2026-07-072026-07-07http://salesiana.dossiersoluciones.com/handle/123456789/210087Approximate Incremental Value-at-Risk formulae provide an easy-to-use preliminary guideline for risk allocation. Both the cases of risk adding and risk pooling are examined and beta-based formulae achieved. Results highlight how much the conditions for adding new risky positions are stronger than those required for risk pooling. Key words: Incremental Value-at-Risk (IVaR); Risk pooling; Risk adding.8 pages, LaTeX with hyperref, minor correctionsStatistical MechanicsRisk Managementtext