Target Volatility Sizing - Quant Researcher Interview Question

Problem Description

Volatility targeting is a systematic risk management technique that adjusts position sizes inversely to an asset's realized volatility to maintain a constant level of portfolio risk. By scaling exposure based on recent market turbulence, quantitative strategies can stabilize returns and manage drawdowns effectively across changing market regimes. Task Implement a function solution that calculates the target position weights for a single asset to achieve a specific annualized volatility target.