Kimteks Poliuretan Correlations

KMPUR Stock

18.64 0.29 1.58%

The current 90-days correlation between Kimteks Poliuretan Sanayi and Creditwest Faktoring AS is 0.13 (i.e., Average diversification). The correlation of Kimteks Poliuretan 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.

Kimteks Poliuretan Correlation With Market

Significant diversification

The correlation between Kimteks Poliuretan Sanayi 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 Kimteks Poliuretan Sanayi and DJI in the same portfolio, assuming nothing else is changed.

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

Moving together with Kimteks Stock

0.64	SASA	SASA Polyester Sanayi	Pair Corr
0.69	THYAO	Turkish Airlines	Pair Corr
0.64	KCHOL	Koc Holding AS	Pair Corr
0.75	ASELS	Aselsan Elektronik Sanayi	Pair Corr
0.66	ALVES	Alves Kablo San	Pair Corr
0.68	BIMAS	BIM Birlesik Magazalar	Pair Corr
0.77	GENTS	Gentas Genel Metal	Pair Corr
0.77	CCOLA	Coca Cola Icecek	Pair Corr
0.78	TKNSA	Teknosa Ic ve	Pair Corr
0.79	AKSA	Aksa Akrilik Kimya	Pair Corr
0.78	ENJSA	Enerjisa Enerji AS	Pair Corr
0.74	GWIND	Galata Wind Enerji	Pair Corr
0.89	NTGAZ	Naturelgaz Sanayi	Pair Corr
0.83	CANTE	Can2 Termik AS	Pair Corr
0.62	ESEN	Esenboga Elektrik Uretim	Pair Corr
0.85	BERA	Bera Holding AS	Pair Corr
0.8	AKGRT	AK Sigorta AS	Pair Corr
0.66	AKSEN	Aksa Enerji Uretim	Pair Corr
0.72	HALKB	Turkiye Halk Bankasi	Pair Corr
0.77	AHGAZ	Ahlatci Dogal Gaz	Pair Corr
0.68	ALKIM	Alkim Alkali Kimya Split	Pair Corr

Moving against Kimteks Stock

0.73	BFREN	Bosch Fren Sistemleri	Pair Corr
0.38	FROTO	Ford Otomotiv Sanayi	Pair Corr

Related Correlations Analysis

	CRDFA	MACKO	CUSAN	EDATA	SKBNK	KLNMA	KOCMT	POLTK
CRDFA		0.41	-0.02	0.1	0.2	0.36	-0.08	0.73	CRDFA
MACKO	0.41		0.76	-0.24	0.87	-0.44	0.55	0.7	MACKO
CUSAN	-0.02	0.76		-0.58	0.77	-0.75	0.48	0.37	CUSAN
EDATA	0.1	-0.24	-0.58		-0.22	0.7	0.15	0.09	EDATA
SKBNK	0.2	0.87	0.77	-0.22		-0.54	0.74	0.62	SKBNK
KLNMA	0.36	-0.44	-0.75	0.7	-0.54		-0.34	0.03	KLNMA
KOCMT	-0.08	0.55	0.48	0.15	0.74	-0.34		0.41	KOCMT
POLTK	0.73	0.7	0.37	0.09	0.62	0.03	0.41		POLTK
	CRDFA	MACKO	CUSAN	EDATA	SKBNK	KLNMA	KOCMT	POLTK

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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

SKBNK	+ 0.87	MACKO
SKBNK	+ 0.77	CUSAN
CUSAN	+ 0.76	MACKO
KOCMT	+ 0.74	SKBNK
POLTK	+ 0.73	CRDFA
POLTK	+ 0.7	MACKO

High negative correlations

KLNMA	- 0.75	CUSAN
EDATA	- 0.58	CUSAN
KLNMA	- 0.54	SKBNK
KLNMA	- 0.44	MACKO
KOCMT	- 0.34	KLNMA
EDATA	- 0.24	MACKO

Risk-Adjusted Indicators

There is a big difference between Kimteks Stock performing well and Kimteks Poliuretan 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 Kimteks Poliuretan'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
CRDFA	2.36	0.26	0.08	(7.24)	2.78	(2.87)	6.23	(5.18)	18.15
MACKO	1.74	0.62	0.30	(1.66)	1.51	(2.09)	5.32	(2.51)	12.29
CUSAN	1.67	0.37	0.19	1.03	1.68	(2.00)	4.87	(3.04)	15.01
EDATA	1.66	(0.05)	0.00	(0.08)	0.00	0.00	3.43	(4.03)	9.90
SKBNK	1.79	0.21	0.08	3.77	2.23	(2.18)	4.13	(2.51)	18.42
KLNMA	1.06	(0.10)	0.00	(0.59)	0.00	0.00	2.73	(2.55)	6.10
KOCMT	1.59	0.04	0.00	(0.07)	3.43	(1.35)	3.05	(3.49)	15.49
POLTK	2.06	0.17	0.08	0.25	2.05	(2.45)	4.01	(3.61)	15.18

Kimteks Poliuretan 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 Kimteks Poliuretan stock to make a market-neutral strategy. Peer analysis of Kimteks Poliuretan could also be used in its relative valuation, which is a method of valuing Kimteks Poliuretan by comparing valuation metrics with similar companies.

Creditwest Faktoring AS Mackolik Internet Hizmetleri Cuhadaroglu Metal Sanayi E Data Teknoloji Pazarlama Sekerbank TAS Turkiye Kalkinma Bankasi KOC METALURJI Politeknik Metal Sanayi American Airlines Group Alcoa Corp Apple Inc Best Buy Co Citigroup SentinelOne CVS Health Corp

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