Portfolio

A portfolio is the combined set of cash, holdings, positions, and other financial exposures considered together for allocation, performance, and risk.

Portfolio analysis looks beyond individual gains and losses to concentration, correlation, liquidity, currency, leverage, and access needs. Values can include both posted cash and marked open positions, so total equity need not be immediately withdrawable. Statements, ledger entries, and performance measures provide different views and should be reconciled using consistent dates, prices, and treatment of external cash flows for comparison.