Verusa Holding Correlations

VERUS Stock

TRY 264.25 1.25 0.48%

The current 90-days correlation between Verusa Holding AS and Koza Anadolu Metal is 0.19 (i.e., Average diversification). The correlation of Verusa Holding 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.

Verusa Holding Correlation With Market

Average diversification

The correlation between Verusa Holding AS and DJI is 0.15 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Verusa Holding AS and DJI in the same portfolio, assuming nothing else is changed.

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

Moving together with Verusa Stock

0.65	TUPRS	Turkiye Petrol Rafin	Pair Corr
0.62	THYAO	Turkish Airlines	Pair Corr
0.87	DOAS	Dogus Otomotiv Servis	Pair Corr

Moving against Verusa Stock

0.57	FROTO	Ford Otomotiv Sanayi	Pair Corr
0.39	TTRAK	Turk Traktor ve	Pair Corr

Related Correlations Analysis

	KOZAA	SODSN	SILVR	MEGMT	SKBNK	CEOEM	GENTS
KOZAA		0.45	0.38	0.45	0.68	-0.71	0.72	KOZAA
SODSN	0.45		-0.36	0.83	0.56	-0.3	0.5	SODSN
SILVR	0.38	-0.36		-0.15	0.23	-0.18	0.33	SILVR
MEGMT	0.45	0.83	-0.15		0.62	-0.2	0.54	MEGMT
SKBNK	0.68	0.56	0.23	0.62		-0.27	0.66	SKBNK
CEOEM	-0.71	-0.3	-0.18	-0.2	-0.27		-0.5	CEOEM
GENTS	0.72	0.5	0.33	0.54	0.66	-0.5		GENTS
	KOZAA	SODSN	SILVR	MEGMT	SKBNK	CEOEM	GENTS

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

MEGMT	+ 0.83	SODSN
GENTS	+ 0.72	KOZAA
SKBNK	+ 0.68	KOZAA
GENTS	+ 0.66	SKBNK
SKBNK	+ 0.62	MEGMT
SKBNK	+ 0.56	SODSN

High negative correlations

CEOEM	- 0.71	KOZAA
GENTS	- 0.5	CEOEM
SILVR	- 0.36	SODSN
CEOEM	- 0.3	SODSN
CEOEM	- 0.27	SKBNK
CEOEM	- 0.2	MEGMT

Risk-Adjusted Indicators

There is a big difference between Verusa Stock performing well and Verusa Holding 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 Verusa Holding'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
KOZAA	2.32	0.09	0.00	0.50	3.42	(2.19)	5.60	(5.43)	15.14
SODSN	2.21	(0.38)	0.00	(0.81)	0.00	0.00	4.55	(4.78)	15.93
SILVR	2.99	0.21	0.04	0.72	3.27	(3.44)	9.91	(5.59)	16.78
MEGMT	1.88	(0.14)	0.00	1.28	0.00	0.00	3.56	(3.83)	12.82
SKBNK	1.79	(0.08)	(0.05)	0.01	2.17	(2.20)	3.79	(3.55)	12.93
CEOEM	3.58	(0.51)	0.00	(1.05)	0.00	0.00	8.02	(9.96)	19.76
GENTS	1.71	(0.01)	(0.03)	0.10	2.15	(1.82)	3.15	(3.65)	15.73

Be your own money manager

Our tools can tell you how much better you can do entering a position in Verusa Holding 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.

Did you try this?

Run Companies Directory Now

Companies Directory

Evaluate performance of over 100,000 Stocks, Funds, and ETFs against different fundamentals

All Next

Launch Module

Verusa Holding Corporate Management

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

Mustafa Uludag	Member of the Board	Profile
Sema Kaya	Budget Mang	Profile
M Yazgan	Independent Member of the Board	Profile
Levent Papaker	Director Department	Profile
Mustafa Arslan	Head of Investor Relations Department	Profile

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2024 Macroaxis LLC