High crowding risk | score=94/100 | top_factor=AI Infrastructure (56.0%) | unwind_loss=-5.15%
# Factor Crowding Radar Report

## Executive summary

- **Risk level:** High
- **Crowding score:** 94/100
- **Top factor:** AI Infrastructure (56.0%)
- **Average pairwise correlation:** 1.00
- **Factor concentration HHI:** 0.36
- **Unwind stress loss:** -5.15%

## Factor exposures

| Factor | Portfolio weight |
| --- | ---: |
| AI Infrastructure | 56.0% |
| Rates Hedge | 13.0% |
| Defensive Value | 12.0% |
| Quality Growth | 11.0% |
| Cash | 8.0% |

## Alerts

- AI Infrastructure holds 56.0% of portfolio weight; single-factor exit liquidity may dominate risk.
- Average pairwise correlation is 1.00; positions may de-risk together.
- Correlation breadth is 83.0%; multiple sleeves share similar return paths.
- Modeled unwind stress loss is -5.15%, large enough to merit desk-level review.

## Methodology

- Aggregates gross portfolio weight by declared factor bucket.
- Computes normalized factor HHI to quantify concentration.
- Measures position-return co-movement using exposure-weighted pairwise correlations.
- Applies a basis-point unwind shock to the top factor sleeve with correlation amplification.

> This is an offline research/risk-screening tool, not investment advice. Validate inputs and assumptions before using it in production.