Nigbas Nigde Correlations

NIBAS Stock

TRY 19.01 0.10 0.52%

The current 90-days correlation between Nigbas Nigde Beton and Sodas Sodyum Sanayi is 0.34 (i.e., Weak diversification). The correlation of Nigbas Nigde 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.

Nigbas Nigde Correlation With Market

Significant diversification

The correlation between Nigbas Nigde Beton and DJI is 0.07 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Nigbas Nigde Beton and DJI in the same portfolio, assuming nothing else is changed.

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

Moving against Nigbas Stock

0.75	YKBNK	Yapi ve Kredi	Pair Corr
0.7	ISBTR	Turkiye Is Bankasi	Pair Corr
0.66	SISE	Turkiye Sise ve	Pair Corr
0.62	QNBFB	Qnb Finansbank AS	Pair Corr
0.56	AKBNK	Akbank TAS	Pair Corr
0.39	KCHOL	Koc Holding AS	Pair Corr
0.37	TUPRS	Turkiye Petrol Rafin	Pair Corr

Related Correlations Analysis

	BMSTL	AKBNK	KLNMA	EDATA	SODSN	MEGMT	SKBNK
BMSTL		0.12	-0.21	-0.13	0.06	-0.11	0.02	BMSTL
AKBNK	0.12		0.51	0.69	0.61	0.73	0.64	AKBNK
KLNMA	-0.21	0.51		0.66	0.57	0.72	0.43	KLNMA
EDATA	-0.13	0.69	0.66		0.91	0.92	0.57	EDATA
SODSN	0.06	0.61	0.57	0.91		0.83	0.56	SODSN
MEGMT	-0.11	0.73	0.72	0.92	0.83		0.62	MEGMT
SKBNK	0.02	0.64	0.43	0.57	0.56	0.62		SKBNK
	BMSTL	AKBNK	KLNMA	EDATA	SODSN	MEGMT	SKBNK

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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

MEGMT	+ 0.92	EDATA
SODSN	+ 0.91	EDATA
MEGMT	+ 0.83	SODSN
MEGMT	+ 0.73	AKBNK
MEGMT	+ 0.72	KLNMA
EDATA	+ 0.69	AKBNK

High negative correlations

KLNMA	- 0.21	BMSTL
EDATA	- 0.13	BMSTL
MEGMT	- 0.11	BMSTL

Risk-Adjusted Indicators

There is a big difference between Nigbas Stock performing well and Nigbas Nigde 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 Nigbas Nigde'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
BMSTL	1.55	0.19	0.05	0.51	2.11	(1.52)	2.64	(3.86)	14.33
AKBNK	2.31	0.02	(0.02)	0.16	2.92	(2.39)	5.43	(5.82)	13.73
KLNMA	1.57	0.07	(0.01)	0.48	1.69	(1.95)	4.11	(2.53)	15.22
EDATA	1.85	(0.45)	0.00	1.51	0.00	0.00	3.43	(4.47)	9.65
SODSN	2.21	(0.38)	0.00	(0.81)	0.00	0.00	4.55	(4.78)	15.93
MEGMT	1.88	(0.14)	0.00	1.28	0.00	0.00	3.56	(3.83)	12.82
SKBNK	1.79	(0.08)	(0.05)	0.01	2.17	(2.20)	3.79	(3.55)	12.93

Be your own money manager

Our tools can tell you how much better you can do entering a position in Nigbas Nigde 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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Nigbas Nigde Corporate Management

Elected by the shareholders, the Nigbas Nigde's board of directors comprises two types of representatives: Nigbas Nigde inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Nigbas. The board's role is to monitor Nigbas Nigde's management team and ensure that shareholders' interests are well served. Nigbas Nigde'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, Nigbas Nigde's outside directors are responsible for providing unbiased perspectives on the board's policies.

Omer Kasikcilar	Independent Member of the Board	Profile
Sirri Odyak	Member of the Board	Profile
Yunus Kavik	Financial Affairs and Accounting Manager	Profile
Talat Akinci	General Manager	Profile

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