Papilon Savunma Correlations

PAPIL Stock

TRY 12.82 0.29 2.21%

The current 90-days correlation between Papilon Savunma Guvenlik and SASA Polyester Sanayi is 0.14 (i.e., Average diversification). The correlation of Papilon Savunma 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.

Papilon Savunma Correlation With Market

Average diversification

The correlation between Papilon Savunma Guvenlik and DJI is 0.19 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Papilon Savunma Guvenlik and DJI in the same portfolio, assuming nothing else is changed.

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

Moving against Papilon Stock

0.4	FROTO	Ford Otomotiv Sanayi	Pair Corr
0.4	TDGYO	Trend Gayrimenkul Yatirim	Pair Corr

Related Correlations Analysis

	SASA	THYAO	KCHOL	FROTO	ENKAI	TUPRS	EREGL	ASELS
SASA		0.67	0.78	-0.23	0.22	0.71	0.7	0.31	SASA
THYAO	0.67		0.72	0.38	0.73	0.35	0.78	0.74	THYAO
KCHOL	0.78	0.72		0.19	0.53	0.41	0.72	0.58	KCHOL
FROTO	-0.23	0.38	0.19		0.68	-0.34	0.06	0.53	FROTO
ENKAI	0.22	0.73	0.53	0.68		-0.17	0.48	0.88	ENKAI
TUPRS	0.71	0.35	0.41	-0.34	-0.17		0.55	-0.21	TUPRS
EREGL	0.7	0.78	0.72	0.06	0.48	0.55		0.49	EREGL
ASELS	0.31	0.74	0.58	0.53	0.88	-0.21	0.49		ASELS
	SASA	THYAO	KCHOL	FROTO	ENKAI	TUPRS	EREGL	ASELS

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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

ASELS	+ 0.88	ENKAI
KCHOL	+ 0.78	SASA
EREGL	+ 0.78	THYAO
ASELS	+ 0.74	THYAO
ENKAI	+ 0.73	THYAO
KCHOL	+ 0.72	THYAO

High negative correlations

TUPRS	- 0.34	FROTO
FROTO	- 0.23	SASA
ASELS	- 0.21	TUPRS
TUPRS	- 0.17	ENKAI

Risk-Adjusted Indicators

There is a big difference between Papilon Stock performing well and Papilon Savunma 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 Papilon Savunma'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
SASA	1.72	(0.11)	0.00	(0.31)	0.00	0.00	3.48	(3.48)	10.13
THYAO	1.30	(0.05)	0.00	(0.13)	0.00	0.00	2.65	(2.55)	8.43
KCHOL	1.56	(0.06)	0.00	(0.06)	0.00	0.00	3.02	(3.02)	7.98
FROTO	1.54	0.04	0.01	0.15	1.85	(1.76)	3.48	(3.31)	11.45
ENKAI	1.95	0.10	0.03	0.24	2.31	(2.02)	4.75	(3.81)	13.49
TUPRS	1.10	(0.15)	0.00	1.73	0.00	0.00	2.34	(2.08)	5.17
EREGL	1.37	(0.04)	0.00	(0.07)	0.00	0.00	2.99	(2.92)	7.28
ASELS	1.61	0.26	0.12	0.87	1.67	(1.88)	3.97	(3.11)	9.31

Be your own money manager

Our tools can tell you how much better you can do entering a position in Papilon Savunma 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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Papilon Savunma Corporate Management

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

Murat Kerimoglu	Chief Officer	Profile
Dogan Demir	Chief Chairman	Profile
Sevilay Kurt	Chief Officer	Profile
Ayda Soyay	Chief Officer	Profile
Oral Tuntas	Chief Officer	Profile
Ahmet Demirtas	CFO Director	Profile
Banu Altay	Chief Officer	Profile

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