Correlation Between Birikim Varlik and Trabzon Liman
Can any of the company-specific risk be diversified away by investing in both Birikim Varlik and Trabzon Liman 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 Birikim Varlik and Trabzon Liman into the same portfolio, which is an essential part of the fundamental portfolio management process.
By analyzing existing cross correlation between Birikim Varlik Yonetim and Trabzon Liman Isletmeciligi, you can compare the effects of market volatilities on Birikim Varlik and Trabzon Liman 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 Birikim Varlik with a short position of Trabzon Liman. Check out your portfolio center. Please also check ongoing floating volatility patterns of Birikim Varlik and Trabzon Liman.
Diversification Opportunities for Birikim Varlik and Trabzon Liman
0.81 | Correlation Coefficient |
Very poor diversification
The 3 months correlation between Birikim and Trabzon is 0.81. Overlapping area represents the amount of risk that can be diversified away by holding Birikim Varlik Yonetim and Trabzon Liman Isletmeciligi in the same portfolio, assuming nothing else is changed. The correlation between historical prices or returns on Trabzon Liman Isletm and Birikim Varlik 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 Birikim Varlik Yonetim are associated (or correlated) with Trabzon Liman. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of Trabzon Liman Isletm has no effect on the direction of Birikim Varlik i.e., Birikim Varlik and Trabzon Liman go up and down completely randomly.
Pair Corralation between Birikim Varlik and Trabzon Liman
Assuming the 90 days trading horizon Birikim Varlik is expected to generate 1.05 times less return on investment than Trabzon Liman. In addition to that, Birikim Varlik is 1.41 times more volatile than Trabzon Liman Isletmeciligi. It trades about 0.01 of its total potential returns per unit of risk. Trabzon Liman Isletmeciligi is currently generating about 0.02 per unit of volatility. If you would invest 9,545 in Trabzon Liman Isletmeciligi on August 31, 2024 and sell it today you would lose (30.00) from holding Trabzon Liman Isletmeciligi or give up 0.31% of portfolio value over 90 days.
| Time Period | 3 Months [change] |
| Direction | Moves Together |
| Strength | Strong |
| Accuracy | 100.0% |
| Values | Daily Returns |
Birikim Varlik Yonetim vs. Trabzon Liman Isletmeciligi
Performance |
| Timeline |
| Birikim Varlik Yonetim |
| Trabzon Liman Isletm |
Birikim Varlik and Trabzon Liman Volatility Contrast
Predicted Return Density |
| Returns |
Pair Trading with Birikim Varlik and Trabzon Liman
The main advantage of trading using opposite Birikim Varlik and Trabzon Liman positions is that it hedges away some unsystematic risk. Because of two separate transactions, even if Birikim Varlik position performs unexpectedly, Trabzon Liman 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 Trabzon Liman will offset losses from the drop in Trabzon Liman's long position.| Birikim Varlik vs. Verusa Holding AS | Birikim Varlik vs. Guler Yatirim Holding | Birikim Varlik vs. Verusaturk Girisim Sermayesi | Birikim Varlik vs. Yesil Yatirim Holding |
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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 File Import module to quickly import all of your third-party portfolios from your local drive in csv format.
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