ICBC Turkey Correlations
| ICBCT Stock | TRY 14.00 0.15 1.06% |
The current 90-days correlation between ICBC Turkey Bank and Akcansa Cimento Sanayi is 0.3 (i.e., Weak diversification). The correlation of ICBC Turkey 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.
ICBC Turkey Correlation With Market
Significant diversification
The correlation between ICBC Turkey Bank and DJI is 0.09 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding ICBC Turkey Bank and DJI in the same portfolio, assuming nothing else is changed.
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The ability to find closely correlated positions to ICBC Turkey could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace ICBC Turkey 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 ICBC Turkey - 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 ICBC Turkey Bank to buy it.
Moving together with ICBC Stock
| 0.62 | EGEEN | Ege Endustri ve | PairCorr |
| 0.8 | CLEBI | Celebi Hava Servisi | PairCorr |
| 0.83 | TTRAK | Turk Traktor ve | PairCorr |
Related Correlations Analysis
| 0.28 | 0.51 | -0.04 | 0.49 | 0.54 | AKCNS | ||
| 0.28 | 0.15 | 0.58 | 0.62 | 0.35 | AKBNK | ||
| 0.51 | 0.15 | -0.08 | 0.51 | 0.75 | BMSTL | ||
| -0.04 | 0.58 | -0.08 | 0.26 | 0.22 | TSPOR | ||
| 0.49 | 0.62 | 0.51 | 0.26 | 0.75 | KOZAA | ||
| 0.54 | 0.35 | 0.75 | 0.22 | 0.75 | CRDFA | ||
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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 ICBC Stock performing well and ICBC Turkey 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 ICBC Turkey'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| AKCNS | 1.71 | 0.15 | 0.03 | 0.82 | 1.64 | 4.53 | 14.28 | |||
| AKBNK | 2.33 | (0.01) | (0.03) | 0.09 | 2.94 | 5.43 | 13.73 | |||
| BMSTL | 1.54 | 0.18 | 0.05 | 0.51 | 2.11 | 2.19 | 14.33 | |||
| TSPOR | 2.22 | (0.71) | 0.00 | (1.40) | 0.00 | 4.55 | 10.33 | |||
| KOZAA | 2.38 | 0.02 | (0.02) | 0.31 | 3.48 | 5.60 | 15.14 | |||
| CRDFA | 2.22 | 0.40 | 0.09 | (1.11) | 2.41 | 6.23 | 10.53 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in ICBC Turkey 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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ICBC Turkey Corporate Management
Elected by the shareholders, the ICBC Turkey's board of directors comprises two types of representatives: ICBC Turkey inside directors who are chosen from within the company, and outside directors, selected externally and held independent of ICBC. The board's role is to monitor ICBC Turkey's management team and ensure that shareholders' interests are well served. ICBC Turkey'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, ICBC Turkey's outside directors are responsible for providing unbiased perspectives on the board's policies.
| Basbug Samancioglu | Vice General Manager - Corporate and Commercial Banking Group | Profile | |
| Zheng Jianfeng | Member of the Board | Profile | |
| Ayperi Uras | Vice General Manager - Information Technologies and Operations | Profile | |
| Liu Wenbin | MangHead Department | Profile | |
| D Dover | Vice General Manager - Foreign Relations Group | Profile | |
| Wang Qiang | Member of the Board | Profile | |
| Grdogan Yurtsever | Managing Department | Profile |