
GEV
WULF
FSLR
VRT
ETN
1.00
0.58
0.66
0.85
0.52
0.51
0.47
0.41
0.60
0.12
0.63
0.56
LEU
0.58
1.00
0.36
0.37
0.63
0.39
0.47
0.42
0.53
0.43
0.55
0.55
CLF
0.66
0.36
1.00
0.63
0.42
0.41
0.33
0.12
-0.02
-0.13
0.51
0.02
PWR
0.85
0.37
0.63
1.00
0.39
0.50
0.34
0.26
0.49
0.04
0.47
0.40
SCCO
0.52
0.63
0.42
0.39
1.00
0.42
0.46
0.46
0.37
0.35
0.59
0.47
CEG
0.51
0.39
0.41
0.50
0.42
1.00
0.34
0.75
0.32
0.21
0.47
0.19
IREN
0.47
0.47
0.33
0.34
0.46
0.34
1.00
0.27
0.28
0.62
0.40
0.35
TLN
0.41
0.42
0.12
0.26
0.46
0.75
0.27
1.00
0.47
0.37
0.51
0.40
GEV
0.60
0.53
-0.02
0.49
0.37
0.32
0.28
0.47
1.00
0.24
0.24
0.72
WULF
0.12
0.43
-0.13
0.04
0.35
0.21
0.62
0.37
0.24
1.00
0.24
0.37
FSLR
0.63
0.55
0.51
0.47
0.59
0.47
0.40
0.51
0.24
0.24
1.00
0.39
VRT
0.56
0.55
0.02
0.40
0.47
0.19
0.35
0.40
0.72
0.37
0.39
1.00
Factor correlation
Nuclear & fuel
Grid & power equipment
Materials
Data-center hardware
AI data-center power
Distributed power & solar
Robotics
Nuclear & fuel
1.00
0.57
0.49
0.52
0.50
0.77
-0.08
Grid & power equipment
0.57
1.00
0.66
0.65
0.26
0.69
0.07
Materials
0.49
0.66
1.00
0.29
0.26
0.56
0.23
Data-center hardware
0.52
0.65
0.29
1.00
0.45
0.61
-0.23
AI data-center power
0.50
0.26
0.26
0.45
1.00
0.40
-0.28
Distributed power & solar
0.77
0.69
0.56
0.61
0.40
1.00
-0.09
Robotics
-0.08
0.07
0.23
-0.23
-0.28
-0.09
1.00
Method. Rolling 60-day pairwise correlations, 30-day annualized volatility. Parametric VaR at 95% confidence (normal assumption). Risk adjustments: inverse-vol * correlation penalty (high vol or high avg correlation with the book lowers the multiplier). Factor correlations use equal-weighted factor returns. History from Yahoo Finance chart API.