Turk Telekomunikasyon Correlations
| TRKNY Stock | USD 2.64 0.00 0.00% |
The current 90-days correlation between Turk Telekomunikasyon and Turkiye Garanti Bankasi is 0.2 (i.e., Modest diversification). The correlation of Turk Telekomunikasyon 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. If the correlation is 0, the equities are not correlated; they are entirely random.
Turk Telekomunikasyon Correlation With Market
Significant diversification
The correlation between Turk Telekomunikasyon AS and DJI is 0.05 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Turk Telekomunikasyon AS and DJI in the same portfolio, assuming nothing else is changed.
Turk |
The ability to find closely correlated positions to Turk Telekomunikasyon could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Turk Telekomunikasyon 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 Turk Telekomunikasyon - 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 Turk Telekomunikasyon AS to buy it.
Moving against Turk Pink Sheet
Related Correlations Analysis
| 0.62 | 0.58 | 0.21 | 0.43 | TKGBY | ||
| 0.62 | 0.64 | 0.62 | 0.46 | AKBTY | ||
| 0.58 | 0.64 | 0.56 | 0.15 | KHOLY | ||
| 0.21 | 0.62 | 0.56 | 0.2 | AEBZY | ||
| 0.43 | 0.46 | 0.15 | 0.2 | TLTZY | ||
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Risk-Adjusted Indicators
There is a big difference between Turk Pink Sheet performing well and Turk Telekomunikasyon 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 Turk Telekomunikasyon'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| TKGBY | 2.11 | 0.00 | 0.00 | 0.12 | 0.00 | 5.17 | 15.90 | |||
| AKBTY | 3.19 | (0.04) | (0.02) | 0.06 | 4.09 | 6.12 | 16.35 | |||
| KHOLY | 2.69 | 0.04 | (0.01) | 0.22 | 3.26 | 5.11 | 15.86 | |||
| AEBZY | 2.38 | (0.23) | 0.00 | (0.25) | 0.00 | 4.59 | 13.27 | |||
| TLTZY | 1.69 | (0.01) | 0.00 | 0.18 | 0.00 | 3.23 | 17.50 |
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Turk Telekomunikasyon Corporate Management
| Yusuf Kira | Assistant Technology | Profile | |
| Gulsen Ayaz | Investor Director | Profile | |
| Mehmet Vural | Assistant HR | Profile | |
| Ali Grsoy | Head Continuity | Profile | |
| mit nal | Director, CEO | Profile | |
| Tahsin Kaplan | Assistant Regulation | Profile | |
| Kaan Aktan | Vice General Manager of TTNET Retail Finance | Profile |