Kustur Kusadasi Correlations

KSTUR Stock

TRY 3,898 340.00 9.56%

The current 90-days correlation between Kustur Kusadasi Turizm and Yibitas Yozgat Isci is 0.22 (i.e., Modest diversification). The correlation of Kustur Kusadasi 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.

Kustur Kusadasi Correlation With Market

Average diversification

The correlation between Kustur Kusadasi Turizm and DJI is 0.11 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Kustur Kusadasi Turizm and DJI in the same portfolio, assuming nothing else is changed.

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

Moving together with Kustur Stock

0.62	KCHOL	Koc Holding AS	Pair Corr
0.75	SISE	Turkiye Sise ve	Pair Corr
0.77	TOASO	Tofas Turk Otomobil	Pair Corr
0.83	TCELL	Turkcell Iletisim	Pair Corr
0.81	AGHOL	AG Anadolu Group	Pair Corr

Related Correlations Analysis

	YBTAS	EGEEN	BRYAT	TUPRS	THYAO	PGSUS	KONYA	CLEBI	OTKAR	CCOLA
YBTAS		-0.16	0.2	0.83	0.62	0.08	0.0	-0.07	0.49	0.87	YBTAS
EGEEN	-0.16		0.56	0.0	0.49	0.4	0.9	0.59	-0.29	0.03	EGEEN
BRYAT	0.2	0.56		0.09	0.39	0.54	0.55	0.28	-0.23	0.45	BRYAT
TUPRS	0.83	0.0	0.09		0.61	0.21	0.14	0.04	0.36	0.67	TUPRS
THYAO	0.62	0.49	0.39	0.61		0.16	0.48	0.52	0.4	0.68	THYAO
PGSUS	0.08	0.4	0.54	0.21	0.16		0.35	0.23	-0.29	0.0	PGSUS
KONYA	0.0	0.9	0.55	0.14	0.48	0.35		0.41	-0.27	0.2	KONYA
CLEBI	-0.07	0.59	0.28	0.04	0.52	0.23	0.41		0.23	0.0	CLEBI
OTKAR	0.49	-0.29	-0.23	0.36	0.4	-0.29	-0.27	0.23		0.39	OTKAR
CCOLA	0.87	0.03	0.45	0.67	0.68	0.0	0.2	0.0	0.39		CCOLA
	YBTAS	EGEEN	BRYAT	TUPRS	THYAO	PGSUS	KONYA	CLEBI	OTKAR	CCOLA

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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

KONYA	+ 0.9	EGEEN
CCOLA	+ 0.87	YBTAS
TUPRS	+ 0.83	YBTAS
CCOLA	+ 0.68	THYAO
CCOLA	+ 0.67	TUPRS
THYAO	+ 0.62	YBTAS

High negative correlations

OTKAR	- 0.29	PGSUS
OTKAR	- 0.29	EGEEN
OTKAR	- 0.27	KONYA
OTKAR	- 0.23	BRYAT
EGEEN	- 0.16	YBTAS
CLEBI	- 0.07	YBTAS

Risk-Adjusted Indicators

There is a big difference between Kustur Stock performing well and Kustur Kusadasi 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 Kustur Kusadasi'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
YBTAS	2.07	(0.56)	0.00	(0.39)	0.00	0.00	4.07	(5.00)	14.48
EGEEN	2.15	0.09	(0.02)	(0.11)	2.35	(2.51)	5.02	(4.07)	14.68
BRYAT	2.50	0.15	0.01	(1.42)	2.75	(2.81)	5.86	(4.06)	18.29
TUPRS	1.24	(0.10)	0.00	(0.30)	0.00	0.00	2.66	(2.14)	6.28
THYAO	1.45	(0.13)	0.00	(0.29)	0.00	0.00	3.12	(2.55)	7.35
PGSUS	1.80	0.01	(0.03)	0.14	2.19	(1.83)	4.27	(3.31)	12.02
KONYA	1.91	(0.03)	0.00	0.41	0.00	0.00	4.39	(4.14)	11.63
CLEBI	1.93	0.09	0.04	0.20	1.96	(2.39)	4.75	(3.81)	9.70
OTKAR	1.53	(0.14)	0.00	(0.77)	0.00	0.00	3.46	(2.98)	14.65
CCOLA	1.82	(0.29)	0.00	0.64	0.00	0.00	3.31	(4.60)	14.11

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Our tools can tell you how much better you can do entering a position in Kustur Kusadasi 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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