Arcelik AS Correlations

ACKAY Stock

USD 13.14 0.00 0.00%

The correlation of Arcelik AS is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak. If the correlation is 0, the equities are not correlated; they are entirely random.

Arcelik AS Correlation With Market

Good diversification

The correlation between Arcelik AS ADR and DJI is -0.1 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Arcelik AS ADR and DJI in the same portfolio, assuming nothing else is changed.

The ability to find closely correlated positions to Arcelik AS could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Arcelik AS when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Arcelik AS - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Arcelik AS ADR to buy it.

Moving together with Arcelik Pink Sheet

0.71

SEBYY

SEB SA

Pair Corr

Moving against Arcelik Pink Sheet

0.72	AVAL	Grupo Aval	Pair Corr
0.66	SHG	Shinhan Financial	Pair Corr
0.62	BCH	Banco De Chile	Pair Corr
0.33	KB	KB Financial Group	Pair Corr
0.31	MAWHY	Man Wah Holdings	Pair Corr
0.79	EGP	EastGroup Properties	Pair Corr
0.77	HMDCF	HUTCHMED Limited	Pair Corr
0.7	PII	Polaris Industries	Pair Corr
0.61	ARRXF	Archer Materials	Pair Corr
0.57	CHACR	Crane Harbor Acquisition	Pair Corr
0.5	GM	General Motors	Pair Corr
0.41	WOLF	Wolfspeed,	Pair Corr
0.36	68233JBP8	US68233JBP84	Pair Corr
0.68	ADC	Agree Realty	Pair Corr
0.66	KYOCF	Kyocera	Pair Corr
0.65	EOLS	Evolus Inc	Pair Corr
0.64	AMD	Advanced Micro Devices Sell-off Trend	Pair Corr
0.48	RLMD	Relmada Therapeutics	Pair Corr
0.45	HE	Hawaiian Electric	Pair Corr

Related Correlations Analysis

	LYJN	SPQS	GAMN	JEWL	AVEW	PREC	VMHG	BRAV	SSGOF	AIGI
LYJN		0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	LYJN
SPQS	0.0		0.46	-0.39	-0.14	-0.32	-0.08	0.0	0.0	0.0	SPQS
GAMN	0.0	0.46		-0.38	-0.14	0.28	-0.1	0.0	0.0	0.0	GAMN
JEWL	0.0	-0.39	-0.38		0.47	-0.08	-0.23	0.0	0.0	0.0	JEWL
AVEW	0.0	-0.14	-0.14	0.47		-0.01	-0.13	0.0	0.0	0.0	AVEW
PREC	0.0	-0.32	0.28	-0.08	-0.01		0.0	0.0	0.0	0.0	PREC
VMHG	0.0	-0.08	-0.1	-0.23	-0.13	0.0		0.0	0.0	0.0	VMHG
BRAV	0.0	0.0	0.0	0.0	0.0	0.0	0.0		1.0	1.0	BRAV
SSGOF	0.0	0.0	0.0	0.0	0.0	0.0	0.0	1.0		1.0	SSGOF
AIGI	0.0	0.0	0.0	0.0	0.0	0.0	0.0	1.0	1.0		AIGI
	LYJN	SPQS	GAMN	JEWL	AVEW	PREC	VMHG	BRAV	SSGOF	AIGI

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Correlation Matchups

Over a given time period, the two securities move together when the Correlation Coefficient is positive. Conversely, the two assets move in opposite directions when the Correlation Coefficient is negative. Determining your positions' relationship to each other is valuable for analyzing and projecting your portfolio's future expected return and risk.

High positive correlations

SSGOF	+ 1.0	BRAV
AIGI	+ 1.0	BRAV
AIGI	+ 1.0	SSGOF
AVEW	+ 0.47	JEWL
GAMN	+ 0.46	SPQS
PREC	+ 0.28	GAMN

High negative correlations

JEWL	- 0.39	SPQS
JEWL	- 0.38	GAMN
PREC	- 0.32	SPQS
VMHG	- 0.23	JEWL
AVEW	- 0.14	GAMN
AVEW	- 0.14	SPQS

Risk-Adjusted Indicators

There is a big difference between Arcelik Pink Sheet performing well and Arcelik AS Company doing well as a business compared to the competition. There are so many exceptions to the norm that investors cannot definitively determine what's good or bad unless they analyze Arcelik AS's multiple risk-adjusted performance indicators across the competitive landscape. These indicators are quantitative in nature and help investors forecast volatility and risk-adjusted expected returns across various positions.

	Mean Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
LYJN	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
SPQS	27.16	8.45	0.18	2.39	18.46	(98.33)	100.00	(50.00)	233.33
GAMN	13.33	6.19	0.00	(0.97)	0.00	0.00	0.00	0.00	305.56
JEWL	10.44	1.47	0.00	(1.21)	0.00	0.00	50.00	(50.00)	166.67
AVEW	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
PREC	6.74	1.39	0.03	(0.16)	9.72	(75.08)	0.00	(24.14)	182.27
VMHG	7.00	0.75	0.06	0.52	7.66	(13.71)	14.29	(16.67)	89.95
BRAV	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
SSGOF	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
AIGI	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00

Be your own money manager

Our tools can tell you how much better you can do entering a position in Arcelik AS without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.

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Arcelik AS Corporate Management

Murat Kahriman	Accounting Director	Profile
Orkun Inanbil	Manager - Investor Relations	Profile
Buket elebiven	HR Director	Profile
Akin Garzanli	Chief Officer	Profile
Fatih Ebilioglu	Information Director	Profile

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