The Silk Risk Dashboard

2026-05-19 03:45 · v1.0
MEDIUM CONFIDENCE

Market Situation

Interest Rates
bear steepening with surging rate volatility suggests term premium repricing, pressuring duration-sensitive assets
Financial
mega-cap AI names at statistical extremes while small caps stall, breadth deteriorating beneath surface strength
Commodity
energy-led commodity strength with precious metals and battery metals diverging sharply to downside
Currency
modest USD strength against commodity bloc, CNY managed depreciation continuing
Crypto
range-bound with slight negative momentum, no strong directional signal; correlation with risk assets remains elevated

Commodity Sectors

Metals
Gold pulling back -1.68σ/30d; Copper firm +1.60σ/252d; mixed signals
Energies
NatGas surging +2.19σ/30d alert; WTI strong +1.92σ/252d; URA down -2.06σ
Ags
Wheat critical +2.50σ/252d alert; Corn & Beans +1.5σ broad strength
Softs
Coffee crashing -3.08σ/60d critical breakdown; Sugar neutral no signal

Commodity Currencies

AUD
Mild weakness z30=-0.33; soft but no breakout vs USD
CAD
Weakening z30=-0.60 despite strong energy; divergence notable
NZD
No data available; direction indeterminate
BRL
Sharp weakness z30=-1.37; significant commodity-FX divergence

Crypto

USDT
Minor outflow of $59.8M (-0.032%); within neutral band
USDC
Slight outflow of $19.5M (-0.025%); within neutral band
USDS
Flat with no meaningful change
DAI
Outflow of $8M (-0.175%); notable supply contraction
USD1
Strong inflow of $94.2M (+2.08%); dominant mover today

Signals

3 Critical
7 Alert
8 Watch
Click row for details
Asset Class Entry Current Z-Score Window Level Trade
AMD equity $420.99 $420.99 +3.12σ 252d critical SHORT
NVDA * equity $206.97 $222.32 +3.07σ 252d critical SHORT
SOXL equity $151.75 $151.75 +2.80σ 252d alert LONG
^IRX * equity $3.57 $3.57 -2.74σ 30d alert SHORT
PDBC equity $15.92 $18.72 +2.15σ 252d alert LONG
IWM equity $271.94 $275.97 +1.66σ 252d watch LONG
TSM equity $370.54 $395.95 +1.66σ 252d watch LONG
CNY=X equity $6.81 $6.81 -1.60σ 252d watch SHORT
KC=F * commodity $266.50 $266.50 -3.08σ 60d critical LONG
ZW=F commodity $653.00 $653.00 +2.50σ 252d alert LONG
NG=F commodity $3.02 $3.02 +2.19σ 30d alert LONG
PDBC commodity $15.92 $18.72 +2.15σ 252d alert LONG
URA commodity $48.68 $48.68 -2.06σ 30d alert SHORT
CL=F commodity $102.37 $102.37 +1.92σ 252d watch LONG
GC=F commodity $4,537.90 $4,537.90 -1.68σ 30d watch SHORT
HG=F * commodity $6.28 $6.28 +1.60σ 252d watch LONG
ZC=F commodity $465.75 $465.75 +1.55σ 252d watch LONG
ZS=F commodity $1,194.75 $1,194.75 +1.54σ 252d watch LONG
ALB commodity $213.69 $174.00 held HELD
CORN commodity $18.65 $18.96 held HELD
CPER commodity $39.02 $37.94 held HELD
MSFT equity $417.54 $424.87 held HELD
REMX commodity $108.72 $93.80 held HELD
SLV commodity $77.20 $68.41 held HELD
SOYB commodity $25.07 $25.17 held HELD
UNG commodity $11.24 $11.59 held HELD
USO commodity $143.75 $151.91 held HELD
WEAT commodity $24.50 $25.18 held HELD
AVAX-USD crypto $9.90 $9.14 held HELD
LINK-USD crypto $10.53 $9.56 held HELD
DOT-USD crypto $1.40 $1.23 held HELD
SOL-USD crypto $93.90 $84.40 held HELD
ADA-USD crypto $0.27 $0.25 held HELD

Risk

Core
$309 · 4d
exposure $14,185 · 4 positions · σ 10.5% annual (21d realized)
P&L +$518.09
Commodities
$3,065 · 4d
exposure $69,727 · 10 positions · σ 21.2% annual (21d realized)
P&L +$3,389.20
Crypto
$5 · 4d
exposure $118 · 5 positions · σ 21.8% annual (21d realized)
P&L -$11.39

Geopolitical Risk

0.45 stable

Diplomatic backchannels in Ukraine and the Middle East have produced temporary pauses in direct confrontations, yet fragile ceasefires and naval posturing in Asia sustain risks to energy flows and risk sentiment over the next 7-30 days.

Eastern Europe high

Fragile Ukraine ceasefire holding amid Russian force repositioning near Donbas

natgasoilrisk_assets
NG=F, CL=F
horizon: 10d
Middle East medium

Iran-Israel rhetorical escalation tied to nuclear monitoring disputes

oilgoldfx
CL=F, GLD, USDJPY=X
horizon: 21d
Indo-Pacific medium

Chinese naval drills near Taiwan amid renewed sovereignty claims

fxrisk_assets
USDJPY=X
horizon: 28d
Top tail risk low severe

Rapid escalation to direct NATO-Russia engagement after Ukrainian frontline collapse

Invalidate if: Successful Geneva-mediated talks produce verifiable 90-day truce and mutual withdrawals

Metrics

Core (Equity)

Rolling Sharpe
1m 0.95 | 3m 4.02 | 12m n/a
Rolling Volatility
1m 26.0% | 3m 23.8% | 12m n/a
Drawdown
Current 0.0% | Max -22.3%
ENB
4.56 (assets: 20)
Regime Probability
Low-Vol 28% | High-Vol 22% | Trend 49% | Mean-Rev 1%
Current: trend (49%)

Commodities

Rolling Sharpe
1m -0.72 | 3m -0.27 | 12m 1.89
Rolling Volatility
1m 35.2% | 3m 45.9% | 12m 42.3%
Drawdown
Current -22.2% | Max -54.9%
ENB
3.01 (assets: 13)
Regime Probability
Low-Vol 23% | High-Vol 27% | Trend 42% | Mean-Rev 8%
Current: trend (42%)

Crypto

Rolling Sharpe
1m 4.53 | 3m 2.35 | 12m 1.97
Rolling Volatility
1m 45.0% | 3m 59.7% | 12m 74.3%
Drawdown
Current -0.5% | Max -96.1%
ENB
7.49 (assets: 8)
Regime Probability
Low-Vol 40% | High-Vol 10% | Trend 32% | Mean-Rev 18%
Current: low_vol (40%)

Combined

Rolling Sharpe
1m 3.57 | 3m 4.58 | 12m 2.36
Rolling Volatility
1m 23.2% | 3m 23.7% | 12m 49.8%
Drawdown
Current 0.0% | Max -88.4%
ENB
10.44 (assets: 36)
Regime Probability
Low-Vol 38% | High-Vol 12% | Trend 48% | Mean-Rev 2%
Current: trend (48%)

Performance Scorecard

Core Forecast

WindowWins/TotalRateReturnStats Coverage
Backtest (1042d)574/129244% [42%-47%]+359.7%Longs only
Out of Sample (88d)58/11152% [43%-61%]+105.1%Longs only
Recent (7d)6/1060% [31%-83%]+55.5%Longs only
Brier Score0.292 FAIL (threshold: 0.25)Longs only

Commodity OOS

WindowWins/TotalRateReturnStats Coverage
Backtest (2089d)2274/495946% [44%-47%]+183.7%Longs only
Out of Sample (105d)73/13255% [47%-64%]+23.3%Longs only
Brier Score0.247 PASS (threshold: 0.25)Longs only

Crypto OOS

WindowWins/TotalRateReturnStats Coverage
Out of Sample (80d)46/10146% [36%-55%]+52.8%Longs only
Recent (8d)0/120% [0%-24%]-12.5%Longs only
Brier Score0.257 FAIL (threshold: 0.25)Longs only

Combined

WindowWins/TotalRateReturnStats Coverage
Backtest (2089d)2848/625146% [44%-47%]+220.1%Longs only
Out of Sample (105d)177/34451% [46%-57%]+58.4%Longs only
Recent (8d)6/2227% [13%-48%]+18.4%Longs only
Brier Score0.257 FAIL (threshold: 0.25)Longs only