Mackolik Internet Correlations

MACKO Stock

111.00 0.50 0.45%

The current 90-days correlation between Mackolik Internet and Pamel Yenilenebilir Elektrik is 0.05 (i.e., Significant diversification). The correlation of Mackolik Internet 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.

Mackolik Internet Correlation With Market

Modest diversification

The correlation between Mackolik Internet Hizmetleri and DJI is 0.27 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Mackolik Internet Hizmetleri and DJI in the same portfolio, assuming nothing else is changed.

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

Moving together with Mackolik Stock

0.93	PLTUR	Platform Turizm Tasi	Pair Corr
0.77	ASELS	Aselsan Elektronik Sanayi	Pair Corr
0.7	TURSG	Turkiye Sigorta AS	Pair Corr
0.87	RYSAS	Reysas Tasimacilik	Pair Corr
0.75	BIMAS	BIM Birlesik Magazalar	Pair Corr
0.91	ISMEN	Is Yatirim Menkul	Pair Corr
0.67	OSTIM	Ostim Endustriyel	Pair Corr
0.74	ICBCT	ICBC Turkey Bank	Pair Corr
0.67	TOASO	Tofas Turk Otomobil	Pair Corr
0.75	TCELL	Turkcell Iletisim	Pair Corr
0.74	ENJSA	Enerjisa Enerji AS	Pair Corr

Moving against Mackolik Stock

0.32

KSTUR

Kustur Kusadasi Turizm

Pair Corr

Related Correlations Analysis

	PAMEL	PLTUR	BRISA	RGYAS	DGGYO	IZENR	LOGO	PRZMA	YYAPI	KENT
PAMEL		0.49	0.03	0.63	0.6	0.26	0.37	-0.66	0.57	0.81	PAMEL
PLTUR	0.49		0.05	0.81	0.77	-0.41	0.62	-0.92	0.67	0.6	PLTUR
BRISA	0.03	0.05		0.41	0.44	0.19	0.33	0.02	0.48	-0.02	BRISA
RGYAS	0.63	0.81	0.41		0.89	-0.14	0.62	-0.83	0.84	0.58	RGYAS
DGGYO	0.6	0.77	0.44	0.89		-0.14	0.62	-0.75	0.77	0.6	DGGYO
IZENR	0.26	-0.41	0.19	-0.14	-0.14		-0.17	0.25	0.1	0.01	IZENR
LOGO	0.37	0.62	0.33	0.62	0.62	-0.17		-0.49	0.63	0.32	LOGO
PRZMA	-0.66	-0.92	0.02	-0.83	-0.75	0.25	-0.49		-0.71	-0.77	PRZMA
YYAPI	0.57	0.67	0.48	0.84	0.77	0.1	0.63	-0.71		0.57	YYAPI
KENT	0.81	0.6	-0.02	0.58	0.6	0.01	0.32	-0.77	0.57		KENT
	PAMEL	PLTUR	BRISA	RGYAS	DGGYO	IZENR	LOGO	PRZMA	YYAPI	KENT

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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

DGGYO	+ 0.89	RGYAS
YYAPI	+ 0.84	RGYAS
KENT	+ 0.81	PAMEL
RGYAS	+ 0.81	PLTUR
DGGYO	+ 0.77	PLTUR
YYAPI	+ 0.77	DGGYO

High negative correlations

PRZMA	- 0.92	PLTUR
PRZMA	- 0.83	RGYAS
KENT	- 0.77	PRZMA
PRZMA	- 0.75	DGGYO
YYAPI	- 0.71	PRZMA
PRZMA	- 0.66	PAMEL

Risk-Adjusted Indicators

There is a big difference between Mackolik Stock performing well and Mackolik Internet 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 Mackolik Internet'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
PAMEL	1.29	(0.08)	0.00	(0.13)	0.00	0.00	3.17	(2.76)	7.85
PLTUR	2.64	0.66	0.17	(3.98)	2.85	(3.04)	6.35	(4.79)	17.99
BRISA	1.48	0.00	(0.03)	0.10	1.55	(1.74)	4.33	(2.68)	11.24
RGYAS	1.29	0.19	0.07	0.66	1.61	(1.34)	3.23	(2.56)	9.53
DGGYO	2.06	0.38	0.14	1.95	2.05	(2.46)	4.26	(2.99)	13.34
IZENR	1.52	(0.39)	0.00	(0.63)	0.00	0.00	3.16	(3.09)	11.99
LOGO	1.98	0.15	0.05	0.34	2.21	(2.39)	4.49	(4.04)	13.11
PRZMA	2.08	(0.63)	0.00	(1.74)	0.00	0.00	3.49	(4.81)	13.47
YYAPI	2.93	0.37	0.11	0.91	2.63	(4.00)	9.88	(4.76)	15.24
KENT	2.54	0.21	0.04	(0.42)	2.12	(4.58)	9.75	(3.35)	16.51

Be your own money manager

Our tools can tell you how much better you can do entering a position in Mackolik Internet 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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