Ideal Finansal Correlations
| SKYLP Stock | 86.20 0.15 0.17% |
The current 90-days correlation between Ideal Finansal Tekno and Politeknik Metal Sanayi is -0.11 (i.e., Good diversification). The correlation of Ideal Finansal 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.
Ideal Finansal Correlation With Market
Significant diversification
The correlation between Ideal Finansal Teknolojiler and DJI is 0.01 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Ideal Finansal Teknolojiler and DJI in the same portfolio, assuming nothing else is changed.
Ideal |
The ability to find closely correlated positions to Ideal Finansal could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Ideal Finansal 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 Ideal Finansal - 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 Ideal Finansal Teknolojiler to buy it.
Moving against Ideal Stock
| 0.72 | ASELS | Aselsan Elektronik Sanayi | PairCorr |
| 0.56 | FROTO | Ford Otomotiv Sanayi | PairCorr |
| 0.45 | EREGL | Eregli Demir ve Split | PairCorr |
| 0.36 | KCHOL | Koc Holding AS | PairCorr |
| 0.35 | ENKAI | ENKA Insaat ve | PairCorr |
Related Correlations Analysis
| Click cells to compare fundamentals | Check Volatility | Backtest Portfolio |
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
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Risk-Adjusted Indicators
There is a big difference between Ideal Stock performing well and Ideal Finansal 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 Ideal Finansal'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| POLTK | 2.24 | 0.24 | 0.07 | 0.68 | 2.20 | 6.77 | 15.38 | |||
| MEGMT | 1.79 | (0.05) | 0.00 | 0.42 | 0.00 | 3.56 | 12.82 | |||
| KOZAA | 2.24 | 0.14 | 0.01 | 1.27 | 3.10 | 5.60 | 15.14 | |||
| THYAO | 1.51 | (0.03) | (0.05) | 0.05 | 1.59 | 3.23 | 7.35 | |||
| BORLS | 2.10 | 0.49 | 0.11 | 7.65 | 2.82 | 3.88 | 13.80 | |||
| CUSAN | 1.70 | 0.02 | (0.02) | 0.16 | 2.11 | 5.23 | 11.59 | |||
| KLNMA | 1.61 | 0.08 | 0.00 | 0.42 | 1.73 | 4.11 | 15.22 |
Ideal Finansal Related Equities
One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with Ideal Finansal stock to make a market-neutral strategy. Peer analysis of Ideal Finansal could also be used in its relative valuation, which is a method of valuing Ideal Finansal by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |