Know what changes when you scale.

Capacity is a set of assumptions.

Trace capital through turnover, available volume and trading cost. Find the constraint before calling a strategy scalable.

Open the scenario workbench Read the worked cases

Free browser-local calculations. Hypothetical inputs. Exportable assumptions.

Illustrative bottleneck / 02

The smaller sleeve sets the boundary.

USD 16.67m

Conditional scenario capital bound

Original hypothetical calculation: 2 sessions, 20% of each invested sleeve traded. The minimum bound governs the basket. This is not a measured strategy capacity.

Five questions behind every scaling decision.

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Participation & volume

Convert an order into a fraction of the volume that can actually be reached.

Turnover & timing

Connect portfolio changes to the trading window, overlapping orders and annual cost.

Costs & implementation

Separate explicit charges, spread, impact and missed opportunity.

Liquidity conditions

Understand concentration, liquidity shocks and instrument-specific limits.

Capacity decisions

Keep scaling assumptions inspectable, stressable and connected to evidence.

Work through the arithmetic.

All worked cases

Hypothetical case

A $100 million rebalance: separate trading cost from portfolio drag

Reconcile an illustrative $18 million basket, its sleeve participation, $23,009 modeled cost and the constraints that fail.

Inspect the calculation

Hypothetical case

The smaller sleeve sets the capital boundary

Derive a hypothetical USD 16.67 million basket boundary and show why pooled liquidity overstates the feasible scale.

Inspect the calculation

Hypothetical case

Halving assumed volume: a liquidity sensitivity, not a forecast

Stress a hypothetical basket with half the window volume, interpret a 120% participation warning and reconcile the reduced capital boundary.

Inspect the calculation

Hypothetical case

When the cost budget becomes tighter than the participation cap

Invert a 7-basis-point illustrative cost budget, derive a 4% participation allowance and reconcile a $6.67 million capital boundary.

Inspect the calculation

Make the denominator visible.

Order size

Capital × sleeve weight × fraction traded. Cash and untouched holdings belong in the capital denominator.

Available volume

Dollar ADV × scenario volume multiplier × execution sessions. This is an assumption, not a promise of accessible liquidity.

Cost and constraints

Compare participation and cost per traded dollar with the chosen limits. Export portfolio drag separately.

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Connect a research record to implementation questions.

Vector Ridge and Darren O’Neill’s documented research background offer a starting point for model due diligence. Inspect the founder evidence and current model records, then ask how the research fits your process.

Read the evidence profile

A worksheet that keeps its caveats.

Take the example basket, scenario memo and source inventory into your own review. Every export retains the cost convention and selected inputs.

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