Correlation Between AK Sigorta and Is Yatirim
Can any of the company-specific risk be diversified away by investing in both AK Sigorta and Is Yatirim at the same time? Although using a correlation coefficient on its own may not help to predict future stock returns, this module helps to understand the diversifiable risk of combining AK Sigorta and Is Yatirim into the same portfolio, which is an essential part of the fundamental portfolio management process.
By analyzing existing cross correlation between AK Sigorta AS and Is Yatirim Menkul, you can compare the effects of market volatilities on AK Sigorta and Is Yatirim and check how they will diversify away market risk if combined in the same portfolio for a given time horizon. You can also utilize pair trading strategies of matching a long position in AK Sigorta with a short position of Is Yatirim. Check out your portfolio center. Please also check ongoing floating volatility patterns of AK Sigorta and Is Yatirim.
Diversification Opportunities for AK Sigorta and Is Yatirim
0.57 | Correlation Coefficient |
Very weak diversification
The 3 months correlation between AKGRT and ISMEN is 0.57. Overlapping area represents the amount of risk that can be diversified away by holding AK Sigorta AS and Is Yatirim Menkul in the same portfolio, assuming nothing else is changed. The correlation between historical prices or returns on Is Yatirim Menkul and AK Sigorta is a relative statistical measure of the degree to which these equity instruments tend to move together. The correlation coefficient measures the extent to which returns on AK Sigorta AS are associated (or correlated) with Is Yatirim. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of Is Yatirim Menkul has no effect on the direction of AK Sigorta i.e., AK Sigorta and Is Yatirim go up and down completely randomly.
Pair Corralation between AK Sigorta and Is Yatirim
Assuming the 90 days trading horizon AK Sigorta AS is expected to under-perform the Is Yatirim. In addition to that, AK Sigorta is 1.05 times more volatile than Is Yatirim Menkul. It trades about -0.04 of its total potential returns per unit of risk. Is Yatirim Menkul is currently generating about 0.03 per unit of volatility. If you would invest 3,874 in Is Yatirim Menkul on September 3, 2024 and sell it today you would earn a total of 252.00 from holding Is Yatirim Menkul or generate 6.5% return on investment over 90 days.
| Time Period | 3 Months [change] |
| Direction | Moves Together |
| Strength | Weak |
| Accuracy | 100.0% |
| Values | Daily Returns |
AK Sigorta AS vs. Is Yatirim Menkul
Performance |
| Timeline |
| AK Sigorta AS |
| Is Yatirim Menkul |
AK Sigorta and Is Yatirim Volatility Contrast
Predicted Return Density |
| Returns |
Pair Trading with AK Sigorta and Is Yatirim
The main advantage of trading using opposite AK Sigorta and Is Yatirim positions is that it hedges away some unsystematic risk. Because of two separate transactions, even if AK Sigorta position performs unexpectedly, Is Yatirim can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Is Yatirim will offset losses from the drop in Is Yatirim's long position.| AK Sigorta vs. Tofas Turk Otomobil | AK Sigorta vs. Aksa Akrilik Kimya | AK Sigorta vs. Vestel Beyaz Esya | AK Sigorta vs. Is Yatirim Menkul |
| Is Yatirim vs. Desa Deri Sanayi | Is Yatirim vs. Tumosan Motor ve | Is Yatirim vs. Ihlas Gazetecilik AS | Is Yatirim vs. Kuyas Yatirim AS |
Check out your portfolio center.Note that this page's information should be used as a complementary analysis to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Portfolio Volatility module to check portfolio volatility and analyze historical return density to properly model market risk.
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