FixedRisikokonzept

FixedRisikokonzept is a risk management approach that fixes the amount or the percentage of capital at risk for each decision, trade, or project. The concept relies on predefined risk budgets and position-sizing rules to keep overall exposure within a disciplined framework. It aims to provide consistency across a portfolio or set of activities by standardizing how risk is measured and controlled.

Core principles include: defining an explicit risk per decision (monetary or percentage of capital), setting stop-loss or loss-threshold rules, allocating a fixed risk budget at the portfolio level, and applying scalable sizing rules to adjust exposure as capital changes. Documentation and regular monitoring are integral, ensuring that actual risk remains aligned with the predefined limits.

Applications of FixedRisikokonzept span several domains. In financial markets, it is used by traders and asset managers to determine position size and exit points. In corporate settings, it supports risk budgeting for project portfolios and hedging programs. It can also inform actuarial planning, insurance underwriting, and operational risk management by enforcing fixed risk limits across activities.

Benefits of the approach include enhanced discipline, easier performance comparisons, and clearer visibility into risk exposure. Potential drawbacks are limited flexibility in rapidly changing conditions, dependence on accurate risk estimation, and the possibility of large or correlated losses if risk controls do not account for market dynamics and portfolio correlations.

Implementation typically involves: establishing the capital base and risk tolerance, setting a fixed risk per decision, deriving position sizes to meet the risk target, implementing stop-loss rules and a global risk budget, and conducting regular reviews to adjust parameters as needed.