Trabzonspor Sportif Correlations

TSPOR Stock

TRY 0.94 0.02 2.08%

The current 90-days correlation between Trabzonspor Sportif and Turkiye Is Bankasi is 0.01 (i.e., Significant diversification). The correlation of Trabzonspor Sportif 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.

Trabzonspor Sportif Correlation With Market

Good diversification

The correlation between Trabzonspor Sportif Yatirim and DJI is -0.08 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Trabzonspor Sportif Yatirim and DJI in the same portfolio, assuming nothing else is changed.

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

Moving against Trabzonspor Stock

0.88	NIBAS	Nigbas Nigde Beton	Pair Corr
0.71	KUYAS	Kuyas Yatirim AS Split	Pair Corr
0.49	ANELE	Anel Elektrik Proje	Pair Corr

Related Correlations Analysis

	ISCTR	YKBNK	VAKBN	ENKAI	AKBNK	HALKB	GARAN	TTKOM
ISCTR		0.92	0.38	-0.03	0.97	0.83	0.75	0.64	ISCTR
YKBNK	0.92		0.1	0.06	0.93	0.76	0.52	0.68	YKBNK
VAKBN	0.38	0.1		0.14	0.33	0.45	0.63	-0.12	VAKBN
ENKAI	-0.03	0.06	0.14		-0.06	-0.1	-0.25	-0.1	ENKAI
AKBNK	0.97	0.93	0.33	-0.06		0.87	0.74	0.66	AKBNK
HALKB	0.83	0.76	0.45	-0.1	0.87		0.74	0.62	HALKB
GARAN	0.75	0.52	0.63	-0.25	0.74	0.74		0.35	GARAN
TTKOM	0.64	0.68	-0.12	-0.1	0.66	0.62	0.35		TTKOM
	ISCTR	YKBNK	VAKBN	ENKAI	AKBNK	HALKB	GARAN	TTKOM

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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

AKBNK	+ 0.97	ISCTR
AKBNK	+ 0.93	YKBNK
YKBNK	+ 0.92	ISCTR
HALKB	+ 0.87	AKBNK
HALKB	+ 0.83	ISCTR
HALKB	+ 0.76	YKBNK

High negative correlations

GARAN	- 0.25	ENKAI
TTKOM	- 0.12	VAKBN
TTKOM	- 0.1	ENKAI
HALKB	- 0.1	ENKAI
AKBNK	- 0.06	ENKAI
ENKAI	- 0.03	ISCTR

Risk-Adjusted Indicators

There is a big difference between Trabzonspor Stock performing well and Trabzonspor Sportif 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 Trabzonspor Sportif'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
ISCTR	1.84	0.04	(0.02)	0.40	2.54	(1.75)	4.06	(4.20)	10.07
YKBNK	2.11	(0.05)	(0.04)	0.01	2.62	(2.26)	5.19	(4.48)	12.76
VAKBN	2.27	0.27	0.06	2.22	2.70	(2.26)	4.84	(4.38)	12.07
ENKAI	2.14	0.14	0.03	0.39	2.22	(2.33)	4.70	(3.61)	13.05
AKBNK	2.30	0.01	(0.02)	0.15	2.90	(2.44)	5.43	(5.82)	13.73
HALKB	1.68	0.02	(0.03)	0.17	2.28	(1.69)	3.57	(4.09)	12.07
GARAN	1.85	0.10	0.02	0.29	2.00	(2.09)	4.18	(3.40)	9.49
TTKOM	1.70	(0.02)	0.00	(0.37)	0.00	0.00	3.83	(4.38)	10.63

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Our tools can tell you how much better you can do entering a position in Trabzonspor Sportif 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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Trabzonspor Sportif Corporate Management

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

Emin Kahraman	Sec Director	Profile
Muharrem Usta	Chairman Board	Profile
Coskun Karaoglu	Director Affairs	Profile
Sinan Zengin	General Manager	Profile
Abdullah Ayaz	Member of the Board	Profile

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