Iz Hayvancilik Correlations
| IZINV Stock | 36.12 0.82 2.32% |
The current 90-days correlation between Iz Hayvancilik Tarim and Datagate Bilgisayar Malzemeleri is -0.03 (i.e., Good diversification). The correlation of Iz Hayvancilik 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.
Iz Hayvancilik Correlation With Market
Significant diversification
The correlation between Iz Hayvancilik Tarim and DJI is 0.03 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Iz Hayvancilik Tarim and DJI in the same portfolio, assuming nothing else is changed.
IZINV |
The ability to find closely correlated positions to Iz Hayvancilik could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Iz Hayvancilik 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 Iz Hayvancilik - 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 Iz Hayvancilik Tarim to buy it.
Moving together with IZINV Stock
| 0.88 | SASA | SASA Polyester Sanayi | PairCorr |
| 0.92 | KCHOL | Koc Holding AS | PairCorr |
| 0.8 | FROTO | Ford Otomotiv Sanayi | PairCorr |
| 0.87 | TUPRS | Turkiye Petrol Rafin | PairCorr |
| 0.8 | EREGL | Eregli Demir ve | PairCorr |
Moving against IZINV Stock
| 0.94 | HEDEF | Hedef Holdings AS | PairCorr |
| 0.92 | GENTS | Gentas Genel Metal | PairCorr |
| 0.84 | TRILC | Turk Ilac ve | PairCorr |
| 0.84 | ARENA | Arena Bilgisayar Sanayi | PairCorr |
| 0.81 | KRDMA | Kardemir Karabuk Demir | PairCorr |
| 0.79 | ASELS | Aselsan Elektronik Sanayi | PairCorr |
| 0.77 | BMSTL | Bms Birlesik Metal | PairCorr |
| 0.74 | THYAO | Turkish Airlines | PairCorr |
| 0.72 | TDGYO | Trend Gayrimenkul Yatirim | PairCorr |
| 0.71 | VAKBN | Turkiye Vakiflar Bankasi | PairCorr |
| 0.66 | ATSYH | Atlantis Yatirim Holding | PairCorr |
| 0.62 | MMCAS | MMC Sanayi ve | PairCorr |
| 0.93 | HATEK | Hateks Hatay Tekstil | PairCorr |
| 0.89 | DOCO | DO AG | PairCorr |
| 0.88 | MAGEN | Margun Enerji Uretim | PairCorr |
| 0.84 | SNKRN | Senkron Guvenlik | PairCorr |
| 0.83 | DGATE | Datagate Bilgisayar | PairCorr |
| 0.79 | HALKB | Turkiye Halk Bankasi | PairCorr |
| 0.77 | GRSEL | GurSel Turizm Tasimacilik | PairCorr |
| 0.76 | MGROS | Migros Ticaret AS | PairCorr |
| 0.76 | YAPRK | Yaprak Sut ve | PairCorr |
| 0.72 | OSTIM | Ostim Endustriyel | PairCorr |
| 0.71 | TCELL | Turkcell Iletisim | PairCorr |
| 0.7 | BVSAN | BVS AS | 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 IZINV Stock performing well and Iz Hayvancilik 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 Iz Hayvancilik'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| DGATE | 2.73 | 0.30 | 0.09 | (2.56) | 3.67 | 5.27 | 19.17 | |||
| MACKO | 1.72 | 0.11 | 0.07 | 0.17 | 1.94 | 5.05 | 11.26 | |||
| SILVR | 1.29 | (0.26) | 0.00 | (0.69) | 0.00 | 3.30 | 8.10 | |||
| GSRAY | 1.42 | (0.34) | 0.00 | (1.33) | 0.00 | 2.58 | 8.61 | |||
| AKBNK | 1.61 | 0.25 | 0.18 | 0.59 | 1.42 | 2.98 | 11.04 | |||
| CUSAN | 1.93 | (0.06) | 0.00 | 0.23 | 0.00 | 4.87 | 17.45 | |||
| GENTS | 2.32 | 0.41 | 0.24 | (0.50) | 2.04 | 5.83 | 14.46 | |||
| AKCNS | 1.85 | 0.08 | 0.04 | 0.11 | 2.67 | 3.45 | 19.96 |
Iz Hayvancilik Related Equities
One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with Iz Hayvancilik stock to make a market-neutral strategy. Peer analysis of Iz Hayvancilik could also be used in its relative valuation, which is a method of valuing Iz Hayvancilik by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |