Shared drivers
EURUSD and GBPUSD can both express a similar USD factor even though they are different instruments.
CORRELATION / EXPOSURE MAP
See when several trades are really one risk.
This interactive map groups positions by shared drivers and converts apparent diversification into a clearer correlation-pressure state.
Engineering demonstration only — not investment advice.FX NOVA / PORTFOLIO STRUCTURECorrelation Map
● CHECKINGASSETEXPOSURE $FACTOR
EURUSD
GBPUSD
BTCUSD
ETHUSD
USD FX--EURUSD · GBPUSD
↔
CRYPTO--BTCUSD · ETHUSD
↔
OTHER--Unclustered
CORRELATION PRESSURE
CHECKING
Evaluating shared portfolio factors…
Open Portfolio Risk Engine →
WHY CORRELATION MATTERS
Diversification by ticker is not always diversification by risk.
Cluster pressure
BTC and ETH can create a common crypto-beta cluster that amplifies the same market move.
Portfolio context
Correlation pressure complements aggregate portfolio risk by showing where exposure is concentrated structurally.