Correlation Between CEO Event and Marka Yatirim
Can any of the company-specific risk be diversified away by investing in both CEO Event and Marka 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 CEO Event and Marka Yatirim 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 Marka Yatirim Holding, you can compare the effects of market volatilities on CEO Event and Marka 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 CEO Event with a short position of Marka Yatirim. Check out your portfolio center. Please also check ongoing floating volatility patterns of CEO Event and Marka Yatirim.
Diversification Opportunities for CEO Event and Marka Yatirim
0.26 | Correlation Coefficient |
Modest diversification
The 3 months correlation between CEO and Marka is 0.26. Overlapping area represents the amount of risk that can be diversified away by holding CEO Event Medya and Marka Yatirim Holding in the same portfolio, assuming nothing else is changed. The correlation between historical prices or returns on Marka Yatirim Holding 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 Marka Yatirim. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of Marka Yatirim Holding has no effect on the direction of CEO Event i.e., CEO Event and Marka Yatirim go up and down completely randomly.
Pair Corralation between CEO Event and Marka Yatirim
Assuming the 90 days trading horizon CEO Event Medya is expected to generate 0.93 times more return on investment than Marka Yatirim. However, CEO Event Medya is 1.07 times less risky than Marka Yatirim. It trades about 0.05 of its potential returns per unit of risk. Marka Yatirim Holding is currently generating about -0.07 per unit of risk. If you would invest 2,056 in CEO Event Medya on December 4, 2024 and sell it today you would earn a total of 832.00 from holding CEO Event Medya or generate 40.47% return on investment over 90 days.
| Time Period | 3 Months [change] |
| Direction | Moves Together |
| Strength | Very Weak |
| Accuracy | 99.59% |
| Values | Daily Returns |
CEO Event Medya vs. Marka Yatirim Holding
Performance |
| Timeline |
| CEO Event Medya |
| Marka Yatirim Holding |
CEO Event and Marka Yatirim Volatility Contrast
Predicted Return Density |
| Returns |
Pair Trading with CEO Event and Marka Yatirim
The main advantage of trading using opposite CEO Event and Marka Yatirim positions is that it hedges away some unsystematic risk. Because of two separate transactions, even if CEO Event position performs unexpectedly, Marka 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 Marka Yatirim will offset losses from the drop in Marka Yatirim's long position.| CEO Event vs. Politeknik Metal Sanayi | CEO Event vs. Bms Birlesik Metal | CEO Event vs. Turkiye Kalkinma Bankasi | CEO Event vs. Datagate Bilgisayar Malzemeleri |
| Marka Yatirim vs. Sekerbank TAS | Marka Yatirim vs. Bms Birlesik Metal | Marka Yatirim vs. CEO Event Medya | Marka Yatirim vs. Creditwest Faktoring 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 Volatility Analysis module to get historical volatility and risk analysis based on latest market data.
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