Yurtec Correlations

YRCCF Stock

17.19 0.00 0.00%

The current 90-days correlation between Yurtec and Ellaktor SA is -0.01 (i.e., Good diversification). The correlation of Yurtec 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.

Yurtec Correlation With Market

Modest diversification

The correlation between Yurtec and DJI is 0.24 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Yurtec and DJI in the same portfolio, assuming nothing else is changed.

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

Moving together with Yurtec Pink Sheet

0.85	GOOG	Alphabet Class C	Pair Corr
0.91	BMYMP	Bristol Myers Squibb	Pair Corr
0.74	ATI	Allegheny Technologies	Pair Corr
0.62	F	Ford Motor	Pair Corr
0.84	WSFS	WSFS Financial	Pair Corr
0.85	ACN	Accenture plc	Pair Corr
0.62	MCD	McDonalds	Pair Corr
0.87	MRK	Merck Company	Pair Corr
0.73	CAT	Caterpillar Sell-off Trend	Pair Corr
0.75	DD	Dupont De Nemours	Pair Corr
0.88	WMT	Walmart Common Stock Aggressive Push	Pair Corr
0.68	CSCO	Cisco Systems Sell-off Trend	Pair Corr
0.65	AXP	American Express	Pair Corr
0.64	JPM	JPMorgan Chase	Pair Corr
0.73	BAC	Bank of America	Pair Corr

Moving against Yurtec Pink Sheet

0.75	MSFT	Microsoft	Pair Corr
0.61	HPQ	HP Inc	Pair Corr
0.54	T	ATT Inc	Pair Corr
0.45	HD	Home Depot	Pair Corr
0.41	NVDA	NVIDIA	Pair Corr

Related Correlations Analysis

	ELLKF	CHYCF	EOHDF	MCCK	ABGOF	ELLKY	BGPBF	CHRRF	YMFCF	BEVFF
ELLKF		0.0	0.5	-0.04	0.0	-0.02	-0.09	0.1	0.0	-0.1	ELLKF
CHYCF	0.0		0.0	0.0	0.0	0.0	0.0	0.0	1.0	0.0	CHYCF
EOHDF	0.5	0.0		-0.13	0.0	0.05	-0.09	0.17	0.0	-0.07	EOHDF
MCCK	-0.04	0.0	-0.13		0.0	-0.47	-0.04	-0.04	0.0	0.34	MCCK
ABGOF	0.0	0.0	0.0	0.0		0.0	0.0	0.0	0.0	0.0	ABGOF
ELLKY	-0.02	0.0	0.05	-0.47	0.0		-0.58	0.58	0.0	-0.8	ELLKY
BGPBF	-0.09	0.0	-0.09	-0.04	0.0	-0.58		-0.88	0.0	0.8	BGPBF
CHRRF	0.1	0.0	0.17	-0.04	0.0	0.58	-0.88		0.0	-0.71	CHRRF
YMFCF	0.0	1.0	0.0	0.0	0.0	0.0	0.0	0.0		0.0	YMFCF
BEVFF	-0.1	0.0	-0.07	0.34	0.0	-0.8	0.8	-0.71	0.0		BEVFF
	ELLKF	CHYCF	EOHDF	MCCK	ABGOF	ELLKY	BGPBF	CHRRF	YMFCF	BEVFF

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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

YMFCF	+ 1.0	CHYCF
BEVFF	+ 0.8	BGPBF
CHRRF	+ 0.58	ELLKY
EOHDF	+ 0.5	ELLKF
BEVFF	+ 0.34	MCCK
CHRRF	+ 0.17	EOHDF

High negative correlations

CHRRF	- 0.88	BGPBF
BEVFF	- 0.8	ELLKY
BEVFF	- 0.71	CHRRF
BGPBF	- 0.58	ELLKY
ELLKY	- 0.47	MCCK
MCCK	- 0.13	EOHDF

Risk-Adjusted Indicators

There is a big difference between Yurtec Pink Sheet performing well and Yurtec 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 Yurtec'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
ELLKF	2.11	0.36	0.00	61.62	0.00	0.00	0.00	0.00	55.62
CHYCF	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
EOHDF	0.36	0.03	0.00	0.17	0.00	0.00	0.00	0.00	18.90
MCCK	0.99	0.22	0.03	(0.57)	1.19	(2.71)	4.85	(2.88)	11.57
ABGOF	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
ELLKY	1.90	(0.17)	0.00	1.02	0.00	0.00	0.48	0.00	52.28
BGPBF	0.08	0.04	0.00	(0.35)	0.00	0.00	0.00	0.00	1.41
CHRRF	0.75	(0.13)	0.00	(0.09)	0.00	0.00	2.78	(2.94)	9.97
YMFCF	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
BEVFF	1.03	0.13	0.05	0.43	1.28	(1.18)	2.07	(2.43)	8.00

Yurtec 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 Yurtec pink sheet to make a market-neutral strategy. Peer analysis of Yurtec could also be used in its relative valuation, which is a method of valuing Yurtec by comparing valuation metrics with similar companies.

Ellaktor SA Chiyoda Emeco Holdings Limited Mestek Inc Abengoa SA Ellaktor SA ADR BTS Group AB Chorus Aviation Yamashin Filter Corp Diversified Royalty Corp American Airlines Group Alcoa Corp Apple Inc Best Buy Co Citigroup

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