Aksa Akrilik Correlations
| AKSA Stock | TRY 11.32 0.17 1.52% |
The current 90-days correlation between Aksa Akrilik Kimya and Eregli Demir ve is 0.35 (i.e., Weak diversification). The correlation of Aksa Akrilik 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.
Aksa Akrilik Correlation With Market
Average diversification
The correlation between Aksa Akrilik Kimya and DJI is 0.18 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Aksa Akrilik Kimya and DJI in the same portfolio, assuming nothing else is changed.
Aksa |
The ability to find closely correlated positions to Aksa Akrilik could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Aksa Akrilik 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 Aksa Akrilik - 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 Aksa Akrilik Kimya to buy it.
Moving together with Aksa Stock
Moving against Aksa Stock
Related Correlations Analysis
| 0.67 | -0.37 | 0.6 | 0.37 | EREGL | ||
| 0.67 | -0.11 | 0.11 | 0.49 | SISE | ||
| -0.37 | -0.11 | -0.38 | 0.45 | TOASO | ||
| 0.6 | 0.11 | -0.38 | -0.3 | FROTO | ||
| 0.37 | 0.49 | 0.45 | -0.3 | HEKTS | ||
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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
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Risk-Adjusted Indicators
There is a big difference between Aksa Stock performing well and Aksa Akrilik 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 Aksa Akrilik'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| EREGL | 1.19 | (0.08) | 0.00 | (0.35) | 0.00 | 2.73 | 7.28 | |||
| SISE | 1.30 | (0.04) | 0.00 | 0.31 | 0.00 | 3.17 | 6.74 | |||
| TOASO | 1.78 | 0.17 | 0.04 | (7.01) | 1.79 | 3.73 | 10.74 | |||
| FROTO | 1.20 | (0.08) | 0.00 | (0.09) | 0.00 | 2.73 | 10.19 | |||
| HEKTS | 1.85 | 0.01 | (0.02) | 0.11 | 2.12 | 4.42 | 15.62 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in Aksa Akrilik 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.Did you try this?
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Risk-Return AnalysisView associations between returns expected from investment and the risk you assume |
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Aksa Akrilik Corporate Management
Elected by the shareholders, the Aksa Akrilik's board of directors comprises two types of representatives: Aksa Akrilik inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Aksa. The board's role is to monitor Aksa Akrilik's management team and ensure that shareholders' interests are well served. Aksa Akrilik'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, Aksa Akrilik's outside directors are responsible for providing unbiased perspectives on the board's policies.
| Sabri Arca | Assistant General Manager for Marketing, Sales and New Business Development | Profile | |
| Abdullah Ocak | Investment and Maintenance Director | Profile | |
| Mehmet Ergin | Independent Non-Executive Member of the Board | Profile | |
| Gurcan Koman | Chemical Director | Profile | |
| Erdem Tatbul | Accounting Mang | Profile | |
| Izer Lodrik | Non-Executive Member of the Board | Profile |