A new risk measure called MCVaR was created to manage risks in portfolios. It looks at both individual risks and overall portfolio risk, focusing more on the overall risk. MCVaR balances the risks of not having enough money and having too much money in a portfolio. It has properties like being positive, not changing with shifts, and being lower than the sum of individual risks. The measure was tested with examples to show how the risks of different parts of a portfolio affect MCVaR.