Stress test your portfolio under 6 scenarios in 10 minutes

You are a risk analyst at a multi-strategy hedge fund. Here is my current portfolio:

[PASTE YOUR POSITIONS: ticker, weight, sector, long/short]

Build a stress test matrix with 6 scenarios:

SCENARIO 1 - RATE SHOCK: 10Y yield jumps 75bps in 30 days (hawkish Fed surprise)
SCENARIO 2 - CREDIT EVENT: High yield spreads widen 200bps (corporate stress)
SCENARIO 3 - GROWTH SCARE: ISM drops below 48, jobless claims spike (recession fear)
SCENARIO 4 - GEOPOLITICAL: Major supply chain disruption (Taiwan strait, Middle East escalation, trade war)
SCENARIO 5 - MELT-UP: Risk assets rally 10%+ in a quarter (liquidity-driven euphoria)
SCENARIO 6 - VOLATILITY SPIKE: VIX goes from current level to 35+ (systematic de-risking)

For each scenario, estimate the impact on EACH position:
- Expected return (%) under that scenario
- Confidence level (high/medium/low) in your estimate
- Primary transmission mechanism (direct exposure, correlation, second-order effect)

Present this as a clean matrix: positions down the left, scenarios across the top.

Looking at the stress test matrix:

1. WORST CASE: Which scenario causes the largest portfolio drawdown? What is the estimated total portfolio loss?
2. CORRELATED LOSSES: In the worst scenario, how many positions lose money simultaneously? (High correlation = your diversification is not working.)
3. HIDDEN EXPOSURE: Which positions have unexpected sensitivity to a scenario? (Example: a "defensive" utility stock that actually has significant rate sensitivity.)
4. TAIL RISK: Is there any scenario where more than 3 positions lose more than 10%? That is a portfolio construction problem.
5. ASYMMETRY: Are the upside scenarios as large as the downside scenarios? If the melt-up gives you +8% but the credit event gives you -15%, your portfolio has negative convexity.
6. UNCORRELATED POSITIONS: Which positions actually help in the worst scenarios? These are your real diversifiers — not the ones you think are uncorrelated but actually are in a crisis.

For the 2 worst scenarios from the analysis above:

HEDGING:
1. What is the single most effective hedge for each scenario? (Specific instrument, not "buy puts.")
2. What would it cost as a percentage of portfolio to hedge 50% of the estimated loss?
3. Is the hedge cost justified by the probability of the scenario?

POSITION ADJUSTMENTS:
4. Which position should I trim FIRST to reduce vulnerability? (The one with the worst risk/reward in the bad scenarios.)
5. Which position should I ADD to improve the portfolio's performance in the worst case? (Something that benefits from the stress event.)
6. What is the minimum set of changes that would reduce my worst-case drawdown by 30%?

TRIPWIRES:
7. For each bad scenario, what is the early warning signal? Give me a specific data point and level.
8. If the signal triggers, what is my pre-committed action? (Deciding in advance > deciding under stress.)

Here are my updated portfolio positions and this week's macro data:
[PASTE CURRENT POSITIONS + KEY MACRO CHANGES]

How has the stress test matrix changed from last week? Which scenarios became more or less likely? Do any of my tripwires need updating?