Overview
What has changed in my portfolio?
A one-line summary of the portfolio’s state, the key risk measures, changes since the previous reading and events in the next seven days. When nothing material has changed, AEGIS says so.
AEGIS
Whole-portfolio risk. No amounts shared.
Asset & Exposure Governance Intelligence System
AEGIS shows where your risk is concentrated, how the portfolio behaves under stress and which events affect your holdings.
Instruments and percentage weights are all it needs: no amounts and no brokerage connection. If you prefer to enter share counts, the conversion to weights happens in your browser.
- Input
- Instruments and percentage weights
- Model coverage
- About 6,400 Warsaw- and US-listed instruments
- Market data
- Hawk Thorne Network
- Output
- A risk report with stated coverage
Capabilities
Each view answers one question.
AEGIS organises portfolio analysis around the questions asked by whoever is responsible for the assets: what has changed, where the risk sits, what could happen and whether the portfolio is within its rules.
Portfolio
Where is the exposure really concentrated?
Composition by asset class, currency, sector, country and market capitalisation, with concentration measures. Holdings outside the model, such as funds or bonds, stay in the overall picture with a clear label.
Risk
How much could I lose, and why?
Volatility, VaR, drawdown distribution, correlation clusters and each position’s contribution to risk. Stress scenarios and an allocation simulator show the effect before you decide.
Events
What is happening around my holdings?
Polish issuer filings (ESPI), changes in short positions on the KNF register and corroborated company news. A calendar of earnings, central bank decisions and macro releases filtered to your portfolio.
Mandate
Is the portfolio within my own rules?
Limits you set yourself, by instrument, sector or currency. Evaluated daily and on every portfolio change, with a breach history.
Scope always stated
The report states the model version, portfolio coverage and limitations. Positions outside the model are labelled rather than silently dropped. Missing coverage never means zero risk.
Privacy
Weights, not amounts.
AEGIS takes prices, risk factors and events from the Hawk Thorne Network. From the user it needs only percentage weights, with no portfolio value, account numbers or broker access. Amounts that are never provided cannot be disclosed.
- No amounts
- Results are expressed as a share of the portfolio. An optional size band is used only to assess liquidity.
- No account connection
- You enter the portfolio yourself or paste it from a spreadsheet, including holdings from several accounts.
- Passwordless sign-in
- A Google or Microsoft account or a passkey, with mandatory multi-factor authentication.
Sample AEGIS report
From market narrative to portfolio result.
Narrative analysis points to the holdings and the scenario worth checking; AEGIS prices the effect. The example uses a hypothetical portfolio: 12 instruments, 80% in listed positions and 20% cash. Base currency: PLN.
Model data: . A historical snapshot demonstrating the report format; it is not a current market assessment.
Narrative analysis
Fed expectations and the value of dollar holdings
Observations from 13–14 August 2026. Research interpretation prepared for this example.
Fact
Observations from 13–14 August pointed to weaker expectations of further Fed rate increases. That weakened one argument for a strong dollar: the prospect of higher US interest rates.
Mechanism
In a portfolio measured in PLN, the dollar moves the value of US holdings even when their USD prices stand still. The outcome also depends on the zloty and on the companies themselves.
28% of the portfolio in covered USD holdings
- AAPL.US9%
- MSFT.US8%
- NVDA.US6%
- XOM.US5%
How we will know
- Confirmation
- A further decline in the expected US rate path and a weaker USD against PLN.
- What would disprove it
- Renewed expectations of rate increases, or a stronger dollar despite a lower rate path. The Fed narrative alone would then fail to explain the exchange rate.
- Review
- After the next inflation release or Fed communication.
Purpose. To identify which narrative concerns which holdings, and which scenario is worth pricing before market expectations change. In this example, that is the case opposite to the prevailing narrative.
Test the opposite case: USD +10%A reading concerning USD/JPY does not determine USD/PLN. The weights describe portfolio composition, not the narrative’s risk contribution.
Calculation coverage
- Portfolio covered by the model
- 68%
- Outside model coverage
- 12%
- Cash
- 20%
SPY.US (12% of the portfolio) is not covered by this model snapshot. Its risk is excluded from the results below. Missing coverage does not mean zero risk.
Instruments and weights
| Instrument | Weight | Coverage |
|---|---|---|
| SPY.US | 12% | Missing |
| AAPL.US | 9% | Yes |
| MSFT.US | 8% | Yes |
| NVDA.US | 6% | Yes |
| XOM.US | 5% | Yes |
| PKN.WAR | 8% | Yes |
| PKO.WAR | 7% | Yes |
| PZU.WAR | 6% | Yes |
| KGH.WAR | 5% | Yes |
| CDR.WAR | 5% | Yes |
| DNP.WAR | 5% | Yes |
| ALE.WAR | 4% | Yes |
| Cash | 20% | — |
Risk measures
- Annualised model volatility
- 10.38%
- Parametric VaR: 95%, 21 sessions
- 4.84%
VaR estimates a loss threshold at the stated horizon and confidence level. Losses can exceed it. These measures express risk from covered positions relative to the whole portfolio.
Broad equity market falls 10%-6.87%
USD strengthens 10% against PLN+1.6%
Technology sector falls 15%-1.59%
Scenarios apply assumed changes to risk factors. Results assign no probability to those changes and are not return forecasts.
Company reports
Full company analysis on request.
As an optional part of AEGIS, we prepare a full analytical report on a selected company in the user’s portfolio. It is built on the same data and engines that run the platform.
Request a company report- Narrative analysis
- What the market discusses, what is fading and which factor is missing from coverage.
- Positioning and flows
- Who is behind the price move: futures, short selling, funds.
- Risk and sensitivities
- Volatility, drawdowns, sensitivity to market and currency factors.
- Out-of-sample tests
- Signals tested on historical data, with sample sizes and negative results.
- Scenarios
- Conditions, consequences and what would disprove each scenario.
- Monitoring board
- Indicators and the thresholds at which the assessment should change.
Example from a report
KGHM Polska Miedź: what the coverage discusses, and what it leaves out
Analysis of 699 publications about the company. Report dated 3 November 2026.
Blind spot: silver
The share of KGHM coverage that mentions silver, against 17% for copper. Yet silver drove the stock’s largest moves in 2026.
One shock, two channels
The share of silver headlines that mention the Fed, the dollar or interest rates. A hawkish surprise reaches KGHM twice: through the silver price and through USD/PLN.
Tone does not lead price
Correlation between headline tone and the next day’s move; the confidence interval includes zero. On the same day it is 0.34. Coverage describes moves rather than anticipating them.
Practical consequence. Anyone following KGHM through the Polish press systematically underweights the factor behind the stock’s largest moves. Narrative analysis therefore measures the structure of coverage: the share of each theme and the factors missing from it.
Who it’s for
For those accountable for portfolio risk.
AEGIS does not replace investment decisions. It provides a single, consistent view of risk that can be revisited and shared.
Private capital
Private investors and family offices
Portfolios spread across brokers, currencies and asset classes. AEGIS brings them into one view of risk and of what is happening around each holding, without sharing amounts with anyone.
Investment teams
Advisers, boutiques and licensed firms
Mandate limits evaluated daily, a breach history and a risk report stating model version and coverage. A documented risk review instead of a spreadsheet rebuilt every month.
Access
Private preview.
Access opens after a presentation. We walk through the platform on a sample portfolio and check how much of your portfolio the model covers.
Book a presentation- Availability
- Private preview, with access by arrangement.
- Portfolio data
- Instruments and percentage weights. No portfolio values and no brokerage connection.
- Market data
- Daily data from our data infrastructure. Coverage depends on the instrument and the data available.
- Language
- The application is in English. Presentations in English or Polish.
- Scope of use
- Analytical software. Decisions remain with the user; AEGIS does not execute trades or issue buy or sell recommendations.
- Technology
- The Talos risk engine. How it works