Allocations chart

Also seen as: allocation history, the allocations view

Each piece inside a Combined is a strategy; the app's table column for them is headed Strategy.

What do the three views show?

One segmented control switches between three readings of the same already-computed data. The chart's title changes to match the active view.

• Capital stacks each strategy's capital in your base currency, so the stack's outline is the Combined's own value and each band inside it is one strategy's share of that money. The axis is titled Capital. This is the "where is my money" reading.
• Weights stacks each strategy's target weight as a percentage, normalised so the stack always fills 100%. The axis is titled Weight (%). It is drawn as steps rather than a smooth line, because a weight holds flat between rebalances and then snaps to its new value on the rebalance date — the step edges are the rebalances. Before the first rebalance the weights are zero, so the area starts empty.
• Net profit drops the stacking and draws one line per strategy of its cumulative net profit, with the Combined's own profit line — labelled Combined — overlaid on top. The axis is titled Net profit. This is the "who earned it" reading.

Because Weights is normalised to 100% it shows shape and says nothing about size: a Combined that halved in value looks identical in Weights and very different in Capital. Read the two together, or read Capital when the question involves amounts.

What is the Current allocation panel?

Beside the chart sits a table titled Current allocation — the latest state rather than the history — with a row per strategy inside the Combined and four columns: Strategy, Weight, Capital and Profit. Each row carries a small colour square matching that strategy's series in the chart, and hovering a row lights up its series while dimming the others; hovering a series in the chart lights up its table row the same way. The Profit column is coloured by sign and is a money figure, in the same sense as total P&L on the positions tables.

Four KPIs sit above: Combined value, Net profit, Largest allocation — which names the strategy and its weight — and Last rebalance.

Defaults in Fincanva

• The view opens on Capital, and switching view is a display change over data already fetched: it does not re-run anything.
• Series colours are fixed per strategy and shared with the table's swatches, so a strategy keeps the same colour across all three views.
• A period selector above the chart narrows the visible date range.
• The three simulation assumptions — Costs & interests, Taxes and Reinvest profits — change which set of figures the page reads.
• The page fills in only after a completed run; before that it reads "Run this strategy to generate its allocation history — use Save & Run from the strategy editor."

Worked example

A Combined holds three strategies, each targeting a third of the capital. Open Weights and the three bands sit at roughly 33% each, each band's edge stepping slightly at every rebalance date as the weights are pulled back to target after drifting.

Now switch to Net profit to find out which one carried the year. The Combined line ends at +42,000 for the period. Below it, one strategy's line ends at +38,000, the second at +9,000, and the third at −5,000. So nearly all of the Combined's profit came from a single strategy, while another lost money — a fact that is completely invisible in Weights, where all three look nearly identical, and invisible again on the Combined's own equity curve, which only shows the +42,000.

Finally check Capital: because the Combined rebalances back to equal thirds, the winning strategy's band is not three times the size of the others at the end. Rebalancing keeps taking money out of the strategy that grew and putting it into the ones that did not, which is why weight and profit tell two different stories.

What counts as a good split?

The chart reports what the Combined's own allocation rules produced; it does not rank the strategies inside it. A strategy contributing most of the profit is not thereby the "right" one to hold more of, and one contributing a loss is not thereby the wrong one — a Combined is assembled so that its pieces behave differently from each other, so a piece that lags in one period is often the piece that behaves differently in another.

What the chart does tell you cleanly is concentration of outcome: whether a result rested on one strategy or was spread across them. A result that came from one strategy is a result whose repeat depends on that strategy alone.

These figures describe what a Combined would have done on historical data, not what it will do. Fincanva provides no financial advice — see Is this financial advice?.