Correlation Between CEO Event and Ata Gayrimenkul
Can any of the company-specific risk be diversified away by investing in both CEO Event and Ata Gayrimenkul 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 CEO Event and Ata Gayrimenkul into the same portfolio, which is an essential part of the fundamental portfolio management process.
By analyzing existing cross correlation between CEO Event Medya and Ata Gayrimenkul Yatirim, you can compare the effects of market volatilities on CEO Event and Ata Gayrimenkul 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 CEO Event with a short position of Ata Gayrimenkul. Check out your portfolio center. Please also check ongoing floating volatility patterns of CEO Event and Ata Gayrimenkul.
Diversification Opportunities for CEO Event and Ata Gayrimenkul
-0.55 | Correlation Coefficient |
Excellent diversification
The 3 months correlation between CEO and Ata is -0.55. Overlapping area represents the amount of risk that can be diversified away by holding CEO Event Medya and Ata Gayrimenkul Yatirim in the same portfolio, assuming nothing else is changed. The correlation between historical prices or returns on Ata Gayrimenkul Yatirim and CEO Event 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 CEO Event Medya are associated (or correlated) with Ata Gayrimenkul. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of Ata Gayrimenkul Yatirim has no effect on the direction of CEO Event i.e., CEO Event and Ata Gayrimenkul go up and down completely randomly.
Pair Corralation between CEO Event and Ata Gayrimenkul
Assuming the 90 days trading horizon CEO Event Medya is expected to under-perform the Ata Gayrimenkul. In addition to that, CEO Event is 2.06 times more volatile than Ata Gayrimenkul Yatirim. It trades about -0.33 of its total potential returns per unit of risk. Ata Gayrimenkul Yatirim is currently generating about 0.0 per unit of volatility. If you would invest 1,147 in Ata Gayrimenkul Yatirim on September 14, 2024 and sell it today you would lose (15.00) from holding Ata Gayrimenkul Yatirim or give up 1.31% of portfolio value over 90 days.
| Time Period | 3 Months [change] |
| Direction | Moves Against |
| Strength | Very Weak |
| Accuracy | 100.0% |
| Values | Daily Returns |
CEO Event Medya vs. Ata Gayrimenkul Yatirim
Performance |
| Timeline |
| CEO Event Medya |
| Ata Gayrimenkul Yatirim |
CEO Event and Ata Gayrimenkul Volatility Contrast
Predicted Return Density |
| Returns |
Pair Trading with CEO Event and Ata Gayrimenkul
The main advantage of trading using opposite CEO Event and Ata Gayrimenkul positions is that it hedges away some unsystematic risk. Because of two separate transactions, even if CEO Event position performs unexpectedly, Ata Gayrimenkul 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 Ata Gayrimenkul will offset losses from the drop in Ata Gayrimenkul's long position.| CEO Event vs. Prizma Pres Matbaacilik | CEO Event vs. Dogus Gayrimenkul Yatirim | CEO Event vs. IZDEMIR Enerji Elektrik | CEO Event vs. Logo Yazilim Sanayi |
| Ata Gayrimenkul vs. Koza Anadolu Metal | Ata Gayrimenkul vs. CEO Event Medya | Ata Gayrimenkul vs. Bms Birlesik Metal | Ata Gayrimenkul vs. Cuhadaroglu Metal Sanayi |
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 Transaction History module to view history of all your transactions and understand their impact on performance.
Other Complementary Tools
| Risk-Return Analysis View associations between returns expected from investment and the risk you assume | |
| Fundamentals Comparison Compare fundamentals across multiple equities to find investing opportunities | |
| Aroon Oscillator Analyze current equity momentum using Aroon Oscillator and other momentum ratios | |
| Portfolio Comparator Compare the composition, asset allocations and performance of any two portfolios in your account | |
| Economic Indicators Top statistical indicators that provide insights into how an economy is performing |