Two complementary tools for financial risk analysis: the volatility cone visually projects the possible future trajectories of a portfolio through confidence bands, while Value at Risk (VaR) numerically quantifies the maximum expected loss over a specific time horizon. The cone answers the question “how far can we go?”, while VaR responds to “how much can we lose?”. Their integration within advanced technological platforms transforms mathematical complexity into operational insights, enabling more sophisticated financial advisory and effective risk communication.

Due strumenti complementari per l'analisi del rischio finanziario: il cono di volatilità proietta visivamente le possibili traiettorie future di un portafoglio attraverso bande di confidenza, mentre il Value at Risk (VaR) quantifica numericamente la perdita massima attesa su un orizzonte temporale specifico. Il cono risponde a "fin dove possiamo spingerci?", il VaR a "quanto possiamo perdere?". La loro integrazione in piattaforme tecnologiche avanzate trasforma la complessità matematica in insights operativi, abilitando una consulenza finanziaria più evoluta e una comunicazione efficace del rischio.

Performance contribution is an essential tool for analyzing the real weight of each component of the portfolio on the final results, going beyond simple overall performance. Unlike attribution, which compares with benchmarks, contribution captures actual contributions, making it ideal for personalized advice. With MiFID II requiring increasingly transparent reporting, this analysis is becoming a professional standard. Through metrics such as MWRR, TWRR, and percentage performance contribution, advisors can identify the true drivers of performance and communicate with scientific precision to clients, transforming advice into a data-driven service based on quantitative evidence.