Akbank Turk Correlations
| AKBTY Stock | USD 3.40 0.06 1.73% |
The current 90-days correlation between Akbank Turk Anonim and PSB Holdings is -0.04 (i.e., Good diversification). The correlation of Akbank Turk 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.
Akbank Turk Correlation With Market
Average diversification
The correlation between Akbank Turk Anonim and DJI is 0.12 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Akbank Turk Anonim and DJI in the same portfolio, assuming nothing else is changed.
Akbank |
The ability to find closely correlated positions to Akbank Turk could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Akbank Turk 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 Akbank Turk - 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 Akbank Turk Anonim to buy it.
Moving together with Akbank OTC Stock
Moving against Akbank OTC Stock
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Related Correlations Analysis
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Be your own money manager
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| All Next | Launch Module |
Akbank Turk Corporate Management
Elected by the shareholders, the Akbank Turk's board of directors comprises two types of representatives: Akbank Turk inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Akbank. The board's role is to monitor Akbank Turk's management team and ensure that shareholders' interests are well served. Akbank Turk's inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Akbank Turk's outside directors are responsible for providing unbiased perspectives on the board's policies.
| Eyup Engin | Head of Internal Audit | Profile | |
| Pinar Anapa | Deputy Culture | Profile | |
| Kamile Gvenir | Head Department | Profile | |
| Berna Avdan | G Counsel | Profile | |
| Turker CFA | Assistant Mang | Profile |