Alarko Gayrimenkul Correlations
| ALGYO Stock | TRY 19.82 0.13 0.66% |
The current 90-days correlation between Alarko Gayrimenkul and Akbank TAS is 0.66 (i.e., Poor diversification). The correlation of Alarko Gayrimenkul 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.
Alarko Gayrimenkul Correlation With Market
Modest diversification
The correlation between Alarko Gayrimenkul Yatirim and DJI is 0.26 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Alarko Gayrimenkul Yatirim and DJI in the same portfolio, assuming nothing else is changed.
Alarko |
The ability to find closely correlated positions to Alarko Gayrimenkul could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Alarko Gayrimenkul 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 Alarko Gayrimenkul - 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 Alarko Gayrimenkul Yatirim to buy it.
Moving together with Alarko Stock
| 0.63 | YBTAS | Yibitas Yozgat Isci | PairCorr |
| 0.61 | BRYAT | Borusan Yatirim ve | PairCorr |
| 0.84 | THYAO | Turkish Airlines | PairCorr |
| 0.86 | CCOLA | Coca Cola Icecek | PairCorr |
Related Correlations Analysis
| Click cells to compare fundamentals | Check Volatility | Backtest Portfolio |
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
| High negative correlations
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Risk-Adjusted Indicators
There is a big difference between Alarko Stock performing well and Alarko Gayrimenkul 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 Alarko Gayrimenkul'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| AKBNK | 2.30 | (0.02) | (0.01) | 0.10 | 2.90 | 5.43 | 13.73 | |||
| GARAN | 1.83 | 0.02 | 0.01 | 0.14 | 2.04 | 4.18 | 9.49 | |||
| YKBNK | 2.16 | (0.10) | 0.00 | (0.07) | 0.00 | 5.19 | 12.76 | |||
| TUPRS | 1.22 | (0.15) | 0.00 | (0.10) | 0.00 | 2.66 | 6.28 | |||
| SISE | 1.53 | (0.17) | 0.00 | (0.15) | 0.00 | 2.49 | 7.48 | |||
| QNBFB | 2.05 | (0.45) | 0.00 | (0.39) | 0.00 | 4.30 | 18.89 | |||
| EREGL | 1.44 | 0.05 | 0.00 | 0.20 | 1.59 | 2.99 | 7.76 | |||
| KCHOL | 1.71 | 0.09 | 0.00 | 0.51 | 1.97 | 4.09 | 8.99 | |||
| ISBTR | 1.68 | (0.20) | 0.00 | (0.17) | 0.00 | 4.10 | 17.23 |
Be your own money manager
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Alarko Gayrimenkul Corporate Management
Elected by the shareholders, the Alarko Gayrimenkul's board of directors comprises two types of representatives: Alarko Gayrimenkul inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Alarko. The board's role is to monitor Alarko Gayrimenkul's management team and ensure that shareholders' interests are well served. Alarko Gayrimenkul'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, Alarko Gayrimenkul's outside directors are responsible for providing unbiased perspectives on the board's policies.
| Ahmet Varol | Assistant General Manager | Profile | |
| zgr Kalyoncu | Director Relations | Profile | |
| Harun CPA | General Manager | Profile | |
| Aysel Yrr | Shareholders Mang | Profile | |
| Metin Franko | Ma Relations | Profile |