Bugfix/static portfolio analysis rules for portfolio with no holdings (#7466)

* Fix static portfolio analysis rules for portfolio with no holdings

* Update changelog

CHANGELOG.md

@@ -14,6 +14,20 @@ and this project adheres to [Semantic Versioning](https://semver.org/spec/v2.0.0
 - Improved the performance of the property service by caching the properties in memory
 - Improved the language localization for German (`de`)
 
+### Fixed
+
+- Fixed the static portfolio analysis rule for a portfolio with no holdings: _Asset Class Cluster Risks_ (Equity)
+- Fixed the static portfolio analysis rule for a portfolio with no holdings: _Asset Class Cluster Risks_ (Fixed Income)
+- Fixed the static portfolio analysis rule for a portfolio with no holdings: _Currency Cluster Risks_ (Investment)
+- Fixed the static portfolio analysis rule for a portfolio with no holdings: _Currency Cluster Risks_ (Investment: Base Currency)
+- Fixed the static portfolio analysis rule for a portfolio with no holdings: _Economic Market Cluster Risks_ (Developed Markets)
+- Fixed the static portfolio analysis rule for a portfolio with no holdings: _Economic Market Cluster Risks_ (Emerging Markets)
+- Fixed the static portfolio analysis rule for a portfolio with no holdings: _Regional Market Cluster Risks_ (Asia-Pacific)
+- Fixed the static portfolio analysis rule for a portfolio with no holdings: _Regional Market Cluster Risks_ (Emerging Markets)
+- Fixed the static portfolio analysis rule for a portfolio with no holdings: _Regional Market Cluster Risks_ (Europe)
+- Fixed the static portfolio analysis rule for a portfolio with no holdings: _Regional Market Cluster Risks_ (Japan)
+- Fixed the static portfolio analysis rule for a portfolio with no holdings: _Regional Market Cluster Risks_ (North America)
+
 ## 3.37.0 - 2026-07-30
 
 ### Added

apps/api/src/app/portfolio/portfolio.service.ts

@@ -1126,6 +1126,8 @@ export class PortfolioService {
         withSummary: true
       });
 
+    const hasOpenHoldings = Object.keys(holdings).length > 0;
+
     const marketsAdvancedTotalInBaseCurrency = getSum(
       Object.values(marketsAdvanced).map(({ valueInBaseCurrency }) => {
         return new Big(valueInBaseCurrency);
@@ -1185,8 +1187,7 @@ export class PortfolioService {
           id: 'rule.currencyClusterRisk.category',
           languageCode: userSettings.language
         }),
-        rules:
+        rules: hasOpenHoldings
-          summary.activityCount > 0
           ? await this.rulesService.evaluate(
               [
                 new CurrencyClusterRiskBaseCurrencyCurrentInvestment(
@@ -1212,8 +1213,7 @@ export class PortfolioService {
           id: 'rule.assetClassClusterRisk.category',
           languageCode: userSettings.language
         }),
-        rules:
+        rules: hasOpenHoldings
-          summary.activityCount > 0
           ? await this.rulesService.evaluate(
               [
                 new AssetClassClusterRiskEquity(
@@ -1266,8 +1266,7 @@ export class PortfolioService {
           id: 'rule.economicMarketClusterRisk.category',
           languageCode: userSettings.language
         }),
-        rules:
+        rules: hasOpenHoldings
-          summary.activityCount > 0
           ? await this.rulesService.evaluate(
               [
                 new EconomicMarketClusterRiskDevelopedMarkets(
@@ -1295,8 +1294,7 @@ export class PortfolioService {
           id: 'rule.regionalMarketClusterRisk.category',
           languageCode: userSettings.language
         }),
-        rules:
+        rules: hasOpenHoldings
-          summary.activityCount > 0
           ? await this.rulesService.evaluate(
               [
                 new RegionalMarketClusterRiskAsiaPacific(