Seker Gayrimenkul Correlations

SEGYO Stock

4.77 0.05 1.04%

The current 90-days correlation between Seker Gayrimenkul Yatirim and Kent Gida Maddeleri is 0.14 (i.e., Average diversification). The correlation of Seker Gayrimenkul 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.

Seker Gayrimenkul Correlation With Market

Modest diversification

The correlation between Seker Gayrimenkul Yatirim and DJI is 0.2 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Seker Gayrimenkul Yatirim and DJI in the same portfolio, assuming nothing else is changed.

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

Moving together with Seker Stock

0.62	KENT	Kent Gida Maddeleri	Pair Corr
0.67	CMENT	Cimentas Izmir Cimento	Pair Corr
0.75	ISDMR	Iskenderun Demir	Pair Corr
0.71	THYAO	Turkish Airlines	Pair Corr
0.87	AKSA	Aksa Akrilik Kimya	Pair Corr
0.73	CCOLA	Coca Cola Icecek	Pair Corr
0.85	NTGAZ	Naturelgaz Sanayi	Pair Corr
0.83	TKNSA	Teknosa Ic ve	Pair Corr
0.72	ENJSA	Enerjisa Enerji AS	Pair Corr
0.76	ALVES	Alves Kablo San	Pair Corr
0.66	AVOD	AVOD Kurutulmus Gida	Pair Corr
0.67	ARENA	Arena Bilgisayar Sanayi	Pair Corr
0.93	AKSEN	Aksa Enerji Uretim	Pair Corr
0.84	GWIND	Galata Wind Enerji	Pair Corr
0.83	CANTE	Can2 Termik AS	Pair Corr
0.68	VAKBN	Turkiye Vakiflar Bankasi	Pair Corr
0.83	ESEN	Esenboga Elektrik Uretim	Pair Corr
0.8	CUSAN	Cuhadaroglu Metal Sanayi	Pair Corr
0.83	HALKB	Turkiye Halk Bankasi	Pair Corr
0.87	PLTUR	Platform Turizm Tasi	Pair Corr
0.88	QUAGR	Qua Granite Hayal	Pair Corr
0.87	AKGRT	AK Sigorta AS	Pair Corr
0.83	GARAN	Turkiye Garanti Bankasi	Pair Corr
0.88	MACKO	Mackolik Internet	Pair Corr
0.85	SKBNK	Sekerbank TAS	Pair Corr
0.84	BIMAS	BIM Birlesik Magazalar	Pair Corr
0.88	HDFGS	Hedef Girisim Sermayesi	Pair Corr
0.89	ALKIM	Alkim Alkali Kimya Split	Pair Corr
0.87	AKFYE	Akfen Yenilenebilir	Pair Corr

Moving against Seker Stock

0.83	QNBFL	QNB Finans Finansal	Pair Corr
0.74	BFREN	Bosch Fren Sistemleri	Pair Corr
0.56	KLNMA	Turkiye Kalkinma Bankasi	Pair Corr

Related Correlations Analysis

	KENT	QNBFL	KLNMA	KCAER	CMENT	SNPAM	TBORG	ISDMR
KENT		-0.77	-0.49	0.64	0.83	0.53	0.62	0.83	KENT
QNBFL	-0.77		0.69	-0.62	-0.82	-0.15	-0.66	-0.88	QNBFL
KLNMA	-0.49	0.69		0.04	-0.31	0.01	-0.06	-0.46	KLNMA
KCAER	0.64	-0.62	0.04		0.85	0.26	0.84	0.8	KCAER
CMENT	0.83	-0.82	-0.31	0.85		0.39	0.78	0.93	CMENT
SNPAM	0.53	-0.15	0.01	0.26	0.39		0.21	0.28	SNPAM
TBORG	0.62	-0.66	-0.06	0.84	0.78	0.21		0.8	TBORG
ISDMR	0.83	-0.88	-0.46	0.8	0.93	0.28	0.8		ISDMR
	KENT	QNBFL	KLNMA	KCAER	CMENT	SNPAM	TBORG	ISDMR

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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

ISDMR	+ 0.93	CMENT
CMENT	+ 0.85	KCAER
TBORG	+ 0.84	KCAER
CMENT	+ 0.83	KENT
ISDMR	+ 0.83	KENT
ISDMR	+ 0.8	KCAER

High negative correlations

ISDMR	- 0.88	QNBFL
CMENT	- 0.82	QNBFL
QNBFL	- 0.77	KENT
TBORG	- 0.66	QNBFL
KCAER	- 0.62	QNBFL
KLNMA	- 0.49	KENT

Risk-Adjusted Indicators

There is a big difference between Seker Stock performing well and Seker Gayrimenkul 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 Seker Gayrimenkul'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
KENT	2.77	0.43	0.17	(1.42)	2.11	(4.56)	9.75	(3.77)	16.51
QNBFL	2.96	(1.06)	0.00	1.31	0.00	0.00	9.95	(6.13)	60.35
KLNMA	1.06	(0.10)	0.00	(0.59)	0.00	0.00	2.73	(2.55)	6.10
KCAER	1.43	0.10	0.04	(14.57)	1.80	(1.50)	2.85	(3.36)	9.23
CMENT	2.20	0.19	0.06	(2.08)	2.48	(2.53)	5.49	(4.12)	15.83
SNPAM	1.46	(0.02)	0.00	0.36	0.00	0.00	2.99	(3.30)	15.72
TBORG	1.88	0.23	0.10	1.21	1.93	(2.31)	4.07	(3.47)	15.68
ISDMR	1.16	0.14	0.10	(17.33)	1.07	(1.42)	2.77	(2.11)	12.13

Be your own money manager

Our tools can tell you how much better you can do entering a position in Seker Gayrimenkul 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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