Duran Dogan Correlations

DURDO Stock

TRY 16.32 0.14 0.87%

The current 90-days correlation between Duran Dogan Basim and Gentas Genel Metal is 0.04 (i.e., Significant diversification). The correlation of Duran Dogan 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.

Duran Dogan Correlation With Market

Significant diversification

The correlation between Duran Dogan Basim ve and DJI is 0.05 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Duran Dogan Basim ve and DJI in the same portfolio, assuming nothing else is changed.

The ability to find closely correlated positions to Duran Dogan could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Duran Dogan 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 Duran Dogan - 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 Duran Dogan Basim ve to buy it.

Moving together with Duran Stock

0.81	GOZDE	Gozde Girisim Sermayesi	Pair Corr
0.85	EDIP	Edip Gayrimenkul Yatirim	Pair Corr

Related Correlations Analysis

	GENTS	MACKO	DGATE	KOCMT	EDATA	CUSAN	SKBNK
GENTS		0.8	0.73	0.0	-0.32	0.51	-0.08	GENTS
MACKO	0.8		0.48	0.18	-0.19	0.51	0.14	MACKO
DGATE	0.73	0.48		-0.52	-0.28	0.01	-0.65	DGATE
KOCMT	0.0	0.18	-0.52		0.23	0.34	0.83	KOCMT
EDATA	-0.32	-0.19	-0.28	0.23		-0.48	0.05	EDATA
CUSAN	0.51	0.51	0.01	0.34	-0.48		0.5	CUSAN
SKBNK	-0.08	0.14	-0.65	0.83	0.05	0.5		SKBNK
	GENTS	MACKO	DGATE	KOCMT	EDATA	CUSAN	SKBNK

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

SKBNK	+ 0.83	KOCMT
MACKO	+ 0.8	GENTS
DGATE	+ 0.73	GENTS
CUSAN	+ 0.51	GENTS
CUSAN	+ 0.51	MACKO
SKBNK	+ 0.5	CUSAN

High negative correlations

SKBNK	- 0.65	DGATE
KOCMT	- 0.52	DGATE
CUSAN	- 0.48	EDATA
EDATA	- 0.32	GENTS
EDATA	- 0.28	DGATE
EDATA	- 0.19	MACKO

Risk-Adjusted Indicators

There is a big difference between Duran Stock performing well and Duran Dogan 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 Duran Dogan'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
GENTS	2.25	0.75	0.34	1.81	1.79	(2.86)	5.83	(3.41)	14.46
MACKO	1.61	0.25	0.14	0.37	1.64	(2.02)	4.59	(2.51)	12.20
DGATE	2.34	0.57	0.19	(3.60)	2.52	(2.62)	5.41	(3.76)	18.67
KOCMT	1.46	0.05	0.02	0.21	3.04	(1.26)	3.05	(2.12)	15.49
EDATA	1.91	0.11	0.04	0.21	2.39	(1.98)	4.03	(3.80)	9.77
CUSAN	1.72	0.18	0.08	(0.29)	1.94	(1.96)	4.04	(3.07)	15.01
SKBNK	1.82	(0.13)	0.00	(0.78)	0.00	0.00	4.13	(2.97)	18.42

Be your own money manager

Our tools can tell you how much better you can do entering a position in Duran Dogan 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?

Run Technical Analysis Now

Technical Analysis

Check basic technical indicators and analysis based on most latest market data

All Next

Launch Module

Duran Dogan Corporate Management

Elected by the shareholders, the Duran Dogan's board of directors comprises two types of representatives: Duran Dogan inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Duran. The board's role is to monitor Duran Dogan's management team and ensure that shareholders' interests are well served. Duran Dogan'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, Duran Dogan's outside directors are responsible for providing unbiased perspectives on the board's policies.

Ali Duran	Vice General Manager	Profile
Ayse Ozer	Financial Affairs Manager	Profile
Orlando Kalumenos	Independent Member of the Board	Profile
Sleyman Sagir	HR Mang	Profile
Michel Dubois	Member of the Board	Profile

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2024 Macroaxis LLC