Galata Wind Correlations

Stocks . Turkey . 
Stock . Galata Wind Enerji
GWIND Stock  TRY 30.60  0.38  1.26%   
The current 90-days correlation between Galata Wind Enerji and Aydem Yenilenebilir Enerji is 0.27 (i.e., Modest diversification). The correlation of Galata Wind 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.

Galata Wind Correlation With Market

Significant diversification

The correlation between Galata Wind Enerji 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 Galata Wind Enerji and DJI in the same portfolio, assuming nothing else is changed.
  
The ability to find closely correlated positions to Galata Wind could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Galata Wind 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 Galata Wind - 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 Galata Wind Enerji to buy it.

Moving together with Galata Stock

  0.85AKSEN Aksa Enerji UretimPairCorr
  0.88PAMEL Pamel YenilenebilirPairCorr
  0.64NATEN Naturel YenilenebilirPairCorr
  0.82PLTUR Platform Turizm TasiPairCorr
  0.77ASELS Aselsan Elektronik SanayiPairCorr
  0.81ATLAS Atlas Menkul KiymetlerPairCorr
  0.89ALVES Alves Kablo SanPairCorr
  0.94BORLS Borlease OtomotivPairCorr
  0.85NTGAZ Naturelgaz SanayiPairCorr
  0.75BERA Bera Holding ASPairCorr
  0.88AKCNS Akcansa Cimento SanayiPairCorr
  0.9QUAGR Qua Granite HayalPairCorr
  0.92TKNSA Teknosa Ic vePairCorr
  0.72HALKB Turkiye Halk BankasiPairCorr
  0.61ENJSA Enerjisa Enerji ASPairCorr
  0.87BIMAS BIM Birlesik MagazalarPairCorr
  0.75AHGAZ Ahlatci Dogal GazPairCorr
  0.91AKGRT AK Sigorta ASPairCorr
  0.88CANTE Can2 Termik ASPairCorr
  0.91CUSAN Cuhadaroglu Metal SanayiPairCorr
  0.8ESEN Esenboga Elektrik UretimPairCorr
  0.62THYAO Turkish AirlinesPairCorr
  0.84SKBNK Sekerbank TASPairCorr
  0.87CCOLA Coca Cola IcecekPairCorr
  0.82MACKO Mackolik InternetPairCorr
  0.85GARAN Turkiye Garanti BankasiPairCorr
  0.87GENTS Gentas Genel MetalPairCorr

Moving against Galata Stock

  0.77BFREN Bosch Fren SistemleriPairCorr
  0.56AYDEM Aydem YenilenebilirPairCorr

Related Correlations Analysis

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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   
GWIND
+ 0.88
PAMEL
GWIND
+ 0.85
AKSEN
NATEN
+ 0.84
AKSEN
PAMEL
+ 0.7
AKSEN
NATEN
+ 0.64
GWIND
NATEN
+ 0.45
PAMEL
  
High negative correlations   
GWIND
- 0.56
AYDEM
NATEN
- 0.47
AYDEM
AYDEM
- 0.43
AKSEN
PAMEL
- 0.29
AYDEM

Risk-Adjusted Indicators

There is a big difference between Galata Stock performing well and Galata Wind 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 Galata Wind'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.

Be your own money manager

Our tools can tell you how much better you can do entering a position in Galata Wind 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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Galata Wind Corporate Management

Elected by the shareholders, the Galata Wind's board of directors comprises two types of representatives: Galata Wind inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Galata. The board's role is to monitor Galata Wind's management team and ensure that shareholders' interests are well served. Galata Wind'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, Galata Wind's outside directors are responsible for providing unbiased perspectives on the board's policies.
Ozlen CendereMember OfficerProfile
Burak KuyanDirector CEOProfile
Onur AytekinCFO BoardProfile
Mehmet GurpinarCOO DirectorProfile
Halide YucelInvestor DirectorProfile
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