Most crypto portfolios are one trade wearing ten tickers. Assets across a single narrative — L2s, AI tokens, memes — routinely correlate above 0.9 during stress. The diversification is cosmetic, and it disappears exactly when it is needed.
NORVENTA's Portfolio Intelligence scores three risks explicitly. Concentration measures how much of your value sits in a single asset. Correlation measures how much of your book moves together. Drawdown sensitivity estimates the loss implied by a standard adverse move in the market's dominant factor.
A risk-first construction starts by deciding an acceptable portfolio drawdown, then sizing positions so that the worst plausible move stays inside that limit. Position size follows from volatility and liquidity, not from conviction. Conviction earns a larger share of the risk budget, not an unbounded share of capital.
Liquidity deserves its own line. A position you cannot exit in a day without moving price several percent is a larger risk than its notional suggests. We flag positions whose size exceeds a share of the asset's realistic daily executable liquidity.
Nothing here is exotic. It is the discipline that separates portfolios that compound across a cycle from portfolios that give everything back in the drawdown.