EODHD Academy

Advanced Portfolio Risk

How professionals put numbers on what could go wrong — Value at Risk and its blind spots, expected shortfall, fat tails, stress tests, correlation breakdown, liquidity, and risk budgeting. Risk models are maps, not the territory.

4 units · 16 lessons · 68 min read · plus hands-on practice, at your pace

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What does Value at Risk actually measure?

Value at Risk · 4 min read · practitioner

Start the first lesson

Unit 1 Value at Risk

  1. What does Value at Risk actually measure? 4 min
  2. Which three numbers define any VaR? 4 min
  3. How is VaR actually calculated? 4 min
  4. What does Value at Risk NOT tell you? 4 min
Practice Check · Unit 1 A short check · cannot be failed Start

Unit 2 Beyond VaR — Tails

  1. What is Expected Shortfall and why did regulators switch to it? 4 min
  2. Why do real markets have fatter tails than the bell curve? 5 min
  3. What did 2008 teach risk managers about their own models? 4 min
  4. How do you check whether a risk model is working? 5 min
Practice Check · Unit 2 A short check · cannot be failed Start

Unit 3 Stress Testing and Scenarios

  1. Why stress test when you already have VaR? 4 min
  2. How does a historical scenario replay work? 4 min
  3. How do you build a scenario that has never happened? 4 min
  4. Why does diversification fail exactly when you need it? 5 min
Practice Check · Unit 3 A short check · cannot be failed Start

Unit 4 Liquidity and Risk Budgeting

  1. What is the risk that you cannot sell? 5 min
  2. Which holding is actually contributing your risk? 4 min
  3. What does it mean to budget risk instead of money? 4 min
  4. Advanced portfolio risk — course checkpoint 4 min
Practice Check · Unit 4 A short check · cannot be failed Start

Last Course exam

One exam, the whole course Unlocks when you have read all 16 lessons

Passing it earns the course certificate.