Arcelik AS Correlations

ACKAY Stock

USD 12.80 0.00 0.00%

The current 90-days correlation between Arcelik AS ADR and Electrolux AB Class is -0.09 (i.e., Good diversification). 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

Significant diversification

The correlation between Arcelik AS ADR and DJI is 0.01 (i.e., Significant 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 against Arcelik Pink Sheet

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0.31	HSHCY	Haier Smart Home	Pair Corr
0.62	TRV	The Travelers Companies	Pair Corr
0.59	T	ATT Inc Aggressive Push	Pair Corr
0.41	CSCO	Cisco Systems Aggressive Push	Pair Corr
0.37	MMM	3M Company	Pair Corr
0.34	MCD	McDonalds	Pair Corr
0.32	KO	Coca Cola Earnings Call This Week	Pair Corr
0.32	PG	Procter Gamble	Pair Corr

Related Correlations Analysis

	ELUXY	DTCGF	RHUHF	WIPKF	ELRXF	LKFLF	MBUMF	MAWHY	SSPPF	GMPUF
ELUXY		-0.94	0.77	0.72	0.88	0.77	0.0	-0.06	0.59	0.68	ELUXY
DTCGF	-0.94		-0.86	-0.79	-0.85	-0.76	0.0	0.06	-0.71	-0.67	DTCGF
RHUHF	0.77	-0.86		0.84	0.81	0.68	0.0	-0.1	0.87	0.74	RHUHF
WIPKF	0.72	-0.79	0.84		0.72	0.47	0.0	-0.12	0.67	0.55	WIPKF
ELRXF	0.88	-0.85	0.81	0.72		0.74	0.0	0.11	0.54	0.81	ELRXF
LKFLF	0.77	-0.76	0.68	0.47	0.74		0.0	-0.11	0.47	0.72	LKFLF
MBUMF	0.0	0.0	0.0	0.0	0.0	0.0		0.0	0.0	0.0	MBUMF
MAWHY	-0.06	0.06	-0.1	-0.12	0.11	-0.11	0.0		-0.08	0.09	MAWHY
SSPPF	0.59	-0.71	0.87	0.67	0.54	0.47	0.0	-0.08		0.54	SSPPF
GMPUF	0.68	-0.67	0.74	0.55	0.81	0.72	0.0	0.09	0.54		GMPUF
	ELUXY	DTCGF	RHUHF	WIPKF	ELRXF	LKFLF	MBUMF	MAWHY	SSPPF	GMPUF

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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

ELRXF	+ 0.88	ELUXY
SSPPF	+ 0.87	RHUHF
WIPKF	+ 0.84	RHUHF
ELRXF	+ 0.81	RHUHF
GMPUF	+ 0.81	ELRXF
RHUHF	+ 0.77	ELUXY

High negative correlations

DTCGF	- 0.94	ELUXY
RHUHF	- 0.86	DTCGF
ELRXF	- 0.85	DTCGF
WIPKF	- 0.79	DTCGF
LKFLF	- 0.76	DTCGF
SSPPF	- 0.71	DTCGF

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
ELUXY	1.97	0.60	0.26	0.51	1.77	(2.41)	5.14	(3.11)	12.69
DTCGF	0.68	(0.31)	0.00	0.62	0.00	0.00	0.00	(2.68)	9.11
RHUHF	0.69	0.28	0.14	(0.54)	0.24	(1.33)	2.59	(1.06)	9.76
WIPKF	0.72	0.32	0.24	(1.97)	0.00	(1.29)	3.60	(1.02)	6.00
ELRXF	1.53	0.90	0.00	(1.17)	0.00	0.00	6.18	0.00	19.50
LKFLF	2.46	0.68	0.06	(2.36)	2.55	(10.81)	13.82	(5.88)	28.52
MBUMF	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
MAWHY	2.17	0.19	0.00	(0.19)	3.62	(8.09)	7.62	(9.44)	39.25
SSPPF	1.39	0.37	0.00	34.71	0.00	0.00	0.00	0.00	46.20
GMPUF	0.15	0.01	0.00	0.27	0.00	0.00	0.00	0.00	3.42

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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